In a groundbreaking revelation, leading artificial intelligence researchers at Meta are poised to earn staggering annual salaries reaching $100 million, according to an exclusive report by WIRED magazine. This compensation package, which includes base pay, bonuses, and stock options, underscores the fierce competition in the tech industry to secure top-tier AI talent. The move reflects
Internet service providers, including major players like Starlink and Spectranet, are experiencing a noticeable decline in customer subscriptions as more Nigerians cut back on data spending due to rising economic hardship. The development signals a growing shift in consumer behavior, reflecting the impact of inflation and weakened purchasing power on household and business budgets. Recent
Abuja, July 2, 2025 — Nigeria’s economy grew at an estimated rate of 3.7% year-on-year during the first half of 2025, buoyed by increased crude oil production and resilient performance in the manufacturing and services sectors, according to a report from Stanbic IBTC Bank based on S&P Global PMI data . Economists attribute the uptick
Lagos, July 2, 2025 — The Magistrate Court handling the dispute over Owode Onirin Market has adjourned the matter until October 13, 2025, directing all involved parties to maintain the status quo pending the next hearing. The decision follows a request by counsels representing the claimant, who cited the need for additional time to collate
The Lagos State Government has once again reiterated its commitment to creating a thriving business environment through sustained policy reforms and private sector collaboration. This assurance was given during the Lagos edition of the State Action on Business Enabling Reforms (SABER) Technical Session and Statewide Townhall Meeting held on Monday, June 23, 2025, in Ikeja.
Abuja, July 2, 2025 — The Nigerian naira recorded a significant appreciation in the official foreign exchange market this week, buoyed by a broader global slump in the US dollar and increased investor confidence in Nigeria’s monetary policies. According to official data from the Central Bank of Nigeria (CBN), the naira closed trading on Monday,
The United States Federal Reserve is facing increasing pressure to reduce interest rates as economic uncertainties deepen, largely fueled by ongoing threats of tariffs from former President Donald Trump. Market analysts and financial experts are closely watching the central bank’s next moves, anticipating that a rate cut could help cushion the American economy against the
Abuja, July 2, 2025 — The Federal Government has concluded plans to launch a National Intellectual Property (IP) Policy in July, as part of a broader strategy to strengthen Nigeria’s creative economy and boost the export potential of local content, innovations, and cultural expressions. The policy, championed by the Ministry of Art, Culture, and the
Abuja, July 2, 2025 — The Nigerian National Petroleum Company Limited (NNPC Ltd.) has recorded a major milestone in the ongoing construction of the Ajaokuta–Kaduna–Kano (AKK) gas pipeline as the critical crossing beneath the River Niger has been successfully completed. This feat, which marks a key achievement in the 614-kilometre-long project, brings the multi-billion-dollar infrastructure
Abuja, July 2, 2025 — The Federal Government says Nigeria’s current crude oil production stands at approximately 1.745 million barrels per day (bpd) and has confirmed its commitment to raising output to 2 million bpd by the end of 2025. Senator Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), announced the figures at the inauguration of
