Nigerian digital banking platform PalmPay has once again earned global recognition, securing a spot on CNBC and Statista’s prestigious 2025 list of the Top 300 Fintech Companies in the World. This marks the second year in a row that the homegrown fintech giant has been ranked among industry leaders like Revolut, Nubank, and Ant Group,
News Report – July 23, 2025 The Federal Government has reaffirmed its commitment to settling the outstanding allowances owed to beneficiaries of the N-Power scheme, assuring that measures are currently underway to address all payment delays. This assurance was made public through the National Social Investment Programme (NSIP), which oversees the N-Power initiative. According to
News Report – July 23, 2025 The organized labour unions in Ogun State have officially called off their industrial strike action, even as key concerns over the implementation of the new minimum wage remain unresolved. The decision to suspend the strike was reached after extensive deliberations between union leaders and state government representatives. According to
News Report – July 23, 2025 Nigeria’s Minister of Education, Dr. Tunji Alausa, has announced that all West African Examinations Council (WAEC) and National Examinations Council (NECO) assessments will transition fully to Computer-Based Testing (CBT) by the year 2026. Speaking at a media briefing in Abuja, Dr. Alausa emphasized that the decision marks a pivotal
News Report – July 23, 2025 In a historic shift, the United States became a net exporter of crude oil to Nigeria for the first time in February 2025, according to newly released international trade data. The reversal in oil trade flow marks a significant development in the global energy market, as Nigeria, traditionally a
July 22, 2025 In a remarkable display of intellectual prowess, human contestants have outperformed artificial intelligence at one of the world’s most elite mathematics contests — the International Mathematical Olympiad (IMO). This milestone reaffirms the enduring excellence of human reasoning and problem-solving abilities, even in an era increasingly dominated by advanced algorithms and machine learning.
July 22, 2025 The trial of former Kwara State Governor, Alhaji Abdulfatah Ahmed, continued on Monday over allegations of financial misappropriation amounting to N5.78 billion. The Economic and Financial Crimes Commission (EFCC) is prosecuting Ahmed alongside his former Commissioner for Finance, Alhaji Ademola Banu. Both are accused of conspiracy, criminal breach of trust, and illegal
July 22, 2025 The Comptroller-General of the Nigeria Customs Service (NCS), Adewale Adeniyi, has announced the introduction of a unified four percent Free on Board (FOB) charge to replace multiple import levies previously imposed on cargo imports into Nigeria. Speaking during a stakeholders’ meeting held in Lagos on Monday, CGC Adeniyi emphasized that the new
July 22, 2025 The Lagos Metropolitan Area Transport Authority (LAMATA) has issued a strong warning to the general public to beware of fraudulent recruitment schemes falsely linked to the agency. In a statement released on Monday, LAMATA clarified that it is not currently conducting any recruitment exercise and has not authorized any individual or group
A Federal High Court sitting in Abuja has ordered the forfeiture of $222,000 in cryptocurrency traced to a cybercrime syndicate that reportedly includes Chinese nationals operating within Nigeria. The ruling followed successful legal action initiated by the Economic and Financial Crimes Commission (EFCC), which revealed that the digital assets were proceeds of illicit online activities
