In December 2022, the Director of the Bank Examination Department, the Nigeria Deposit Insurance Corporation, Michael Oladele, revealed that N911bn had been lost to ‘get-rich-quick’ schemes in Nigeria over the last 23 years.
While this figure may present the raw facts of the damage of such schemes, it is a pointer to the innate need for individuals to attempt to build wealth. However, this is…
In an effort to ban the importation of barite and promote its local production, the Federal Government, through the Ministry of Mines and Steel Development, has commissioned a barite processing plant in Cross River State.
Speaking at the inauguration of the barite processing…
Elon Musk on Friday unveiled Linda Yaccarino as the new head of Twitter, the social media app he purchased from the founders in April 2022.
After a series of live trials and errors on the app, Elon Musk on Thursday hinted that he had hired a Chief Executive Officer while he…
Google has released a new AI-powered chatbot called Bard, which is designed to compete with OpenAI’s ChatGPT. Bard is an experimental conversational AI service that is powered by Google’s LaMDA (Language Model for Dialogue Applications).
LaMDA is a large language model that has been trained on a massive dataset of text and code. This allows Bard to generate text, translate languages, write…
At least 2000 students from 12 Lagos State Government schools and seven private schools in the state will on Thursday participate in the second edition of the Lagos Children Empowerment Conference.
A non-governmental organisation, Faith Iyowuna Ikekhide Foundation…
The Nigerian National Petroleum Company Limited needs to roll out massive investments in terms of oil and gas to meet the demand for these commodities, Africa’s richest man and Chairman, Dangote Group, Aliko Dangote, has said.
He said the national oil firm should invest…
The United Nations is to partner the federal and state governments, as well as multilateral and unilateral donors to mobilise $83.16m (N38.3bn, at the official exchange rate of N461/$) for Nigeria’s agriculture sector development from 2023 to 2027.
Already, the UN through its Food and Agriculture Organisation, has sourced for about $16.36m (N7.54bn) for the initiative, according to the FAO…
The Federal Government, through the Ministry of Mines and Steel Development, has stressed that biometric data capture for registered artisanal and small-scale miners will lessen the rate of illegal mining and smuggling in the country.
This was disclosed in a statement from…
Nigeria’s borrowing from the World Bank has reached $14.34bn as of March 31,
This was an increase from the $13.93bn debt recorded by the Debt Management Office as of December 31, 2022.
This means that fresh disbursements on approved loans added $410m to Nigeria’s debt…
The first batch of Nigerians returning from Sudan has arrived at the Nnamdi Azikiwe Airport, Abuja.
The 376 returnees, who took off from Aswan, Egypt, after a tumultuous journey crossing the border, were on Wednesday airlifted by the Nigerian Air Force on the NAF C-130H aircraft and Air Peace at about 4 pm in the afternoon.
They landed at the Federal Capital Territory at 11:35 pm against the…