681 articles published since 06 Dec 2024
The federal government has just set a new record, securing a $747 million loan, the largest-ever loan to be taken for a road infrastructure project in Nigeria.
The latest version of Grok, known as the SuperGrok Heavy, is said to be the equivalent of a team of super-intelligent AI agents, collaborating to solve users' query.
The number of active oil rigs is a key indicator of the volume of oil exploration and production activities in the country. It has grown almost 500% in 4 years.
Many banks are exploring talks about mergers in a bid to meet the recapitalisation target. Six banks are still left at the negotiation table talking to investors.
The National Identity Number (NIN) verification portal has stayed unresponsive for over a week, stalling customer service across banks, immigration offices, etc.
Guaranty Trust Holding Company is now available for trading on the Nigerian Exchange (NGX) and the London Stock Exchange (LSE), giving it access to more capital.
The federal government spends about N2 billion monthly on electricity subsidies to cover about 70% of electricity costs. This money has now hit N4 trillion debt.
The Vice President of Dangote Industries Limited, Devakumar Edwin, says the refinery has long-term contracts, and will focus on Nigerian crude when they expire,
The cement dealers predict that the demand for cement will increase in July and August, and the pressure will push the price of Dangote, Bua, and other cements up.
Ruth Okwumbu
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