Billionaire tech mogul Elon Musk may soon be dethroned as the world’s wealthiest person by Larry Ellison, the 81-year-old co-founder of Oracle, whose company is poised to reap enormous profits from the accelerating AI revolution. On Wednesday, Ellison’s fortune surged by an estimated $100 billion after Oracle shares soared, driven by the company’s bullish forecast…
The Central Bank of Nigeria (CBN) has initiated the development of a new strategic roadmap for the nation’s payments landscape with the official launch of the Nigeria Payments System Vision 2028 (PSV 2028). This new framework aims to establish a more inclusive, innovative, and globally competitive digital financial system. At the inaugural meeting of the…
At least ten children have died following a fresh outbreak of diphtheria in Agaie and Bida local government areas of Niger State. The affected children were reportedly taken to the Federal Medical Centre (FMC) in Bida, where they died despite medical intervention. Local sources indicate that additional deaths may have occurred in rural communities across…
The Independent National Electoral Commission (INEC) has formally recognised the new leadership of the African Democratic Congress (ADC), now headed by former Senate President David Mark. The confirmation, published on INEC’s official website and seen by Channels Television on Wednesday, follows an internal restructuring within the party aimed at strengthening its position ahead of the…
President Bola Tinubu has instructed the Central Bank of Nigeria (CBN) and other financial regulators to strengthen oversight of cryptocurrency and digital payment platforms, citing concerns over their growing use outside the formal banking system. Delivering the message on his behalf at the 18th Annual Banking and Finance Conference of the Chartered Institute of Bankers…
President Bola Tinubu has instructed the Federal Executive Council to establish a committee tasked with urgently implementing strategies to further reduce food prices across Nigeria. This was revealed by the Minister of State for Agriculture and Food Security, Senator Aliyu Sabi Abdullahi, on Wednesday in Abuja. According to Abdullahi, the President’s directive emphasizes ensuring the…
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) on Tuesday suspended its two-day strike following a resolution reached at a meeting with representatives of the Federal Government, the Dangote Group, and other key stakeholders. The strike had caused fuel supply disruptions across several parts of the country. NUPENG National President, Williams Akporeha, confirmed…
According to data from the Independent System Operator (ISO), power generation dropped sharply from 2,917.83 MW to just 1.5 MW between 11:00 a.m. and 12:00 p.m. on Wednesday. Confirming the grid collapse, the Abuja Electricity Distribution Company (AEDC) stated that its customers had experienced a widespread outage in its service area, attributing it to a…
The Federal Government has officially published Nigeria’s new tax reform laws in the national gazette, following President Bola Tinubu’s assent on June 26. This was disclosed in a statement issued on Wednesday by Kamorudeen Yusuf, Personal Assistant on Special Duties to the President. The tax reforms introduce four key legislations: Nigeria Tax Act 2025 Nigeria…
The Federal Ministry of Health and Social Welfare has called for renewed efforts to protect lives and eliminate the stigma surrounding mental illness as Nigeria joined the global community in marking World Suicide Prevention Day on Tuesday. In a statement shared via its official X (formerly Twitter) handle, the Ministry reminded Nigerians that “your life…
