News
Energy experts raise wider failure concerns in NNPCL-Chinese firms refinery rehab deal
49+ min ago (389+ words) Nigeria government and its national oil company NNPC Ltd's new refinery rehabilitation deal with two Chinese private firms which are not technically into refinery rehabilitation, has fuelled more failure concerns amongst industry analysts and energy experts. After more than three…...
Nigeria lags global beef industry boom despite 20. 9 million cattle base
1+ hour, 33+ min ago (1257+ words) The structure of Nigeria's livestock sector continues to generate intense debate between advocates of traditional pastoralism and proponents of industrial cattle production systems. With an estimated 20. 9 million cattle, Nigeria remains a major livestock economy by global standards. However, its reliance…...
Presidential jets are becoming essential for global governments
1+ hour, 23+ min ago (537+ words) The modern VIP aircraft fleet has become an increasingly important instrument of state power. As geopolitical risks intensify and diplomatic schedules grow more demanding, governments are expanding investment in specialised aircraft designed to guarantee secure transportation, operational continuity and real-time…...
Pen Com grants PFAs special approval to invest in Dangote Refinery IPO
12+ hour, 35+ min ago (513+ words) The National Pension Commission (Pen Com) has granted Pension Fund Administrators (PFAs) a one-time regulatory waiver to invest contributors" funds in the planned Initial Public Offering (IPO) of Dangote Petroleum Refinery & Petrochemicals FZE. The decision opens the door for Nigeria…...
Firm maps out 5-step plan to modernise insurance pricing
17+ hour, 58+ min ago (548+ words) Akur8, an insurance pricing technology company, has released a five-phase roadmap designed to help insurers modernise their pricing operations without embarking on costly, large-scale system overhauls. In a recent industry analysis, the Paris-based insurtech argues that pricing transformation should be approached…...
Nigerian insurer turns to AI to simplify customer experience
18+ hour, 3+ min ago (588+ words) Heirs Insurance Group has launched a multilingual generative artificial intelligence (AI) assistant, known as Prince AI, in a move aimed at simplifying how Nigerians interact with insurance services and improving customer experience. The insurer said the new digital tool represents…...
NGX rally extends as investors gain N3. 3trn in bullish week
23+ hour, 44+ min ago (577+ words) The Nigerian equities market extended its record-breaking rally last week, with investors gaining more than N3. 3 trillion despite late-session profit-taking that interrupted an otherwise bullish run on the Nigerian Exchange (NGX). The benchmark NGX All-Share Index (ASI) advanced by 2. 27 percent week-on-week…...
WHO declares international emergency over Ebola virus spread
1+ day, 49+ min ago (595+ words) The World Health Organization (WHO) has declared the ongoing Ebola outbreak linked to the Bundibugyo virus strain a Public Health Emergency of International Concern (PHEIC), warning that there is currently no approved vaccine or specific treatment for the variant spreading…...
Satellite expansion raises questions over Africa's digital sovereignty
1+ day, 6+ min ago (992+ words) Across Africa, the rapid expansion of satellite internet is beginning to reshape more than just connectivity. It is now forcing a deeper rethink of how digital infrastructure is governed, who sets the rules, and how much value African economies can…...
African regulators step up enforcement as AI governance gains ground
19+ hour, 39+ min ago (772+ words) Across Africa, digital rulemaking is entering a more decisive phase where the focus is shifting from passing laws to actually enforcing them, as governments tighten oversight of personal data and begin laying the groundwork for artificial intelligence governance. A new…...