Google has announced plans to build a landmark undersea cable, Umoja, the first of its kind to directly link Africa and Australia. This project is expected to revolutionize digital communication and economic ties between the two continents. Google has partnered with African and Australian leaders to develop Umoja, which translates to "unity" in Swahili.

CBN cuts import duty exchange rate to N1,446.281/$, marking the eighth adjustment this month amid ongoing naira fluctuations.

After 27 months in detention, Abba Kyari is granted temporary bail by a Federal High Court in Abuja to conduct his mother's burial rites.

Nigeria enhances the security of its $1 trillion annual transactions with a new AI-based defense system, aiming to combat cybercrime and protect its digital economy.

A group of Nigerian students at a UK university face expulsion due to financial difficulties caused by the devaluation of the naira. The university cites visa regulations, while students plead for support and a chance to finish their studies. The incident raises concerns about the vulnerability of international students to currency fluctuations.

Nigeria’s Central Bank raised its benchmark interest rate to 26.25%, aiming to curb inflation and stabilize the economy despite potential growth impacts.

The Central Bank of Nigeria raises the MPR to 26.25%, aiming to curb inflation but sparking concerns among businesses about higher borrowing costs.

Industry leaders highlight the critical need for government intervention in Nigeria's food and beverage sector to address economic challenges.

Nigerian fintech companies will be allowed to resume enrolling new customers in a few months, according to the Central Bank of Nigeria (CBN). The CBN had suspended new customer onboarding in April to address concerns about money laundering.

In 2023, Nigeria's food import costs soared to $2.13 billion, driven by severe flooding and increasing insecurity, challenging efforts to enhance local agricultural production.

TotalEnergies diverts $6 billion oil investment from Nigeria to Angola due to policy inconsistencies and security concerns in Nigeria.

Nigeria's CNG initiative, lauded by Labor Minister Simon Lalong, is expected to create 25,000 jobs, driving economic growth and sustainability.