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OpenAI admits its system autonomously hacked another company

Nigeria, July 22 -- OpenAI has revealed that two of its most advanced artificial intelligence models breached a controlled testing environment and autonomously hacked another AI company, Hugging Face,... Read More


FG receives final report for $500m World Bank-backed AGROW programme

Nigeria, July 22 -- The Federal Government has received the final report of the National Technical Working Group on the World Bank-supported $500 million Sustainable Agricultural Value Chains for Grow... Read More


Cost of preparing pot of jollof rice up 14.6% in 11 months - Report

Nigeria, July 22 -- The national average cost of preparing a pot of jollof rice in Nigeria rose from N25,798 in July 2025 to N29,578 in June 2026, an increase of 14.6 per cent, according to a new surv... Read More


Why lower Naira denominations are scarce - Cardoso

Nigeria, July 22 -- The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has attributed the scarcity of lower naira denominations to declining demand, rather than the apex bank's decisi... Read More


Nigeria's external reserves rise to $52.5 billion, enough for 11 months' imports

Nigeria, July 21 -- Nigeria's gross external reserves have increased to $52.52 billion, providing import cover for approximately 11 months of goods and services, according to the Central Bank of Niger... Read More


CBN targets single-digit inflation by 2027 despite global shocks

Nigeria, July 21 -- Despite global instability, the Central Bank of Nigeria (CBN) remains confident that it can bring inflation down to single digits by early 2027. Speaking at the end of the 306th M... Read More


BREAKING: CBN retains interest rate at 26.5%

Nigeria, July 21 -- The Central Bank of Nigeria (CBN) has retained the benchmark interest rate at 26.5 per cent, maintaining a cautious stance amidst inflationary pressures. CBN Governor Olayemi Card... Read More


MTN warns customers against fake promo

Nigeria, July 21 -- MTN Nigeria has warned customers to disregard fraudulent online posts claiming the telecom operator is offering "1 Month Free Data for Old Subscribers," describing the promotion as... Read More


NUPRC to hold commercial bid conference for 50 oil, gas blocks

Nigeria, July 21 -- The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) will hold the commercial bid conference for its 2025 Licensing Round on Tuesday. The conference will mark the next st... Read More


CBN issues operational guidelines for BDCs' forex purchases from banks, introduces tracking portal

Nigeria, July 17 -- The Central Bank of Nigeria (CBN) has issued detailed operational guidelines for Bureau De Change (BDC) operators to purchase foreign exchange from authorised dealer banks through ... Read More