• KLAY Vision signs mega music AI deals

    KLAY Vision Inc., a Los Angeles music technology firm, has secured artificial intelligence licensing agreements with the three major music corporations, Universal Music Group, Sony Music Entertainment, and Warner Music Group, along with their publishing arms. The company stated that these partnerships establish a framework for developing new AI-driven music experiences while respecting the rights…

  • Onne truck parks back e-call-up plan

    Trucking operators at Onne Port in Rivers State have endorsed the Nigerian Ports Authority’s electronic call-up platform, anticipating relief from congestion that has plagued the eastern maritime corridor and slowed cargo movement. Godwin Ololuke, who chairs the Nigerian Port Consultative Council’s local chapter, confirmed that preparations involving truck park owners and system consultants have been…

  • Lawmakers move to curb energy theft

    Nigeria’s House Committee on Privatization and Commercialization is advancing legislation to address electricity theft through enhanced penalties and asset protection measures. Chairman Hamisu Ibrahim described the practice as a significant barrier to effective power distribution during an inspection of Ibadan Electricity Distribution Company facilities. The committee pledged assistance in recovering substantial debts owed to distribution…

  • CBN warns on fake microfinance firm

    Nigeria’s central bank has issued a public alert concerning Zuldal Microfinance Bank Limited, clarifying that the organization lacks authorization to conduct financial operations within the country. Acting Director of Corporate Communications Hakama Sidi Ali stated the entity falsely claims to hold proper licensing despite reportedly maintaining locations in Lagos, Abuja, Kaduna and Kano. The Banks…

  • FG pushes Nigeria First policy

    Nigeria’s government is encouraging domestic businesses to capitalize on the Nigeria First Policy as the administration works to expand local manufacturing and decrease import dependence. Senator George Akume, the Secretary to the Government of the Federation, delivered the message during a meeting with Solomon Ewanehi, the Managing Director of Solewant Group, in Abuja. Akume praised…

  • Ireland backs Nigerian textile revival

    Ireland has offered to collaborate with Nigeria on reviving the country’s textile manufacturing sector, with Irish Ambassador Peter Ryan highlighting shared cultural traditions and potential partnerships at the First Made-in-Nigeria Textile Summit held in Abuja. Ryan noted that Ireland maintained its fabric heritage through centuries of colonial occupation and suggested Nigeria could replicate this success…

  • FirstBank expands SME lending

    First Bank of Nigeria Limited has distributed more than 200 billion naira to micro, small and medium enterprises during the past year, addressing what the lender identifies as the sector’s primary obstacle of insufficient capital access. Abiodun Famuyiwa, who heads SME Banking at FirstBank, disclosed that approximately 100 billion naira supported businesses operating in various…

  • MTN Nigeria reports data surge

    MTN Nigeria has announced that its active data subscriber base has reached 51.1 million users, representing a growth of 12.8 percent and positioning the telecommunications company as a key player in the Federal Government’s broadband expansion objectives. The operator attributes this expansion to its leadership in deploying 4G and 5G networks, having achieved more than…