The Nigerian budget office is pushing back hard against claims that the new tax laws were secretly altered. Director General Tanimu Yakubu issued a statement warning against "governance by speculation" following allegations from the House minority caucus that the recently enacted Tax Reform Acts were changed after passage and presidential assent. He argued that such unverified claims threaten democratic stability and public trust in the legality of fiscal laws, which is essential for economic planning and investor confidence.
Yakubu stressed the sanctity of the legislative process, stating any post-enactment modification without due process would strike at the core of the republic. He welcomed the National Assembly's decision to...
Your phone's next signal could come from a satellite whizzing overhead. According to a new analysis, mobile networks by 2030 could integrate satellite links so seamlessly that users won't know if their call is routed through a cell tower or a spacecraft. This 6G vision aims to erase dead zones in remote areas, oceans, and disaster zones, with companies like SpaceX, AST SpaceMobile, and Lynk already testing direct satellite-to-phone connectivity.
The goal is to solve the economic hurdle of serving sparse populations where building ground infrastructure is impractical. Standards bodies are developing specs for this hybrid network, which would employ a mix of high, medium, and low orbit satellites. Low Earth orbit constellations, like...
Nigeria's mining revenue has tripled in two years under new reforms. According to a statement from the Ministry of Solid Minerals Development, earnings jumped from 16 billion naira in 2023 to 38 billion in 2024, with projections to cross 70 billion naira this year. Minister Dele Alake, appointed under President Bola Tinubu, has pursued a seven-point agenda, including revoking over 2,500 dormant licenses to free space for serious investors, attracting an estimated 1.5 billion dollars in foreign direct investment.
Key initiatives included establishing a mining marshal corps to tackle illegal operations, resulting in over 300 arrests and nearly 100 illegal site recoveries. The ministry also revised community agreements to require host...
NNPC's monthly profit jumped despite lower total revenue. The Nigerian National Petroleum Company reported a November profit after tax of 502 billion naira, up from 447 billion the previous month, even as its total earnings dipped to 4.358 trillion naira from 5.08 trillion. The state-owned firm's crude and condensate output averaged 1.60 million barrels per day, with natural gas production at 6.968 million standard cubic feet daily, though planned maintenance on several key assets temporarily limited volumes.
The company noted significant progress on major infrastructure projects, with the Ajaokuta Kaduna Kano gas pipeline ninety percent complete and the Obiafu Obrikom Oben pipeline at ninety-six percent. It aims to finish the AKK...
Nigeria's balance of payments just swung hard into a huge surplus. The Central Bank of Nigeria reported a 4.6 billion dollar surplus for the third quarter of 2025, a sharp reversal from the prior quarter's deficit, driven by stronger trade performance and growing foreign investment. Key factors included a goods account surplus of 4.94 billion dollars, with crude oil exports hitting 8.45 billion dollars and refined petroleum product exports jumping forty four percent to 2.29 billion dollars, signaling a shift toward becoming a net fuel exporter.
Acting CBN spokesperson Hakama Sidi Ali also noted domestic economic activity strengthened in December, with the Composite Purchasing Managers Index climbing to 57.6 points, the strongest...
Nigeria's shipping sector had a mixed year with zero piracy but crushing costs. The country's maritime industry, under its new Ministry of Marine and Blue Economy, reported no pirate attacks on commercial ships in its waters and the wider Gulf of Guinea for 2025, alongside a ten to fifteen percent improvement in ship turnaround times at Lagos ports. However, operational expenses remain thirty to forty percent higher than regional rivals like Tema and Lome, with cargo dwell times stretching between ten and eighteen days due to inefficient clearance processes.
The Sea Empowerment and Research Centre, a maritime think tank, released these findings, noting progress in customs modernization with a new digital system and scanner deployments...
The Final Fantasy XIV director just heavily hinted at a Switch port. During a New Year event on Japanese servers, producer and director Naoki Yoshida responded to a fan question about bringing the MMORPG to Nintendo platforms with a teasing "Please look forward to it." While not a full confirmation, this follows his earlier comments at Gamescom 2025, where he discussed positive discussions with Nintendo about the benefits for both veteran players and newcomers.
Yoshida previously envisioned a potential Switch 2 version allowing players to tackle combat on PC while relaxing on a couch for crafting or gathering tasks. He also highlighted the value of introducing a younger audience to the MMO genre through the portable system. His latest...
Zimbabwe's president called for more hard work to meet national development goals. In a New Year's address, President Emmerson Mnangagwa rallied citizens and the diaspora to commit to the National Development Strategy 2, aiming for prosperity, inclusivity, and modernization under the Vision 2030 plan. He highlighted economic achievements from the past year as a foundation for future success while urging unity and social cohesion.
Mnangagwa specifically directed law enforcement and the Traffic Safety Council of Zimbabwe to increase vigilance on roads during the holiday period, asking the public to exercise caution to prevent accidents and loss of life. He also emphasized scaling up the fight against drug and substance abuse, calling it...
NVIDIA's cloud service just dropped a bunch of new games for January. The GeForce NOW update added the newly released indie title My Winter Car alongside expanded store support for titles like Banishers: Ghosts of New Eden and Warhammer 40,000: Space Marine 2, making them playable through Xbox and Epic Games Store libraries in addition to Steam. The service also confirmed a schedule of incoming games for the rest of the month, including upcoming releases like Pathologic 3 and MIO: Memories in Orbit.
The initial weekly update provides more flexibility for subscribers who own games across different PC storefronts. Notably, Eternights is now available on the platform for the first time via the Epic store. The Warhammer title is flagged as...
