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Obasanjo Tells Adeleke to ‘Sit Down’ at Event

May 21, 2025

Obasanjo humorously tells Governor Adeleke to 'go and sit down' for arriving late, sparking diverse reactions online.

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World Bank approves extra $65 million loan for Nigeria’s SPESSE project

1 July 2025

The World Bank has approved an additional $65 million credit for Nigeria under the Sustainable Procurement, Environmental, and Social Standards Enhancement (SPESSE) project, raising the total funding to $145 million.

The post World Bank approves extra $65 million loan for Nigeria’s SPESSE project appeared first on Nairametrics.

Nigerian Oil falls below $70 a barrel amid faded supply disruption

1 July 2025

Nigerian crude prices dipped to a three-week low on Tuesday, falling back to rates seen before the recent Israel-Iran fighting as fading supply fears and talk of an OPEC+ output increase weighed on the market.

The post Nigerian Oil falls below $70 a barrel amid faded supply disruption appeared first on Nairametrics.

Elon Musk’s xAI raises $10 billion in debt and equity financing to accelerate AI innovation

1 July 2025

Artificial intelligence company xAI, founded by tech entrepreneur Elon Musk, has secured a total of $10 billion in new funding, a move that significantly bolsters its ambition to lead the next wave of AI innovation.

The post Elon Musk’s xAI raises $10 billion in debt and equity financing to accelerate AI innovation appeared first on Nairametrics.

FG spends N611.71 billion to service first domestic dollar bond in March

1 July 2025

The Federal Government spent N611.71 billion in March 2025 servicing its first-ever US dollar-denominated bond issued within the domestic market, making it the single largest domestic debt service item for the month and highlighting the rising cost of FX-linked obligations in Nigeria’s debt profile.

The post FG spends N611.71 billion to service first domestic dollar bond in March appeared first on Nairametrics.

CAC launches AI powered registration portal, promises business registration within 30 minutes

1 July 2025

The Corporate Affairs Commission (CAC) has unveiled a new Artificial Intelligence (AI)-driven registration portal aimed at transforming Nigeria’s business environment by simplifying company registration processes and accelerating approvals.

The post CAC launches AI powered registration portal, promises business registration within 30 minutes appeared first on Nairametrics.

What’s worth learning for the next 10 years in Nigeria

1 July 2025