Budget office says FG funding 2024 capital projects from 2025 revenue
The 2024 budget allocated N19 trillion for capital expenditure out of N34 trillion, while the 2025 budget stands at N54.99 trillion with N23.96 trillion for capital projects.
Business and Economy
UK records unexpected economic boost in second quarter
GDP edged up 0.3% in Q2, outperforming the 0.1% forecast despite a sharp slowdown from Q1’s 0.7% pace.
The rise of the .ng domain: How foreign brands are tapping into Nigeria’s online market
“The .ng domain is how we identify as Nigerians online. It’s more than just a web address; it’s our digital address.”
Saudi Arabia targets massive renewable expansion to curb oil demand
Saudi Arabia, the world’s largest net crude exporter, is accelerating its shift toward renewable energy to cut domestic petroleum use.
Deepfake AI scams target investors worldwide
“This scheme, which utilizes social proof, psychological pressure, and professional design, is highly effective,” researchers warn.
Lagos introduces new tenancy bill to regulate rents and prevent exploitation
Under the proposed bill: “Any person who receives or pays rent above the prescribed limit commits an offence and is liable, on conviction, to a fine of N1 million or three months’ imprisonment
Nigeria’s non-oil exports rise 19.6% in first half of 2025
Cocoa and its derivatives topped Nigeria’s non-oil exports, driven by rising global demand, higher prices, and increased local processing capacity.
Perplexity AI launches $34.5 billion takeover bid for Google’s Chrome browser
Perplexity AI has made an unsolicited $34.5 billion bid for Google’s Chrome browser in a move that could reshape the AI search race.
Naira falls further against dollar in both official and parallel markets
The Naira dropped to N1,535.93 against the dollar on Monday, down from N1,533.56 traded last week Friday.