Author: Prima News

Lamon Rutten, Chairman of Critical Minerals Financing Corporation Plc, outlined his vision for Africa’s mining sector in a recent media interaction. The former Saudi Mining Exchange CEO highlighted mineral securitisation, economic diversification, and Nigeria’s strategic global role. JIDE AJIA reports key insights from the session In your opinion, how could CMFC impact Nigeria’s economy, especially amid the government’s diversification drive? Do you believe it can serve as a catalyst for transformative change? There is a large underexploited potential in Nigeria’s mineral economy and even more across Africa. Today, a great deal of ore is exported without processing, meaning that most…

The Oba of Ketu in the Kosofe Local Government area of Lagos State, Isiaka Oyero, has faulted the construction of a palace on a disputed parcel of land housing the Nigerian Postal Service in the community, alleging that the project is being carried out in violation of an ongoing court case. Oyero, while addressing the press in his palace on Saturday, alongside his lawyer, Ayo Odekunle, accused his counterpart, the Oba of Ikosi, Alamu Oloyede Onikosi, and the Chairperson of the Ikosi-Isheri Local Council Development Area, Samiat Bada, of encroaching on the land and proceeding with the construction of a…

Peter Obi has declared that no other 2027 presidential contender can offer the North what he plans to deliver. He said the region holds Nigeria’s greatest economic potential and that he intends to transform it through agriculture, security and grassroots investment. The former Anambra governor spoke on Arise TV on Monday, pitching himself to northern voters and pushing back against the view that his presidential prospects in the region depend on endorsements from a handful of political heavyweights. Obi said the North, far from being a burden on the national economy, was an underutilised asset that a committed government could…

The Oyo State Commissioner for Youth and Sports, Wasilat Adegoke, on Monday, reiterated the state government’s commitment to youth development and grassroots sports as Ibadan prepares to host the grand finale of MTN Champs Season 4, which is expected to draw over 3,200 athletes from across Nigeria. She stated this during a press briefing held at Jericho, Ibadan, ahead of a three-day championship scheduled to take place at the Lekan Salami Stadium, Adamasingba, Ibadan. Adegoke explained that the state government had made adequate preparations to host athletes, officials and spectators, emphasising that the competition aligns with its broader agenda of…

Lagos State Governor, Babajide Sanwo-Olu, has congratulated Nigerian athlete Rukayat Suleimon for winning a gold medal at the World Sambo Cup held in Yerevan, Armenia. Suleimon made history at the competition, organised by the International Sambo Federation, becoming the first female blind sambist in the world to win a gold medal at the tournament. In a statement issued on Monday by his Special Adviser on Media and Publicity, Gboyega Akosile, the governor commended the athlete for her outstanding performance and for bringing pride to Lagos State and Nigeria. Suleimon, a Lagos State judo champion, secured the gold medal after defeating…

The UN’s Independent International Scientific Panel on AI – the first global body of its kind – is gearing up for its inaugural in-person summit. Source link

In recent years, Nigerian businesses have increasingly moved online in response to changing customer behaviour. From small retail shops to service providers, many entrepreneurs now understand the importance of having a digital presence. However, while more businesses are going online, many are doing so in ways that limit their growth rather than support it. A common pattern among small and medium-sized enterprises is the heavy reliance on social media as the primary business platform. Instagram pages, WhatsApp broadcasts, and Facebook posts have become the main tools for reaching customers. While these platforms provide visibility, they are often mistaken for complete…

The CEO of SpaceX and owner of X, Elon Musk, on Sunday criticised his birth country’s government, claiming that Starlink is being denied an operating licence on the basis that he is not Black. In a series of posts on his X handle, the South Africa-born billionaire referenced ongoing regulatory hurdles tied to the country’s Broad-Based Black Economic Empowerment policies. He claimed the post-apartheid rules require telecommunications licensees to have at least 30 per cent ownership by historically disadvantaged groups, primarily Black South Africans, women, and people with disabilities. He wrote, “South Africa won’t allow Starlink to be licensed, even…

If you spot a Lucid Gravity SUV blinged-out with sensors — and a self-driving system developed by Nuro — driving around San Francisco, chances are that’s an Uber employee taking a ride. Select Uber employees can now request a ride in a Lucid robotaxi through the Uber app, the latest phase of testing ahead of a planned public launch later this year. Nuro, which provided the update in a blog posted Monday, told TechCrunch the vehicles are operating in autonomous mode and have a human safety operator behind the wheel as backup. While this is far from a public launch,…

Meta is projected to become the world’s largest digital advertising company by the end of 2026, overtaking Google for the first time, according to new forecasts from Emarketer. The research firm predicts Meta will generate $243.46 billion in net advertising revenue in 2026. That would put it just ahead of Google, which is projected to bring in $239.54 billion over the same period. Meta’s ad business is expected to expand by 24.1% this year, up from 22.1% in 2025. Google’s growth, by contrast, is forecast to hold steady at 11.9%. Focusing on automated advertising tools is enhancing Meta’s Advantage+ suite,…