General News
NBS Says GDP Down to 6.23% in Third Quarter

The National Bureau of Statistics (NBS) yesterday released the country’s Gross Domestic Product figure for the third quarter of 2014, stating that the economy, in real terms, grew by 6.23 per cent.
The bureau in the report said the 6.23 per cent third quarter growth rate, is lower than the 6.54 per cent recorded in second quarter of 2014.
The report said the oil sector experienced production challenges, adding that the average daily production of crude oil in the third quarter of 2014 was recorded at 2.15 million barrels per day (mbpd), a decrease from 2.26 mbpd recorded in the third quarter of 2013 and 2.21 mbpd recorded in second quarter.
The report said the impact of the drop in crude oil was a decline in oil GDP by 3.6 per cent in the third quarter of 2013.
This, it added, was also lower relative to 5.47 percent in the second quarter of 2014.
It said, “On an aggregate basis, the economy when measured by the Real GDP, grew by 6.23 percent (year-on-year) in the third quarter of 2014, higher by 1.06 percentage points from rates recorded in the third quarter of 2013, and lower by 0.31 percentage points from the second quarter of 2014.”
It said the oil sector contributed approximately 10.45 per cent to real GDP in the third quarter of 2014, lower from the 10.76 per cent contribution in the second quarter of 2014, and the 11.51 per cent contribution recorded during the third quarter of 2013.
For the non-oil sector, the report said growth was driven by activities recorded in the crop production, textile, apparel and footwear; telecommunications, and real estate sectors.
In the third quarter of 2014, the report said non-oil sector recorded 7.51 per cent growth in real terms, lower compared to 8.46 per cent at the corresponding period in 2013, yet higher than 6.71 per cent in the second quarter of 2014.
General News
Nigerian Tech Prodigy sets World Record with Smallest GPS Tracker

Young Nigerian tech genius, Oluwatobi Oyinlola, has developed the world’s smallest GPS tracking device, a prototype measuring just 22.93 x 11.92 mm.
Recognised by the Guinness World Records, the device was created at the prestigious Massachusetts Institute of Technology (MIT), USA, on April 27, where he is employed as a researcher.
It has been hailed for its potential across industries, from logistics and personal safety to medical devices and wildlife monitoring.
Nigeria’s President Bola Ahmed Tinubu celebrated the feat in a post on X, praising Oyinlola for showcasing the ingenuity of the West African country’s youth. “You have just shown the world that Nigerian youth can!” he wrote.
Adding to the accolades, Minister of Communications, Innovation and Digital Economy, Bosun Tijani, lauded the innovation as a symbol of national pride and technological potential.
He commended Oyinlola’s journey, noting his early support for the young inventor’s IoT startup. “Long before this global recognition, I had the privilege of backing Oluwatobi. His journey, now continuing at MIT, is a powerful reminder of the extraordinary potential of our people,” Tijani said.
The prototype not only marks a leap in miniaturised technology but also highlights Nigeria’s growing footprint in global innovation. Bosun added that as Nigeria intensifies efforts to nurture homegrown tech talent, Oyinlola’s success is a beacon for the next generation of innovators.
“The world is only beginning to see what you’re capable of,” said the Minister.
General News
Africa Looks to Solar Amid Electricity Challenges

Africa is becoming a global hub for solar energy development. The commercial and industrial sectors are driving this trend, with photovoltaic systems being installed on-site at businesses, educational institutions, and government facilities to meet energy demands.
This is according to CBi-electric: low voltage, which manufactures and supplies low voltage electrical distribution, protection, and control equipment.
2.5 gigawatts-peak (GWp) of solar capacity was built across Africa in 2024, with 194.34 GWp expected in 2025, according to the company.
Dr. Andrew Dickson, engineering executive of CBi-electric: low voltage, outlines how several reasons are hastening the continent’s transition to solar. “Energy poverty remains a major issue across Africa, with reliable grid electricity reaching only 14% of Zimbabweans, for example.”
He goes on to say that inconsistent power supply is another significant contributor, stating that “Persistent nationwide blackouts are affecting countries like Botswana, disrupting day-to-day operations. And in hydro-electric dependent countries such as Zambia, climate change is reducing water levels, leading to lower electricity generation and higher prices.”
Dickson believes that strategic system design and management are critical to realising the full potential of solar energy on the continent.
He said: “As Africa’s solar energy market continues to expand in 2025, organisations have an opportunity to capitalise on its long-term benefits. With the right technologies and safeguards in place, solar is not only a clean energy solution it’s a strategic asset that pays off.
“By combining surge protection, DC breakers, and monitoring tools, businesses can reduce unexpected costs, minimise downtime, and extend the life of their investment.”
General News
Nigeria Trains 200,000 Citizens in AI to Drive Innovation and Sustainability

Federal Government of Nigeria has launched a major initiative to train over 200,000 Nigerians in Artificial Intelligence (AI) and other emerging technologies, aiming to build a digitally skilled workforce and position Nigeria as a continental leader in AI-driven innovation.
The announcement was made by Chief Uche Nnaji, Minister of Innovation, Science, and Technology, during the 10th Annual Symposium and Awards of the American Chemical Society (ACS), Nigeria International Chemical Sciences Chapter, held at the National Open University of Nigeria (NOUN) in Abuja.
AI’s Role in Sustainability and Economic Growth
Chief Nnaji, represented by Dr. Patricks Oghuma, Special Assistant to the Minister, emphasized the transformative power of AI, particularly when integrated with chemistry to address sustainability challenges.
“We are at the intersection of a revolution where artificial intelligence and chemistry converge to create new frontiers,” he stated. “This powerful synergy offers a vision of the future where innovation and sustainability work hand in hand”.
He also highlighted the gap between scientific research and real-world application, stressing the need for transformational research that directly solves real-world problems through AI.
Academic and Industry Collaboration
The Vice-Chancellor of NOUN, Prof. Olufemi Peters, echoed the Minister’s sentiments, noting that AI’s ability to model, predict, and optimize is vital for reducing waste, conserving energy, and enhancing chemical processes.
“At NOUN, we remain committed to providing accessible, technology-enhanced education that directly addresses national and global challenges,” Prof. Peters said.
The symposium gathered key stakeholders in science, technology, and academia, focusing on leveraging AI to drive sustainable solutions and calling for stronger collaboration between research institutions, industry, and government.
Building a Knowledge-Driven Economy
Prof. Edu Inam, Chair of the ACS Nigeria Chapter, reinforced the society’s commitment to research mentorship and student engagement, noting that ACS continues to host campus events and outreach programs aimed at nurturing young scientific minds.
The initiative is expected to accelerate Nigeria’s AI adoption, fostering economic growth, sustainability, and technological advancement across multiple sectors.
- News2 days ago
Tomato ‘Ebola’ May Disrupt Nigeria’s Agric Value Chain- Rewane
- Broadcasting2 days ago
MultiChoice vs FCCPC: Only President has Power to Fix Prices- Court
- Telecom2 days ago
SEO Secrets: How Media Professionals Can Make Their Blog Posts Rank High
- News2 days ago
Loan Controversy: Court adjourns Otudeko, others’ case to June 11
- General News1 day ago
FCMB Group Posts ₦35bn Q1 Profit as Revenue Surpasses Forecast
- E-Financial2 days ago
IMF Confirms Nigeria’s Full Repayment of $3.4bn COVID-19 Loan
- E-Business2 days ago
NEPC, NBS Sign MoU on Data Capturing
- Telecom2 days ago
Airtel Africa Records Customer Base Increase of 8.7Percent to 166.1m