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Samsung has reported a significant drop in its second-quarter (Q2) 2025 operating profit, with figures plunging by 55 per cent year-on-year to KRW 4.7 trillion ($3.4 billion), as the company grappled with a downturn in the semiconductor sector. Samsung made this known in its second quarter report made available on…

The Nigerian National Petroleum Company Limited (NNPC) Ltd has officially ruled out sale of the Port Harcourt Refining Company, reaffirming its commitment to completing high-graded rehabilitation and retention of the plant. The Group Chief Executive Officer (GCEO) of NNPC Limited, Bashir Bayo Ojulari, announced this at a company-wide town hall…

The National Insurance Commission (NAICOM) has officially unveiled a comprehensive set of guidelines to regulate Insurtech operations in Nigeria, marking a major step in modernizing the country’s insurance landscape. The new regulatory framework, which takes effect on August 1, 2025, is the outcome of extensive stakeholder engagement and is designed…

Concisedailynews – The Independent National Electoral Commission (INEC) and the National Orientation Agency (NOA) are set to intensify collaboration on public sensitisation and voter mobilisation efforts across Nigeria. Both institutions seek to strengthen civic participation in the electoral process. This renewed commitment emerged during a strategic engagement held at INEC…

Concisedailynews – In a firm display of professionalism and integrity, troops of Operation SAFE HAVEN turned down a ₦13.7 million bribe allegedly offered by armed suspects intercepted in a bullet-riddled vehicle along the Jos–Sanga Road, the Defence Headquarters has said. Director of Defence Media Operations, Major General Markus Kangye, while…

Nigeria’s Minister of Finance and Coordinating Minister for the Economy, Mr Wale Edun, said Federal Government revenue rose to N6.9 trillion in the first quarter a 40 per cent increase  from the N5.2 trillion recorded in the previous quarter. Edun who made this known on Monday during the Citizens and…

The Nigerian Communications Commission (NCC) has collaborated with the Association for Progressive Communications and other institutional stakeholders towards addressing challenges confronting rural network connectivity in Nigeria. The collaboration resulted in a two-day workshop hosted in Abuja from June 3-4, 2025, to explore policy framework for enabling community networks towards bridging…

When African Heads of State, government representatives, private sector leaders, development partners, and civil society participants gathered in Tanzania for the Mission 300 Africa Energy Summit, they did so against the backdrop of a continent that has seen off-grid solar solutions revolutionize energy access—with remarkable progress made and significant potential…

The National Agency for the Great Green Wall (NAGGW) has procured five million date palm seedlings for distribution across 11 frontline northern states to combat desertification and promote economic development in the region. Director-General of the Agency, Saleh Abubakar, made the disclosure during a courtesy visit to some traditional rulers…

The Nigerian Communications Commission (NCC) has taken a significant step toward bolstering the nation’s cybersecurity defenses, unveiling plans for a comprehensive framework to safeguard its rapidly expanding telecommunications industry. Dr Aminu Maida, the Executive Vice Chairman (EVC) of the NCC, who was represented by Abraham Oshadami, Executive Commissioner, Technical Services,…