Day: November 4, 2021
United Kingdom Became The First Country To Approve Anti-Covid Pill
Britain on Thursday approved the use of Merck’s antiviral pill to treat patients suffering from mild to moderate coronavirus infections,…
N5.7 Trillion Spent For Darkness Eight Years After Privatisation In Nigeria
In what most industry players and consumer right groups, yesterday, described as payment for darkness, Nigerians, in the past eight…
Federal Government Begins Clamp Down On Banks Aiding ‘Fiscal Carelessness’ Of States
The Federal Government may begin to clamp down on banks and other financial institutions aiding “fiscal carelessness” by granting loans…
Debt Management Office To Issue N250Billion Sukuk Bond
The Debt Management Office (DMO) says it will issue about N250 billion Sukuk to finance road projects.The DMO said this…
Qualcomm Diversification Effort For Chip Portfolio Pay Off
Qualcomm Inc on Wednesday forecast better-than-expected profits and revenue for its current quarter on soaring demand for chips used in phones,…
Square Shareholders Approves Issuance Of New Shares
Square Inc shareholders have approved the issuance of new shares for the U.S. company’s $29 billion purchase of Afterpay Ltd,…
NCC Assures Of Renewed Commitment To Collaborate With Industry Stakeholders
The telecoms industry regulator, Nigerian Communications Commission (NCC), has assured Nigerians of its renewed commitment to collaborate with industry stakeholders…
Nigeria Stock Exchange: Trading Of Financial Derivatives Will Assist In Developing The Economy
The Nigeria Exchange Limited (NGX) has stated that trading of financial derivatives in Nigeria through the organised exchange will play…
Nigerian National Petroleum Corporation Contribution To Federation Account Dropped By N13 Billion
The total contribution of the Nigerian National Petroleum Corporation (NNPC) to the federation account dropped by N13 billion in September 2021.…
CBN: Nigeria’s External Reserves Increase By $5.05 Billion
Nigeria’s external reserves rose by $5.05bn in October, the latest data from the Central Bank of Nigeria showed on Wednesday.…
Facebook Respond To Privacy Concern, To Shut Down Facial Recognition
Scandal-hit Facebook is shutting down its long-criticized facial recognition system and deleting scan data on a billion people, it said…
NIPC Announce $8.99 Billion Investment With Lagos State Topping The List With 81 Percent
The Nigerian Investment Promotion Commission (NIPC) said it tracked $8.99 billion as investment announcements in the third quarter of 2021…
Microsoft Announces Mesh For Microsoft Teams
Microsoft is launching Mesh for Microsoft Teams , a service that combines the AR/VR capabilities of Microsoft Mesh which allows…
Mark Zuckerberg Commented As Jay-Z Joins Instagram For The First Time
American rapper and music executive, Shawn Corey Carter, known professionally as Jay-Z, has joined one of the popular social media…
94 Percent Of Yearly Pharmaceutical And Medicinal Needs Importation Cost Africa At Least $16 Billion Loss
Pharmacists under the aegis of the Pharmaceutical Society of Nigeria (PSN), yesterday, said Africa loses at least $16 billion (N8.8…
Swiss Bank “Credit Suisse” Gain Got Hit By Major Litigation Charge
Credit Suisse has beaten analyst estimates for the third quarter, but took a hit from charges settling allegations of corruption…
Tencent Launch Three Own Made Chips
Tencent on Wednesday launched three chips it developed, marking the first time the Chinese internet giant has publicly spoken about…
U.S Tech Giant “Google” Amended Its Payment Policy For The First Time
Alphabet’s Google said on Thursday it plans to allow third-party payment systems in South Korea to comply with a new…
Indian Fintech “Paytm” Allocates $1.11 Billion Shares To Over 100 Investors
Ant Group-backed fintech firm Paytm said it has allocated shares worth 82.35 billion rupees ($1.11 billion) to more than 100…
Lenovo Report 65 Percent Profit in Q2
China’s Lenovo Group, the world’s biggest maker of personal computers, said that a global chip shortage remained a challenge even…
Nigerian Navy Sign Contract To Purchase Offshore Patrol Vessels
The Nigerian Navy yesterday signed a contract with a Turkish company, Messrs Dearsan Shipyard Limited for the purchase of 2…
Acceptance Of £20 And £50 Old Notes To End By December 31st: Deposit Money Banks
Deposit Money Banks in Nigeria have issued a deadline of December 31, 2021 for the acceptance of old £20 and…
JAMB Recorded N3.51 Billion As Part Of 3021 Operating Surplus
The Joint Admissions and Matriculation Board (JAMB) has remitted the sum of N3.51 billion to the national treasury as part…
NCC Engage Stakeholders On 5G Implementation In Nigeria
The Nigerian Communications Commission says it engage stakeholders this week on the Fifth Generation spectrum auction towards the implementation of…
E-Naira Is More Reliable Than Cryptocurrency: CBN
The Central Bank of Nigeria has said that the eNaira is more reliable than cryptocurrencies. The CBN Director of Corporate…