China Seeks Better Cross-Border Control Of Big Data With New Plan
China’s Ministry of Industry and Information Technology (MIIT)called for improved cross-border security management of big data till 2025, in a…
Day: November 30, 2021
Jos Electricity Laments N115bn Owed By Consumers
The Managing Director, Jos Electricity Distribution Plc, Engr. Hashim Ibrahim Bakori has said post-paid customers across the company’s franchise states…
Nigeria, Others Seal $42.1 Billion Trade Deals At IATF
Nigeria and other African countries sealed trade-related investment deals worth $42.1 billion at the recently concluded second Intra-African Trade Fair…
Nigeria To Benefit From $4.7tr Digital Service Export Market
The National Information and Technology Development Agency (NITDA) and Nigerian Export Promotion Council (NEPC) have forged an alliance that could…
NGX Reopens Negative As Capitalisation Slumps By N20 Billion
Transactions on the Nigerian Exchange Limited (NGX) reopened on a downward note yesterday, occasioned by losses in many blue-chip stocks,…
Data Suggest Forex Market Getting Out Of Shock
Notwithstanding the rattle by the newest variant of COVID-19, Omicron, which has raised fresh uncertainty, data and economists see near-term…
AfDB Postpones 2021 Africa Investment Forum Over Omicron COVID-19 Variant Concerns
The African Development Bank (AfDB) has postponed the 2021 Africa Investment Forum until further notice over rising global travel restrictions due to…
HashiCorp Aiming For $13 Billion Valuation In IPO, According To Updated Prospectus
Cloud software vendor HashiCorp updated its IPO prospectus on Monday, disclosing plans to sell shares at a price that would value the…
Hong Kong Falls Nearly 3% As Asia Stocks Fall Amid Renewed Uncertainty Over Omicron Covid Strain; Oil Drops 3%
Shares in Asia-Pacific mostly fell on Tuesday afternoon as investors in the region continued to track developments surrounding the omicron…
PIA: Natural Gas Price Rises By 50 Cents For Cement, Other Companies
The Domestic Base Price (DBP) of natural gas for heating has risen by half a dollar (50 cents) for cement,…
Banks’ Earnings Hit N2.64tn In Nine Months – Reports
Nine banks made a gross earning of N2.64tn in the first nine months of 2021 according to data collated from…
BMW Unveils High-Performance XM Hybrid Electric Concept Vehicle Ahead Of U.S. production
BMW on Monday evening unveiled a new high-performance concept vehicle that previews an electrified crossover expected to begin production late next…
Dangote Refinery To Become Highest Employer Of Chemical Engineers
The National President of the Nigeria Society of Chemical Engineers has revealed that Dangote Oil Refining Company will be the…
Twitter Has Accepted All Our Conditions – FG
The Federal Government says Twitter has agreed to all the conditions it laid out for its operations in Nigeria. The…
ByteDance Backs Dubai Startup Building Logistics Chain to China
TikTok parent ByteDance Ltd. has invested in Dubai-based iMile Delivery LLC as part of the first major fundraising by the courier…
Seplat Energy Announces Plan To Acquire Exxon’s Shallow Water Assets
Seplat Energy, Nigeria’s largest listed oil and gas firm by market value, has announced that it is in competitive discussion…
China Enshrines Ride-Hailing Curbs In Another Blow To Didi
China issued its most comprehensive set of guidelines yet governing the growth and expansion of its ride-hailing industry, dealing a fresh…
NCC To Conduct 5G Trial Thursday
The Nigerian Communications Commission says it is set for the second trial of 5G in Nigeria. According to the commission,…
Shock As Jack Dorsey Twitter CEO Steps Down
Jack Dorsey Twitter CEO steps down from his duty as the company’s CEO. Dorsey, 45, who is also the CEO…
Nigeria’s Exchange Rate Strategy Discourages Investors, increases Inflation – World Bank
The World Bank says the Nigerian government’s exchange rate management policies are discouraging investments and fuelling inflation in the country…
FG’s Capital Market Debt Servicing Gulps N2.18tn In 10 Months – Reports
Servicing of debts acquired through instruments issued by the Federal Government in the Nigeria capital market totaled N2.18tn as of…