Nigeria’s 2060 Net-zero Projection
For Nigeria, it was revealed that the nation plans to zero out carbon emissions by 2060 through its Energy Transition…
Month: November 2021
EXPLAINER: Prices Are Going Up But Inflation Rate Is Dropping — What’s The Magic?
On Monday, the National Bureau of Statistics (NBS) released its monthly inflation report for October. Since NBS released the report,…
Buhari Okays N656.11bn Fresh Bailout For 36 States
President Muhammadu Buhari has approved a fresh N656.112billion Bridge Financing Facility to the 36 States. This was announced Thursday at…
Meet This 23-Year-Old Footballer Who Is Richer Than Messi, Ronaldo
Lionel Messi and Cristiana Ronaldo are in a class of their own but 23-year-old Faiq Bolkiah has been rated above…
Insurers Run From Ransomware Cover As Losses Mount
Insurers have halved the amount of cyber cover they provide to customers after the pandemic and home-working drove a surge…
AfDB Approves $150m To Support Agriculture In Africa
The African Development Bank Group has approved a $150m facility for ETC Group Limited to address the working capital requirements…
BoI Offers Funding Opportunities For Startups
The Bank of Industry has unveiled new funding opportunities for tech startups with creative solutions to problems faced by Nigerians.…
Investors Lose N33bn, Banking, Industrial Stocks Decline
Stock investors in the Nigerian Exchange Limited recorded a loss of N33.36bn at the end of trading on Thursday as…
FG To Begin Disbursement Of N655bn Bridge Financing
The Minister of Finance, Budget and National Planning, Zainab Ahmed, informed the National Economic Council on Thursday, that the Bridge…
Coca-Cola Empowers 1,000 Lagos Women
Coca-Cola Nigeria Limited has announced the completion of its women empowerment programme, tagged ‘Catalyst for change 2.0, with the graduation…
Experts Blame High Unemployment, Inflation as GDP falls to 4.03%
Nigeria’s recovery from the fallout of the COVID-19 pandemic slowed sharply in the third quarter of this year, with economists…
Nigeria Leads Africa With $18bn As Global Remittances Hit 7.3%
Nigeria again led the rest of Africa as remittances to low- and middle-income countries are projected to register a 7.3…
Obasanjo Advocates Made-in-Africa Brand
A former President of Nigeria, Chief Olusegun Obasanjo, has called for a special ‘Made-in-Africa’ brand to promote intra-African trade and…
Fuel Marketers Predict N170/litre, Claim Supply Drop, NNPC Disagrees
The pump price of Premium Motor Spirit, popularly called petrol, may rise from the current N162-N165/litre to N170/litre, while its…
Nigeria’s GDP Growth Fell To 4.03% In Q3 -NBS
The nation’s economy grew more slowly in the third quarter of the year than it did in the second quarter,…
Turkish Lira Hits All-Time Low Before Country’s Central Bank Meeting
The Turkish lira on Thursday continued its slide ahead of the country’s central bank meeting. The currency fell to a…
Ford Partners With GlobalFoundries To Increase Chip Supplies
Ford Motor plans to increase its short- and long-term supply of semiconductor chips through a new partnership with GlobalFoundries. The…
NCS To Boost Innovation Among Tech Startups With N50 Million
The Nigeria Computer Society (NCS), the umbrella body for all Information Technology (IT) practitioners in Nigeria, is set to spur…
FG Raises Power Tariff December, Begins Free Meters Purchase
Power consumers nationwide may start to pay more for electricity, following plans by the Federal Government to carry out a…
South Africa’s MTN, IHS In $410m Towers Deal
MTN Group Ltd. and IHS Holdings Ltd. agreed to a 6.4-billion-rand ($410 million) tower-deal in South Africa, according to a…
Bitcoin Needs To Drop 80% Before Marathon Loses Money On Mining
Bitcoin has a long way to drop before mining the digital token becomes unprofitable for North America’s largest crypto mining…
Text-Checking Software Maker Grammarly Is Worth $13 Billion In Latest Funding Round
Grammarly, a start-up whose software highlights issues as people write in its web app and other programs, said Wednesday that…
Alibaba Misses Expectations As Earnings Plunge 38% In The September Quarter
Alibaba on Thursday missed revenue and earnings expectations for the September quarter, as slowing economic growth in China and the country’s…
Germany’s $9 Billion Digital Bank N26 To Withdraw From The U.S.
German digital bank N26 is shutting down its U.S. operations, less than two-and-a-half years after it launched in the country.…
Emirates Could Return To Nigeria Under New Testing Agreement
The end of a travel ban between The United Arab Emirates (UAE) and Nigeria could happen if both countries are…
EU Lawmakers Agree On Rules To Target Big Tech- FT
European Union lawmakers have reached a deal on how to target big tech companies, as part of a move to…
China’s WeRide To Launch Robotaxis On GAC’s Ontime Ride-Hailing App
WeRide, a China-based autonomous driving startup, said on Thursday it plans to make its robotaxis available for booking by the…
Google Signs 5-Year Deal To Pay For News From AFP
Alphabet Inc’s Google will begin paying Agence France-Presse for its news content as part of broad five-year partnership announced Wednesday…
Nigeria To Exploit $10.5bn Potential In Shipping Industry
With its long coastline, unique location, large oil and gas deposit, large and growing population, among others, the Nigerian shipping industry…
US Removes Nigeria From Religious Violators’ List
The United States has removed Nigeria from its list of religious violators, even as it blacklisted Russia, China and eight…