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 Plan for achieving net-zero emissions. President Muhammadu Buhari made this…
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, Nigerians have queried if the data is a true reflection…
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 the National Economic Council (NEC) meeting presided over by Vice…
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 them in terms of wealth. According to UK Sun, the…
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 in ransomware attacks that left them smarting from hefty payouts.…
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 for the company and its agriculture value chain development in…
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. The Managing Director of the bank, Kayode Pitan, noted that…
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 banking and industrial stocks suffered declines. The NGX All-Share Index…
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 Facility is now being processed by the Central Bank of…
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 of 1,000 women in Alausa, Ikeja. The company said the…
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 saying the economy’s growth was hit by high unemployment, inflation…
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 percent to reach $589 billion in 2021. The return to…
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 boost the export of products made on the continent. According…
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 depot price is projected to increase from N159/litre to N165/litre,…
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, according to data from the National Bureau of Statistics. The…
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 record low of 10.98 against the dollar, but pared some…
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 Detroit automaker and New York-based chip supplier on Thursday announced…
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 further innovation among technology startups, with the launch of N50…
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 review of power tariff. This came as the Federal Government…
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 statement quoted by Bloomberg. The sale-and-lease back transaction covers 5,709…
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 company. After factoring in energy and hosting costs, the breakeven…
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 it sports a $13 billion valuation after taking on $200…
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 crackdown on its technology companies weighed on results. Here’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. N26′s 500,000 American customers will no longer be able to…
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 willing to accept a new COVID-19 testing agreement. In March,…
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 limit anti-competitive practices in the digital economy, the Financial Times…
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 public on Guangzhou Automobile Group’s Ontime ride-hailing app by next…
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 that marks one of the biggest licensing deals struck by…
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 holds the prospect of generating trillions of buck annually…
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 other countries “as Countries of Particular Concern for having engaged…