Technology World China Regulator Calls To Protect Minors Against Pornography January 24, 2022 akintunde China’s State Administration for Market Regulation has called to strengthen protection of minors against food products containing hints of pornography marketed as ‘internet celebrity snacks,’ according to a notice from…
Business Local Nigeria: Eko Electricity Distribution Company Appoints New Chairman January 24, 2022 akintunde The Eko Electricity Distribution Company (EKEDC) has announced the appointment of Oritsedere Otubu as its new Chairman, to consolidate on its N11 billion monthly revenue. Otubu replaced the pioneer Chair…
Africa Business Investing Local QED Investors Hires Two Investment Professionals To Boost Africa Plans January 24, 2022 akintunde QED an investment firm based in Alexandra, Virginia in the United States of America announced that it has recruited two Nigerians, Gbenga Ajayi as Partner in charge of African investments…
Business Investing Local Market Nigeria Stock Exchange Investors Gain N840bn In A Week January 24, 2022 akintunde Investors in the Nigerian stock market saw the worth of their shares rise by N840bn last week as 47 firms recorded price appreciation. The All-Share Index of the Nigerian Exchange…
Local World Bank And African Development Bank Approved The Sum Of $2.83Bn To Nigeria In 2021 January 24, 2022 akintunde The World Bank and the African Development Bank approved a total sum of $2.83bn to Nigeria in 2021, It has been learnt. However, the financing is not limited to the…
Local Technology CBN Place Telecommunication Sector On Forex Priority List January 24, 2022 akintunde The deployment of fifth generation technology has got a boost from the Federal Government. Federal government through the Central Bank of Nigeria has placed the telecommunication sector on the priority…
Local Nigeria: Dangote Record $1.3 Billion Fortune Boost January 24, 2022 akintunde Aliko Dangote recorded a boost of as much as $1.3 billion in his fortune in the year to January 21, a period that was a blessing to investment for shareholders…
Local File tax returns before Jan 31 or risk sanctions, orders Lagos January 23, 2022 akintunde The Lagos State Internal Revenue Service has given firms based in the state till January 31, 2022, to file their annual tax returns or risk penalties for late payment. The…
Local Trade Nigeria’s import bill rose to $8.92bn in nine months – Report January 23, 2022 akintunde Nigeria’s total import bill for jan-sep 2021 rose to $8.92bn from $4.29bn in the same period of 2020. Dr Biodun Adedipe an economist and Chief Consultant, disclosed this while presenting…
Local MTN Awaits SEC Approval To Announce Offer Result, Share Allotments January 23, 2022 akintunde MTN Nigeria Plc said it is waiting for approval from Securities and Exchange companies SEC to announce the offer result and share allotments. Uto Ukpanah MTN secretary said the announcement…
Local Foreign direct investment Into Africa Grew By 147 Percent In 2021 January 22, 2022 akintunde Foreign direct investment (FDI) into Africa showed a strong rebound in growth of 147 percent to an estimated $97 billion compared with $39 billion in 2020. The United Nations Conference…
Africa Local FG urges private sector to maximise AfCFTA January 22, 2022 akintunde The Federal Government has called on the Nigerian private sector to maximize the African Continental Free Trade Agreement. The Minister of Industry, Trade and Investment, Otunba Niyi Adebayo, made the…
Africa Investing Local IMF set to launch $50bn lifeline for Nigeria, others January 22, 2022 akintunde The International Monetary Fund is set to launch a $50bn trust fund for low-income and vulnerable middle-income countries. The initiative is to help them build resilience to balance off payments…
Local DMO Record N139 Billion Oversubscribed Jan 2022 FGN Bond January 22, 2022 akintunde Nigeria’s Federal Government bond issuance for the month of January 2021, by the Debt Management Office (DMO) recorded an oversubscription of N139 billion to stand at N214.1 billion despite only…
Business Local Technology Import And Export Operations Requires E-Invoice- CBN January 22, 2022 akintunde The Central Bank of Nigeria has said that all import and export operations will require the submission of an electronic invoice authenticated by the authorised-dealer banks on the Nigeria single…
Business Local Nigeria:OMLs Awarded To Addax Petroleum Has Been Revoked January 22, 2022 akintunde The Federal Government has revoked oil mining licences awarded to Chinese firm, Addax Petroleum, for the second time in less than 12 months. Oil Mining Licences (OMLs) 123, 124, 126…
Crypto Trade World Cryptocurrency Exchange”Crypto.com” Lost Over $30 Million To Hackers January 21, 2022 akintunde In a blog post published in the early hours of Thursday morning, cryptocurrency exchange Crypto.com acknowledged that the company had lost well over $30 million in Bitcoin and Ethereum after…
Local U.S. Senate Panel To Debate App Store Reform Bill January 21, 2022 akintunde A U.S. Senate panel is set on Thursday to debate a bill that aims to rein in app stores of companies that some lawmakers say exert too much market control,…
Business Local Technology World Nigerian Tech Startup, Touch And Pay, Joins The W22 Y Combinator Accelerator Programme January 21, 2022 akintunde Touch and Pay (TAP), a cowry card payment system, has now been listed in the W22 Y Combinator batch, bringing the number of tech startups with Nigerian origin on the…
Investing Local Market Capital Market Rose By N248 Billion January 21, 2022 akintunde The dominance of the bulls continued unabated for the third consecutive session, yesterday, as almost all the blue chip stocks recorded price appreciation, resulting in a further rise in market…
Local Technology Nigeria: Federal Inland Revenue Service To Prioritize Taxation Of Digital Economy January 21, 2022 akintunde The Federal Inland Revenue Service (FIRS) said it would give priority to the taxation of the digital economy this year. It added that it would deploy technological tools in assessing…
Business Opinion Technology World Indonesia Non-Government Islamic Organizations Issue Warning Against Crypto Use January 21, 2022 akintunde The Tarjih Council and the Central Executive Tajdid of Muhammadiyah, one of the largest non-government Islamic organizations in Indonesia, issued a new fatwa against cryptocurrency use, deeming it haram, or…
Local FG’s 2022 Budget Has 460 Duplicated Projects Worth N378.9b — BudgIT January 21, 2022 akintunde BudgIT, a foremost civic-tech organization leading the advocacy for transparency and accountability in Nigeria’s public finance, has called on the citizens, CSOs, private sector, and the international community to urgently…
Local Foreign Inflows Fall By 32%, UK, South Africa, Others Slash Nigeria Investments January 21, 2022 akintunde The Central Bank of Nigeria has disclosed that capital importation into the country fell by 32 per cent to $500m in October 2021, from $660m recorded in September. The CBN…
Technology World International Airlines Cancel Flights To US Over 5G January 21, 2022 akintunde It’s strange that 5G will cause interference, says telcos International airlines are beginning to cancel scheduled flights to most cities in the Unites States over fear of 5G network interference…
Africa Local Nigeria To Partner Egypt On Technical Support For Power Transmission January 20, 2022 akintunde The Federal Government has announced plans to partner Egypt in the areas of technical support in the transmission and distribution of electricity in Nigeria. The Minister of Power, Abubakar Aliyu,…
Technology World WeTransfer Owner WeRock Seeks $714-813 Million Valuation In IPO January 20, 2022 akintunde The company that owns the WeTransfer file service will be valued at between 629 million and 716 million euros ($714-813 million) at its initial public offering (IPO) in Amsterdam this…
Business Technology World Amazon Set To Open It’s First Apparel Store January 20, 2022 akintunde The first Amazon Style store, located in the Los Angeles suburb of Glendale, Calif., will open its doors later this year, the company announced Thursday. The store will feature women’s…
Business Market World 10-Year U.S. Treasury Yield Rise Above 1.83 Percent January 20, 2022 akintunde The sudden spike in the 10-year U.S. Treasury yield eased on Thursday morning, with it rising slightly to hover above 1.83%. The yield on the benchmark 10-year Treasury note added…
Africa Local Market Dangote Oil Refinery To Reduce Importation Of Petroleum Products By 36 Per cent January 20, 2022 akintunde The African Petroleum Producers Organisation (APPO) has said that Dangote Oil Refinery would reduce importation of petroleum products production into the continent by as much as 36 per cent. Besides,…
