Awosika Is Appointed Matron By An NGO
The Chairman of Access Bank and Honourable Consul to Czech Republic, Dr. Mrs Ajoritsedere Awosika, has been appointed matron and adviser to Eko Inspires Me Academy project, a not-for-profit initiative…
Meta Provides Consumer Behavior Data on Nigerians To Help Marketers
The average daily production of reels in Nigeria grew by more than 4% during the week after Eid and the week before Eid, according to the research report. The study…
Travel Agencies Should Give Foreign Airlines Discounted Rates.
Mr. Yinka Ladipo, the Chief Executive Officer of Dart Logistics Limited and Finance Secretary of the National Association of Nigerian Travel Agents, has urged international airlines operating in Nigeria to…
Oil Production Has Increased To 1.6 Million Barrels Per Day, According To NNPCL
Nigeria’s oil production surged to 1.6 million barrels per day, according to the Nigerian National Petroleum Corporation Limited, falling only a few million barrels short of the 1.8 million barrels…
New Automobile Product From Mikano
Changan Auto, a brand-new product from Mikano Motors, has entered the Nigerian car industry. In response to the success of the Geely brand, Ralph Haidar, General Manager of Mikano Motors,…
Gunshots And Explosions Shake Rivers Radio And TV Stations
In Ozuoba, in the Obio/Akpor Local Government Area of Rivers State, gunmen assaulted a prominent radio station, Wish FM 99.5, and the Atlantic Television Network on Tuesday night. They used…
NRC’s Insistence On Cash Transactions Causes Passengers To Complain
The Nigerian Railway Corporation has insisted on cash payment for its operations despite the deployment of cashless payment systems across many regions of the nation, particularly for fares along its…
CBN: IMF Requests A Review Of The 2007 Act
To increase the bank’s autonomy and governance, the International Monetary Fund has advocated for a revision of the Central Bank of Nigeria Act 2007. The CBN Act of 2007 is…
Lagos Launches Aerial Mapping
A Cessna 406 aircraft has been used by the Lagos State administration to map the state from the air.The effort, which was intended to provide a digital mapping platform, was…
Fuel Queues Likely to Reappear in Nigeria Due to Supply Shortage.
Leading oil marketers said that NNPCL depots, which supply private depots across the nation, ran out of supplies over the weekend as a result of oil marketers snatching up the…
BuuPass Raises $1.3M to Expand Africa’s Mobility Sector Digitization.
In Kenya, the bulk of operators, particularly those in the road transportation industry, still insists that customers physically book tickets at their offices even when making advance travel arrangements. Booking…
Meta Will Test A Monthly Subscription Service For $11.99
In an effort to support the growth and community building of content producers, Meta Platforms (META.O) said that it is piloting a monthly subscription service called Meta Verified. Users will…
Cleantech Qotto Launches Growth Strategy with $8M Investment.
The IBL group, a $1 billion conglomerate with operations in a number of industries, including energy, financial services, logistics, distribution, and engineering, led a Series A equity-debt round in which…
China Demand Optimism And Supply Forecast Worries, Cause Oil To Climb.
Optimism about China’s demand rebound, worries that underinvestment could constrain future oil supplies, and major producers maintaining output limitations all contributed to an increase in oil prices. Around 7:20 GMT,…
FG Estimates That Inaccurate Measuring Causes 40% Of Oil Losses.
According to the Federal Government, measurement errors—not theft—are to blame for about 40% of the quantities of crude oil losses in Nigeria’s petroleum sector. It was said that the Nigerian…
Investors in stocks suffer a loss of N281 billion in a single week.
At the close of last week’s trading on the floor of the Nigerian Exchange Limited, stock investors lost N281 billion. The market capitalization and NGX All-Share Index declined by 0.96…
Conflicts Between The FG And States Regarding Salary Reviews
Oluwarotimi Akeredolu, the governor of Ondo State and head of the Southern Nigeria Governors’ Forum, recently spoke out against the federal government’s practice of capping the wages and benefits of…
LCCI Tells FG That Rising Inflation Will Make Poverty Worse.
The prolonged increase in the overall price level in recent years has weakened some people’s purchasing power, the Lagos Chamber of Business and Industry has cautioned. In a press release…
IFC, DEG, Yellowwoods, and Others Backed Naked’s Series B.
A South African insurtech firm called Naked Insurance has acquired $17 million in Series B funding led by the International Finance Corporation. Naked Insurance assists customers in insuring their vehicles,…
The APC And Bank CEOs Work Quickly To Fix The Naira Crisis.
In a last-ditch effort to resolve the lingering cash crisis that has thrown the entire country into turmoil, governors elected on the platform of the All Progressives Congress on Sunday…
Group’s Investments are Brought Together Under the New Axian Units.
Axian Group has revealed a new investment division intended to support Africa’s early-stage tech businesses. Axian Investment, the newly created division, will be in charge of managing the group’s new…
Returning and New Investors Support Smile’s Series B $20m Round.
In an expanding fintech market like that of Africa, the significance of KYC and identity verification cannot be overstated. Strict regulatory standards are required as dozens of financial institutions serve…
Buhari Instructs Nigeria’s Central Bank to Give Emirates Additional Cash.
The central bank in Nigeria has been instructed by Nigerian President Muhammadu Buhari to boost the amount of foreign currency allocated to Dubai’s Emirates after the airline halted operations to…
Nigerian Inflation Continues in January, Spurred by Food Prices.
According to its statistics office, Nigeria’s inflation resumed in January and reached 21.82% in annual terms. This increase was mostly caused by greater food inflation. Before falling to 21.34% in…
Members of the US Congress want to Stop the $1 billion Nigerian Weapons Purchase.
Following revelations of an illegal abortion program and the targeted slaughter of infants by the Nigerian military, two members of the U.S. House of Representatives Foreign Affairs Committee urged President…
President Buhari Grants a 60-day Extension to Turn in Outdated Currency.
President Muhammadu Buhari of Nigeria granted the go-ahead for the central bank to add another 60 days to the deadline for turning in outdated banknotes after cash shortages fueled unrest…
French Agency And BoI Agree To A Funding Of €2.5 Million.
A funding deal for €2.5 million has been agreed between the Bank of Industry and the French Development Agency to combat climate change in Nigeria. The statement recalled the signing…
Wema Bank Supports SMEs In Enugu
According to Wema Bank Plc, it intends to provide small and medium-sized businesses in Enugu with the necessary information and skills to help them grow. In a release, the bank…
NIPC Intends To Draw More International Investment.
According to the Nigerian Investment Promotion Council, initiatives are being made to make Nigeria a popular place to invest. This was said at the stakeholder engagements conducted in Abuja by…
The 2023 NCC Innovative Competition Is Won By A Tech Startup.
Following its selection as the winner of the third annual Nigerian Communications Commission Information and Communications Technology Innovation Competition and Exhibition, the ICT mobility firm Nairaxi has successfully coasted to…