Zoom Plans To Fire 1,300 Employees.
The business that makes the video conferencing app Zoom has revealed intentions to lay off 1,300 employees. The decision was made owing to the “uncertainty of the global economy” and…
Petrol and Naira Crisis: TUC Gives FG 7-day Deadline.
The Federal Government has been given a seven-day deadline by the Trade Union Congress of Nigeria (TUC) to find a long-term solution to the fuel shortage and the newly designed…
By 2025, Nigeria may become Africa’s Largest Oil Refiner – Report.
According to research, Nigeria might by 2025 become the largest oil-refining hub in Africa. This information was provided in a recently released report by the Pan-African financial research firm Hawilti…
Nigerians in Need Receive N16.8 billion in Cash Assistance from the Government.
Since the CCT program’s launch in 2016, the federal government has given over N16.8 billion in grants and conditional cash transfers to over two million Nigerians. A total of 2,295,325…
ILO Predicts 208 million People will be Unemployed Worldwide.
According to ILO projections, there would be 208 million unemployed people worldwide in 2023, a little increase of about 3 million. This, according to the UN agency, would reverse the…
IMF Advises Nigeria to Extend the Deadline for Banknote Swaps.
Nigeria should take into account extending a deadline for exchanging old banknotes, according to the International Monetary Fund, given the interruptions to trade and payments caused by a lack of…
Kenya Power will Switch 2,000 Vehicles to Electric in 4 Years.
Over the next four years, Kenya Power, the country’s main power supplier, plans to convert 2,000 of its gasoline- and diesel-powered cars and trucks to electric power. The decision is…
Microsoft Packs Bing Search Engine
At a press conference at the company’s headquarters in Redmond, Washington, Microsoft CEO Satya Nadella said, “This technology is going to change pretty much every software category.” The firm currently…
NDIC Reaffirms Commitment to Safeguarding Mfbs Customers
In order to improve failure resolutions, the National Association of Microfinance Banks Unified Information Technology (NAMBUIT) is being actively promoted by the corporation’s managing director and chief executive officer, Mr.…
Banks Close Locations Due To Customer Assaults
This happened the day after the Lagos State Police Command warned that some groups were preparing to start violence in the state as a result of the dearth of naira.…
Turkey Earthquake, Death Tolls Near 10,000
Families in southern Turkey and Syria endured a second night in the bitter cold as overworked rescuers hurried to extricate survivors from the wreckage two days after a devastating earthquake…
Due To Biometric Violations, JAMB Cancels The Registrations Of 817 Applicants.
Due to biometric violations discovered during the fingerprint capture process, the Joint Admissions and Matriculation Board (JAMB) has stated that 817 individuals’ registrations for the 2023 Unified Tertiary Matriculation Examination…
Utilization Of Drones Is Taught To Urban Planners In Lagos
The Lagos State Government began a two-week training program for 50 town planners on how to use drones to effectively monitor encroachment on private property and other nefarious activities. Abimbola…
CEO Use Technology To Advance Youth Empowerment
John Obaro, the Group Managing Director of SystemSpecs Holdings, has stated that young people need to be educated on how to use technology to benefit society. At a roundtable discussion…
Due To Lack Of Naira, Sterling Bank Waives Transaction Costs.
All personal account transaction fees have been abolished, according to Sterling Bank, as a show of support for its clients amid the recent naira scarcity issue. Abubakar Suleiman, the chief…
Breaking: IPMAN Orders Members to Halt Operations and Shutdown Fueling Facilities.
According to reports, the Independent Petroleum Marketers Association of Nigeria (IPMAN), which represents oil marketers, has ordered its members to halt all activities nationwide. The Federal Government’s earlier threat to…
Nigeria FG Raised N742.56bn Sukuk Earnings to Finance Road Projects in Six Years.
In order to fund road improvements in the nation’s six geopolitical zones between 2017 and 2022, the federal government has thus far raised a total of N742.56 billion through sovereign…
LIRS Anticipates more Tax Revenue Income.
A memorandum of understanding was inked by the Federal Inland Revenue Service and the Lagos State Internal Revenue Service to enhance tax revenue generation. The agreement, according to the LIRS…
Centum Investment begins a Share Buyback.
Following the approval of its shareholders for the share repurchase exercise, Centum Investment Company Plc started its share buyback offer. The company that opened is anticipated to extend its offer…
FG Increases SUKUK Funds to N742.56bn For Road Projects.
The Federal Government, through Debt Management Office (DMO), has raised N742.56 billion via Sovereign Sukuk for the construction and rehabilitation of roads across the country. “These have deepened the market,…
Tanzania: A Crucial Dry Port is about to Start Operating.
The Coast Region’s Kwala Dry Port is finally scheduled to open this month, which is a significant development that will relieve pressure on the Dar es Salaam harbor. The only…
Microsoft is Examining into the Outlook Outage as Users Experience Problems.
Users in North America were having difficulties accessing, sending, or searching emails on the platform, and Microsoft Corp. announced that it was looking into the matter. According to Downdetector.com, which…
500 MW Power To Be Supplied To National Grid By Second Quarter.
GE Gas Power has said it is looking forward to pushing close to 500 megawatts (MW) of additional power into the national electricity grid by the second quarter of this…
Finance Minister Tells Retirees Ghana Debt Swap Deal Is Beneficial.
In an effort to complete a domestic debt exchange, the beleaguered government of Ghana in West Africa told a group of protesting retiree bondholders that they were being given a…
Nigerian States Contest the Deadline for Central Bank Cash Swaps.
In order to avoid problems before elections later this month, three states in Nigeria have petitioned the nation’s highest court to stop the federal government and central bank from discontinuing…
CBN Proposed To Fine Banks Hoarding New Naira Note.
The Central Bank of Nigeria may fine banks hoarding new notes a sum of N5m and members of the public selling the new notes N50,000. This was based on the…
Oil Revenue Reduces By N500bn In January
A total of 37.2 million barrels were shipped in January, down below the 49.6 million predicted if it had exported 1.6 million barrels per day. Nigeria’s Bonny Light oil grade…
Vantage’s Fourth Mezz Fund Surpasses its Goal at Final Close.
Africa’s largest mezzanine fund manager, Vantage Capital, said the final close of its fourth mezzanine fund had been successful. The fact that Vantage has been successful in raising $377 million…
British International Investment Appoints Chijiutomi to Oversee Operations in Africa.
Chris Chijiutomi was appointed as MD, Head of Africa, according to a statement from British International Investment (BII). Chijiutomi, who was previously the MD and Head of Infrastructure Equity at…
MNT-Halan now has Unicorn Status after the most Recent Funding Round.
MNT-Halan, an Egyptian fintech startup, has raised $400 million in a capital round, including $140 million in securitized bond issuances and $260 million in equity financing. The majority of the…