FG to disclose ChatGPT practice code, among others.
According to the National Information Technology Development Agency, work on the Nigeria Code of Practice on the usage of ChatGPT…
Month: June 2023
Shipowners start the application process for the $700 million vessel fund.
It was announced on Monday by the Nigerian Indigenous Shipowners Association of Nigeria that applications for the $700 million Cabotage…
Shareholders urge banks to lower regulatory penalty.
Investors have urged financial institutions to cooperate with authorities in order to lower the fines and other fees that are…
MPs open the public hearing on the conflict and privatization measures
Two measures that are part of the terms of the Sh139 billion soft loan the National Assembly obtained from the…
Operations of Binance in Nigeria are now prohibited, according to the SEC.
The Securities and Exchange Commission (SEC) ruled that Binance’s operations in Nigeria were unlawful. Any Nigerian who trades on Binance…
Sesame exports from Nigeria show slight growth.
Sesame seed exports from Nigeria have been ranging between 140,000 and 180,000 tonnes for a while. According to data from…
BUA: Increasing Cement Production in Nigeria
Obinna Chima talks on the additional $500 million that BUA Cement Plc has secured for the expansion of its manufacturing…
NNPCL directs marketers regarding refunds and new prices
A new circular from the Nigerian National Petroleum Company Limited outlines the prices oil merchants will pay for petroleum goods.…
Venture-backed Expensya purchased in a trade sale.
The Tunisian-born but Paris-based Expensya will be acquired by Medius, a Swedish business cost management company, for an unknown sum.…
Investors supporting Helium Health’s Series B include AXA IM Alts.
Helium Health, an African startup that offers healthcare providers and public health organizations software-as-a-service tools, funding, and insights, has secured…
Transform Health Fund holds its first closure under AfricInvest management.
The pan-African Transform Health Fund (THF), which is run by AfricInvest, has closed its first $50 million round of financing,…
Strategic Partnership between Bopa Moruo, RMB Ventures, and Aurex Constructors.
Aurex Constructors, RMB Ventures, and Bopa Moruo form a strategic alliance to build a stronger future. June 2023, Johannesburg, South…
Report: Product taxes increase by 112% and cost N3 trillion.
Total product taxes in the economy increased by 112.02 percent, from N1.43 trillion in 2019 to N3.03 trillion in 2022,…
Experts: The FG’s FX Unification Policy Will Deepen the Capital Market and Attract FDIs.
The federal government’s FX unification strategy has been praised by experts in the Nigerian financial services industry, who emphasize that…
Binance Operations in Nigeria have been Deemed Illegal by the SEC and the US Commission.
In an effort to make Binance’s operations in Nigeria illegal, the Securities and Exchange Commission (SEC) has joined the United…
NPA Unveils Two Tug Boats for Port Security and Trade Facilitation.
The Nigerian Ports Authority (NPA) has put two newly purchased bollard pull tug boats into service in an effort to…
Savannah Energy Reports a 26% Revenue Increase to $290.4 million.
Savannah unveiled its first renewable energy project, a 250 MW wind farm in Niger called Parc Eolien de la Tarka,…
Banks Continue to Maintain Ratio at Above 30% Despite Liquidity Crunch.
Deposit Money Banks (DMBs) operating in Nigeria reported varied Liquidity Ratio (LR) over the statutory level in the 2022 financial…
Nigeria at Geneva for the International Labor Conference, along with others.
Participants from Nigeria’s three tripartite systems of government, employers’ organization, and organized labor are among the 187 member states taking…
The Telecom Industry makes for N2.508 trillion of Nigeria’s GDP.
In the first quarter of 2023, Nigeria’s telecoms and information services industry contributed a magnificent N2.508 trillion (or 14.13 percent)…
Marketers: 800 gasoline tankers were converted to supply gas.
In order to dispense compressed natural gas to automobiles that run on gas, oil marketers are now changing some of…
NBS: Exports of Manufactured Goods Fall by 40%.
The value of traded manufactured goods fell by a staggering 40% in Q1 2023, according to the National Bureau of…
Nigeria and Other Countries Reportedly Hinder Africa’s GDP Growth by 65%.
According to McKinsey, Nigeria, Egypt, and South Africa were to blame for 65% of the decline in Africa’s GDP. The…
Prof-taking Continues as Stock Market Drops by N37 billion
The Nigerian Exchange Limited (NGX) stock market was dominated by profit-taking investors as capitalization extended losses for a second straight…
United Nigeria Airline Plans to Expand its Fleet and Regional Operations.
The management of United Nigeria Airlines Limited has announced ambitions to grow the size of its fleet and extend service…
In 2023, IATA Forecasts Increased Airline Profitability.
IATA, the International Air Transport Association, has raised expectations for 2023 and voiced optimism for increased airline industry profitability in…
The Success of NAHCO Is Due to Efficient Management
Mr. Indranil Gupta, Group Managing Director of the Nigerian Aviation Handling Company Plc (NAHCO), credits the company’s success and the…
Senior Customs Officers Call on FG to Stop Disputed 3.2 million Modernization Project
Senior members of the Nigeria Customs Service (NCS) have pleaded with President Bola Tinubu to halt the divisive $3.2 billion…
427,962 Nigerians Abroad Receive NIN.
In May 2023, 25.17 percent of Nigerians living abroad have National Identification Numbers. Since the National Identity Management Commission began…
Nigeria’s Oil Output Drops Below 1 million Barrels Per Day – Report.
According to a report from the Organization of the Petroleum Exporting Countries, Nigeria’s crude oil output has fallen below 1…