Customer Complaints Surge by 117% in Nigerian Banks Amidst Challenges
The number of complaints lodged by customers in five Nigerian banks has surged by 117% to reach 6,865,217 year-on-year as…
Day: October 13, 2023
Microsoft’s Acquisition of Activision Set to Proceed Following UK Regulatory Approval
After a nearly two-year endeavor, Microsoft’s acquisition of gaming giant Activision has received approval from the U.K.’s Competition and Markets…
Voyager Crypto Faces Ban and Legal Action Following False FDIC Claims
After reaching a settlement with the Federal Trade Commission (FTC), Voyager, a bankrupt cryptocurrency company, is permanently prohibited from managing…
Sony to Invest $10 Million in Early-Stage Entertainment Startups in Africa
Sony Group’s entertainment division has announced plans to invest $10 million in early-stage entertainment startups across Africa. This investment will…
FBN Holdings Seeks Approval for ₦139 Billion Capital Raise Through Rights Issue
FBN Holdings Plc, a Nigerian financial services group, has applied for approval from the Nigerian Exchange Limited (NGX) to raise…
Central Bank of Nigeria Removes Forex Restrictions on 43 Items
The Central Bank of Nigeria (CBN) has lifted foreign exchange restrictions on 43 items, allowing importers to purchase foreign exchange…
EKEDC Assures Refund to Meter Scheme Participants
The Eko Electricity Distribution Company (EKEDC) has announced that customers who paid for meters under the Meter Asset Provider (MAP)…
Setbacks in African Tech Startups Impact Investor Confidence
The closure of several once-promising startups in the African tech ecosystem, including fintechs Payday and Dash, and genomics company 54gene,…
Central Bank of Nigeria Lifts Restrictions on 43 Prohibited Items, Aims to Strengthen Naira
The Central Bank of Nigeria (CBN) has granted approval for the importation of 43 items previously prohibited from accessing foreign…
Export Expansion Grant Backlogs and Bureaucracy Hamper Nigeria’s Revenue Diversification Efforts
The Export Expansion Grant (EEG), Nigeria’s primary incentive scheme for exporters, has faced challenges including corruption allegations and a lack…