Microsoft offers cloud customers AMD alternative to Nvidia AI processors
Microsoft is giving cloud computing customers a new option for powering artificial intelligence (AI). They’re offering chips made by AMD,…
Day: May 17, 2024
Electricity: Most DisCos are technically insolvent— NERC
During the 8th Africa Energy Market Place 2024 in Abuja, the Chairman of the Nigerian Electricity Regulatory Commission (NERC), Engr.…
Olukoyede: Some youths trading crypto unaware they’re being used to fund terrorism
Ola Olukoyede, Chairman of the Economic and Financial Crimes Commission (EFCC), raised concerns about the unwitting involvement of some youths…
FAAC Disburses N1.2trn Revenue To FG, States, LG For April
During the May 2024 meeting of the Federation Accounts Allocation Committee (FAAC), Nigeria disbursed a total of N1,208.081 billion in…
FIRS falls short of N4.8trn target, generates N3.94trn in Q1
The Federal Inland Revenue Service (FIRS) did not meet its tax revenue target for the first quarter of 2024, collecting…
Atedo Peterside Criticizes Government’s N90 Billion Hajj Subsidy
Atedo Peterside, the founder of Stanbic IBTC Bank, has criticized the federal government’s decision to provide a N90 billion subsidy…
Concerns Rise as Dollar Reaches N1,533.99 in Official Market
Nigerians are increasingly worried as the dollar reached N1,533.99 in the official market, creating uncertainty about the country’s economic stability.…
Emirates Returns To Nigeria After 25 Months
Emirates, the flag carrier of the United Arab Emirates (UAE), will resume daily flight services between Lagos and Dubai starting…
Tax Burden Threatening Participation In AfCFTA – MAN
The Manufacturers Association of Nigeria (MAN) has raised concerns about the impact of multiple taxation on the operations of manufacturers…
Customs Board Confirms Appointment Of 5 DCGs, 8 ACGs
The Nigeria Customs Service Board (NCSB) has announced the appointment of five Deputy Comptrollers-General (DCGs) and eight Assistant Comptrollers-General (ACGs)…
Tinubu Pledges Support For Local Manufacturers
The federal government is committed to creating a conducive environment for local manufacturers and small-scale producers to conduct business profitably…
Weststar Unveils the Luxurious Mercedes-Benz GLS Facelift in Nigeria
In a move to redefine luxury SUVs, Mercedes-Benz Nigeria, through Weststar Associates Limited, has unveiled the much-anticipated GLS Facelift. This…
8 banks pay N200bn as income tax in Q1’24
In the first quarter of 2024 (Q1’24), eight commercial banks in Nigeria collectively paid a total of N200.19 billion in…
Deployment of CNG pumps rises 233% — Pi-CNG
The deployment of dispensing pumps for Compressed Natural Gas (CNG) in Nigeria has experienced a remarkable surge of 233 percent…
Crypto Exchanges Delist Naira from Peer-to-Peer Trading Platforms, SEC Confirms
The Securities and Exchange Commission (SEC) announced yesterday that crypto exchanges have initiated the delisting of the Naira from Peer-to-Peer…
Morgan Stanley Joins Major US Banks with $269 Million Investment in Bitcoin ETFs
Morgan Stanley, one of the top banking firms in the United States, has disclosed its investment of $269 million in…