Nigeria, others miss oil production targets as disruptions persist
The Organization of the Petroleum Exporting Countries and its allies continue to underperform their increasingly lofty oil production targets. With…
Author: akintunde
French Startup Alma Raises €115M to fund Expansion Across Western Europe
French buy-now-pay-later platform Alma raised 115 million euros ($131 million) in equity funding as it seeks to speed up its…
Telcos begins NIN verification as Galaxy Backbone downtime continues
As the NIMC portal continues to experience downtime due to a technical glitch, telecom companies have resumed SIM verification services.…
CBN to stop forex sale to banks by December targets $200bn non-oil exports
The Central Bank of Nigeria has revealed that it will stop the sale of foreign exchange to Deposit Money Banks…
NNPC, Sahara Group, Edo begin 16.7km Edo road project
The Nigerian National Petroleum Company together with one of its joint ventures partners, Engaged Resources Limited flagged off a 16.7-kilometre…
US Appeal Court Permits Nigeria To Request Documents From P&ID Stakeholders
A US court of appeals for the second circuit has overturned orders which blocked Nigeria from obtaining documents to support…
UN Seek $1.1 Million To Aid Displaced Persons In Northern Nigeria
The United Nations is requesting for the sum of $1.1 million to aid displaced persons living in the northern part…
We Will Tell Them Don’t Come To Central Bank For Foreign Exchange Again: CBN To Banks
The Central Bank of Nigeria (CBN) has indicated that it would discontinue the sale of foreign exchange to Deposit Money…
Nigeria President Order That Importers Of Contaminated Fuel Be Held Accountable
President Muhammadu Buhari has ordered that those responsible for importing petrol with higher than normal amounts of methanol, which caused…
Google Breached Antitrust Law, Russia’s FAS Says
Russia’s Federal Antimonopoly Service (FAS) on Thursday said Alphabet’s. Google had breached antitrust law related to suspending and blocking accounts…
Facebook Asks Nigerian Customers To Update Records By Feb 25
Meta, the parent company of Facebook, says Nigerian customers should update their value-added tax (VAT) identification numbers by February 25.…
Oyo seals IBEDC, says DISCO owes N400m
Ibadan Electricity Distribution Company Management has said it cut power supply to the Oyo State Secretariat over the issue of…
PepsiCo, Coke Revenues Surge On Higher Prices, Inflation Casts Shadow
PepsiCo Inc and Coca-Cola Co trounced Wall Street estimates for quarterly revenue on Thursday, supported by recent price increases and…
Bitfinex Hack: FBI Nabs Couple Over $4.5 Billion Stolen Crypto
The Federal Bureau of Investigation has arrested and charged Ilya Lichtenstein and Heather Morgan with conspiracy to launder stolen cryptocurrency.…
Coca-Cola Beats Quarterly Revenue Estimates
Coca-Cola Co reported quarterly revenue on Thursday that beat analysts’ estimates, helped by higher prices for its soft drinks and…
CBN N50 Billion COVID-19 Loan: Nigerians React To NIRSAL’s Call For Repayment
The management of NIRSAL Microfinance Bank has requested for the payback of COVID-19 loans secured by many entrepreneurs across Nigeria…
Uganda To Pay $325 Million As Reparations To Congo
The International Court of Justice has ordered Uganda to pay $325 million in compensation to the Democratic Republic of Congo…
Who Wants To Be A Millionaire?: UP, Payattitude, Payarena, Hope PSBank Unveiled As New Sponsors
The ace TV game show Who Wants To Be A Millionaire? on Sunday unveiled the new sponsors for Series 2- …
Prioritise interest of investors’ — SEC tells capital market operators
Director-general of the securities and exchange commission Amid Yuguda says there is a need for capital market operators to prioritise…
China Hopes U.S. Will Remove Tariffs, End Sanctions To Create Conditions For Trade
China hopes the United States will remove additional tariffs on Chinese goods and end its sanctions and crackdowns as soon…
CITN expresses commitment to grow taxation
The CITN President Adesina Adedayo has said the institute is committed to expanding taxation in the country. Adedayo said this…
Cristiano Ronaldo Is Now Making £1.7m Per Instagram Post
Superstar footballer, Cristiano Ronaldo , with over 400 million followers on Instagram, is now the most followed person on the…
Ukraine Strategist Predicts How Oil Will Hit $120 Per Barrel
Oil will “certainly” hit $120 a barrel and the global economy will be “radically altered” if Russia invades Ukraine, veteran…
Elon Musk and Jeff Bezos, each gained $3.5 billion in a day
Elon Musk and Jeff Bezos, have seen their wealth jump on the back of strong gains despite concerns that the…
Nigerian Insurers Association Paid Over #11 Billion For 2020 Loss Claim
The Nigerian Insurers Association (NIA) says insurers paid over N11 billion as claims for losses suffered during the 2020 #EndSARS…
Maxam Ghana Agrees To Pay $1Million Fine Imposed On The Company
Maxam Ghana Limited has agreed to pay the US$1 million fine imposed on the company, as well as comply with…
Kenya Treasury Drops Plan To Inject Sh1 Billion Into Smes
The Treasury has dropped plans to inject Sh1 billion into President Uhuru Kenyatta’s plan to derisk access to credit for…
United States’ DoJ seizes $3.6 billion worth of Bitcoin from 2016 Bitfinex hack
The Department of Justice in the United States announced arrests and seizures of $3.6 billion worth of Bitcoin. The arrest…
Telecoms union gives MTN 14-day ultimatum to address workers’ welfare
Telecom trade union have issued a 14-day ultimatum to MTN Nigeria Telecommunications to address issues on workers welfare or face…
Subscribers groan as Galaxy Backbone battles portal breakdown
Telecommunication subscribers have continued to lament their inability to retrieve lost Subscriber Identity Module or get a new SIM card…