World IMF asks CBN to stop waivers for banks May 10, 2024 0 The International Monetary Fund (IMF) has advised the Nigerian government against proposed amendments to the Act!-->…
Local NPA Introduces E-tags for Improved Cargo Delivery May 10, 2024 0 The Nigerian Ports Authority (NPA), in partnership with Truck Transit Parks Limited (TTP), has initiated the!-->…
Banking IMF cautions FG against CBN Act amendment May 10, 2024 0 The International Monetary Fund (IMF) has advised against proposed amendments to the Act establishing the Central!-->…
Local Reps ask Shettima, NDPHC to revive Gbarain power plant in Bayelsa May 10, 2024 0 The House of Representatives has called on Vice President Kashim Shettima, who chairs the Board of the Niger Delta!-->…
Business Nigeria spends $1.12 billion on servicing foreign debts in Q1 2024 May 10, 2024 0 Data from the Central Bank of Nigeria (CBN) reveals that Nigeria spent approximately 70% of its dollar payments in!-->…
Business SEC imposes N10m penalty for unauthorised security issuance May 10, 2024 0 The Securities and Exchange Commission (SEC) has proposed new rules governing the issuance and allotment of!-->…
Business GTCO shareholders approve $750m capital raising plan May 10, 2024 0 At Guaranty Trust Holding Company (GTCO) Plc's third Annual General Meeting, shareholders approved the!-->…
Business Tinubu Orders Completion of Inland Dry Ports Nationwide May 10, 2024 0 President Bola Tinubu, represented by Sen. George Akume, has directed the swift completion of all unfinished!-->…
Africa Uganda Named Top Investment Destination in Africa, Wins Award at Abu Dhabi… May 10, 2024 0 At the Annual Investment Meeting (AIM) in Abu Dhabi, Uganda was awarded the top investment destination in Africa,!-->…
Business Nigeria Considers Reinstating Telecom Tax to Secure $750 Million World Bank Loan May 10, 2024 0 Nigeria is contemplating reinstating a previously suspended telecom tax and other fiscal measures to secure a new!-->…
World Canada fines Binance $4.38 mln for money laundering violations May 10, 2024 0 Canada's anti-money laundering agency, FINTRAC, has imposed a fine of almost C$6 million on cryptocurrency!-->…
investment NCC Partners with Nokia to Train Nigerian Youths on 4G/5G Technologies May 10, 2024 0 The Nigerian Communications Commission (NCC) has entered into a Memorandum of Understanding with Nokia Solutions!-->…
Local SEC Unveils Stricter Rules on Private Companies’ Securities Issuance and… May 10, 2024 0 The Securities and Exchange Commission (SEC) has introduced new regulations governing the issuance and allotment!-->…
Local Olufowose replaces Hassan-Odukale as First Bank chairman May 10, 2024 0 FBN Holdings has confirmed the departure of Mr. Tunde Hassan-Odukale as Chairman of First Bank of Nigeria Limited!-->…
Local TikTok Adopts Technology to Label AI-Generated Content May 9, 2024 0 TikTok announced plans to implement "Content Credentials," a technology developed by Adobe, to label images and!-->…
Local Airbnb Shares Drop Over 8% Pre-market on Weak Q2 Forecasts May 9, 2024 0 Airbnb shares (ABNB.O) plummeted more than 8% in pre-market trading on Thursday following disappointing!-->…
Local U.S. Overtakes China as Germany’s Top Trading Partner in Q1 2024 May 9, 2024 0 According to Reuters' calculations based on official data from the German statistics office, the United States has!-->…
Local Australian Tax Office Targets Crypto Traders for Tax Compliance May 9, 2024 0 The Australian Tax Office (ATO) is making moves to ensure people trading cryptocurrencies pay their taxes. They've!-->…
Local Nigerian biotech startup becomes first African lab to offer liquid biopsy to… May 9, 2024 0 A Nigerian biotech startup called Syndicate Bio has teamed up with SophiaGenetics, a company specializing in!-->…
Local West African CEOs Express Concerns Over Local Economic Decline May 9, 2024 0 The PwC Annual Global CEO survey for West Africa reveals that over half of CEOs in the region expect their local!-->…
Local Tinubu assures US of enhanced power supply through Nigeria’s abundant gas… May 9, 2024 0 President Bola Tinubu, represented by Minister Yusuf Maitama Tuggar, has pledged improved power supply in Nigeria,!-->…
Local African Diaspora Union Seeks Citizenship Rights, Visas on Arrival Support from… May 9, 2024 0 The Africans in Diaspora Development Union (AFRIDU) has approached Nigeria's Ministry of Interior seeking!-->…
Local Disney and Warner Bros. Discovery to Launch Streaming Bundle with Disney+, Hulu,… May 9, 2024 0 Disney and Warner Bros. Discovery have announced plans to introduce a streaming bundle featuring Disney+, Hulu,!-->…
Local ACMAN deems 0.5% cybersecurity levy ill-timed amid financial inclusion efforts May 9, 2024 0 The Association of Capital Market Academics of Nigeria (ACMAN) has voiced apprehension regarding the timing of the!-->…
Local CBN extends suspension of processing fees on large cash deposits to September 2024 May 9, 2024 0 The Central Bank of Nigeria (CBN) has prolonged the suspension of processing fees on significant cash deposits!-->…
Local Airtel incurs $1.7 billion in foreign exchange loss over currency devaluation in… May 9, 2024 0 Airtel Africa's fiscal year 2024 financial report reflects a $1.7 billion loss attributed to currency devaluations!-->…
Business FG plans further VAT increase, new sharing formula May 9, 2024 0 The presidential committee on fiscal policy and tax reforms has recommended an increase in the value-added tax!-->!-->!-->…
Commodities Nigeria Plans Full Operation of Two Refineries by End of 2024 May 9, 2024 0 Senator Ifeanyi Ubah, Chairman of the Senate Committee on Petroleum (Downstream), announced plans for two!-->…
Business Transcorp Group records 1,475% profit before tax in Q1 May 9, 2024 0 Transnational Corporation Plc (Transcorp Group) announced a remarkable 1,475 percent growth in Profit Before Tax!-->…
Currency Naira Depreciates by 4.60% at Official Market, Trades at N1,416.57 to Dollar May 9, 2024 0 The Nigerian naira experienced depreciation at the official market, with the exchange rate reaching N1,416.57 to!-->…