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investment

Lagos Attracts $3 Billion Investment in Three Years Says Commissioner

May 9, 2024 0
Tunbosun Alake, the Commissioner for Innovation, Science, and Technology of Lagos State, announced at the 2024…
Local

African Steel Denies Reports of Ikorodu Factory Shutdown by SON

May 9, 2024 0
African Steel Limited has issued a statement debunking media reports alleging the shutdown of its Ikorodu Steel…
Business

Shell Discloses $1.09 Billion Payments to Government

May 9, 2024 0
The Managing Director and Country Chair of Shell Companies in Nigeria, Osagie Okunbor, has reaffirmed the…
Business

‘Automation Capable Of Transforming Governance In Nigeria’

May 9, 2024 0
Melanie Ayoola, the Group Executive Director of Tranter IT, highlighted the potential of technology to…
Business

US eyes curbs on China’s access to AI software behind apps like ChatGPT

May 8, 2024 0
The Biden administration is considering plans to regulate the export of advanced AI models, such as ChatGPT, as…
World

Futures muted as investors seek clues on US rate path

May 8, 2024 0
U.S. stock index futures showed little movement on Wednesday following a period of strong gains that propelled the…
Local

Amazon breaks into Europe 5G networks with Telefonica cloud deal

May 8, 2024 0
Telefonica Germany, a subsidiary of Spanish group Telefonica, plans to migrate one million 5G customers to Amazon…
Currency

Naira depreciates to N1,415/$ in parallel market

May 8, 2024 0
The Naira experienced depreciation against the US Dollar in both the parallel and Nigerian Foreign Exchange Market…
Banking

CBN Updates List of Deposit Money Banks, Grants International Authorization to…

May 8, 2024 0
The Central Bank of Nigeria (CBN) has released an updated list of deposit money banks and other financial…
Local

Petrol Scarcity in Lagos Sparks Frustration

May 8, 2024 0
The petrol scarcity in Lagos is causing frustration among motorists, who face long commutes and struggle to find…
Business

Microsoft African Development Centre in Lagos May Shut Down Operations

May 8, 2024 0
There are indications that Microsoft may close its African Development Centre (ADC) in Lagos, Nigeria. While there…
Banking

Access Holdings Directors Vested with Shares Worth N427.13m

May 8, 2024 0
Eight directors of Access Holdings, including the acting Group Chief Executive Officer, Bolaji Agbede, and…
Business

Binance Accuses Nigerian Govt Of Demanding $150m Bribe

May 8, 2024 0
The Nigerian government has pledged to continue its pursuit of a criminal case against cryptocurrency platform…
Business

NLC Rejects CBN’s Cybersecurity Levy on Electronic Transfers

May 8, 2024 0
The Nigeria Labour Congress (NLC) has vehemently rejected the recent directive by the Central Bank of Nigeria…
Local

EFCC Operatives Arrest Bureau De Change Operators, Encounter Resistance in Wuse…

May 8, 2024 0
Economic and Financial Crimes Commission (EFCC) operatives conducted arrests of Bureau De Change (BDC) operators…
Business

UBA Records 110% Rise in Gross Earnings to N570.2bn

May 8, 2024 0
United Bank for Africa Plc (UBA) has reported a remarkable 110% Year-on-Year (YoY) increase in gross earnings to…
Local

NOG Energy Week 2024 to Address Sub-Saharan Africa’s Energy Challenges

May 8, 2024 0
Stakeholders in the energy sector across Sub-Saharan Africa are gearing up to convene at the NOG Energy Week…
Local

CBN Relaxes Restrictions on Repatriation of Oil and Gas Export Proceeds

May 8, 2024 0
The Central Bank of Nigeria (CBN) has eased restrictions on the repatriation of oil and gas export proceeds by…
Business

Jumia Slashes Operating Losses by 71% in Q1 2024, Reports Revenue Growth

May 8, 2024 0
Africa's leading e-commerce group, Jumia, has significantly reduced its operating losses by 71% year over year to…
Technology

Microsoft and OpenAI Launch $2 Million Fund to Combat AI Misinformation

May 8, 2024 0
In a collaborative effort, tech giants Microsoft and OpenAI have announced the creation of a $2 million Societal…
Agriculture

AU Calls for $15 Billion Investment to Boost Local Fertilizer Manufacturing

May 8, 2024 0
The African Union (AU) has highlighted the need for a $15 billion private sector investment to enhance local…
Business

Aliko Dangote Foundation and WEF Announce 2024 Young Global Leaders Fellows

May 8, 2024 0
The Aliko Dangote Foundation (ADF) and the World Economic Forum (WEF) have unveiled the gifted individuals…
Africa

ECOWAS Agrees to Establish $2.4 Billion Counter-Terrorism Force

May 8, 2024 0
The Economic Community of West African States (ECOWAS) has announced plans to establish a standby…
Business

Shell Pays $1.09 Billion in Taxes and Royalties to FG

May 8, 2024 0
Shell has disclosed that it paid a total of $1.09 billion in corporate taxes and royalties to the Federal…
Africa

FBNBank Ghana changes to FirstBank Ghana to align with group identity

May 7, 2024 0
FBNBank Ghana has announced its name change to FirstBank Ghana, aligning with the identity, values, and vision of…
Energy

GoSolr to enhance solar-generation capacity in South Africa

May 7, 2024 0
GoSolr, a South African company, plans to increase its solar-generation capacity to 500 megawatts in the next four…
Business

Apple Unveils M4 Chip for iPad Pro

May 7, 2024 0
Apple introduced its latest chip, the M4, designed to excel in artificial intelligence tasks, in the iPad Pro…
Business

Disney’s surprise streaming entertainment profit offset by weaker TV…

May 7, 2024 0
Walt Disney's shares fell 8.5% in morning trading despite a surprise profit in its streaming entertainment…
Local

Prices of rice, garri, beef rise 27.4% in March – NBS

May 7, 2024 0
According to data from the National Bureau of Statistics (NBS), the average prices of rice, garri, and beef…
Banking

List of financial transactions exempted from 0.5% cybersecurity levy

May 7, 2024 0
In a circular signed by Chibuzor Efobi, the director of payments system management, and Haruna Mustafa, the…
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NIGERIA

Business

Afreximbank Leads $4 Billion Funding Boost for Dangote Refinery

Apr 1, 2026
Economy

President Tinubu Seeks Senate Approval to Raise 2026 Budget by N9 Trillion

Apr 1, 2026
Finance

Africa Loses $88 Billion Annually to Illicit Financial Flows – Edun Highlights Urgent Need for Fiscal Reforms

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Business

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World

Saudi warns of $50 oil if OPEC+ fails to honour cut deal

Oct 3, 2024

Walz, Vance clash at policy-heavy vice presidential debate

Oct 2, 2024

Refugees Contribute $124b To U.S. Economy

Oct 2, 2024
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