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Business
TotalEnergies To Empower 100 African Startups
TotalEnergies is gearing up to support 100 startup businesses across 32 African countries in the 4th edition of!-->…
NNPC, Natural Oilfield Services Begin Oil Production in Akwa Ibom
Nigerian National Petroleum Company Exploration and Production Limited (NNPCL) and Natural Oilfield Services!-->…
NGX lists N4.08bn AVA Infrastructure Fund
The Nigerian Exchange Limited has recently added the AVA Infrastructure Series 1 Fund, worth N4.08 billion, to its!-->…
National, state assemblies to spend N724bn in 2024
An analysis of the 2024 budgets of the National Assembly, state assemblies, and their agencies reveals a total!-->…
Labour Begins Nationwide Protests Against Electricity Tariff Hike
Organised labour is set to commence nationwide protests today over the recent electricity tariff hike and removal!-->…
IMF cautions FG against CBN Act amendment
The International Monetary Fund (IMF) has advised against proposed amendments to the Act establishing the Central!-->…
Nigeria spends $1.12 billion on servicing foreign debts in Q1 2024
Data from the Central Bank of Nigeria (CBN) reveals that Nigeria spent approximately 70% of its dollar payments in!-->…
SEC imposes N10m penalty for unauthorised security issuance
The Securities and Exchange Commission (SEC) has proposed new rules governing the issuance and allotment of!-->…
GTCO shareholders approve $750m capital raising plan
At Guaranty Trust Holding Company (GTCO) Plc's third Annual General Meeting, shareholders approved the!-->…
Tinubu Orders Completion of Inland Dry Ports Nationwide
President Bola Tinubu, represented by Sen. George Akume, has directed the swift completion of all unfinished!-->…
Uganda Named Top Investment Destination in Africa, Wins Award at Abu Dhabi…
At the Annual Investment Meeting (AIM) in Abu Dhabi, Uganda was awarded the top investment destination in Africa,!-->…
Nigeria Considers Reinstating Telecom Tax to Secure $750 Million World Bank Loan
Nigeria is contemplating reinstating a previously suspended telecom tax and other fiscal measures to secure a new!-->…
FG plans further VAT increase, new sharing formula
The presidential committee on fiscal policy and tax reforms has recommended an increase in the value-added tax!-->!-->!-->…
Transcorp Group records 1,475% profit before tax in Q1
Transnational Corporation Plc (Transcorp Group) announced a remarkable 1,475 percent growth in Profit Before Tax!-->…
Shell Discloses $1.09 Billion Payments to Government
The Managing Director and Country Chair of Shell Companies in Nigeria, Osagie Okunbor, has reaffirmed the!-->…
‘Automation Capable Of Transforming Governance In Nigeria’
Melanie Ayoola, the Group Executive Director of Tranter IT, highlighted the potential of technology to!-->…
US eyes curbs on China’s access to AI software behind apps like ChatGPT
The Biden administration is considering plans to regulate the export of advanced AI models, such as ChatGPT, as!-->…
CBN Updates List of Deposit Money Banks, Grants International Authorization to…
The Central Bank of Nigeria (CBN) has released an updated list of deposit money banks and other financial!-->…
Microsoft African Development Centre in Lagos May Shut Down Operations
There are indications that Microsoft may close its African Development Centre (ADC) in Lagos, Nigeria. While there!-->…
Access Holdings Directors Vested with Shares Worth N427.13m
Eight directors of Access Holdings, including the acting Group Chief Executive Officer, Bolaji Agbede, and!-->…
Binance Accuses Nigerian Govt Of Demanding $150m Bribe
The Nigerian government has pledged to continue its pursuit of a criminal case against cryptocurrency platform!-->…
NLC Rejects CBN’s Cybersecurity Levy on Electronic Transfers
The Nigeria Labour Congress (NLC) has vehemently rejected the recent directive by the Central Bank of Nigeria!-->…
UBA Records 110% Rise in Gross Earnings to N570.2bn
United Bank for Africa Plc (UBA) has reported a remarkable 110% Year-on-Year (YoY) increase in gross earnings to!-->…
Jumia Slashes Operating Losses by 71% in Q1 2024, Reports Revenue Growth
Africa's leading e-commerce group, Jumia, has significantly reduced its operating losses by 71% year over year to!-->…
Aliko Dangote Foundation and WEF Announce 2024 Young Global Leaders Fellows
The Aliko Dangote Foundation (ADF) and the World Economic Forum (WEF) have unveiled the gifted individuals!-->…
ECOWAS Agrees to Establish $2.4 Billion Counter-Terrorism Force
The Economic Community of West African States (ECOWAS) has announced plans to establish a standby!-->…
Shell Pays $1.09 Billion in Taxes and Royalties to FG
Shell has disclosed that it paid a total of $1.09 billion in corporate taxes and royalties to the Federal!-->…
FBNBank Ghana changes to FirstBank Ghana to align with group identity
FBNBank Ghana has announced its name change to FirstBank Ghana, aligning with the identity, values, and vision of!-->…
GoSolr to enhance solar-generation capacity in South Africa
GoSolr, a South African company, plans to increase its solar-generation capacity to 500 megawatts in the next four!-->…
Apple Unveils M4 Chip for iPad Pro
Apple introduced its latest chip, the M4, designed to excel in artificial intelligence tasks, in the iPad Pro!-->…