Browsing Category
Local
Import And Export Operations Requires E-Invoice- CBN
The Central Bank of Nigeria has said that all import and export operations will require the submission of an…
Nigeria:OMLs Awarded To Addax Petroleum Has Been Revoked
The Federal Government has revoked oil mining licences awarded to Chinese firm, Addax Petroleum, for the second…
U.S. Senate Panel To Debate App Store Reform Bill
A U.S. Senate panel is set on Thursday to debate a bill that aims to rein in app stores of companies that some…
Nigerian Tech Startup, Touch And Pay, Joins The W22 Y Combinator Accelerator…
Touch and Pay (TAP), a cowry card payment system, has now been listed in the W22 Y Combinator batch, bringing the …
Capital Market Rose By N248 Billion
The dominance of the bulls continued unabated for the third consecutive session, yesterday, as almost all the blue…
Nigeria: Federal Inland Revenue Service To Prioritize Taxation Of Digital Economy
The Federal Inland Revenue Service (FIRS) said it would give priority to the taxation of the digital economy this…
FG’s 2022 Budget Has 460 Duplicated Projects Worth N378.9b — BudgIT
BudgIT, a foremost civic-tech organization leading the advocacy for transparency and accountability in Nigeria’s…
Foreign Inflows Fall By 32%, UK, South Africa, Others Slash Nigeria Investments
The Central Bank of Nigeria has disclosed that capital importation into the country fell by 32 per cent to $500m in…
Nigeria To Partner Egypt On Technical Support For Power Transmission
The Federal Government has announced plans to partner Egypt in the areas of technical support in the transmission…
Dangote Oil Refinery To Reduce Importation Of Petroleum Products By 36 Per cent
The African Petroleum Producers Organisation (APPO) has said that Dangote Oil Refinery would reduce importation of…
Nigeria: FEC Approves N56.2 Billion For Road Construction
The federal executive council (FEC) has approved contracts worth N56.2 billion for the construction of…
Naira depreciates as banks shift BTA/PTA rates to N419 per dollar
The value of the Nigerian naira depreciated by 1.5 percent as banks shifted personal travel allowance (PTA) and…
Oracle Opens Data Centre In South Africa
Oracle, a cloud infrastructure firm, says it has opened a data centre in South Africa — its first cloud region in…
Nigerian Food-Tech Startup “Orda”Raises $1m In Pre Seed Round
Orda, a Nigerian food-tech startup, says it has raised a pre-seed round capital of $1.1 million to expand its…
Nigeria: Tinubu, Alpha Beta Ex-MD Considers Out-Of-Court Settlement
A former Managing Director of Alpha Beta Consulting, Dapo Apara, the All Progressives Congress leader, Bola Tinubu;…
Oil Hit Highest Price Since 2014
Oil jumped to a seven-year high early on Tuesday, a day after Yemeni Houthis attacked targets in the United Arab…
Nigeria: President Buhari to unveil CBN rice pyramids
President Buhari will unveil one million pyramid-shaped sacks of rice paddy in Abuja today.
The pyramids which…
After eight months of decline, Nigeria’s inflation rate rises to 15.63%
After eight months of decline, Nigeria’s headline inflation rate rose to 15.36% in December 2021, from 15.50%…
Parallex transforms from microfinance to commercial bank
Parallex Bank says it has officially transitioned from a microfinance institution to a commercial bank.
The bank…
Insurance firms’ assets hit N2.09tn amidst recapitalisation suspension
The insurance sector’s total assets have risen by N228.24bn in 15 months despite the suspension of the National…
NGX reopens bearish as losses in 22 stocks drag indices by N29bn
Nigerian Exchange Limited NGX resumed trading for the week on a downturn yesterday, as losses in 22 stocks dragged…
Twitter Expand Test Feature For Flagging Misleading Content To Brazil, Spain And…
Twitter Inc said on Monday it will expand its test feature which allows users to flag misleading content on its…
Chinese E-Commerce Giant JD.Com Sets Challenge To Amazon With First ‘Robotic…
Chinese e-commerce giant JD.com has opened two retail stores in the Netherlands that it says will be manned…
FG records N307.49bn revenue shortfall in four months
According to data obtained from CBN, the Federal Government recorded a revenue shortfall of N307.49bn from July to…
Ronchess Global Resources Plc. Restructures Company Board
Following a successful listing on the Nigerian Exchange on January 12, 2022, Ronchess Global Resources Plc notified…
AgDevCo sells commercial farm to Ghanaian agribusiness
BFC is a 356 hectare irrigated commercial farm developed by AgDevCo from greenfield. The project was a proof of…
Verdant holds first close for hybrid capital Fund
Hybrid Fund initially has $36 million of committed capital Support for micro, small and medium-sized enterprises…
FinDev makes commitment to Triple Jump-managed energy fund
FinDev Canada and its 2X Canada facility have announced that it would be donating $13 million to the Energy…
‘Obscene inequality’: Oxfam says taxing the world’s richest could help save lives
According to a report titled “Inequality Kills” by new Oxfam, The pandemic has made the rich richer while the…
Twitter Spaces To Allow Users Record Sessions
Twitter Spaces, a feature that allows users to host or take part in live audio conversations on the platform, will…