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Category: Local

Amazon’s Cashierless Just Walk Out Technology Comes To Houston Astros’ Major League Baseball Stadium
Local

Amazon’s Cashierless Just Walk Out Technology Comes To Houston Astros’ Major League Baseball Stadium

Amazon announced today will bring its cashier-free checkout technology, Just Walk Out, to a Major League Baseball stadium for the…

byakintundeApril 14, 2022April 14, 2022
Nurse-Assisting Robotics Firm Diligent Raises $30M
Local

Nurse-Assisting Robotics Firm Diligent Raises $30M

Nursing shortages were a problem well before our hospitals were rocked by a pandemic. Two years in and overloaded systems…

byakintundeApril 14, 2022April 14, 2022
WhatsApp Permitted To Extend Payments Service To 100 Million Users In India
Local

WhatsApp Permitted To Extend Payments Service To 100 Million Users In India

The payments body that oversees the popular UPI (Unified Payments Interface) instrument, approved WhatsApp to extend its payments service to…

byakintundeApril 14, 2022April 14, 2022
Google Quietly Launches Its Awaited ‘Switch To Android App On IOS
Local

Google Quietly Launches Its Awaited ‘Switch To Android App On IOS

In 2021, Google was developing a “Switch to Android” app for iOS users looking to make the jump from iPhone…

byakintundeApril 14, 2022April 14, 2022
Better.com Said To Be Planning Third Round Of Layoffs
Local

Better.com Said To Be Planning Third Round Of Layoffs

Digital mortgage company Better.com is gearing up for another round of layoffs, multiple sources with knowledge of internal happenings at…

byakintundeApril 14, 2022April 14, 2022
Digital Bank Umba Raises $15M, Plans To Expand Into Three New African Markets
Local

Digital Bank Umba Raises $15M, Plans To Expand Into Three New African Markets

There’s no shortage of digital banks in Nigeria and, in general, in Africa. As the region continues to experience rapid…

byakintundeApril 14, 2022April 14, 2022
Central Bank Of Nigeria Begins RT 200 Rebate Payment To Exporters This Week
Local

Central Bank Of Nigeria Begins RT 200 Rebate Payment To Exporters This Week

The first disbursement of rebates to exporters under the RT 200 policy of the CBN commences this week. According to…

byakintundeApril 12, 2022April 12, 2022
DLM Gets CBN’s Nod On Microfinance Banks Acquisition
Local

DLM Gets CBN’s Nod On Microfinance Banks Acquisition

DLM Capital, a development investment bank, has received the final approval of the CBN for its acquisition of Links Microfinance…

byEkeminiApril 12, 2022April 12, 2022
46% of Firms Increased Prices in March
Local

46% of Firms Increased Prices in March

Stanbic IBTC has revealed that 46% of private enterprises in Nigeria increased the selling prices of their products and services…

byEkeminiApril 12, 2022April 12, 2022
Clearing Agents Plans Strike As Custom Slam 15% Levy On Imported Vehicles
Local

Clearing Agents Plans Strike As Custom Slam 15% Levy On Imported Vehicles

CLEARING agents operating in the nation’s maritime sector may withdraw their services following the reintroduction of a 15% National Automotive…

byEkeminiApril 12, 2022April 12, 2022
We’ll Crash Wheat Price With 2.7Million MT Production, Says Nigerian Government
Local

We’ll Crash Wheat Price With 2.7Million MT Production, Says Nigerian Government

FG on Monday said it would crash the price of wheat in Nigeria with the production of 2.7 million metric…

byEkeminiApril 12, 2022April 12, 2022
Russia-Ukraine War: EU Imports 40% Of Nigeria’s Gas, Demands More
Local

Russia-Ukraine War: EU Imports 40% Of Nigeria’s Gas, Demands More

According to the European Union ambassadors on Monday, at least 40% of NLNG was exported to Europe and this calls…

byEkeminiApril 12, 2022April 12, 2022
Russia-Ukraine War Creating Highly Volatile Oil Market, Says OPEC
Local

Russia-Ukraine War Creating Highly Volatile Oil Market, Says OPEC

THE ongoing war by Russia in Ukraine is making the global oil market highly volatile, OPEC declared on Monday. Speaking…

byEkeminiApril 12, 2022April 12, 2022
MTN Gets Final Approval To Operate Payment Service Bank
Local

MTN Gets Final Approval To Operate Payment Service Bank

CBN has granted Momo PSB Limited final approval to commence operations. According to the statement signed on Monday by Uto Ukpanah, company’s…

byEkeminiApril 12, 2022April 12, 2022
European Union Freezes Assets Of Sberbank, Its Boss, Putin’s Daughters
Local

European Union Freezes Assets Of Sberbank, Its Boss, Putin’s Daughters

The E.U freezes the assets of the boss of Russia’s top lender Sberbank, Vladimir Putin’s two daughters, and more oligarchs.…

byEkeminiApril 11, 2022April 11, 2022
GTCO Shareholders Endorse N3 Dividend Payment
Local

GTCO Shareholders Endorse N3 Dividend Payment

Shareholders of Guaranty Trust Holding Company (GTCO) have unanimously endorsed the payment of a total dividend of N3 per share…

byEkeminiApril 11, 2022April 11, 2022
Banks Fixed Deposit Rates Rise To 6.6%
Local

Banks Fixed Deposit Rates Rise To 6.6%

Interest rates on fixed deposit accounts rose to an 18-month high of 6.61 percent in February, indicating increased demand by…

byEkeminiApril 11, 2022April 11, 2022
Nigerian Government Targets 500MW From Mini-Grids, Blames Collapse On Sabotage
Local

Nigerian Government Targets 500MW From Mini-Grids, Blames Collapse On Sabotage

FG expects more than 500MW of electricity from interconnected mini-grids to be developed by the Rural Electrification Agency. FG blamed…

byakintundeApril 11, 2022April 11, 2022
Nigeria’s Non-Oil Exports Fall By 39%, Dollar Shortage May Worsen
Local

Nigeria’s Non-Oil Exports Fall By 39%, Dollar Shortage May Worsen

Nigeria’s non-oil exports have fallen by 39% from N6.914tn to N4.194tn in10 years, according to an analysis of the National…

byEkeminiApril 11, 2022April 11, 2022
E-payments Rise By 45%, N55tn Transferred In Two Months
Local

E-payments Rise By 45%, N55tn Transferred In Two Months

According to data from the Nigeria Inter-Bank Settlement System portal, about N54.98tn was processed through Nigeria’s electronic channels in the…

byakintundeApril 11, 2022April 11, 2022
Weak Digital Economy Hindering Nigeria, Other’s Growth – World Bank
Local

Weak Digital Economy Hindering Nigeria, Other’s Growth – World Bank

The World Bank has advised Nigeria and other African countries to focus on digital development as too many of Africa’s…

byakintundeApril 11, 2022April 11, 2022
Lekoil Files Winding Up Petition, Says Shareholders’ Interest Protected
Local

Lekoil Files Winding Up Petition, Says Shareholders’ Interest Protected

Lekoil Nigeria Limited has filed a petition in the Grand Court of Cayman Island Court to request a its “Just…

byakintundeApril 11, 2022April 11, 2022
CBN Finances 5 Large-Scale Agric Projects With N19.15bn
Local

CBN Finances 5 Large-Scale Agric Projects With N19.15bn

In line with its economic diversification blueprint, the Central Bank of Nigeria (CBN) released N19.15 billion to finance 5large-scale agricultural…

byakintundeApril 11, 2022April 11, 2022
Shareholders Approve New Capital Raising For Custodian Investment
Local

Shareholders Approve New Capital Raising For Custodian Investment

Shareholders of Custodian Investment Plc have authorized the board of the company to raise additional capital as part of its…

byakintundeApril 11, 2022April 11, 2022
Nigeria Generates $868m From Gas Export In 2021
Local

Nigeria Generates $868m From Gas Export In 2021

The NNPC has revealed that the country recorded about $868.5 million or N361.43 billion from gas export in 2021. The…

byakintundeApril 11, 2022April 11, 2022
NNPC Seeks Special Courts To Prosecute Oil Thieves, Others
Local

NNPC Seeks Special Courts To Prosecute Oil Thieves, Others

The Group MD of the Nigerian National Petroleum Company Limited, Mele Kyari, has shown the House of Representatives Committee on…

byakintundeApril 8, 2022April 8, 2022
Shareholders Lament As Nigerian Government Takes Over Unclaimed Dividend Trust Fund
Local

Shareholders Lament As Nigerian Government Takes Over Unclaimed Dividend Trust Fund

Strong indications emerged yesterday that the Federal Government of Nigeria may have finally taken over the management of the Unclaimed…

byakintundeApril 8, 2022April 8, 2022
State Seeks To Cut Car Prices With VAT, Excise duty Scrap
Local

State Seeks To Cut Car Prices With VAT, Excise duty Scrap

The government is set to exempt locally assembled passenger cars from Value Added Tax and excise taxes. This is a…

byEkeminiApril 8, 2022April 8, 2022
Why Dollar Scarcity Persists In Africa, By IMF
Local

Why Dollar Scarcity Persists In Africa, By IMF

The International Monetary Fund (IMF) has explained why dollar scarcity persists in emerging economies, especially sub-Saharan Africa. In an emailed…

byEkeminiApril 8, 2022April 8, 2022
Currency In Circulation Falls By N42.43bn In Two Months
Local

Currency In Circulation Falls By N42.43bn In Two Months

CURRENCY in circulation fell by N42.43bn between January and March, figures obtained from the Central Bank of Nigeria have revealed.…

byEkeminiApril 8, 2022April 8, 2022

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