MTN Nigeria Launches RCS Business Messaging With Google, Dotgo
MTN Nigeria is all set to launch RCS Business Messaging (RBM) Services in partnership with Google and Dotgo. Dotgo is…
Category: Local
Nigeria To Replace Identity-Slips With Digital Tokens
The Nigerian Government has announced that it would replace its National Identification Number (NIN) with a suite of digital Tokens.…
Petrol Subsidy Rises, Hits N1.16tn In 11 Months
The amount spent on subsidising Premium Motor Spirit, popularly called petrol, rose to N1.16tn between January and November this year,…
One Million Nigerians, Under 24, Died Over Healthcare, Socioeconomic Problems 2020 – Report
About one million Nigerians under the age of 24 died in 2020 due to healthcare challenges in the country. Estimates…
FG Rakes In N2.56tn From Petrol, Kerosene, Diesel Sales In 13 Months
The Nigerian National Petroleum Company Limited on Wednesday announced that it earned N2.56tn revenue from the sale of white products…
Chinese Companies Embark On A Metaverse Trademark Race
In spite of the metaverse and nonfungible tokens (NFTs) warning issued by People’s Bank of China’s (PBOC) in November, more than…
World Bank Loans Nigeria $700m For Water Supply, FG Blames States
The Federal Government has secured a $700m loan from the World Bank for specific water projects in the country, the…
Foreign Investors Withdraw N173.32bn From Stock Market
Foreign investors pulled out a total of N173.32bn from the Nigerian stock market from January to October, official data obtained…
Nigeria Loses N499.32bn As Twitter Ban Hits 200 Days
Nigeria’s economy has lost N499.32bn to the shutdown of Twitter since it came into effect on June 4, 2021. The…
Investors Record N260bn Weekly Gain As 32 Stocks Rise
Investors in the Nigerian stock market gained N260bn as 32 firms saw their share prices rise at the end of…
Online Learning Platform Raises $3.5m Pre-Seed Funding
Edukoya, an online learning platform, says it has raised $3.5m in pre-seed round to enable its live launch in 2022.…
Google Announces Investment In Tech Startup
Google has announced its first investment from its Africa Investment Fund in SafeBoda, a tech firm that operates in Nigeria…
Foreign Telcos To Pay $0.045 To Terminate Calls In Nigeria
Foreign telecommunications companies, telcos who wish to terminate calls to their counterparts in Nigeria, will now have to pay a…
Togo, Benin, Niger Paid Nothing For Nigeria’s Power Supply, Says NERC
The Nigerian Electricity Regulatory Commission has said the Republic of Benin, Niger Republic and Togo made no payment for the…
Nigeria’s External Reserves Fall By $440m In Two Weeks
The nation’s external reserves fell by $440m in two weeks from $41.15bn at the start of this month, figures obtained…
CBN Approves Appointment Of Ahmad Abdullahi As FBNH Chairman
The Central Bank of Nigeria (CBN) has approved the appointment of Ahmad Abdullahi as non-executive director and chairman of First…
FBN Holdings Notifies NGX, Investors Of Remi Babalola’s Resignation
FBN Holdings Plc has officially notified the Nigerian Exchange Ltd and the investing public of the resignation of Remi Babalola,…
Naira Slides Ahead Of Yuletide, Exchange For 570/Dollar
The naira continued its downward trend as the dollar was sold for N570 in the parallel market on Tuesday. Some…
Paxful Launch Gift Card Hub
Paxful has launched a gift card hub as a one-stop shop for trading gift cards on its platform. According to…
Fintech Firm Unveils Budgeting Solution
Fintrak Limited, an indigenous software development and financial technology firm, has launched a budgeting solution, called ‘FinTrak Budget Planning &…
World Bank Rolls Out N329.53bn Cash Transfer Programme
The World Bank is rolling out an $800m (N329.53bn at official exchange rate) facility designed to fund a large-scale Conditional…
Access Bank’s Shareholders Approve Proposed Holdco Structure
Shareholders of Access Bank Plc have given the nod for the bank to proceed with its proposed restructuring into a…
FG To Stop Customs From Revenue Collection
The Federal Government has proposed a legislative framework that would stop the Nigerian Customs Service (NCS) from revenue collection, saying…
We’ve Uncovered Fresh $72.8m Linked To Diezani – EFCC
The Economic and Financial Crimes Commission (EFCC) says it has discovered a fresh sum of $72.87 million allegedly linked to…
Uber looking to sell Didi, China market has little transparency, CEO says
Uber Technologies Inc (UBER.N) is looking to sell stakes in non-strategic assets, including its stake in Didi Global Inc, based…
Jack Dorsey Appoints Three Nigerians And A South African To Head Bitcoin Trust Fund Board
Twitter founder, Jack Dorsey, has appointed three Nigerians and one South African to act as the board of his Bitcoin…
FG Approves €62m To Procure Transformers For Siemens Power Project
The federal executive council (FEC) has approved $1.9 million and €62.9 million for phase one of the presidential power initiative…
Reps approve fresh $5.8bn loan, $10m grant for FG
On Tuesday, the House of Representatives approved external borrowings amounting to $5,803,364,553.50 and a grant of $10,000,000 for the Federal…
Africa should be exempted from zero-carbon emissions target’
PUTTRU Technologies Limited has said Nigeria and other African countries should be exempted from the net-zero carbon emissions target of…
FG generated N86bn from TSA in 10 months – Minister
The Honorable minister of Minister of Finance, Budget and National Planning Her excellency Zainab Ahmed, has said the Federal Government…