Tanzania shuts down Hydroelectric stations to manage excess electricity
Tanzania's Prime Minister, Kassim Majaliwa, announced the closure of five hydroelectric stations to address excess…
Dana Air suspension raises controversy in Aviation industry
The suspension of Dana Air's operations following a runway incident on its Abuja-Lagos flight has stirred…
ARCON warns against security-threatening content
The Advertising Regulatory Council of Nigeria (ARCON) has issued a caution to advertising agencies regarding the…
Capital releases for 2024 fiscal year to commence in May
The Accountant General of the Federation, Mrs. Oluwatoyin Madein, announced that capital releases for the 2024…
SMEDAN to empower women-led businesses
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has introduced the "SMEDAN Speed Pitch", a…
NAISU set to kick off, focused on reviving economy
The inaugural Nigeria Auto Industry Summit (NAISU), organized by the Nigeria Auto Journalists Association (NAJA)…
Huawei unveils vision for tech growth in Africa
Huawei has showcased its latest advancements towards ushering in the intelligent era with the theme "Unleash Data…
US seeks 36 months’ jail for Binance founder Zhao
U.S. prosecutors have recommended a 36-month prison sentence for Changpeng Zhao, the founder of Binance, the…
UBA, Access, and FBN lead banks in electronic banking revenue increase
United Bank for Africa (UBA) Plc, Access Holdings Plc, and FBN Holdings Plc emerged as the top earners in…
Wale Bolorunduro appointed as new Chairman of LivingTrust Mortgage bank
LivingTrust Mortgage Bank, a Nigerian financial company, has named Wale Bolorunduro as its new chairman, starting…
Transcorp Power welcomes Tuedor-Matthews, Odita as directors
Transcorp Power Plc, a subsidiary of Transnational Corporation Plc (Transcorp Group), has named Faith…
Leadway Pensure reposts 25% growth in revenue
Leadway Pensure, a pension fund administrator in Nigeria, has wrapped up the 2023 financial year with impressive…
Taiwan happy with US aid package, China objects to arms sales
Taiwan's President Tsai Ing-wen expressed happiness over the U.S. Congress passing a significant foreign aid…
U.S. senate votes to ban TikTok if chinese owner doesn’t sell in 9 months
The U.S. Senate has overwhelmingly passed a bill to ban TikTok in the United States if its Chinese owner,…
Indonesia cenbank says China’s Alipay+ yet to request permit
Filianingsih Hendarta, deputy governor of Indonesia's central bank, announced on Wednesday that Chinese firm Ant…
$2.1bn reserve depletion: CBN sold only $581m to market — Report
Nigeria's external reserves have decreased by $2.16 billion over the past month, reaching a seven-year low of…
Nestle Nigeria’s Fixed Assets Revalued At N305.4bn
Following foreign exchange losses in 2023 due to the naira depreciation, Nestlé Nigeria PLC has conducted a…
Dangote Refinery slashes diesel, aviation fuel prices to N940 and N980…
Yesterday, the $20 billion Dangote Petroleum Refinery announced further reductions in the prices of diesel and…
Naira depreciates against Dollar, hits N1,234 at official market
The value of the Nigerian naira dropped against the United States dollar, reaching N1,234 at the official foreign…
International Breweries shareholders approve $379.9m loan-to-equity conversion
During an Extraordinary General Meeting, shareholders of International Breweries endorsed a $379.9 million loan…
Naira rebound leads to drop in rice prices across Nigeria
The recent strengthening of the naira against the dollar has brought relief to consumers, with the price of a…
Sportsbet.io welcomes three new ambassadors to Its team
Yolo Group's Sportsbet.io has expanded its team of ambassadors with three new additions, joining the likes of…
Sterling, FCMB, Stanbic see biggest jump in FX gain
While big banks grabbed attention for foreign exchange gains last year, Sterling Financial Holdings Plc, FCMB…
Diop to replace Chaudhuri as World Bank country director for Nigeria
Ndiame Diop, a Senegalese national, is set to assume the position of World Bank Country Director for Nigeria,…
Naira gains to N1,250/$ after CBN sells fresh dollars to BDCs
The Central Bank of Nigeria (CBN) has initiated another round of discounted dollar sales directly to Bureau De…
Nigeria sees 16% drop in POS transactions on bank transfers
Point-of-Sale (POS) transaction values in Nigeria experienced a notable downturn in the first quarter of 2024,…
NNPC resume crude oil production at Awoba field after shutdown
The Nigerian National Petroleum Company Limited (NNPC Ltd.) and its Joint Venture partner, Newcross Exploration…
World bank halts $150m funding for Tanzania tourism project
The World Bank has suspended funding for a $150 million tourism project in Tanzania following allegations of…
Turkey to commence oil drilling in Somalia from 2025
Somalia has announced that Turkey will begin oil drilling operations along the country's extensive coastline…
Microsoft introduces smaller AI model
Microsoft (MSFT.O) unveiled Phi-3-mini, a cost-effective small language artificial intelligence model aimed at…