Fuel Supply is Hampered by Illegal Charges and the Currency Crisis, say Marketers.
According to the Depots and Petroleum Products' Marketers Association of Nigeria, the problems preventing the…
Nigerian Mobile Transactions Increased to N12.8 trillion in only 9 Months.
Between January and September 2022, Nigerians made mobile transactions totalling N12. 8 trillion, more than twice…
Elon Musk Sells at least 3.58billion Worth of Tesla Shares.
Elon Musk, CEO of Tesla Inc. (TSLA.O), sold $3. 95 billion worth of shares in the electric vehicle manufacture;…
Sam-Bankman Fried Informed the Director of OKX that FTX had a $7 billion…
According to a top official at OKX, FTX CEO Sam Bankman-Fried requested a $2 billion to $4 billion capital…
Rise and Fall of Crypto Exchange FTX
Exchanging cryptocurrencies Following the failure of a rescue from bigger rival Binance, FTX was on the verge of…
Toyota Tsusho Establishes “Health54,” a Startup Investment in the…
Toyota Tsusho Corporation ("Toyota Tsusho") announced that its subsidiary CFAO SAS ("CFAO") has founded Health54…
$6 million will be Invested in AfyA Care by CardinalStone Capital Advisors.
AfyA Care's Series A capital round will include a $6 million investment from CardinalStone Capital Advisers (CCA);…
The Strategic Partnership of RMB Corvest is Extended to a Solar Supplier.
To help Sedgeley Solar Energy Namibia (Sedgeley Energy) better capitalize on rooftop solar photovoltaic (PV)…
Nigeria’s Oil Production Increases to 1million Barrels Per Day.
For the first time since June of this year, Nigeria's oil output increased in October to 1. 02 million barrels per…
BREAKING: Meta Lay Offs Over 11,000 Employees
In one of the year's largest layoffs, Meta Platforms Inc. (META.O) announced that it will eliminate more than…
FG Exhorts those on Low Incomes to Adopt Cooperative Housing.
The Federal Government has pushed the development of cooperatives to provide housing options for low and…
Climate Change: UK Commits £200million to Nigeria and Others.
The African Development Bank's Climate Action Window will get £200 million in support from the UK, according to…
As the Cryptocurrency Market Collapses, Binance Intends to Purchase FTX.
To aid with a "liquidity bottleneck" at the rival exchange, cryptocurrency giant Binance reached a non-binding…
Banks, MTN, and Airtel will all Collect VAT on their Goods.
Beginning in January 2023, MTN, Airtel, and all money deposit institutions serve as agents; for the Federal Inland…
NAICOM Develops Strategies for the Insurance Sector’s Expansion.
The National Insurance Commission has reaffirmed its commitment to using a variety of approaches to bring the…
Queues Persist as Petrol Stock Dips by 5.48m litres
According to market statistics issued, the Nigerian National Petroleum Company Limited's stock of Premium Motor…
COP27: Nigeria Seeks $400billion for its Energy Transformation Strategy.
The Federal Government is advocating for $400 billion in funds to aid in the implementation of Nigeria's Energy…
Food Security is Harmed by Severe Floods in West Africa.
The 50-year-old father of 12 is one of an estimated 4 million individuals in more than a dozen nations in West and…
Naira is Now One of the World’s Worst-performing Currencies.
The Nigerian naira is technically doing well this year; down just 4% against a strong US dollar and ahead of the…
FG Equips 1,859 Nigerians to Expand their Agribusiness.
The National Directorate of Employment (NDE) has taken a strategic step toward ending Nigeria's unemployment; by…
Reduced Foreign Exchange Transactions to N320 billion in 9months due to Inflation,…
Investigations by the Daily Sun show that total international transactions on the platform of the Nigerian…
NDLEA Informs public on Introduction of Fentanyl to Nigeria Market.
The National Drug Law Enforcement Agency (NDLEA) has alerted authorities to a drug cartel's intention to enter the…
Nigeria’s Oil Production Deficit Reaches 184.1 million Barrels.
According to data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigeria was only able to…
Jumia CEOs Resign over Company Losses.
Sacha Poignonnec and Jeremy Hodara, the co-founders and co-CEOs of Jumia Technologies, have both resigned from…
Dangote Cement Begins a Recycling Initiative.
Dangote Cement announced the commencement of its "DangCi rcular" circular economy initiative.The new effort seeks…
As Investment Slows, Tech Employees might Lose their Jobs.
Tech firms around the world are having trouble raising money. According to research, investments in the Nigerian…
FG Pledges to Invest $457million in Off-grid Electrification Projects.
The federal government has pledged $392 million and disbursed a total of $64.8 million; for the creation of…
Nigeria is Driving Infrastructure Investment in Africa to Increase Gas Exports.
In order to increase the export of gas to Europe and other continents, Mallam Mele Kyari, Group Chief Executive…
Oil Theft: Vessel Arrested In Equatorial Guinea Is On Its Way Back To Nigeria,…
A supertanker detained by Equatorial Guinean authorities for allegedly transporting crude into Nigeria, is the…
Ghanaian Demonstrators Call for the President to Resign Due to the Economic…
One of the worst-performing currencies in a region that is feeling the effects of a global economic downturn is…