CBN Approves Access Corporation’s Payment In Full.
A new payment subsidiary controlled entirely by Access Corporation, Hydrogen Payment Services Company Limited, has received final permission from the…
Nigeria Surpasses Kenya To Retake The Top Spot In Africa For Cryptocurrency Adoption.
Nigeria has reclaimed the top spot in Africa for crypto adoption, now coming in at #11 globally with an adoption…
US Fed Sends The Cryptocurrency Market Into Turmoil.
Due to the increase in US interest rates, the value of the bitcoin market has dropped to $360 billion, and…
Jamie Dimon, CEO Of Morgan Chase, Refers To Cryptocurrencies As “Ponzi schemes.”
Stablecoins, which are digital assets linked to the value of the US dollar or other currencies, wouldn’t be a problem…
China Appeals To Europe To Take Action Against Climate Change.
Chinese negotiator Xie Zhenhua stated to Germany’s special environmental representative that; there were currently “many problems and concerns” with regard…
Businesses Spend N639bn On Energy And Self-Generate Over 14,000MW.
Due to inadequate supply from power distribution providers, factories self-generate more than 14,000 megawatts of electricity, which is disrupting productive…
Microsoft Declares A 10% Dividend Increase.
Microsoft is a global technology corporation; Producing personal computers, software for computers, consumer electronics, and related services are all part of its…
The Financial Facility For London Transportation Is 500million STG.
The British capital’s transportation system will receive 500 million pounds ($567 million) from London municipal authorities; to fill in any…
With 71 New Initiatives, Amazon Promotes Green Energy.
In an effort to utilize only renewable energy throughout its whole business by 2025, Amazon.com Inc (AMZN. O) announced that it…
Top 10 Nigerian Banks By e-business Revenue In 2022.
Revenue from electronic channels, card products, and related services are all included in e-business income. Thus, the revenue is by…
Nigerian Bank Prohibits Use Of Dollar Debit Cards For Naira Transactions.
Due to the growing shortage of foreign currency in Nigeria, First Bank of Nigeria has banned international transactions; using the…
Flutterwave Makes It Possible For Nigerians To Collect eNaira Payments.
The eNaira is a digital currency produce by the Central Bank of Nigeria that offers a distinct kind of money…
Oil Prices Increase As Additional Troops Are Mobilized By Putin.
Following Vladimir Putin’s announcement that there will be a partial military deployment across the nation, oil futures increased by 3%.…
Pencom Disputes Claims regarding employee remuneration.
According to a press release issued by the management and signed the regulatory authority; the highest paid employee makes less…
Ghanaian Cedi Declines By 64% This Year.
The Ghanaian cedi has fallen by a staggering 64.45% against the US dollar. The USD/GHS exchange rate was 9.9495. Despite…
Lagos Is The Fourth-Richest City In Africa.
In 2021, Nigeria was regarded as the largest economy in Africa. However, due to the enormous population of over 200…
The NCC Plans To Generate N500billion From 5G Spectrum Sales By 2023.
The auctioning of two 5G spectrums in 2023 is expected to bring in N500 billion for the federal govt, according…
Nigerian Petrol Suppliers Are Closing Down For Green Energy.
Due to a demand for green energy, the majority of refineries supplying Premium Motor Spirit to Nigeria are ceasing operations.…
According To NNPC, Nigerians Will Not Face Fuel shortages.
According to the chief financial officer of NNPC Ltd. In Abuja, the Corporation has taken steps to maintain the supply…
CBN: RT200 Strategy Will Increase Exports Of Goods.
The CBN’s RT200 FX program intends to generate $200 billion in forex profits from non-oil proceeds over the course of…
In 2022, Kenya Pension Bill Was Reduced By Sh18billion.
In the first two months of the current fiscal year, Kenya’s pension bill decreased by Sh17. 94 billion compared to…
Nigeria’s Oil Output Plummets To 900,000b/d.
According to statistics provided by direct sources, Nigeria’s crude oil production decreased from 1 million barrels per day in July…
A Rate Hike Possibility Causes Cryptos To Squeak As Bitcoin Drops Below $19,000.
By market value, Bitcoin, the most valuable cryptocurrency, dropped almost 5% to a three-month low of $18,387. The second-largest cryptocurrency,…
Tesla Claims That Its China Sales Growth Is Progressing At A Standard Rate.
After a Reuters story said that Tesla (TSLA. O) was considering closing several city center stores in its second-largest market;…
MTN Launches 5G Network.
The fifth-generation, or 5G, technology is already accessible in Nigeria. The technology was commercially introduced in Nigeria by MTN Nigeria…
U.S Forces Would Defend Taiwan In The Event Of A Chinese Invasion – Biden.
The use of force has not been ruled out by Chinese President Xi Jinping in his pledge to conquer Taiwan.…
World Bank Contributes $30bln To Offset Food Shortages Worsened By War In Ukraine.
According to a senior bank official, the World Bank is prepared to contribute up to $30 billion; this is to…
Adobe To Buy Figma For $20bln.
To help it expand its toolkit for creative professionals, Adobe Inc. agreed to purchase software design company Figma Inc. In…
With The ‘Merge’ Software Upgrade, The Ethereum Blockchain Uses Less Energy.
According to its co-founder, the Ethereum blockchain has undergone a significant software upgrade; that significantly lowers its energy consumption. The update,…
Saudi Arabia Surpasses Russia To Become India’s No. 2 Oil Supplier.
The third-largest oil importer and consumer in the world, India, imported 863,950 barrels of petroleum per day (bpd) from Saudi…