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Access Bank nears final stages of National Bank of Kenya acquisition

Access Bank partner Deloitte to grow SMEs

  • 21st May 2025

Capital market key to Nigeria’s $1tn economy target

  • 20th May 2025

Lagos secures $22m FDI to expand fibre optic

  • 20th May 2025
FG plans major fiber-optic cable expansion across Nigeria

Nigeria’s digital economy attracted $191m foreign investment in

  • 20th May 2025

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CBN unveils draft to boost anti-money laundering compliance

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Nigerian telecom users may pay higher charges in new tax law

Telcos face 33 network outages in May

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10 Schengen countries with highest 2024 visa rejection rates

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Bitcoin demand hits two-year high Argentina amid local currency crash

Bitcoin hits new record high of $109,500

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CBN unveils draft to boost anti-money laundering compliance

The Central Bank of Nigeria has introduced a draft framework to revolutionize anti-money laundering practices across the nation’s financial sector, targeting enhanced compliance amid rising digitalization and increasingly complex transactions. Detailed in a circular (BSD/DIR/CON/AML/018/033) dated May 20, 2025, the initiative mandates financial institutions to adopt advanced artificial intelligence and machine learning technologies to combat […]

Nigerian telecom users may pay higher charges in new tax law
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Telcos face 33 network outages in May

Nigeria’s telecommunications industry faced significant disruptions in May, with 33 major network outages reported across the country, driven by vandalism, fibre-optic cable cuts, and persistent power shortages, according to data from Uptime, the Nigerian Communications Commission’s outage reporting portal. All four major operators—MTN, Airtel, Globacom, and 9mobile—experienced service disruptions, impacting millions of subscribers with dropped […]

Travel

10 Schengen countries with highest 2024 visa rejection rates

Securing a Schengen visa has become a formidable hurdle for Nigerians aspiring to travel to Europe for education, business, or tourism, according to new data from the European Commission. In 2024, the Schengen region processed 11.7 million visa applications globally, rejecting 1.7 million—a 14.8% rejection rate—signaling tighter scrutiny and stricter documentation standards across member states. […]

Bitcoin demand hits two-year high Argentina amid local currency crash
Crypto

Bitcoin hits new record high of $109,500

Bitcoin hit a new all-time high on Wednesday, breaking its previous record set in January. The leading cryptocurrency climbed as high as $109,500 before easing to $108,955.10, up 2%, according to Coin Metrics. The surge highlights continued investor interest and confidence in the digital asset market. “Bitcoin’s new high has been concocted by an array […]

News

Petrol price soars 76.73% year-on-year in April 2025 – NBS

The average retail price of Premium Motor Spirit, commonly known as petrol, soared to N1,239.33 per litre in April 2025, a 76.73% increase from N701.24 in April 2024, according to the National Bureau of Statistics. The data, released Wednesday in the NBS’s “Premium Motor Spirit (Petrol) Price Watch,” highlights ongoing volatility in Nigeria’s fuel market […]

Dangote names Lekki refinery road after Wigwe
Business

Local investors key to attracting foreign investment – Dangote

The President of Dangote Group, Aliko Dangote, has said that domestic investors play a critical role in attracting foreign investment. Speaking at the Taraba International Investment Summit in Jalingo, which drew participants from across Nigeria and beyond, Dangote stressed the importance of prioritizing indigenous businesses to foster sustainable growth, create jobs, and strengthen the national […]

News

British soldiers make Everest history with new climbing technique

A team of four British former special forces soldiers, including a UK government minister, has set a new record for the fastest ascent of Mount Everest without on-mountain acclimatization, summiting the 8,849-meter (29,032-foot) peak in under five days. The high-speed expedition, completed early Wednesday, relied on xenon gas to pre-acclimatize to low-oxygen conditions, a method […]

Volvo becomes lead partner in Google’s android automotive push
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Volvo becomes lead partner in Google’s android automotive push

Volvo Cars has taken the lead in developing Google’s Android automotive software, a move set to give the Swedish carmaker’s customers early access to the latest in-car features well ahead of industry competitors. Announced Wednesday, the expanded partnership will allow Volvo to integrate Android updates faster than rival automakers, potentially delivering new capabilities to users […]

Fortnite returns to Apple store after five-year ban
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Fortnite returns to Apple store after five-year ban

Epic Games’ blockbuster multiplayer shooter Fortnite is back on Apple’s U.S. App Store, marking the end of a nearly five-year ban and a significant victory for the video game company. The return follows a lengthy legal battle that began in 2020, when Epic Games, backed by Chinese tech giant Tencent, challenged Apple’s in-app payment policies. […]

Access Bank nears final stages of National Bank of Kenya acquisition
Business

Access Bank partner Deloitte to grow SMEs

Access Bank Plc has teamed up with global consultancy firm Deloitte to launch a nationwide SME Business Clinic, aiming to strengthen Nigeria’s small and medium-sized enterprises. This partnership will provide entrepreneurs with expert guidance, improved access to finance, and practical market insights to help their businesses grow. The initiative, recently launched simultaneously in Lagos and […]

Electricity

Adelabu faults DisCos for power supply challenges

The Minister of Power, Chief Adebayo Adelabu, has criticized the electricity Distribution Companies, labeling them the weakest link in the nation’s power supply chain. Speaking at a two-day retreat organized by the Senate Committee on Power in Ikot-Ekpene, Akwa Ibom State, Adelabu accused Discos of disappointing Nigerians and undermining the sector’s progress due to chronic […]

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Marks & Spencer faces £300m loss after cyberattack

Marks & Spencer has announced that a significant cyber attack on its online systems will continue to disrupt digital services until at least July 2025, with potential financial losses reaching £300 million. The British high street giant also warned that the aftermath of the incident could seriously affect its operations and revenue in the weeks […]

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