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CAC denies irregular recruitment
News

CAC, fintech firms partner to register PoS operators, merchants

The Corporate Affairs Commission has announced that it will partner with fintech companies in Nigeria, better known as PoS operators, for a two-month timeline to register their agents, merchants, and individuals across the country. This follows the Central Bank of Nigeria’s directive to have PoS operators in Nigeria registered by CAC. This agreement was revealed […]

Nigeria to phase out diesel, embrace hybrid energy — Shettima
News

Shettima cancels US business trip, blames faulty aircraft

The Vice-President, Kashim Shettima has aborted his planned trip to the United States of America to attend the 2024 US-Africa Business Summit in Dallas, Texas. This was disclosed by the Senior Special Assistant to The President on Media & Communications, Stanley Nkwocha in a statement on Monday, noting that the Minister of Foreign Affairs, Ambassador […]

Twitter co-founder Jack Dorsey quits Bluesky board
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Twitter co-founder Jack Dorsey quits Bluesky board

The main supporter of Bluesky has stepped down from its board. Jack Dorsey announced grants for open protocols from his Start Small initiative on X. Someone asked him if he was still on the Bluesky board, and he replied with a short “no.” He didn’t respond to further questions asking why he left. It’s unclear […]

Opera introduces AI features, multimedia controls to browser
News

Opera’s AI assistant now summarizes texts on Android

Opera’s Aria, an AI-powered product integrated into its web browser, now offers text summarization capabilities on Android devices. This feature condenses lengthy web pages such as news articles, blog posts, or research papers into concise summaries that can typically fit on a single screen. The announcement of this new feature on Monday highlights its usefulness […]

AMCON’s new DG will improve debt recovery, says commentator
News

AMCON not necessary in future – Pioneer MD

The former Managing Director of Assets Management Corporation of Nigeria, Mustapha Chike-Obi, has said the corporation was no longer useful in the banking industry. This was disclosed recently by Chike-Obi in his speech at the BusinessDay Policy Intervention Series with a focus on the banking sector recapitalisation. Chike-Obi explained that AMCON was no longer necessary […]

Ikeja electric reduces electricity tariff for Band A
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Ikeja electric reduces electricity tariff for Band A

Ikeja Electric Distribution Company has made a significant announcement regarding its electricity tariff, particularly for customers categorized under Band A. Effective immediately, the tariff for Band A customers has been reduced from N225/kWh to N206.80/kWh. This decision was communicated through a circular issued by the company’s management on Monday. The circular outlined the revised tariff […]

[ICYMI] Lagos-Calabar highway: Telcos express concerns over threats to cables
News

[ICYMI] Lagos-Calabar highway: Telcos express concerns over threats to cables

Following Multichoice’s recent announcement of a three-day technical downtime, concerns have been raised by telecommunication companies over potential connectivity disruptions as construction progresses on the 700km Lagos-Calabar Coastal Highway. While acknowledging the anticipated impact of the ongoing construction project on their uplink facilities, telecommunication firms emphasized the critical role of telecommunication services and the potential […]

News

Saudi Aramco, ADNOC adopts AI as NNPC lags

The world is preparing for an oil and gas industry where completely unmanned assets are operated, inspected, and maintained by digitisation and artificial intelligence, a message Africa’s largest oil-producing country is still negotiating with. The oil and gas sector is rapidly adopting digital tools, e.g. machine learning and artificial intelligence, to increase its efficiency in […]

Global diary prices drop as food prices rise in April-FAO
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Global diary prices drop as food prices rise in April-FAO

The global benchmark for food commodity prices witnessed an upward trend in April, and this driven by increases in meat prices, vegetable oils, and cereals, according to the Food and Agriculture Organization of the United Nations. The FAO Food Price Index, which monitors monthly shifts in the international prices of key globally traded food items, […]

Ethereum records 267,000 new wallet creations, breaks record
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Ethereum records 267,000 new wallet creations, breaks record

Ethereum, the world’s second-largest cryptocurrency, has witnessed a remarkable surge in new wallet creations, with a staggering 267,000 new wallets added to the platform. This influx, the highest recorded in over two years, signifies a significant resurgence in interest in the Ethereum ecosystem among crypto users. According to reports from Merkle, this surge in new […]

Nigeria-UK trade relations worth £7bn, says British envoy
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Nigeria-UK trade relations worth £7bn, says British envoy

The trade relations between Nigeria and the United Kingdom have soared to £7bn, according to British High Commissioner to Nigeria, Richard Montgomery. In an interview with the News Agency of Nigeria in Abuja, Montgomery revealed that both nations have sealed a fresh agreement on enhanced trade and investment partnership. This agreement aims to bolster cooperation […]

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