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White House leads TikTok acquisition deal
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US will ‘trample’ free speech with TikTok ban, says app

TikTok has reiterated its concerns regarding freedom of speech in response to a bill approved by the House of Representatives, aiming to prohibit the popular social media platform in the U.S. unless its Chinese owner, ByteDance, divests its stake within a year. The House passed the legislation on Saturday with a significant margin of 360 […]

South Africa grants license to 75 crypto companies
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South Africa grants license to 75 crypto companies

South African Financial Sector Conduct Authority on Monday expanded its approval, granting an additional 16 licenses, bringing the total number of licensed crypto companies to 75. This decision followed the submission of 374 applications to the FSCA. In March, South Africa’s financial conduct regulator greenlit 59 operating licenses for cryptocurrency businesses without disclosing the recipients’ […]

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FCCPC shuts Abuja Chinese store for rejecting Nigerian shoppers

The Federal Competition and Consumer Protection Commission has sealed the Abuja-based Chinese supermarket located within the China General Chamber of Commerce in Abuja. This follows the alleged discrimination against Nigerians on Sunday, according to The Punch. The FCCPC officials shut down the supermarket when they arrived at the premises of the supermarket on Monday. After […]

Electricity

Enugu takes over electricity regulation from NERC

NERC transfers regulatory oversight to Enugu State Electricity Regulatory Commission The National Electricity Regulatory Commission has issued an order to transfer the regulatory oversight of the electricity market in Enugu state from the commission to the Enugu State Electricity Regulatory Commission. This was disclosed in a statement by NERC in a post on its official […]

Meta plans fourth AI overhaul in six months
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Terrorism: Meta spokesperson bags six years imprisonment by Russian court

A military court in Moscow has sentenced Meta spokesperson Andy Stone to six years in prison for “publicly defending terrorism,” in absentia. Meta, according to RIA news agency was categorized as an extremist organization in Russia, and has had its Facebook and Instagram platforms banned in the country since 2022, following Russia’s invasion of Ukraine. […]

Oil and Gas

Dangote refinery to start petrol supply in Q4 – S&P analyst

Analyst at the Standard Poor’s’ Global Commodities Insights, Kelly Norway, has said that contrary to the insinuation, that Dangote refinery will start the supply of petrol next month, it projected that the company will commence the supply of petrol in the fourth quarter of this year. Norways made this disclosure in a podcast titled “Exploring […]

TLcom Capital raises $154m fund for early-stage African startups
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TLcom Capital raises $154m fund for early-stage African startups

Venture capital, TLcom Capital, headquartered in Nairobi and known for backing startups such as Vendease, Seamless HR, and uLesson, has successfully concluded fundraising for TIDE Africa II, a $154 million fund primarily targeting early-stage startups. Initially securing a first close of $70 million in January 2022, the fund was slated for a second close by […]

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NEXIM Bank affirm support for Nigeria’s export sector

Nigerian Export-Import Bank has affirmed its support for Nigeria’s export sector. This disclosure was made by the Managing Director of Nexim Bank, Abubakar Bello, during his keynote address titled “Easy Access to Export Finance,” at the launch of the Nigerian Exporters’ Hub in Lagos, recently, according to The Punch. He highlighted Neximbank’s firm commitment to […]

Tesla slashes prices of cars in China, Germany, Africa
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Tesla slashes prices of cars in China, Germany, Africa

Tesla has recently implemented price reductions in several key markets, including China and Germany, in response to declining sales and escalating competition in the electric vehicle sector. This move follows earlier price adjustments in the United States. In a statement on Sunday, Tesla’s CEO Elon Musk emphasized the necessity of frequent price changes to align […]

News

NCDMB, SON ranked most efficient MDAs — FG

The Presidential Enabling Business Environment Council has named the Nigerian Content Development and Monitoring Board, and the Standards Organisation of Nigeria as the most efficient and transparent compliance agencies among other Ministries, Departments, and Agencies of the Federal Government in Nigeria. PEBEC stated on Sunday in its Business Facilitation Performance Results for 2023, that the […]

News

Olusegun Alebiosu appointed acting MD First Bank

First Bank of Nigeria Limited has appointed Olusegun Alebiosu as its acting Managing Director with effect from April 2024. This was disclosed in a statement by the acting company secretary of the Bank, Adewale Arogundade on Sunday, according to The Punch. This follows the voluntary resignation of the former managing director of First Bank Nigeria […]

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