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NIMASA, Sternula collaborate on vessel communication
News

NIMASA, Sternula collaborate on vessel communication

By Melvin Onwubuke   The Nigerian Maritime Administration and Safety Agency, NIMASA, has signed a Memorandum of Understanding with Sternula Denmark on full-scale Very High Frequency Data Exchange System space capabilities. This was revealed in a statement by the Assistant Director of Public Relations, NIMASA, Osagie Edward, according to The Punch. According to him, this […]

SEC seeks measures to reduce N190bn unclaimed dividend
News

SEC announces stricter screening for digital asset providers

The Securities and Exchange Commission has unveiled plans to enhance the licensing, registration, and screening procedures for digital and virtual asset service providers. The SEC aims to strengthen market integrity and protect investors by preventing individuals with criminal backgrounds from participating as operators in the capital market. The new guidelines will complement the existing regulatory […]

High tariffs continue to prevent West African rural people from using energy according to Schneider Electric.
Electricity

Exorbitant tariff barriers prevent rural electrification – Schneider Electric 

High tariffs continue to prevent West African rural people from using energy according to Schneider Electric. The company said that it will provide solutions for electrification initiatives in rural West African regions that struggle to obtain inexpensive and dependable electricity according to ThisDay. The Commercial Lead for Schneider Electric’s Microgrid, Power & Grid Business Segment, […]

SEC to enforce stricter regulations for digital assets
News

SEC to enforce stricter regulations for digital assets

A new set of standards for the nation’s virtual asset service providers and digital asset operators is about to be released, according to the Securities and Exchange Commission. The SEC stated that “The new rules will guarantee that criminals do not enter the nation’s capital market according to The Cable. The Federal Government had accused […]

Onne Port records vessel traffic surge, says NPA
Ports and Airports

Onne Port records vessel traffic surge, says NPA

Onne Port has seen a rise in vessel traffic, according to Managing Director of the Nigerian Ports Authority, Mohammed Bello-Koko. Bello-Koko made this statement yesterday in Lagos during the NPA’s newly acquired security boat inauguration according to The PUNCH. Additionally, he said that “The organization will keep working to increase eastern ports’ prosperity.” The Onne […]

US-based firm launches gas program for boat drivers
Oil and Gas

US-based firm launches gas program for boat drivers

In order to power passenger boats and ferries in Nigeria, a US-based firm called Blue Gas Marine has introduced compressed natural gas. According to The PUNCH, the chief executive officer of Ril Hydrocraft Limited, Layi Solesi, the distributor of the cylinder, told reporters in Lagos on Wednesday that compressed natural gas is a game-changer. Solesi […]

Nigerian startups receive $220k grant from NSIA
News

Nigeria leads as African startups raise $217m Feb – Report

In February 2024, startups across Africa achieved a significant milestone by raising a total of $217 million, marking a remarkable 182% increase compared to the previous month, as reported by ‘Africa: The Big Deal,’ a platform monitoring startup deals on the continent. The firm had reported that African startups secured $77 million in January. The […]

Egypt to receive $8bn IMF bailout
News

Egypt to receive $8bn IMF bailout

Egypt’s bailout package from the International Monetary Fund has been successfully expanded to $8 billion. This comes after the government took the audacious decision to let the Egyptian pound fall to an all-time low compared to the US dollar. According Voice of America, this crucial discovery represents a major advancement in Egypt’s efforts to manage […]

WIMBIZ hails Unilever over continuous women empowerment
News

WIMBIZ hails Unilever over continuous women empowerment

A group from Women In Management, Business, and Public Service paid a visit to Unilever Nigeria Plc’s Lagos headquarters to appreciate them for continuously sponsoring programs aimed at developing and empowering women leaders. Nairametrics reported that the goal of the visit, which focused on gratitude and ongoing partnership, was to strengthen the current working relationship […]

Google signs $3bn US hydropower deal amid AI energy race
News

Ex-Google software engineer indicted for selling trade secrets

A former Google software engineer has been indicted in California on charges of stealing trade secrets related to artificial intelligence from the Alphabet unit, in order to benefit Chinese companies. Linwei Ding, also known as Leon Ding, was charged on Tuesday by a federal jury in San Francisco with four counts of theft of trade […]

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