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NUPRC explores crude swap deals to cut costs

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How to access FG’s ₦5m grant for young entrepreneurs

Business featured

Ghana police foil bank robbery plot, arrest Nigerian suspect

News

Five towers collapse after transmission line sabotage in A’Ibom

Electricity

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Binance halts support for USDC stablecoin on Tron blockchain
Crypto featured

Binance halts Nigerian service amid govt crackdown

Effective March 8, Binance is set to cease all transactions and trading activities involving Nigeria’s local currency, aligning with a broader nationwide effort to curb cryptocurrency exchanges. “Fellow Binancians, Binance will discontinue all Nigerian Naira services as per the timeline below. Users are encouraged to withdraw NGN, trade their NGN assets, or convert NGN into […]

Sale of China iPhone plunge as Huawei's popularity rises
Tech

Sale of China iPhone plunge as Huawei’s popularity rises

In the initial six weeks of 2024, Apple witnessed a 24% year-on-year decline in iPhone sales in China, as per the findings of research firm Counterpoint. This drop is attributed to heightened competition from domestic rivals like Huawei. Huawei, Apple’s primary competitor in China’s premium smartphone segment, experienced a notable surge with a 64% increase […]

Nigerian banks involved in 70% of financial crimes - EFCC
News

Nigerian banks involved in 70% of financial crimes – EFCC

The Economic and Financial Crimes Commission on Monday indicted the banks in relation to about 70 percent of Nigeria’s banking offences. This was disclosed by Ola Olukayode, Chairman EFCC, while speaking in at the 2023 Annual Retreat and General Meeting of the Association of Chief Audit Executives of Banks in Nigeria, in Abuja, according to […]

Nigerian Exchange ahead in Africa with 33.70% gain
Economy

Naira rises against dollar, hits seven-day high

For the third day in a row, the naira and dollar increased in value, ending the day on the official market at N1,534.9/$1. The naira has not been this strong in the last seven days. According to Nairametrics, On March 1st, 2024, the official NAFEX rate which the CBN uses as a benchmark and average […]

Business

DMO opens FGN bonds offer for March at 16.09%

By Melvin Onwubuke The Debt Management Office has initiated the subscription process for two-year and three-year Federal Government of Nigeria bonds for March 2024 with an interest rate of up to 16.097%. This was disclosed in a statement on DMO’s official website on M jgonday. The subscription period is set to last for five days, […]

NNPCL fuel subsidy gains not fully remitted - World Bank
News

FG to launch W’Bank-funded $100m women empowerment project

The World Bank will provide $100 million to the Federal Government to launch an initiative aimed at empowering women economically. The Times stated that, President Bola Tinubu P-BAT Cares for Nigerian Women project is an effort that seeks to improve the lives of women in the nation and increase their productivity in a variety of […]

Lekki Gardens pays back N3.5bn bond
featured Real Estate

Lekki Gardens pays back N3.5bn bond

Global Credit Rating, the top rating agency for the financial industry, has verified that Lekki Gardens Estates Limited, one of Nigeria’s top real estate investment firms, has paid back its N3.5 billion Series 1: 3-Year Bond by the bond’s maturity date in January 2024. A notification that was just posted on the agency website included […]

Tarrif hike: DisCos sweat as manufacturers insist on old rates
Electricity

Discos reject 1,769MW of power during nationwide outage

The most recent data on the daily load summary of power distribution companies show that, between February 1 and February 14, 2024, the businesses failed to deliver about 1,769.91 megawatts of electricity, despite the widespread blackout and the deteriorating status of Nigeria’s electrical supply. The PUNCH reported that, the Transmission Company of Nigeria provided data […]

Naira devaluation worsens Nigeria's debt woes
Economy

Naira devaluation worsens Nigeria’s debt woes

Nigeria’s foreign debt has significantly increased as a result of the naira’s depreciation. NewsNowNigeria reported that, the depreciation of the Nigerian naira versus the US dollar has resulted in a N28 trillion increase in Nigeria’s external debt. Nigeria’s overall debt at the end of the third quarter of 2023 was N87.38 trillion, according to the […]

Huawei’s artificial intelligence research arm, Noah’s Ark Lab, has denied allegations that its Pangu Pro Moe large language model copied elements from Alibaba’s Qwen 2.5-14B model.
Tech

Huawei signs patent licensing agreement with Amazon

China’s Huawei Technologies and the U.S. tech giant Amazon have reached a multi-year patent licensing agreement that resolves ongoing litigation between the two companies. While specific terms of the deal were not disclosed, Alan Fan, the head of Huawei’s intellectual property rights department, revealed that Huawei has dropped lawsuits against Amazon in Germany related to […]

VIDEO: Teary Dangote pays tribute to Wigwe
News

VIDEO: Teary Dangote pays tribute to Wigwe

A visibly emotional Aliko Dangote found it difficult to restrain his tears as the funeral proceedings for the late Group Chief Executive Officer of Access Holdings, Herbert Wigwe, commenced in Lagos State on Monday. Cloaked in somber black attire, the Chairman of the Dangote Group was overcome with emotion as he offered heartfelt tributes to […]

Dangote names Lekki refinery road after Wigwe
Oil and Gas

Dangote names Lekki refinery road after Wigwe

By Melvin Onwubuke In recognition of his extraordinary contribution to the project, Aliko Dangote, has named the 120 km road leading to his refinery in Lagos after the late Access Holdings Group Chief Executive Officer, Herbert Wigwe. This was disclosed on Monday, during a special event held in honour of the late banker at Eko […]

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