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Seplat energy board appoints Udo Udoma as chairman
Business

Seplat energy board appoints Udo Udoma as chairman

Melvin Onwubuke The Board of Seplat Energy Plc, listed on both the Nigerian Stock Exchange and the London Stock Exchange, has announced the appointment of Mr. Udoma Udo Udoma, as the new Independent Non-executive Chairman of the company. This was disclosed by the company’s notice to the Nigerian Exchange Limited and the investing public; Udoma […]

MTN, Mastercard partner to boost digital connectivity
News

MTN, Mastercard partner to boost digital connectivity

Melvin Onwubuke MTN group and Mastercard have signed a multi-market contract, that will activate a new era of partnership to connect millions of people and small businesses across Africa, with digital tools to operate through secure mobile networks. This was disclosed by MTN in a statement released on Thursday. In the statement, MTN said the […]

Coinbase restores services after global outage
Tech

Coinbase restores services after global outage

Coinbase Global announced on Wednesday that all services on its website have been fully restored following an earlier issue that led some users to witness a zero balance on their accounts. In a social media post on X, the crypto exchange stated, “Very few customers may still see an inaccurate balance on their account. Our […]

Alibaba, RedNote partner to streamline app shopping on Taobao
Tech

Alibaba slashes prices of cloud services by 55%

Alibaba Cloud announced on Thursday that it would reduce prices on some of its products by up to 55%, aiming to attract heavy users, especially artificial intelligence software developers. This marks the second time in less than a year that the cloud division of Alibaba Group Holding has implemented price cuts, following reductions of up […]

Crypto exchange Gemini to return $1.1bn to customers
Tech

Crypto exchange Gemini to return $1.1bn to customers

The cryptocurrency exchange, Gemini is set to reimburse a minimum of $1.1 billion to customers impacted by its defunct lending program and pay a $37 million fine due to unsafe and unsound practices, as outlined in a settlement with the New York Department of Financial Services, disclosed on Wednesday. The terminated Gemini Earn program, which […]

Edo govt partners UNDP to promote investment
News

Edo govt partners UNDP to promote investment

The UNDP has received appreciation from the managing director of the Edo State Investment Promotion Office, Kelvin Uwaibi, for its dedication to enhancing Nigeria’s ability to promote investments. According to The PUNCH, Uwaibi underlined the significance of the continuing relationship, which started in 2023 and assisted ESIPO with investment promotion and the Edo State Government’s […]

75% of boats on waterways not seaworthy — NIWA
Transportation

75% of boats on waterways not seaworthy — NIWA

Seventy-five percent of the vessels that use the Lagos Waterways are not seaworthy, according to the National Inland Waterways Authority. According to The PUNCH, NIWA’s Lagos Area Manager, Sarat Braimah, revealed this to the media on Wednesday at a meeting with representatives of the Lagos-based Association of Tourist Boats Operators and Water Transport. Three verified […]

Oil and Gas

Shell uses unmanned sailboat to examine pipeline routes

An unmanned surface vessel has been sent out by Shell Petroleum Development Company of Nigeria Limited to investigate pipeline routes in the Niger Delta. The PUNCH recorded that, the USV breakthrough reduced exposure to people and the environment while saving time and money according to Shell. The Media Relations Manager for Shell Nigeria, Abimbola Essien-Nelson, […]

Apple to release plans for AI later this year
Tech

Apple to release plans for AI later this year

The chief executive officer of Apple, Tim Cook, stated during the company’s annual shareholder meeting on Wednesday that the company will reveal more information about its intentions to employ generative artificial intelligence later in the year. Cook stated that the iPhone manufacturer “incredible breakthrough potential for generative AI, which is why we’re currently investing significantly […]

Alternative Bank promotes rural economic development in Katsina
News

Alternative Bank promotes rural economic development in Katsina

The Alternative Bank’s goal of empowering local companies and promoting sustainable development throughout the state through creative financial solutions has found resonance with the Katsina State Government. According to The Vanguard, the Bank said that the formal support represents a critical turning point for the Alternative Bank as it opens its first branch in the […]

Ajaokuta steel rehabilitation to cost close to $5b - Minister
News

Ajaokuta steel rehabilitation to cost close to $5b – Minister

By Melvin Onwubuke The Federal government has disclosed that, it would cost between $2 billion to $5 billion to revive Ajaokuta Steel Plant. This was stated by the Minister of Steel Development, during his visit to the governor of Plateau Stat, as part of his visit to the National Metallurgical Development Centre, according to nairametrics. […]

MTN MoMo PSB’s active wallet surges to 5.3 million in 2023
News

MTN blames fibre cuts for voice, data service outage

Customers of MTN Nigeria are now experiencing issues using their data and placing calls as a result of an extended outage on the company’s network. Nonetheless, the telecom company claims that several fibre cuts are to blame for the network outage and that its staff is putting in a lot of effort to get things […]

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