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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

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Ghana police foil bank robbery plot, arrest Nigerian suspect

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Five towers collapse after transmission line sabotage in A’Ibom

Electricity

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Instagram enhances safety features to combat sextortion
News

Instagram develops ‘Friend Map’ to allow users track locations

Instagram is developing a feature known as “Friend Map,” similar to Snapchat’s Snap Map, as confirmed by a Meta spokesperson to TechCrunch on Monday. Although the company clarified that the feature is currently an internal prototype and not being externally tested, it would allow users to view the real-time locations of their friends with their […]

Mobile carriers pledge $9bn to ITU, increase global connectivity
Telecommunications

Mobile carriers pledge $9bn to ITU, increase global connectivity

The International Telecommunications Union said that mobile providers had committed a total of $9 billion to increase global connectivity. The Times stated that, this was declared on Monday on the fringes of the Mobile World Congress by the Secretary-General of the ITU, Doreen Bogdan-Martin. These promises expand on the mobile industry’s strong support for ITU’s […]

Nestle, others cost equity market 51bn loss
Economy

Nestle, others cost equity market 51bn loss

The loss experienced by Nestle Plc, Eterna, and Fidson Healthcare Plc caused the Nigerian Exchange to lose N51 billion in the new week, extending its gloomy trend. According to The Punch, Nestle Plc, Eterna, and Fidson Healthcare Plc had closing prices of N990, N15.80, and N15.15, respectively, after declining by 10%, 9.97%, and 9.82%, respectively. […]

Why Tinubu should ban dollar cash transactions - Operator
News

Why Tinubu should ban dollar cash transactions – Operator

To prevent the naira from depreciating further, President Bola Tinubu has been encouraged by the Group Managing Director of CFL Group, Lai Omotola, to issue an executive order outlawing the use of dollars in cash transactions. Omotola pointed out that the Central Bank of Nigeria and the Federal Government of Nigeria had implemented a number […]

UBA vows to draw capital to ECOWAS mining industry
Banking

UBA vows to draw capital to ECOWAS mining industry

The Economic Community of West African States and United Bank for Africa Plc have committed to collaborating on projects that would bring in capital and foster sustainable growth for the mining and oil industries in the subregion. According to The PUNCH, the promise was made at the recently finished fourth ECOWAS Mining and Petroleum Forum, […]

NASENI's solar-powered bikes, others commendable - Senate
News

NASENI’s solar-powered bikes, others commendable – Senate

The National Agency for Science and Engineering Infrastructure’s production of renewable energy-powered machinery has been lauded by the Senate Committee on National Agency for Science and Engineering Infrastructure. The PUNCH stated that the senate committee praised NASENI for “championing local content development of solar-powered smart irrigation, tricycles, electric motorbikes and others with accelerated technology transfer.” […]

FX payments rose to $1.3bn in February - CBN
Economy

Factories may shutdown if FX crises persists – MAN

By Melvin Onwubuke The Manufacturers Association of Nigeria has said that many factories may shutdown operations amidst the lingering foreign exchange crises. This follows the statement of the Director General, Mr Segun Ajayi-Kabir in a recent interview on AIT. He disclosed that manufacturers could not access up to 20 per cent of their forex needs […]

Dangote names Lekki refinery road after Wigwe
Business

Marketers yet to get Dangote fuel after four weeks

By Melvin Onwubuke   Oil marketers announced that, they were still anticipating the supply of refined products, weeks after the take off, of the multi billion dollar plant, by Dangote Petroleum Refinery. This follows the announcement made by Dangote refinery, on the commencement of production of diesel and aviation fuel on January 12, 2024, according […]

Osun resubmits state's nomination for bank role, challenges CBN’s rejection
Business

CBN sells over $300m to deposit money banks

By Melvin Onwubuke   The Central Bank of Nigeria in its efforts to stabilize the exchange rate has sold over $300 million to Deposit Money Banks. This was disclosed by the Association of Corporate Treasurers of Nigeria, in an advisory memo, made available to its members, according to The Punch. The memo read in part […]

Moon lander Odysseus cuts mission after sideways touchdown
Tech

Moon lander Odysseus cuts mission after sideways touchdown

Flight control engineers anticipate the loss of contact with the private U.S. moon lander Odysseus on Tuesday morning, terminating the mission five days after its unconventional sideways touchdown, as reported by the spacecraft’s developer, Intuitive Machines, on Monday. The curtailed lifespan of Odysseus raises concerns about the potential loss of scientific data. Initial estimates from […]

Online travel platform Expedia to lay off 1,500 workers
Tech

Online travel platform Expedia to lay off 1,500 workers

Online travel platform Expedia announced on Monday its decision to reduce its global workforce by approximately 1,500 jobs, constituting around 9% of its total employees. This move is part of Expedia’s broader “organizational and technological transformation” initiative. The restructuring follows a recent warning from Expedia about the anticipated moderation in revenue for 2024, citing a […]

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