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EFCC recovers ₦115bn, $84m unpaid NDDC levies from oil

Oil and Gas

CBN rate stable at ₦1,367/$ amid FX liquidity watch

featured Finance

Economists back US report faulting Nigeria’s fiscal transparency

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FG, states end compulsory certification for civil servants promotion

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has presented its 2024 Regulatory Impact Assessment, a comprehensive review aimed at overhauling existing telecom regulations
Telecommunications

MTN, Globacom resolve interconnect debt dispute

Telecommunication companies, MTN Nigeria and Globacom Limited have resolved their interconnect debt dispute, the Nigerian Communications Commission said on Thursday evening. Director of Public Affairs at the NCC, Reuben Mouka, stated in a statement that the commission has officially withdrawn the approval for MTN to disconnect Globacom. This action follows the resolution of the dispute […]

NNPC, First E&P provide free healthcare in host communities
Oil and Gas

NNPCL debunks plans to increase fuel price

The Nigerian National Petroleum Company Ltd. has refuted reports that Premium Motor Spirit, also referred to as petrol, could soon see a price increase. Some drivers have recently had trouble purchasing petrol at petrol stations due to concerns that the government may raise the cost of this essential commodity. Long lines started to reemerge at various […]

Canal+ aims for increased stake in MultiChoice
Business

MultiChoice to pay FIRS $37.3m as tax settlement

The largest pay TV company in Africa, MultiChoice Group, announced on Thursday that a tax issue involving one of its subsidiary companies and Nigerian tax authorities had been resolved. A tax payment of approximately $37.3 million is required as part of the settlement. Recall that in 2022, MultiChoice Nigeria’s accounts were frozen by the Federal […]

Google rebrand Bard to Gemini one year after launch
Tech

Google rebrand Bard to Gemini one year after launch

Approximately one year after introducing Bard to compete with OpenAI’s ChatGPT, the company has decided to retire the name and rebrand it as Gemini. Alongside this rebranding, the company is unveiling Gemini Ultra, its most powerful large language model to date. Notably, Gemini Ultra will be a paid service, accessible through a new $20 Google […]

Apple launches redesigned iCloud for Windows
Tech

Apple launches redesigned iCloud for Windows

Apple has launched a revamped iCloud app for Windows, aiming to enhance the onboarding and content syncing experience for iPhone or iPad users without a Mac. The updated app, compatible with Windows 10 and 11, features a redesigned setup process for smoother onboarding and includes a syncing status indicator for various services, providing a clearer […]

Pakistan shuts down internet, phone networks on election day
Telecommunications

Pakistan shuts down internet, phone networks on election day

In order to counter any “possible threats,” Pakistan has temporarily shut down internet and mobile phone networks nationwide as the South Asian country votes for national elections. Pakistan’s interior ministry stated in a statement that the action was taken in response to recent terrorist attacks in the nation. Local journalists reported on X early on […]

Disney, Warner Bros to launch joint streaming bundle
Tech

Disney+ subscribers decrease by 1.3m Q4 2023

In the last quarter of 2023, Disney+ witnessed a decrease of 1.3 million subscribers following a significant price hike introduced in the fall. Despite this decline, the streaming platform successfully reduced its streaming business losses by $300 million from October to December. The core subscriber base, including U.S., Canada, and international users (excluding Disney+ Hotstar […]

Opay, Palmpay, others facilitate N46.6trn transactions in 2023 - NIBSS
Tech

Opay, Palmpay, others facilitate N46.6trn transactions in 2023 – NIBSS

In 2023, mobile money operators such as Opay, Palmpay, and 15 others facilitated transactions totaling N46.6 trillion, as disclosed by the Nigeria Inter-Bank Settlement Systems. This figure marked the highest annual mobile money transactions in the country, showcasing a remarkable 140% surge from the N19.4 trillion recorded in 2022. The substantial increase in transaction value […]

Equity market loses N92bn as stocks tumbles
News

Nigerian stock market loses N1bn amid downward trend

The market capitalization of the Nigerian Exchange decreased slightly to N55.87 trillion on Wednesday as a result of the muted trading activity. The PUNCH reported that the investors lost N1 billion as the All-Share Index dropped 0.002 percent to 102,106.31 points at the end of trade. Tuesday’s volume of trading was 494.19 million units; on […]

Dangote names Lekki refinery road after Wigwe
Business featured

Dangote refinery fuel delayed by govt – Report

Dangote Petrochemical Refinery’s plan to release aviation fuel and diesel for sale in the Nigerian market in January appears to have been delayed by unfinished business with regulatory authorities. According to The PUNCH, the largest refinery in Africa is still struggling to get through the several levels of regulatory permissions, one week after the management […]

FG targets 6500 megawatts power generation in six months
News

FG vows to increase supply of electricity

Nigerians have been reassured by Minister of Power, Bayi Adelabu, that power would be supplied incrementally. According to The PUNCH on Wednesday, Adelabu, through his media assistant Bolaji Tunji, urged composure and stated that the electricity industry would soon see growth. The nationwide grid meltdown on Sunday and persistently low power supplies preceded the minister’s […]

Top 10 countries with highest alcohol consumption
News

Top 10 countries with highest alcohol consumption

The production of some of the most widely consumed alcoholic beverages, including wine, vodka, and beer, is widely recognized among the people of Europe. Drinking alcohol is a practice that dates back nearly as far as human civilization. Several of the world’s great civilizations, including ancient Egypt, Greece, India, Mesopotamia, and China, are known to […]

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