Blog

'A Tribe Called Judah' ticket sales drop by over 50% 
Business

Funke Akindele’s movie rakes over N60m in less than 48hrs

The well-known Nollywood producer and actress, Funke Akindele, has reached a noteworthy milestone with her latest film, “A Tribe Called Judah,” as it has raised a massive sum of money—more than N60 million in just 48 hours of its premiere. The Nigerian box office stated this in a tweet on Sunday afternoon. “A Tribe Called Judah […]

Spanish passport most powerful in December 2023 - Report
News

Spanish passport most powerful in December 2023 – Report

The Spanish passport has risen to the top of the list of 199 international passports. This is in line with the most recent VisaGuide update – World Passport Index. SchengenVisaInfo.com reports that the Spanish passport is expected to be particularly prominent among travel documents for ardent adventurers and tourists. The passport holders would be able to enter […]

Italy ready to invest in Africa’s energy sector - Eni
Energy

Italy ready to invest in Africa’s energy sector – Eni

The CEO of massive global energy company Eni, Claudio Descalzi, has stated that Italy is prepared to invest in Africa. According to Reuters, he stated this during a political event in Rome on Saturday, December 16, that Italy is willing to invest in Africa for two main reasons. First and foremost, to obtain the energy resources required […]

NNPCL fuel subsidy gains not fully remitted - World Bank
featured

99.9% households yet to receive FG’s cash transfer – W’Bank

The World Bank has reported that approximately 99.9% of targeted poor and vulnerable households are yet to receive the Federal Government’s recently announced N25,000 per month cash handout. According to The Times, data from the World Bank’s Lead Economist for Nigeria, Alex Sienaert, was presented last week in Abuja during the Nigeria Development Update, December 2023 edition. The […]

Microsoft proposes relocation of Chinese staff over US-China tensions
News

Microsoft terminates support for Teams

Microsoft Message Center has announced the termination of support for Microsoft Teams, a legacy messaging infrastructure by Microsoft. The company emphasized that to prevent service interruptions and other problems, it is crucial to stay current and use the most recent version of its software. Microsoft states that by the end of March 2024, the chat […]

Transcorp hotels posts 60% revenue rise, declares interim dividend
Appointments

Transcorp Hotels names Garba Abubarkar, Adesimbo Ukiri non-executive directors

Transcorp Hotels Plc’s board of directors has declared that Ms. Adesimbo Ukiri has been appointed as a non-executive director and Mr. Garba Abubarkar has been appointed as an independent non-executive director. According to Nairametrics, this was stated in a notice sent to the Nigerian Exchange Limited and the investing public. The notice, which is signed by […]

Business

VFD, Mecure’s listing add N179bn to NGX market capitalization

The three freshly listed equities on the NGX have contributed approximately N179 billion to the exchange’s market capitalization in 2023. Mecure Industries Plc, VFD Group Plc, and Chapel Hill Denham’s Nigerian Infrastructure Debt Fund are the stocks that will be listed on the NGX in 2023. NGX has returned over 41% so far this year, […]

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

MTN Nigeria raises N72.1bn via Commercial Paper issuance

MTN Nigeria Communications Plc has concluded series 10 commercial paper issue as part of its expanded N250 billion commercial paper issuance strategy. According to The Times, this was included in the company’s notification to the investing public and Nigerian Exchange Limited. The telecom giant claimed in a statement signed by Company Secretary, Uto Ukpanah that it […]

Netflix commits over $23.5m into Nigeria entertainment industry - FG
featured

Netflix commits over $23.5m into Nigeria entertainment industry – FG

    By Wilson Adekumola The Minister of Art, Culture and Creative Economy, Mrs Hannatu Musawa, has disclosed that Netflix has committed more than US$23.5 million into the Nigeria entertainment industry to provide a platform to have the `Black Book’, a movie from the country’s shores that has attracted 70 million worldwide views. Musawa, disclosed […]

Farmers to increase revenue using agro-commodity trading app
Agribusiness

Farmers to increase revenue using agro-commodity trading app

An application for trading agricultural commodities has been developed to provide farmers with market access and to improve the supply of raw resources to industries. The PUNCH reported that designers of the Straddle app noted that farmers were unable to obtain vital information regarding fair pricing and market trends because there was not the technology available […]

FG targets 6500 megawatts power generation in six months
Business

NOMAP, Nasarawa collaborate on electricity projects

The Nasarawa State Government has partnered with the Nigeria Off-Grid Market Acceleration Program in order to ensure the swift development and implementation of the state’s energy projects and to advance its power and sustainability agenda, following President Bola Tinubu’s signing of the Electricity Act, 2023 into law. The PUNCH reported that the collaboration, according to the […]

Ontario cancels $100m Starlink contract in US-Canada tariff war
News Tech

Zambian legislators to get starlink kits for constituencies

Every legislator in Zambia’s legislature will get a Starlink kit for their home district coming two months after the Internet satellite service was introduced in the nation of Southern Africa. The Minister of Technology and Science, Felix Chipota Mutati, stated that in the first year the government will be responsible for covering the costs of […]