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Healthcare management seeks review of health insurance guidelines
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Healthcare management seeks review of health insurance guidelines

The National Health Insurance Act 2022’s operating requirements should be revised, according to the Health and Managed Care Association of Nigeria, in order to promote an affordable and inclusive healthcare system in the nation. According to The Punch, this was declared by the association during the recently conducted Annual General Meeting of HMCAN and the […]

FG sets December deadline for completion of East-West road
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Construction of concrete road to cost $35bn – FG

The Minister of Works, David Umahi, has disclosed that the government requires $35 billion to begin the statewide construction of concrete roads. According to The Punch, he added that 16% of the steel required for building Nigeria’s roads with concrete pavement will come from the moribund Ajaokuta Steel Company. This far-reaching agreement was the focus […]

OpenAI removes Sam Altman as owner of $175m startup
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OpenAI rehires sacked CEO Sam Altman

        Sam Altman is set to reclaim his position as CEO of OpenAI, overcoming the upheaval caused by an attempted boardroom upheaval that disrupted the company in recent days. Also, Greg Brockman, the former president who resigned in protest of Altman’s dismissal, will also make a return. In a statement released late […]

Operator laments skill shortage in furniture industry
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Operator laments skill shortage in furniture industry

    The CEO of DO.II Designs Ltd, Ifeyinwa Ighodalo, has lamented the challenges confronting Nigeria’s furniture industry. According to The PUNCH, while speaking at a press briefing in Lagos on Tuesday, She emphasized a substantial skills gap and a scarcity of dollars among the various challenges in the industry. While unveiling the upcoming DO.II […]

Binance founder Zhao steps down
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Binance founder Zhao steps down

Changpeng “CZ” Zhao is leaving his position as CEO of Binance as part of a significant $4 billion deal with the Department of Justice and the cryptocurrency exchange he founded, Forbes reported on Tuesday. The move follows a Tuesday settlement with the Office of Foreign Assets Control, the Financial Crimes Enforcement Network of the Department […]

FG revokes 1,633 mining licences
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FG revokes 1,633 mining licences

Juliet Buna At least 1,633 mineral titles previously given to non-complying mining companies have been revoked by the federal government. According to The PUNCH, the minister of Solid Minerals Development, Dele Alake, announced this during a press briefing on Tuesday in Abuja. He said the licenses of these mineral title holders were revoked due to […]

Foreign shipping firms must obey tax laws- FIRS
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Foreign shipping firms must obey tax laws- FIRS

Executive Chairman of the Federal Inland Revenue Service, Zacch A. Adedeji,has challenged multinational shipping companies operating in Nigeria to make sure they balance their accounts with the Service by December 31, 2023. Adedeji’s directive is as part of his attempts to enforce strict compliance with the nation’s tax regulations. According to a statement by his […]

E-Commerce startup Alerzo lays off 100 workers
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E-Commerce startup Alerzo lays off 100 workers

Eight months after laying off 400 employees, the e-commerce startup Alerzo, which raised $10.5 million in a Series A round in 2021, has laid off at least 100 staff. A spokesmanfor the company acknowledged that at least 100 positions were impacted, although they withheld the precise number. “As a company, we’ve invested and built an […]

FG didn't tamper with MTN, 9Mobile, other internet connection - Minister
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FG announces recruitment for community managers

The ongoing 3 Million Technical Talent programme of the Federal Government has announced the recruitment of Community Managers. The Ministry of Communications, Innovation, and Digital Economy made this announcement in a statement that was made public on Monday. The Ministry reports that 37 Learning Community Managers would be appointed nationwide to oversee the activities of […]

CBN grants AIP license to Bloc MFB
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CBN grants AIP license to Bloc MFB

The Central Bank of Nigeria has granted Bloc Microfinance Bank an Approval-in-Principle to operate in Nigeria. With the approval, Bloc Microfinance Bank, a subsidiary of Nigerian fintech startup, Bloc, now has the license to launch its banking services in Lagos, the country’s commercial capital. “This sets the right tone for Bloc as a financial technology […]

Lagos plans CNG-powered buses by end of 2024
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LASG defends N444m SUVs, N7m diffuser expenses

The Lagos State Government has finally responded to the widely spread post disclosing budgetary purchases for 440 million SUVs for the Chief Staff office and N7 million fragrance for the governor’s office, among other opulent costs. According to Nairametrics, the State government claimed the costs are reasonable given the current state of the country’s economy in a […]

OpenAI CEI denies sister's rape allegations, calls claims untrue
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OpenAI investors to sue company over Altman sack

Some investors in OpenAI, the company that created ChatGPT, are considering taking the board of the company to court, according to a report by Reuters on Monday. The report claims that investors are researching their alternatives in collaboration with legal counsel. Whether or whether not these investors will sue OpenAI was not immediately apparent. With […]

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