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FG identifies $23bn in potential energy transition investments
Energy

FG identifies $23bn in potential energy transition investments

The Minister of Power, Adebayo Adelabu, has stated that the Federal Government has identified around $23 billion in investment potential in Nigeria for projects that are directly tied to the country’s Energy Transition Plan. This information was released on Monday. According to The Punch, Adelabu stated during his speech at the 2nd German-Nigerian Symposium on Green Hydrogen that […]

Alphabet sells shares in trading platform Robinhood
News Tech

Alphabet sells shares in trading platform Robinhood

Alphabet, Google’s parent company announced on Monday that it has sold its interest in Robinhood Markets, a provider of trading apps. The revelation was made many months after Alphabet cut its ownership of the business by about 90%. After that transaction, it possessed about 612,214 Robinhood shares. It has been stated that Alphabet had invested […]

TikTok launches feature for quality sleep amid lawsuits
News Tech

Nepal moves to ban TikTok

Nepal on Monday announced that it will ban China’s TikTok, citing the “misuse” of the well-known video app as the reason for the disruption of societal harmony and goodwill, and the growing need for its regulation. Over the last four years, over 1,600 cases of cybercrime related to TikTok have been reported in Nepal, as […]

NCRIB, Insurfeel Initiative collaborate on student insurance
Business

NCRIB to boost professionalism

The newly elected President of the Nigerian Council of Registered Insurance Brokers, Babatunde Oguntade, says he will increase professionalism in the industry as part of his eight-point plan during his tenure. The Punch reported that the 22nd president of the NCRIB declared during his introductory speech that he would uphold the traditions set by his forerunners. “The […]

AfDB, ECOWAS sign $12m agreement to boost Rice production
Business

AfDB to grant Nigeria $618m for digital, creative businesses

The Investment in Digital and Creative Enterprise project of the African Development Bank has concluded an agreement to provide $618 million to Nigeria. The News Agency of Nigeria reported that the Nigerian government is currently in the process of appointing a fund manager for the project, according to the Country Director-General for Nigeria at the AfDB, Mr. Lamin […]

Payments platform Zelle to refund to fraud victims
News Tech

Payments platform Zelle to refund to fraud victims

Banks using the payment app Zelle have started refunding victims of imposter frauds in response to worries about consumer protection expressed by US politicians and the federal consumer watchdog. According to Early Warning Services, the bank that owns Zelle, 2,100 financial institutions on the peer-to-peer network, which is owned by seven banks, including JPMorgan Chase […]

Dangote refinery urges NUPENG, PTD to resolve conflict
Business

Dangote will tackle unemployment – Fatima Aliko-Dangote

The Executive Director of Commercial Operations for the Dangote Group, Hajia Fatima Aliko-Dangote, has reaffirmed the company’s commitment to eradicating the high rate of youth unemployment in the country. According to The Punch, Aliko-Dangote revealed this information during the just-finished “Dangote Day” at the Lagos International Trade Fair. He stated that since the company’s founding, President […]

American Lotto announces cashless payout
News

American Lotto announces cashless payout

The American Tech Company subsidiary Millionaire Powerplay Limited has introduced its fast cashless payment brand to Nigerians, offering the highest money prices and odds on the site. The Punch reported that this was declared by the company in a statement. According to the company, in an effort to empower over 7,000 Nigerians each week and […]

Dangote refinery secures licence to refine crude oil
News

Dangote refinery secures licence to refine crude oil

Africa’s wealthiest man,Aliko Dangote, has announced that his refinery has obtained a license to process over 300,000 barrels of Nigerian crude daily and is set to commence gasoline production soon. “We don’t want to start our refinery with foreign goods, we want to start with the Nigerian crude,” Dangote said in an interview in Riyadh […]

NNPC, First E&P provide free healthcare in host communities
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NNPCL boosts TotalEnergies’ oil production to 275,000 bpd

The Nigerian National Petroleum Company Limited has restored TotalEnergies’ daily oil production back up to 275,000 barrels. According to The Times, this is in line with a statement dated November 12 and signed by NNPCL’s chief corporate communications officer, Olufemi Soneye. The statement claimed that TotalEnergies Management, the Nigerian Union of Petroleum and Natural Gas Workers, and […]

NGX Group reports N5.2bn after tax
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Why NGX targets Aramco in dual listing with Saudi Exchange

The proposed dual listing of the Nigerian Exchange Limited with the Saudi Exchange has Saudi Aramco, a significant target and one of the world’s largest firms by revenue, as its primary focus. The Punch reported that the group chairman of the Nigerian Exchange Group, Dr. Umaru Kwairanga, hinted at the ambitions for a dual listing with […]

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