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Nigeria key to transform renewable energy globally - Miners
Business

Nigeria key to transform renewable energy globally – Miners

The Nigerian Miners Association has stated that the world’s transition from fossil to renewable energy depends on Nigeria, which has enormous mineral deposits. The Punch reported that this was said at the press conference in Abuja for the upcoming 8th edition of Nigeria Mining Week by the Association’s President, Mr. Dele Ayanleke. “The world is transitioning […]

NIPOST reports 275% revenue growth in 2024
Business

NIPOST announces implementation of digital postcodes

The Nigerian Postal Service has declared that it will soon introduce Address Verification System and digital postcodes to improve delivery service, income generating, and security. This was revealed on Thursday at a media conference in Abuja by the Postmaster General of the Federation and CEO of NIPOST, Sunday Adepoju. He stated that by introducing the Postcode […]

Nigerian Exchange ahead in Africa with 33.70% gain
Business

Naira rises on official market, trades 740.67/$

The naira rose against the dollar on Thursday, closing at 740.67/$ on the Investor & Exporter FX window. The naira closed on the I&E window on Wednesday at 773.17/$, continuing its upward trend that began after the Central Bank of Nigeria announced its intention to intervene in the foreign exchange market on Monday. The President […]

Banks increase lending rates after CBN’s MPR hike
Business

Circulated currency drops first time in five months – Report

The total quantity of currency in circulation in the country decreased from N2.6tn (N2,603,266m) at the end of June 2023 to N2.59tn (N2,595,761m) at the end of July 2023. The Punch reported that since February 2023, this is the first time the number has decreased. According to data received from the Nigerian Central Bank, this […]

Nigerians not aware of all opportunities provided by AfCFTA - Stakeholders
Business

Nigeria to engage in continental trade initiative – AfCFTA

Nigeria’s National Working Committee for the African Continental Free Trade Area Executive Secretary, Segun Awolowo, has stated that the country is prepared to participate in the Guided Trade Initiative’s second phase. The goal of the AfCFTA initiative is to facilitate commerce between interested state parties through the connection of companies and goods for export and […]

CBN, others to review 2.9tTn tax credit scheme
Banking

CBN introduces Price Verification System for Forex

By Wilson Adekumola   The Central Bank of Nigeria has commenced the Price Verification System Portal, as requisite for Form ‘M’ application.   Special Adviser on Digital Media to President Bola Ahmed Tinubu, Dada Olusegun made this known on Thursday night in his official X, formerly Twitter handle.   He quoted a notice directed to […]

CBN to rename forex market amidst economic shifts
featured News

CBN denies issuing new policy on Forex

By Wilson Adekumola   The Central Bank of Nigeria has debunked reports going viral on social media and other platforms over new policy actions in the foreign exchange market, saying it was an old release.   The CBN made this known Thursday night in its official X, formerly Twitter handle.   The apex bank disclosed […]

Farmers lament as food prices soar
Business

Farmers lament as food prices soar

Nigerian farmers claim that despite massive investments made in the agriculture industry, the cost of goods and food continues to rise. According to The Punch, farmers from various regions of the country also attributed the failure of the government’s agricultural intervention schemes to the absence of key sector stakeholders’ input throughout the plan development process. […]

Raven Bank
News

Raven Bank offers free Internet to varsity

Raven Bank has introduced Feather Internet in order to improve connectivity and change the education industry. The bank made this announcement at the groundbreaking launch of the first Feather Internet Programme at Ignatius Ajuru University in Port Harcourt, Rivers State. According to a release, the Feather Internet Programme has expanded free high-speed Internet access on campus, giving […]

Google signs $3bn US hydropower deal amid AI energy race
News Tech

Ex-Google researchers launch AI company

Two well-known former Google researchers, David Ha and Llion Jones, unveiled Sakana AI on Thursday, a brand-new AI firm based in Tokyo. According to Jones, Sakana AI will concentrate on developing fresh architectures for foundation models. Jones is the fifth author of Google’s research paper “Attention Is All You Need” from 2017, which presented the […]

MoniePoint begins retail banking, launches app, debit card
Banking

MoniePoint begins retail banking, launches app, debit card

Moniepoint has announced its entry into personal banking with the launch of a customer app and a debit card, marking a new stride in the fintech industry. With a focus on retail banking, Moniepoint will face competition from PalmPay and OPay, which also provide these services. Users of MoniePoint’s new app will be able to […]

Microsoft to shut down Xbox 360 store
News Tech

Microsoft to shut down Xbox 360 store

Microsoft said on Thursday that it would discontinue the online marketplace and store for the Xbox 360 in order to concentrate on its newest system and subscription service, Game Pass. “A lot has changed since the Xbox 360 launched in 2005. Technology has evolved, expectations from players have shifted, and we are focused on making […]

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