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Domestic airlines seek FG's permission to import jet fuel, forex
Oil and Gas

Domestic airlines seek FG’s permission to import jet fuel, forex

Domestic airlines under the auspices of Airline Operators of Nigeria on Monday, urged that the Federal Government grant AON the necessary permit for the importation and distribution of aviation fuel, colloquially known as JetA1. According to The Punch, AON also requested that the government set up a special support line so that local airlines may obtain […]

5kg cooking gas price rises by N1000 on month - NBS
featured

Cooking gas price hits N1,200/kg – Report

  Concerns are growing over the escalating price of cooking gas in Nigeria, with reports indicating that a kilogram of cooking gas now costs between N1,000 and N1,200 in various parts of the country. According to Daily Trust, there are fears that the price may continue to surge due to supply disruptions, causing unease among […]

Meta adds direct messaging to Threads in push for growth
News Tech

Meta to add Trends feature to Threads

Meta’s Threads is getting ready to deliver a highly requested feature: Trends in an effort to more effectively compete with X, previously Twitter. A Threads user discovered the change in a screenshot that a Threads employee unintentionally released over the weekend. The screenshot included a numbered list of current subjects along with the amount of […]

FirstBank announces subsidiary name change
Banking

FirstBank announces subsidiary name change

FBNBank Guinea has changed its name to align with its parent brand and to benefit from the strong heritage and brand equity built by First Bank of Nigeria Limited in its more than 129 years of dominance in the banking industry. According to The Times, First Bank of Nigeria Limited is the parent company of FBNBank […]

Vodafone partners Intel to build chipset
News Tech

Vodafone partners Intel to build chipset

Vodafone on Monday reaffirmed its dedication to Open RAN networks by announcing it would cooperate with Intel to develop a chipset design specifically for the emerging technology. The European operator also announced that it was working with Nokia to test the technology in Italy and that it had made its first 4G calls using Open […]

Starlink Nigeria slashes hardware costs by 21%
Business

Starlink Nigeria slashes hardware costs by 21%

Starlink Nigeria has reduced its hardware expenses by 21% in order to capture a larger portion of the Nigerian Internet Service Provider market. The Times reported that the gear from Starlink now costs N299,500 instead of the N378,000 it did before the price cut. The required monthly subscription, however, remained the same at N38,000. The internet business […]

NGX halts trading of delisted-GSK shares
Business

GSK, Zhifei sign £2.5bn deal for shingles vaccine in China

GSK has announced an agreement with China’s largest vaccine firm, Zhifei,  by revenue, to increase global sales of its shingles vaccine by 2026. According to the Financial Times, the UK-based pharmaceutical company said Zhifei had agreed to acquire £2.5 billion worth of GSK’s blockbuster shot, Shingrix, which is targeted at older individuals, over three years. If GSK’s […]

eNaira not a threat to Nigeria’s financial stability – CBN
Uncategorized

eNaira not a threat to Nigeria’s financial stability – CBN

The Central Bank of Nigeria refutes the assertion that the naira, the country’s Central Bank Digital Currency, poses a risk to the country’s financial stability. The Times reported that the director of corporate communications at the CBN, Isa AbdulMumin, said as much in a statement on Monday. He claimed that the assertion was a misinterpretation of the bank’s just-released […]

Netflix's ad-supported subscription plan rises to 94m users
News Tech

Netflix ends free subscription plan in Kenya

Netflix said on Monday that its free mobile plan in Kenya, which gave subscribers access to a quarter of its episodes and films for free for the previous two years, is coming to an end. It did not specify how many subscribers were gained as a result of the promotion strategy, which was created to […]

Access Pensions introduces financial education to thirty schools
Business

Plan for early retirement, Access Pensions advises young Nigerians

Access Pensions has urged young persons to take proactive steps towards financial security by planning for early retirement. The Punch reported that the company underlined in a statement that it will continue to leverage its internal knowledge to let clients easily access 25% of their retirement savings accounts for mortgage finance. During a webinar with the […]

Mobihealth, SUNU Health partner on telemedicine
Business

Mobihealth, SUNU Health partner on telemedicine

SUNU Health Nigeria Limited has teamed with Mobihealth to provide insurance beneficiaries with telehealth services. According to The Punch, the business claimed in a statement that SUNU Health had been offering health insurance products in Nigeria and other African nations for more than 20 years. Managing Director of SUNU Health, Dr. Korie Patrick, was quoted in […]

Telcos seek price hike, present demand to lawmakers
Telecommunications

Telcos seek price hike, present demand to lawmakers

Telecommunications companies have pushed their demand for higher call and data rates to the House of Representatives. The Punch reported that the telecoms claimed that the cost of conducting business in the country has dramatically increased recently, adversely affecting their enterprises. In their testimony to the House Committee on Communications, the telcos made this disclosure through […]

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