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Seplat, Aradel, Oando post ₦7.05trn revenue amid US-Iran war

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Investors pledge $1bn to gas-to-power projects
Business

Investors pledge $1bn to gas-to-power projects

An oil and gas report reviewed on Sunday showed that only $1 billion has been pledged by investors to the $80 billion in gas-to-power projects slated for establishment in Nigeria. According to The Punch, stakeholders in the industry said in the report that financing for natural gas projects had decreased as a result of the push […]

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How Nigeria borrowed $1.21bn to boost capital imports – NBS

Nigeria increased its capital imports in the first half of 2023 by borrowing $1.21 billion from abroad. According to a National Bureau of Statistics on Nigeria Capital Importation report, 28 states were unable to entice any foreign investments during the period under review. In comparison to the same period in 2022, total capital imports in […]

Enugu govt shuts down ShopRite, SPAR, others overtax evasion
Business

Enugu govt vows to boost local economy through arts

The Chairman of the Enugu State Tourism Board, Dame Rita Mbah, said the government will provide full assistance to arts curators and gallerists in order to improve the local economy. According to Vanguard, Dame Mbah provided the guarantees at the weekend launch of the Kachi James Gallery in Enugu. “Art galleries are a great idea since they […]

Japanese PM Kishida to lay out AI regulations
News Tech

Japanese PM Kishida to lay out AI regulations

Japanese Prime Minister Fumio Kishida will lay out regulations for generative AI developers during a speech on Monday in Kyoto, according to the Yomiuri Shimbun newspaper. By assisting the public in differentiating between images and information produced by AI and those that aren’t, the guidelines seek to prevent misinformation, according to the Yomiuri. The recommendations […]

NVIDIA calls off AI Summit in Israel over war
News Tech

NVIDIA calls off AI Summit in Israel over war

Nvidia has postponed a two-day AI Summit scheduled to be held in Israel in a week due to worries for the attendees’ safety and welfare. The number of Israelis killed by Hamas strikes has increased to 600, with 2,000+ being injured and more than 100 hostages abducted. According to data from the Gaza Health Ministry, […]

Methanol Technology to create 40m jobs in two years - FG
Business

Methanol Technology to create 40m jobs in two years – FG

The federal government has announced that its methanol fuel technology program will create more than 40 million new job opportunities for Nigerians within the next two years. According to Nairametrics, the government’s methanol economy program seeks to make use of methanol’s enormous potential as a clean and sustainable energy source. The Minister of Science, Innovation, and […]

Japan okays $205m for electric aircraft systems
News Tech

Japan okays $205m for electric aircraft systems

Japan would provide 30.6 billion yen ($205 million) in subsidies for hydrogen fuel cell systems and other equipment, Nikkei Business Daily reported on Sunday. According to the publication, the government’s choice is intended to encourage the creation of electric aircraft parts with lower carbon dioxide emissions. According to the statement, the commerce ministry will present […]

NICA advocates credit access for students, Informal sector
Business

NICA uses mandate to create thriving credit system

The National Institute of Credit Administration has vowed to help the economy transition from a cash-based economy to a thriving credit economy. The Punch reported that NICA Act number 26 of 2022, which grants control, oversight, and regulation over the credit management profession in Nigeria, was also cited as a reason to celebrate the newly […]

UBA coaches over 700 management trainees
Banking

UBA coaches over 700 management trainees

The expanded Graduate Management Accelerated Program was launched by the United Bank for Africa Plc, Africa’s Global Bank, to train future professionals across Africa. According to The Punch, over 700 graduates were admitted into the UBA Tribe following a demanding six-month hands-on learning and working experience, according to a statement from the Bank. The authorized program, which […]

Snap unveils new lens studio tools for AR creators
News Tech

New Snpachat update angers users – Report

An update to the social media site is causing frustration among Snapchat users once more. This time, it has to do with the formerly charming but now unsettling Bitmoji. Users were shocked last week when Snapchat’s cartoon avatars underwent a facelift as part of its efforts to further 3D-ify Bitmoji. “The Bitmoji has evolved into […]

Jaiz Bank demands listing of N5.4bn shares on NGX
Banking

Jaiz Bank demands listing of N5.4bn shares on NGX

Jaiz Bank Plc has submitted a request to Nigerian Exchange Limited for the approval and listing of a rights issue of 5.4 billion ordinary shares of N0.50 each at N1.00 per share. According to Nairametrics, this was stated in the NGX weekly report. Trading License Holders were informed, according the statement, that Jaiz Bank Plc. […]

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