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

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

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FG investigates N-Power over irregularities
News

FG investigates N-Power over irregularities

The Federal Government has announced that the N-Power program will be suspended indefinitely. According to TVC News, this information was revealed by the Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu. She emphasized that the government has been looking into how funds have been used from the program’s start and said that anomalies inside the […]

Oil and Gas

Oil marketers express concern over inferior petrol in fuel stations

Concern has been expressed by oil marketers regarding the lightness of Premium Motor Spirit, often known as petrol, in some filling stations, adding that the goods are below the standard set by the Nigerian Midstream and Upstream Regulatory Authority. The Times reported that the marketers attributed this to a shortage of locally refined petrol while describing […]

Telecommunications

Telecoms FDI records 494% drop Q2 2023

Foreign Direct Investments in Nigeria’s telecoms sector continued to fall in the second quarter of this year, with telecom companies attracting $25.81 million. According to The Times, this shows a 494% decrease year over year when compared to the $153.50 million reported at the same time last year. However, the Q2 result indicates a modest increase over Q1 […]

Spanish private firm launches first space rocket
News Tech

Spanish private firm launches first space rocket

The Spanish company PLD Space launched its recoverable Miura-1 rocket from a location in southwest Spain early on Saturday. This is the first entirely private rocket launch in Europe, offering some optimism for the region’s stalled space initiatives. After two failed efforts, the startup finally succeeded with its test night launch from Huelva. The Miura-1 […]

Nigeria’s blue economy offers 350 million jobs- NIMASA
Business

Nigeria’s blue economy offers 350 million jobs- NIMASA

The Director-General of the Nigerian Maritime Administration and Safety Agency, Dr. Bashir Jamoh, emphasized that 350 million employment may be created in Nigeria through the blue economy. According to The Times, during the NIMASA Special Day at the 18th Abuja International Trade Fair, he made this statement while being represented by the Acting Coordinator of […]

Amazon launches first internet satellite
News Tech

Amazon launches first internet satellite

Amazon has launched a United Launch Alliance rocket carrying the first two Project Kuiper prototype satellites lifted off from Cape Canaveral, Florida, at 2:06 p.m. ET on Friday. This development pits the tech company against SpaceX and its Starlink system, Amazon has formally entered the race to develop vast constellations of satellites that can cover […]

Business

Nigeria’s foreign capital imports drop 9% – NBS

The National Bureau of Statistics’ foreign capital report shows that, compared to the first three months of 2023, Nigeria’s importation of foreign capital decreased by 9.04% in the second quarter of 2023. The Times reported that the country’s foreign capital decreased by 32.90% year over year, from $1.53 billion in the second quarter of 2022 to […]

Snap unveils new lens studio tools for AR creators
News Tech

UK to probe Snapchat over privacy violations

British data watchdog stated on Friday that Snapchat may not have adequately considered the privacy threats to youngsters posed by its artificial intelligence chatbot. It further stated that before making any final enforcement decisions, it will take the company’s answer into account. The Information Commissioner’s Office warned that the April-released “My AI” programme would be […]

India warns YouTube, X, others over child abuse content
News Tech

India warns YouTube, X, others over child abuse content

India addressed letters to the social media sites X, formerly known as Twitter, Youtube, and Telegram on Friday, requesting that they make sure that there is no content containing child sexual abuse on those sites. If the businesses don’t comply, they risk losing their immunity from liability, the government warned in a statement. The federal […]

Ghanaian fintech Dash shuts down
Uncategorized

Ghanaian fintech Dash shuts down

A Ghanaian fintech business that aims to link bank accounts and mobile money wallets across Africa, Dash, has announced that it is ceasing operations. The news of the closure was first reported by WeeTracker. Dash, a company established in 2019 by Prince Boakye Boampong, sought to provide interoperability between mobile wallets and bank accounts in […]

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