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Bitcoin falls below $100,000 in crypto market
Crypto

Crypto-Nigeria makes up 67% of Africa’s interest – Report

In comparison to other African nations, Nigeria has shown the greatest interest in digital currencies like Bitcoin and Ethereum, according to a study published by price monitoring firm CoinGecko. According to data collected so far this year, the most populated country in Africa is responsible for 66.8% of the continent’s cryptocurrency interest  Prior to now, Nigeria […]

Meta's Twitter-like Threads hits 100m users in five days
News

Meta’s Twitter-like Threads hits 100m users in five days

    More than 100 million users have downloaded the Threads app, which Instagram released as a Twitter rival, in less than five days. According to data tracking websites Monday, this seea Thread overtake CHATGBT’s records of the fastest growing users. While ChatGPT took two months and TikTok took nine months to gain 100 million […]

First robotic warehouse launches in Asia
News Tech

First robotic warehouse launches in Asia

A British online grocery store and technology company, Ocado, announced on Monday that the first robotic warehouse it developed for its Japanese partner Aeon had officially opened in Japan. Orders for Aeon’s “Green Beans” brand are now being accepted at the warehouse, or customer fulfilment centre as Ocado refers to them. In a partnership agreement […]

NAFDAC cuts licensing fees by 65%
Policy and Regulations

NAFDAC to tackle rejection of Nigerian food abroad

The National Agency for Food and Drug Administration and Control has collaborated with pre-shipment inspection agents to reduce the rejection of Nigerian food products abroad.   The Director General of the agency, Prof Mojisola Adeyeye, who also heads the Office of Trade and International Relations, decried the alarming rate of rejection of food exports from […]

Development Bank reinstates support for MSME growth
Banking

Development Bank reinstates support for MSME growth

The Development Bank of Nigeria has reaffirmed its dedication to helping Nigeria’s Micro, Small, and Medium-Sized Enterprises. According to ThisDay, the bank claimed that the action is a clear signal to MSMEs of their importance in generating wealth and opening up opportunities for employment for the plethora of young people who are unemployed in the […]

Kano-Maradi rail line to be completed 2025 - Construction firm
News

Kano-Maradi rail line to be completed 2025 – Construction firm

The 400-kilometer railway line between Kano and Maradi would be finished by 2025, according to the project’s contractors, Mota-Engil Nigeria Limited. Speaking to journalists while receiving over $200 million in heavy-duty equipment to be deployed for the rail project, the company’s Logistics Manager, Mr. Nuno Colaço, said construction of the rail project has begun. He underlined […]

Experts seek partnership for sustainable agribusiness
Business

Experts seek partnership for sustainable agribusiness

Those involved in the agro-industry have been urged by the International Institute of Tropical Agriculture to partner with, invest, and give youths more influence in order to make the sector more profitable and productive. The Innovative Youth in Agriculture hosted an agribusiness investors network at the Ecobank Headquarters in Lagos, and this was the main presentation. In his […]

FCCPC to shut loan apps over harassment
News

FCCPC to shut loan apps over harassment

The Federal Competition and Consumer Protection Commission has stated that it will remove any loan applications that harass users and asked Google to remove such applications from its app store. This was in response to the ongoing harassment and defamation meted out by these digital lenders to Nigerians. The FCCPC required loan applications to register […]

Nigeria's food import bill exceeds N7.8 tn in six years - Report
News

Nigeria’s food import bill exceeds N7.8 tn in six years – Report

Nigeria has spent more than N7.8 trillion in the last six years on food imports despite claims that it is Africa’s food basket. According to ThisDay, the astounding amount shows that Nigeria’s leadership has not yet set the country on the proper path to eradicate hunger by 2030 as required by the Sustainable Development Goals of the […]

FIRS announces new TAXPR-MAX platform for CbCR
Business

Don’t introduce multiple taxes, international centre warns FIRS

The International Centre for Tax Research and Development has urged the Federal Inland Revenue Service against adding multipe taxes in Value Added Tax and increasing the tax burden on customers. This was disclosed in a statement by the president of ICTRD, Morenike Babington-Ashaye. She claimed that it would drive investors out of the manufacturing sector, reducing […]

How traders, mechanics paid N167bn tax - FG
Business

How traders, mechanics paid N167bn tax – FG

Nigerians who worked in the wholesale, retail, and repair of cars, motorbikes, and other vehicles between the first quarters of 2022 and 2023 paid a total of N167.45 billion in taxes. According to The Punch, Value Added Tax and Company Income Tax combined to raise the entire tax. The Federal Inland Revenue Service reveals that VAT […]