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IMF urges stronger crypto regulation in Nigeria to

  • 10th June 2026

ALTON plans N1.86tn investment to boost network expansion

  • 10th June 2026

FG pledges stronger fiscal reporting, transparency after IMF

  • 10th June 2026

FG unveils $1bn AfCFTA credit facility to boost

  • 10th June 2026

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UK refuses to back down on tech platforms crackdown

Business

Lagos is more expensive than US, BNXN laments after

Entertainment featured

NIS deploys tech, boosts surveillance to curb illegal migration

Travel

Oil prices rise as US strikes on Iran raise

Oil and Gas

Blog

UAC returns to profitable ways, reports N12.7bn profit in 2023
Business

UAC reports N3.5bn FX gain, 87.5% profit

UAC Plc published its 2023 half-year figures, showing pre-tax profits of N4 billion compared to a pre-tax loss of N966 million during the same period last year. The result of the second quarter contributed to the first half of the year’s profits increasing to N3.1 billion. The profitability was mostly due to an increase in finance […]

Elon Musk’s xAI in talks to raise $10bn at $75bn valuation
News Tech

X rolls out creators’ ads revenue sharing programme

X, formerly known as Twitter, has announced its “Ads Revenue Sharing” program from now open to all qualified creators worldwide. Elon Musk, the owner of X, stated in posts that the program’s goal is to give $5 million to creators in the first round. From the month of February onward, this would add up. As […]

10 things you should know about online shopping
E-commerce

10 things you should know about online shopping

Online shopping has revolutionized the way we shop, bringing convenience and a world of choices right to our fingertips. With a few clicks, we can explore an endless array of products and have them delivered to our doorsteps within days. However, this modern marvel of shopping also comes with its share of challenges and potential […]

Tesla grants Elon Musk $29bn in shares
News Tech

Elon Musk’s X platform hits milestone

Elon Musk announced on Friday that the number of monthly users of social media site X, formerly known as Twitter, had achieved a “new high” and published a graph displaying the most recent figure of over 540 million. Musk made the user statistics post on X as the firm underwent organisational changes and sought to […]

UBA begins $6bn project to support African SMEs
Banking

Subsidy: UBA approves benefits for all employees

The United Bank for Africa Plc Board has approved a welfare allowance for every employee. The decision was made to lessen the impact of the elimination of the fuel subsidy as workers adapted to the current economic difficulties. According to the Bank’s press statement, the welfare allowance is effective right away. The bank has adopted a second […]

Nestle Nigeria reports N123.7 bn FX loss
Business

Nestle Nigeria reports N123.7 bn FX loss

Nestle Nigeria Plc has announced a pre-tax loss of N86.5 billion for the fiscal second quarter ended June 30, 2023. As a result of the losses, Q1 gains were completely erased, bringing the half-year profits to N61.6 billion, which was one of the worst results in recent memory. The main cause of Nestle Nigeria’s losses was a […]

MTN internet subscription declines over NIN-SIM linkage
Business

MTN suffers N131bn FX loss, earnings drop by 64%

MTN Nigeria Plc’s 2023 second-quarter results have revealed that pre-tax profits decreased dramatically by 64% to N44.6 billion. As a result, its half-year profits decreased to N200.3 billion from N268.6 billion during the same period in 2022. Like the majority of Nigerian businesses, MTN also had a N131.4 billion foreign exchange loss, which reduced profitability. […]

Banks record N72bn from account maintenance
featured

Banks provide $533.48m for foreign education

The Central Bank of Nigeria has received $533.48 million from banks to be used towards international education. The Punch reported that the sum of the funds disbursed between October 2022 and March 2023 was used to calculate the figure that was taken from the central bank’s most recent statistical bulletin. However, experts anticipate that given the CBN’s […]

Gas flare fine hits N44.4bn in six months - FG
Oil and Gas

Gas flare fine hits N44.4bn in six months – FG

The Federal Government reported on Friday that the entire gas flare fines collected from oil and gas businesses since January 2023 is $85.1 million, or N44.4 billion at the time’s average exchange rate of N521.2 to the dollar. According to the Punch, as flare fees were intended to serve as a deterrent to encourage greater compliance and the […]

French regulator questions Worldcoin’s data collection
News Tech

French regulator questions Worldcoin’s data collection

The French privacy authority CNIL has stated that Worldcoin’s collection of biometric data “seems questionable” in terms of legality. Users of the new Worldcoin platform which was founded by OpenAI founder, Sam Altman must scan their irises in order to receive a digital ID and, in some countries, free Bitcoin. According to its website, during […]

Equity market retail participation hits 35% in September - NGX
Business

Nigerian Exchange Group records 63% profit decline

Nigerian Exchange Group’s Q2 2023 results for the period ending June 2023, pre-tax earnings decreased by 63% YoY to N319 million in Q2. Additionally, during the same time period, the company’s earnings after taxes fell significantly by 66% YoY to N225 million. Key highlights: Total income down 11.14% YoY to N2.125 billion  Transaction Fee: 53.83% […]

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