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Naira holds steady at ₦1,368/$ in official FX market

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Zenith Bank ranks among top 100 global corporation
Banking

Zenith Bank increases revenue by 139% to N967bn in H1

Zenith Bank’s gross earnings increased by 139% in the first half of the year, from N404.8 billion to N967.3 billion, thanks to higher interest revenue and gains from currency revaluation. The Punch reported that the banking group’s H1 2023 report, which was submitted on Monday to the Nigerian Exchange Limited, shows that at the end of […]

Flutterwave secures international transfers license in Malawi
Business

Wema Bank, Flutterwave introduce digital FX product

Flutterwave in partnership with Wema Bank and Kadavra, has introduced Swap, a product aimed at digitizing Nigerians’ access to foreign exchange. The Punch reported that corporations stated that this solution provided consumers with a cohesive digital platform while also streamlining and improving the FX experience. Flutterwave said in a statement that users of Swap would receive specialized cards, […]

FG urges govs to justify use of subsidy removal savings
featured

Presidential committee to cut taxes, levies by 83%

The chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele, stated that the goal of his committee was to bring down taxes and levies to less than 10, which would represent an 83.33 percent reduction. According to Channels Television, he stated on Monday that Nigeria has around 60 different types […]

ChatGPT exposed minors to sexual content, OpenAI confirms
News Tech

Authors drag OpenAI to court over copyright infringement

A number of American authors, including Pulitzer Prize winner Michael Chabon, have filed a lawsuit against OpenAI in federal court in San Francisco, alleging that the company improperly used their writing to train ChatGPT. In their lawsuit filed on Friday, Chabon, playwright David Henry Hwang, authors Matthew Klam, Rachel Louise Snyder, and Ayelet Waldman claimed […]

X handle of Ethereum founder Vitalik Buterin hacked
News Tech

X handle of Ethereum founder Vitalik Buterin hacked

The X handle of Ethereum founder, Vitalik Buterin was hacked, and the hacker defrauded his unsuspecting followers’ funds to the tune of $700,000 after sharing malicious links with them. On Saturday, the hacker who obtained access to Vitalik Buterin’s account announced the release of a fresh set of commemorative NFTs from software vendor Consensys, in […]

Zenith Bank reports N1.03trn profit in 2024 financial results
News

Zenith Bank declares N15.70bn interim dividend

Zenith Bank Plc declared an interim dividend of N15.70 billion, or N0.50 per share, to be distributed to shareholders for the six-month period that ended in June 2023. This information was provided to the Nigerian Exchange Limited in the company’s corporate action notification. The company’s board of directors recommended paying an interim dividend of N0.50 […]

Nigeria to end gas flaring by 2030 - NUPRC
Oil and Gas

Nigeria produced 1.4 million bpd of oil in August 2023 – NUPRC

Nigeria produced 1. 4 million barrels of crude oil per day, according to data from the Nigerian Upstream Petroleum Regulatory Commission. The Times reported that the figures show that in August, the production of crude oil was 1,181,133 barrels per day, the production of blended condensates was 49,306, and the production of unblended condensates was 184,225 […]

The Doyen of Accounting, Mr. Akintola Williams, has been reported to have passed on at 9 a.m. this morning.
News

Accounting icon, Akintola Williams passes on at 104

The Doyen of Accounting, Mr. Akintola Williams, has been reported to have passed on at 9 a.m. this morning. He was the first accountant to qualify as a chartered accountant. He recently celebrated his 104th birthday on the 9th of August 2023. On numerous occasions, he has been recognized for his contributions to the accounting […]

10 facts about Nigeria's accounting icon Akintola Williams
News

10 facts about Nigeria’s accounting icon Akintola Williams

    In the rich tapestry of Nigeria’s history, few names stand as tall and enduring as that of Akintola Williams. Born in 1919 into a distinguished lineage, he would grow to become a trailblazer, not just in the field of accounting but as a pioneer in shaping the very foundations of Nigeria’s economic and […]

Interswitch activates payment gateway with Google Pay
News Tech

Interswitch activates payment gateway with Google Pay

Nigerian payments provider Interswitch, has enabled support for Google Pay, through the Interswitch Payment Gateway. Nigerian customers and businesses can now use the Google Wallet app to make online payments by adding their debit and credit card information. Users can also create virtual cards or use foreign credit cards to make purchases when they check […]

WhatsApp accuses Moscow of attempting to block communications
News Tech

WhatsApp to activate iMessage on platform

Meta’s WhatsApp is gearing up to enable functionality for outside messaging platforms like Apple’s iMessage. The action is being taken as the March 2024 effective date of the Digital Markets Act of the European Union approaches . The EU has acknowledged adding Meta to a list of gatekeepers, which requires Meta and the other companies […]

Coinbase clarifies rumors of Indian operations closure
News Tech

Coinbase clarifies rumors of Indian operations closure

Coinbase has released a clarification after a rumoured report stated that Coinbase would shortly cease all operations for its Indian customers. Users of Coinbase India were apparently informed via email that all services would end on September 25 and advised to withdraw any cash still present on the exchange. “We are reaching out to inform […]

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