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ALTON support NCC drive for made-in-Nigeria smartphones

  • 27th June 2026

FCCPC grants full approval to 48 previously conditional

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African fintechs must evolve into institutions — Experts

  • 27th June 2026

Uber tightens US driver screening amid rising sexual

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ALTON support NCC drive for made-in-Nigeria smartphones

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FCCPC grants full approval to 48 previously conditional loan

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UK plans new legal routes for refugee sponsorship

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African fintechs must evolve into institutions — Experts

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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% […]

FG summons cement manufacturers over price hike
Business

BUA records 26.52 profit rise in Q2 2023

BUA Cement’s Q2 2023 results for the time period ending June 2023 has shown that earnings before tax increased by 26.52% annually to reach N40.963 billion. Additionally, during the same time period, the cement company’s earnings after tax increased by 30.45% YoY to N36.815 billion. Thus, the earnings per share for the second quarter came to […]

Business

BUA records 26.52 profit rise in Q2 2023

BUA Cement’s Q2 2023 results for the time period ending June 2023 has shown that earnings before tax increased by 26.52% annually to reach N40.963 billion. Additionally, during the same time period, the cement company’s earnings after tax increased by 30.45% YoY to N36.815 billion. Thus, the earnings per share for the second quarter came to […]

Nigerian team wins at Huawei ICT competition
News Scams

Nigerian team wins at Huawei ICT competition

The Nigerian team has won a prize at the just concluded Huawei ICT Competition 2022-2023 Global Final in Shenzhen, China. The team from Ahmadu Bello University and Jilin University won the Grand Prize of the innovation competition. The Network Track Grand Prize was won by teams from Yangtze Normal University, Hunan Industry Polytechnic, Guilin University […]

Russia to reinvest in Nigeria, others
Economy

Russia to reinvest in Nigeria, others

There are signs that Russia would actively promote the resumption of its foreign direct investments in Nigeria and other African countries across all economic sectors. According to Vanguard, President of Russia, Vladimir Putin made this statement at the opening plenary meeting of the ongoing Russia-Africa Economic and Humanitarian Forum taking place in St. Petersburg, Russia. He […]

Elon Musk to remove light mode on 'X' platform
News

Elon Musk to remove light mode on ‘X’ platform

Alex Omenye Twitter CEO Elon Musk on Thursday declared that he would introduce “light mode” to X, the app formerly known as Twitter. “This platform will soon only have ‘dark mode.’ Musk tweeted. “It is better in every way.” Over time, the dark mode has gained enormous popularity. In contrast to light mode, which is […]

How increased electricity access will drive investment - Seplat
Business

Seplat Energy reports N140.6bn gross profit

Seplat Energy Plc, the prominent Nigerian independent energy company, listed on both the Nigerian Exchange Limited and the London Stock Exchange, has announced its unaudited results for the first half of 2023. The company demonstrated robust growth with a 3.8% increase in revenue, reaching N278.3bn from N219.2bn year-on-year. Additionally, a gross profit of N140.6bn was […]

MTN launches 5G in Uganda
Business

MTN launches 5G in Uganda

Alex Omenye Foremost telecommunications, MTN has launched its 5G network in Uganda. The first 5G network in East Africa was launched on Friday by the telecom company MTN Uganda, a branch of the MTN Group in South Africa. With almost 15 million subscribers, MTN has Uganda’s largest customer base. It mostly contends with a Bharti […]

Nigerian businesses to face worse economic conditions - PwC
Economy

Nigerian businesses to face worse economic conditions – PwC

PwC Nigeria’s financial analysts predicted that the effects of the government’s most recent economic changes will result in increased business expenses and decreased revenue for Nigerian companies. Nairametrics reported that the analysts who made this claim in a paper titled “Nigeria Economic Outlook” claimed that the medium-term real economic growth may be slowed by ongoing inflationary […]

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