Blog

Brazil lifts ban on Starlink, X accounts after fine payment
News Tech

X to add call features for users

Elon Musk has disclosed that users of X, formerly known as Twitter will soon be able to call one another without needing a phone number. The majority of platforms, including iOS, Android, Mac, and Windows, will support the feature. Video and audio calls will soon be available on the platform, with X serving as the […]

NCC dismisses rumors of telecom tariff increase
Telecommunications

Why Nigerians must create value to prevent telecom tariff increase – NCC

The Nigerian Communications Commission has stated that the only option to stop telecom tariff increases is for Nigerians to start producing domestic content that will improve telecom services and decrease importation. During the second Nigerian Telecommunications Indigenous Content Expo, the Executive Vice Chairman of the Commission, Prof. Umar Danbatta, observed that despite increased expenses and […]

Providus Bank vows to encourage non-oil export
Banking

Providus Bank vows to encourage non-oil export

Providus Bank has pledged to assist its clients in developing a domestic economy that is dependent on exports in a sustainable manner. This was said by the Managing Director and Chief Executive Officer of Providus Bank, Mr. Walter Akpani, in his opening remarks at the third hybrid non-oil export conference held by the financial institution in Lagos. […]

MTN internet subscription declines over NIN-SIM linkage
Business

MTN raises N125bn with commercial papers

MTN Nigeria has generated N125 billion through the issue of commercial papers series 6 and 7 under its N250 billion Commercial Paper Issue Program. MTN Nigeria made the announcement on Wednesday in a statement signed by its company secretary, Uto Ukpanah. The firm stated that it hoped to raise N100 billion. The offer received 146% […]

Coup: Gabon's dollar bonds suffer biggest drop
Business

Coup: Gabon’s dollar bonds suffer biggest drop

Gabon’s military coup triggered the largest daily loss in its dollar bonds since the peak of the COVID-19 pandemic on Wednesday, just weeks after the government carried out continental Africa’s first debt-for-nature exchange. According to Reuters, a group of top military commanders in the Central African nation stated on television in the early hours of Wednesday […]

Substack expands video tools, adds livestream clip sharing
News Tech

Substack launches AI-powered tools to aid podcasting

Substack is launching new AI-powered tools, the business announced on Wednesday to aid the making of podcasts on the platform simpler. “We’ve done this all using cutting-edge AI tools, and it reflects our philosophy of not thinking that this AI stuff is ever going to take the place of work done by writers and creators—but […]

Sahara, others encourage recycling through cash for waste initiative
Business

Sahara, others encourage recycling through cash for waste initiative

Go-Recycling, an innovative project sponsored by the Sahara Group Foundation, Lagos State Employment Trust Fund, and Wecyclers, now allows residents of Lagos State to receive cash rewards for their recyclable waste products. According to a statement issued by Sahara, the project, which aims to promote sustainable environmental practices throughout Lagos State, has so far launched […]

NCDMB, BOI sign new MoU over manufacturing fund
Business

NCDMB, BOI sign new MoU over manufacturing fund

The Nigerian Content Development and Monitoring Board and the Bank of Industry have amended their Memorandum of Understanding for the $50 million NOGaPS Manufacturing Fund. The Punch reported that NCDMB established the fund, which is domiciled at BoI, to encourage oil and gas equipment manufacturers to the Nigerian Oil and Gas Parks Scheme. The fund’s goal […]

Shareholders to get N1.5bn dividend - NGX Group
Business

NGX Group to issue shareholders N495m interim dividend

Nigerian Exchange Group Plc intends to pay an interim dividend of 25 kobo each ordinary share of 50 kobo on Thursday, totaling N495.53 million. According to The Punch, this came after the group called an extraordinary board meeting in July to announce its decision to electronically deliver its first dividend to qualifying shareholders following the […]

Business

How DMO sold N406bn treasury bills in July – Report

The Debt Management Office sold off treasury bills worth N406.10 billion in July 2023. The Punch reported that the value of T-bills sold across its auctions in June increased by 0.39 percent (N1.59 billion) month on month to 404.51 billion. The FMDQ Exchange financial markets monthly report for July, which was released on Wednesday, indicated this. […]

Google to unveil new devices October
News Tech

Google to unveil new devices October

Google has disclosed that the newest iteration of the company’s exclusive phone is scheduled to make its New York City premiere on October 4th. Following the launch of the Pixel 7a and Google’s first foldable, the Pixel Fold, at I/O, the future Pixel 8 and Pixel 8 Pro flagship will most probably be unveiled at […]