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EFCC defends Osun account freeze, cites N11bn probe

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Osun to sue EFFC over frozen account

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US introduces $250,000 visa bond rule for some applicants

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Delta attracts foreign investors as Brazil, Malaysia, explore partnerships

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Walt Disney bets on cricket on smartphone to woe subscribers
News Tech

Walt Disney bets on cricket on smartphone to woe subscribers

Walt Disney hopes to turn around the fortunes of its streaming business in India by providing free cricket on smartphones. The company is hoping that this move will increase advertising revenue and lessen the effects of a customer exodus. For the year ending in March 2022, the India streaming business, which by number of subscribers […]

Poland to probe OpenAI over privacy concerns
News Tech

OpenAI launches ChatGPT for businesses

OpenAI is extending the overlap between what the company offers to clients with the launch of a version of ChatGPT geared at major businesses. According to the company, ChatGPT Enterprise provides additional security, privacy, and faster access to OpenAI’s technologies. Block, Carlyle, and Estee Lauder Companies are examples of early clients. OpenAI’s consumer-focused ChatGPT, which […]

HURIWA criticizes NBS over unemployment data
News

HURIWA criticizes NBS over unemployment data

The Human Rights Writers Association of Nigeria on Monday, criticized the National Bureau of Statistics recent unemployment data. According to the organization, the country’s unemployment rate fell dramatically from 33.1 percent in March 2021 to 4.1 percent in the first quarter of 2023. In response, the group’s national coordinator, Emmanuel Onwubiko, accused the entire process […]

85% Nigerian graduates lack digital skills - Report
News

85% Nigerian graduates lack digital skills – Report

A poll conducted by GetBundi, an online education technology company, has revealed that more than 85% of Nigerian graduates lack digital skills. The Guardian reported that according to the Chief Executive Officer of the organization, Mr. Osita Oparaugo, the study results suggest that more than 100 million young people are not equipped to take up decent career prospects […]

Tinubu, Wike, others to attend CIBN conference
News

Tinubu, Wike, others to attend CIBN conference

President Bola Tinubu, Minister of the Federal Capital Territory Nyesom Wike, World Bank Country Director Shubham Chaudhuri, and other key industry stakeholders are expected to attend the Chartered Institute of Bankers of Nigeria’s 16th annual conference. The Punch reported that the Chairman of the Conference’s Consultative Committee, Bukola Smith, stated this during a news conference on Monday. […]

Dangote cement hits historic N10trn market capitalization
featured

Dangote justifies cement price amidst criticism

Dangote Cement Plc has stated that its cement pricing is comparable to or cheaper than those seen along the West African coast. The Punch reported that the company stated that, contrary to widespread media allegations, the price of a bag of cement from its Nigerian facilities had not increased. The company had faced widespread criticism […]

Why importers abandon cargoes in Nigerian ports
Business

Customs, NPA plan synergy to track export cargoes

Juliet Buna The Nigeria Customs Service has said there is a need to form a joint team with the Nigerian Ports Authority to redefine export activities through the installation of trackers. This was contained in a statement by the acting Comptroller General of Customs, Adewale Adeniyi. He also expressed commitment to enhancing the output of […]

Nigeria, others to get more foreign investments despite currency crisis - Citigroup
Business

Nigeria, others to get more foreign investments despite currency crisis – Citigroup

Citigroup Inc. has revealed that despite the sharp depreciation of their currencies, Nigeria, Angola, and Kenya are among the African nations that are anticipated to attract additional international investment flows. This came just a week after global financial services giant JP Morgan announced that Nigeria’s net FX Reserve is believed to be at $3.7 billion, far […]

Fidelity Bank targets $250m Nigeria, UK businesses' deal
Banking

Fidelity Bank reports highest earnings per share on NGX H1 2023

Fidelity Bank Plc has been named the firm with the greatest earnings per share on the Nigerian Exchange Limited for the second year in a row. According to a BusinessDay report, the firms with the highest earnings per share during the review period were Fidelity Bank, Seplat Energy, Total Energies, Okomu oil, Presco, Dangote Cement, […]

Patricia promises increased security after hack, illicit withdrawals
News Tech

Patricia to pay back customers’ funds with token

Embattled crypto company, Patricia has stated that the $2 million in client cash lost in a hack will be repaid to users using a newly constructed debt management token called the Patricia token. The tokens—which are the dollar equivalent of the assets of the respective customers—will be locked by a smart contract, according to Patricia’s […]

Bayelsa set-up committees to clear N6bn in LG retiree pensions, gratuity
News

Bayelsa set-up committees to clear N6bn in LG retiree pensions, gratuity

The Bayelsa State Government established eight committees on Monday to oversee the payment of gratuities, pensions, and death benefits owed to retired employees of the state’s eight local government councils. The Punch reported that the state deputy governor, Lawrence Ehwrudjakpo, who inaugurated the committees in his office in Government House, Yenagoa, set July 2024 as the […]

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