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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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BOI pledges support for SMEs, Rivers' industrial hubs
Business

BOI pledges support for SMEs, Rivers’ industrial hubs

The Rivers State Government’s initiative to industrialize would be supported by the Bank of Industry by providing funding for industrial centers and SMEs. The Punch reported that this was said by the bank’s managing director, Olukayode Pitan, recently when he visited the governor of Rivers State, Simi Fubara. Pitan claimed that BOI has spent approximately N55.65 billion […]

AfCFTA: Intra-Africa exports to surpass $1trn by 2035 - Standard Chartered
featured

Why E-commerce is vital to $3.4tn AfCFTA market – Stakeholders

E-commerce, according to stakeholders, has the potential to expand the $3.4 trillion African Continental Free Trade Area market. The Punch reported that they made these remarks on Wednesday at a workshop in Lagos that looked at how Nigeria may benefit from the free trade initiative. The Lagos Chamber of Commerce and Industry organized the session […]

FMBN accuses IPPIS of failing to remit workers' N26bn contributions
News

FMBN accuses IPPIS of failing to remit workers’ N26bn contributions

The Integrated Personal Payroll Information System allegedly failed to transfer N26.6 billion in employee contributions during a two-year period, according to the Federal Mortgage Bank of Nigeria. This was stated on Thursday in Abuja by FMBN’s managing director, Mr. Madu Hamman, who was testifying before a House of Representatives Ad hoc committee looking into non-payment […]

Meta to shut down Facebook Messenger Lite September
News Tech

Meta to shut down Facebook Messenger Lite September

Meta is discontinuing Messenger Lite, their lightweight, simplified version of Messenger, according to TechCrunch. “use Messenger to keep chatting” messages have started appearing for users alerting them to switch to Messenger. For new users, the app has been taken down from the Google Play Store, and it won’t be accessible to current users after September […]

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Nigerian crude production drops 9.65% to 40.12mbd

The total crude oil production was reported to be down 9.65% m/m to 40.12m from 44.40m in June 2023 and down 1.52% y/y to 40.74mn in July 2022. This is despite a significant increase in oil rig count to 14 in Q1 2023 from 8 in Q1 2022, according to the Organisation of the Petroleum Exporting Countries […]

EU invests €3bn, generates 160,000 jobs in Nigeria yearly - Ambassador
News Tech

EU imposes new content regulations on Big Tech

The comprehensive Digital Services Act of the European Union imposes new regulations on content moderation, user privacy, and transparency, subjecting more than dozens of the largest tech companies in the world to intense scrutiny. In the EU, a number of internet giants, including Meta’s Facebook and Instagram platforms, Apple’s online App Store, and a few […]

Google signs $3bn US hydropower deal amid AI energy race
News Tech

Google vows to respect EU’s Digital law

Google will share more details on targeted adverts and increase access to data on how its products perform for academics, the Alphabet subsidiary announced on Thursday. This is in order to comply with important European Union online content regulations. “We will be expanding the Ads Transparency Center, a global searchable repository of advertisers across all […]

MoMo set to activate inbound/outbound transfer capabilities across Africa
Business

MoMo set to activate inbound/outbound transfer capabilities across Africa

MoMo Payment Service Bank and Saana Capital LLC, an international money transfer provider authorized by the Central Bank of Nigeria, have announced their strategic alliance to enable simple inbound and outbound transfers throughout Africa as well as practical bill payment services. According to The Times, MoMo PSB and Saana Capital LLC’s partnership is a crucial […]

Google moves to add address bar on bottom on iOS 15
News Tech

Google moves to add address bar on bottom on iOS 15

Google Chrome is developing a feature that will allow users to shift the address bar to the bottom of the display on iOS. Apple is testing the feature with iOS 15, nearly two years after moving the tab bar for Safari to the bottom. According to iOS developer Steve Moser, who made the initial observation, […]

TikTok launches feature for quality sleep amid lawsuits
News Tech

TikTok to open regional office in Kenya

Chinese-owned video platform, TikTok has disclosed that the company will open a regional office in the Eastern African country of Kenya. This is coming after the CEO of the company, Shou Zi Chew, met with Kenyan President William Ruto on Thursday. Chew also announced that improper content would be taken down from the short-form video […]

Naira plunges to record low against pounds
Economy

CBN threatens BDC crackdown as naira falls to 900/$

The naira lost value on the parallel market on Wednesday, ending the day at 900/dollar. This happened just two weeks after the local currency was being sold on the black market for 960 dollars. The naira’s upward trend in recent days was reversed as the black market once more experienced a shortage of dollars. Earlier this week, […]

Farmers, locals will benefit from Bayelsa-Rivers link road - NDDC
Business

NDDC, KPMG partner on business operations

The Niger Delta Development Commission and KPMG, a major worldwide business management consulting firm, have a contract in place for KPMG to advise the commission on international best practices in internal procedures and corporate governance culture. Speaking at the signing ceremony on Wednesday at the NDDC headquarters in Port Harcourt, the Managing Director, Dr. Samuel […]

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