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US introduces $250,000 visa bond rule for some

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Delta attracts foreign investors as Brazil, Malaysia, explore

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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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CIPSMN demands full implementation of Public Procurement Act
News

CIPSMN demands full implementation of Public Procurement Act

The Chartered Institute of Purchasing and Supply Management of Nigeria, CIPSMN, has urged President Bola Ahmed Tinubu to ensure that the requirements of the Public Procurement Act 14 of 2007 are fully implemented in order to prevent procurement-related corruption in public offices. Vanguard reported that the Institute demanded, among other things, that qualified procurement professionals […]

Lenovo's revenue drops 24% over low PC demand
Tech

Lenovo’s revenue drops 24% over low PC demand

China’s prominent tech company, Lenovo Group, has unveiled a disappointing 24% decrease in revenue for the April-June quarter, indicating a persistent global decline in the demand for personal computers. This marks the fourth consecutive quarter of diminishing sales for the world’s largest PC manufacturer. This setback follows a 14% reduction in annual profit for the […]

Japan's exports slip, sparks global economic concerns
News

Japan’s exports slip, sparks global economic concerns

Japan has experienced a decline in its exports for the first time in almost two and a half years, driven by weakened demand for light oil and chip-making equipment. This situation has raised worries about a possible global recession, particularly as key markets like China face a drop in demand. Recent data from the Ministry […]

Edo seeks investment through international conference
News

ICAN, Edo gov urges FG to address brain drain

The governor of Edo State, Godwin Obaseki, and the Institute of Chartered Accountants of Nigeria have pleaded with the federal government to give the creation of a culture of responsible administration first priority. Speaking on the topic of “Quest for Good Governance in Nigeria: The Chartered Accountants Perspective” at ICAN’s sixth Zonal Accountants’ Conference in Benin, […]

Optimus Bank begins operations across Nigeria
Banking

Optimus Bank begins operations across Nigeria

A fully authorized national commercial bank, Optimus Bank Limited, has started conducting business across the country. The bank’s chairman, Mr. Oghogho Akpata, stated at the bank’s ceremonial introduction and grand opening on Wednesday in Lagos that Optimus would use technology to advance financial inclusion and improve its services. “We pledge to lead in the digital […]

NEITI to release old data, says global body
Business

How Nigeria earned $742bn oil revenue 21 years – NEITI

Nigeria gained $741.5 billion and N635.3 billion from the oil/gas and solid minerals sectors, respectively, over 21 years, according to the Nigeria Extractive Industries Transparency Initiative. According to The Punch, the executive secretary of NEITI, Ogbonnaya Orji, made this announcement at a stakeholders roundtable the organization convened in Abuja for the evaluation and approval of NEITI 2021 […]

Naira plunges to record low against pounds
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Naira recovers, trades N850 per dollar at black market

The naira recovered against the US dollar on the parallel market, closing at 850/dollar on Wednesday. A planned intervention in the foreign exchange market by the Central Bank of Nigeria was disclosed two days prior to this. On Monday, the naira was exchanged at 950 to the dollar in the black market. On Tuesday, it […]

Tinubu promises suitable environment for investors
News

Tinubu promises suitable environment for investors

  By Wilson Adekumola The President, Bola Ahmed Tinubu has vowed that his administration would create an enable environment for investors in Nigeria. The President’s Special Adviser on Media and Publicity, Aguri Ngelale, made this known on Wednesday when Tinubu received the Managing Director of Energy and Natural Resources in Europe, Africa and the Middle […]

TikTok reassigns senior executive team
News Tech

New York City bans TikTok on govt devices

New York City has banned the use of TikTok o government devices making it the most recent government to do so as a precaution against potential Chinese security threats. According to a new ban announced by The Verge, which is effective immediately, agencies must remove the software from city-owned gear within 30 days. Following a […]

CcHub CEO, Bosun Tijani has been appointed the minister of communications, innovation, and the digital economy.
News Tech

Tinubu names CcHub CEO Tijani communications, digital economy minister

CcHub CEO, Bosun Tijani has been appointed the minister of communications, innovation, and the digital economy. Tijani’s appointment was on the list of ministerial portfolios released on Wednesday. The 46-year-old CcHub CEO faced opposition from lawmakers over his scathing comments about Nigeria’s politics and politicians, but his nomination has signalled new heights for Nigeria’s tech […]

Jaiz Bank demands listing of N5.4bn shares on NGX
Banking

Jaiz Bank names Ahmed Hassan acting MD/CEO

By Wilson Adekumola   The Board of Jaiz Bank Plc, Nigeria’s pioneer non-interest bank, has appointed Alhaji Ahmed Hassan as the acting Managing Director and Chief Executive Officer of the Bank.   This was contained in a statement from the bank on Wednesday made available to journalists, noting that the development followed the exit of […]

NNPC, First E&P provide free healthcare in host communities
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NNPCL secures $3bn emergency oil loan for naira relief

Juliet Buna The NNPC Limited on Wednesday disclosed that it has signed a Commitment Letter and Term Sheet with AfreximBank for an emergency $3 billion crude oil repayment loan. The company said the agreement was jointly signed by both parties at the bank’s headquarters in Cairo, Egypt. NNPC Limited, in a statement made available to […]

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