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Guinea opts out of ECOWAS single currency plan

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W’Africa needs $100bn annually to meet developmental goals —

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World Bank bans Nigerian companies, CEO over fraudulent practices
Business

Nigeria to get funding for ID4D project – World Bank

The World Bank has said that Nigeria will now receive funds from the World Bank for the implementation of its Identity for Development initiative because the country has enacted a data protection law. The signing of Nigeria’s data protection law into law satisfied the requirement for the release of funds from the International Development Association, European […]

Flutterwave partners IATA to facilitate improved flight payment for African airlines
News

Flutterwave partners IATA to facilitate improved flight payment for African airlines

Africa’s leading payments technology company, Flutterwave has joined forces with the International Air Transport Association to enhance travel experiences and facilitate seamless payments for airlines operating in sub-Saharan Africa. Through this collaboration, airlines worldwide can leverage Flutterwave’s integration with IATA’s Financial Gateway to process payments from customers using various methods, including cards, bank transfers, mobile […]

Google launches Bard chatbot in Nigeria
News Tech

Google launches AI chatbot in Europe, Brazil

Alphabet on Thursday, announced that it would launch Bard, an artificial intelligence chatbot, in Europe and Brazil. The product’s biggest growth since its February introduction, pitting it against ChatGPT, a rival supported by Microsoft. With the help of generative artificial intelligence, human-sounding programmes like Bard and ChatGPT can converse with users and respond to a […]

Nigeria, E/Guinea seek new oil, gas opportunities
Oil and Gas

Nigeria, E/Guinea seek new oil, gas opportunities

The governments of Nigeria and the Republic of Equatorial Guinea yesterday discussed the creation of a combined logistics base, the deployment of local resources across nations, and cutting the costs of significant oil and gas activities. These opportunities were examined when the Minister of Planning and Economic Diversification of the Republic of Equatorial Guinea, Gabriel […]

Taraba govt to obtain N150bn loan
Business

Taraba govt to obtain N150bn loan

The Taraba Government has started talks with a group of six Nigerian banks in order to obtain a facility of N150 billion naira for projects in the fields of education, agriculture, excellent healthcare service, energy, and transportation. Vanguard reported that Governor Agbu Kefas of Taraba announced this while overseeing the negotiations with bank representatives in […]

Twitter sues four four Texas firm over data scraping
News Tech

Twitter sues four four Texas firm over data scraping

Twitter has sued four unnamed businesses in Texas for data scraping, according to a report from a local TV station. According to WFAA, an ABC-affiliated TV station, the four defendants’ IP addresses generated significantly more automatic sign-up requests than one person could reasonably send to another person, placing a heavy burden on Twitter’s systems. It […]

CBN orders banks to pay diaspora remittances in naira
News

CBN orders banks to pay diaspora remittances in naira

The Central Bank of Nigeria has issued a directive to International Money Transfer Operators to pay dollars received through Diaspora remittances to domestic beneficiaries in naira. The directive was conveyed in a circular addressed to banks, IMTOs, and the public by the Director of the CBN’s Trade and Exchange Department, O.S Nnaji. The circular also […]

Abuja court gives DSS one week to charge Emefiele or release him
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Abuja court gives DSS one week to charge Emefiele or release him

Juliet Buna A Federal Capital Territory High Court sitting in Abuja has ordered the immediate release of former Governor of the Central Bank of Nigeria, Godwin Emefiele, from the custody of the Department of State Security, DSS. The presiding judge, Justice Hamza Muazu, while ruling on the allegation of violation of his fundamental human rights […]

US, China demand pushes oil prices beyond $83pb
News

Why Microsoft claimed China hacked US government emails

Microsoft has reported that hackers based in China have gotten access to the email accounts of about 25 organizations, including governmental organizations. According to BBC, The software giant has not specified the locations of the government organizations. The secretary of commerce, Gina Raimondo, was reportedly one of those affected by the breach. According to a US Department […]

Leadway Assurance to launch new reporting protocol
Insurance

Leadway Assurance to launch new reporting protocol

The International Financial Reporting Standard is anticipated to be implemented very soon, according to Leadway Assurance Limited. According to The Punch, an international financial reporting standard called IFRS 17 (formerly known as IFRS 4 Phase II) was created by the International Accounting Standards Board and would provide new guidelines for disclosing profit emergence from insurance […]

Queues return as IPMAN opposes Tinubu subsidy removal
Oil and Gas

Petroleum tanker drivers enemy to subsidy removal — IPMAN

The Independent Petroleum Marketers Association of Nigeria has urged the Federal Government to prevail upon the Petroleum Tanker Drivers, to stop the illegal levy imposed on their members.   The News Agency of Nigeria reported that IPMAN National Public Relation Officer, Yakubu Suleiman, said this during a news conference in Abuja, that the call followed […]

Fuel subsidy is gone, Tinubu tells Nigerians
Opinion

How FG should use N500bn subsidy palliative — financial expert

A financial expert, Prof. Uche Uwaleke, has commended President Bola Tinubu’s request for legislative approval of N500 billion as palliatives to cushion the removal of fuel subsidy.   Tinubu, on Wednesday, wrote to the National Assembly seeking an amendment to the 2022 supplementary appropriation Act, allowing the Federal Government to source N500 billion for palliative […]

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