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Shettima arrives Asaba for Delta investment summit

Conferences

Guinea opts out of ECOWAS single currency plan

News

I went from dollar millionaire to labourer in England

Entertainment featured

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

Economy

Blog

FG bars online banks from accessing customers’ photos, contacts
Policy and Regulations

Don’t grant debtors loan, FCCPC warns digital lenders

By Wilson Adekumola   The Federal Competition and Consumer Protection Commission has admonished digital lenders not to lend money to those who failed to back their loans, describing them as chronic borrowers.   The Executive Vice Chairman of FCCPC, Babatunde Irukera, made this disclosure while featuring on an Arise Television on Tuesday, in reaction to […]

NERC considers increase of prepaid meters
Electricity

IBEDC to upgrade prepaid meter

By Wilson Adekumola   The Managing Director of Ibadan Electricity Distribution Company Plc. Mr Kingsley Achife, has announced upcoming upgrade of its Standard Transfer Specification prepaid meters to boost efficiency that aligns with global standards.   According to the News Agency of Nigeria, Achife made this known in a statement on Wednesday in Ibadan, the […]

Hacker breaches TeleMessage, exposes data linked to US officials
Policy and Regulations

Nigerian govt to amend Cybercrime Act – NSA

The Federal Government is now putting measures in place to amend the 2015 Cybercrimes Act to address challenges arising from emerging technologies like AI, according to the National Security Adviser, Mr. Nuhu Ribadu. Ribadu made this announcement on Wednesday at a two-day conference by the Cyber Security Experts Association of Nigeria’s two-day conference in Abuja. Ribadu was […]

Meta unveils new avatar feature for IG, messenger video calls
News

Meta unveils new avatar feature for IG, messenger video calls

The parent company of Instagram and Messenger, Meta has made an exciting announcement, introducing a new real-time Avatar feature for video calls. In a recent blog post, Meta shared that users can now utilize their Avatars during video calls on both Instagram and Messenger. These Avatars, which bear a resemblance to Apple’s Memoji avatars, will […]

FG targets 6500 megawatts power generation in six months
Electricity

Only 53% electricity capacity is utilized in Nigeria – NERC

The Nigerian Electricity Regulatory Commission has stated that just 53% of the country’s available electricity capacity is being used. According to The Guardian, this was announced on Wednesday by the Vice Chairman and Commissioner of Market, Competition, and Rates at NERC, Musiliu O. Oseni. Oseni made the announcement during his address to attendees at the NERC’s Stakeholder Workshop on […]

Ports and Airports

Customs AG CG reiterates commitment to decongest ports

The Acting Comptroller General of Customs, Adewale Adeniyi, has announced that the Nigerian Customs Service is prioritizing the decongestion of ports in order to enhance their efficiency and support export-led economic development. According to Nairametrics, Adeniyi made this known during a meeting at the Presidential Villa on Tuesday where he emphasized the commitment of customs […]

Investment company VFD Group has announced plans to raise fresh capital amounting to N32.5 billion through a combination of equity and debt, following approval from its shareholders.
Business

VFD Group to raise N32.5bn through equity, debt

Investment company VFD Group has announced plans to raise fresh capital amounting to N32.5 billion through a combination of equity and debt, following approval from its shareholders. According to Premium Times, the Lagos-based firm, which operates in various sectors including banking, real estate, energy, hospitality, and technology, intends to secure N12.5 billion from stockholders through […]

FG may increase employee pensions in 2024 - Wages Commission
News

10% Nigerians have access to pensions – Report

The managing director of Norrenberger Pensions Limited, Mr. Hamisu Bala Idris, has revealed that only 10% of Nigerians have access to pension plans. According to Vanguard, Idris also stated that 80% of Nigerian pensioners depend only on their monthly pension for survival.  He made these remarks at a retirement planning session in Abuja aimed at equipping […]

NASA to unveil new Webb image on telescope's first anniversary
News

NASA to unveil new Webb image on telescope’s first anniversary

NASA will unveil a highly anticipated new image from the remarkable James Webb Space Telescope on Wednesday. This comes exactly a year after the telescope first astounded the world with its breathtaking views of the distant cosmos. Launched in December 2021 from French Guiana, the James Webb Space Telescope, known as Webb, embarked on a […]

Barge operators decries NPA's dollar charges
Business

Barge operators decry NPA’s dollar charges

The Barge Operators Association of Nigeria has bemoaned the negative effects of dollar fees levied at the port by the Nigerian Port Authority. According to Vanguard, the Nigerian Shippers Council, claim that dollar charges are illegal under Nigerian law. These issues were brought up at a breakfast meeting in Lagos to inaugurate the newly elected executives of the […]

Google adds feature to allow users read doc aloud
News Tech

Google releases Android 14 Beta four

Google on Tuesday launched Android 14 Beta 4 as the company gets ready for the official launch of the operating system update. The updated version largely addresses bugs but also adds a cool function to simplify unlocking. The new “auto-confirm unlock” option in the Beta 4’s settings automatically unlocks the phone once you enter the […]

Equity investors lose N1.5tn as bond yield rises
Economy

Naira slumps N788 against dollar in I&E window

On the I&E window during trade on Tuesday, July 11, 2023, the naira/dollar exchange rate dropped as low as N788/.42/$1. According to The Times, from the previous day’s closing rate of N744/$1, this implies a depreciation of 5.96%. Since the I&E window’s launch in 2017, this is also the lowest the naira has ever dropped […]

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