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Spider-Man makes ₦120.4m, sets new Nigerian box office preview

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News

South Africa to license Crypto operators by end of 2023

Alex Omenye South Africa’s new crypto regulation will make it impossible for cryptocurrency exchanges to operate there without a licence, by November 30. Bloomberg says that before the end of the year, South Africa’s Financial Sector Conduct Authority would mandate that all cryptocurrency exchanges there operate under licences. The FSAC has set a deadline of […]

Oil and Gas

Oil sector deregulation will create more jobs – NOA

The National Orientation Agency has stated that the liberalization of the petroleum industry’s downstream sector will increase work prospects for Nigeria’s burgeoning youth population. According to the News Agency of Nigeria,  the NOA’s Kaduna State Director, Alhaji Zubairu Galadima-Soba, said this on Monday. He noted that the goal of the deregulation program Is to foster healthy competition […]

Google to ban advertisers from tracking consumers with third-party
News

France fines Google $2.2m over search, app store results

    Google was on Tuesday fined $2.2 million by French authorities for providing inaccurate search and app store results. The US tech giant’s search engine lacks information on the factors used to rank results, according to the Competition, Consumer, and Anti-Fraud Office. The watchdog claimed there were no justifications for the costs in the […]

Appointments

Enugu gov names Channels TV’s Akeredolu-Ale state broadcasting service MD

By Wilson Adekumola   The Governor of Enugu State, Dr. Peter Mbah, has appointed Channels Television journalist, Mr. Ladi Akeredolu-Ale, Managing Director of Enugu State Broadcasting Service .   His appointment was made known in a statement signed by the Secretary to the State Government, Professor Chidiebere Onyia on Tuesday, July 4, 2023.   Until […]

Investors gain N534bn as stock market opens for Q2 23
Business

Investors gain N534bn as stock market opens for Q2 23

Investors won almost N534 billion, on Monday, helping the stocks market on the Nigerian Exchange Limited, start the week off well. According to Vanguard, another stock market indicator, the NGX- All Share Index, or ASI, increased by 1.6% to 61,949.24 points as a result of increased investor interest in MTN Nigeria, which rose to 1.7%, Stanbic IBTC, which […]

Bakers to raise bread prices over rising costs
News

Bread producers issue notice of imminent price hike

By Wilson Adekumola   The Premium Breadmakers Association of Nigeria has disclosed that the consumers should be prepared for an imminent increase in prices due to cost of production.   The President of PBAN, Engr. Emmanuel Onuorah, made this disclosure, noting that bread producers in Nigeria have been complaining about the cost of production rising […]

Bolt suspends over 5,000 drivers
Business

Bolt launches audio trip recording safety feature

Alex Omenye Bolt, the top on-demand mobility platform in Africa, will enable both drivers and passengers to start an audio recording of their trip inside the Bolt app. Users can only use the audio trip recording option when their Bolt journey is really taking place. The customer support team can simply receive reports of recorded […]

Kano govt to prioritize industrialization, security
Business

Kano govt to prioritize industrialization, security

The governor of Kano State, Alhaji Abba Kabir Yusuf, has reiterated his administration’s commitment to making industrialization, energy, security, and climate change projects a top priority. The Punch reported that the governor made this statement on Monday while hosting visitors from the Kuru branch of the National Institute for Policy and Strategic Studies. Governor Yusuf represented by his deputy, […]

Amazon, Google, Apple, Meta, Microsoft meet EU over gatekeeper status
Business

Amazon, Google, Apple, Meta, Microsoft meet EU over gatekeeper status

Alex Omenye Alphabet’s Google, Amazon, Apple, Meta, and Microsoft have alerted the European Commission that they qualify as gatekeepers, according to EU industry director Thierry Breton. Under the new EU IT regulations, companies with a market capitalization of 75 billion euros and more than 45 million monthly active users are regarded as gatekeepers offering a […]

TweetDeck to allow only verified users access
Business

TweetDeck to allow only verified users access

Alex Omenye TweetDeck will soon require users to be verified on Twitter, the social media platform announced in a post on Monday. The corporation stated that the adjustment would become effective in 30 days. In a tweet describing an updated TweetDeck with additional capabilities, Twitter made the announcement. It was not known if Twitter would […]

Inflation causes decline in private sector productivity, employment - PMI
Business

Inflationary pressures hurting business growth – Stanbic IBTC’s PMI

The Stanbic IBTC’s Purchasing Power Index, PMI, data published yesterday, has revealed that the removal of Nigeria’s fuel subsidy may have reduced business confidence in June 2023 as inflationary pressures rose. According to the study, although they had slowed down, output growth and new order growth both continued to be significant. “Business optimism dropped to almost record-low […]

CBN, others to review 2.9tTn tax credit scheme
Banking

Bank borrowing from the CBN hits N10.35tn

Banks in Nigeria appear to be increasingly reliant on the Central Bank of Nigeria, for liquidity as borrowings from the apex bank hits N10.35 trillion. According to Vanguard, CBN data show that the banks borrowed N10.35 trillion from the CBN’s Standing Lending Facility during the first half of 2023, H1’23, which ended last weekend. This represents a staggering 140 percent […]

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