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Spain deploys military to Ceuta as migrant surge

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MTN posts record N1.09tn H1 profit before tax

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Naira hits N1,834 against British pound

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NNPC absorbs 1,000 interns into workforce after training,

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Anthropic’s Claude breached three live systems during cybersecurity tests

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Business

Nigeria Stock Market rebounds, gained N107bn

The Nigerian Exchange Limited rebounded again as investors gained N107 billion on Wednesday despite the market’s recorded N1bn loss on Tuesday. The Punch reported that the All-Share index appreciated by 0.35 percent to 55,801.14 and market capitalization increased by 0.35 percent also to N30.397 trillion. Meanwhile, the ASI has moved 4,205.48 points since the start […]

Customs seize 80,000-litre tankers with adulterated diesel
Business

Customs arrests car smuggling group leader

The Nigeria Customs Service has arrested the head of a car smuggling group, Shuaibu Kolo, who was notorious for forging documents issued by Customs to smuggle vehicles from the Benin Republic into Nigeria. The Acting Customs Controller in charge of Federal Operations Unit, Zone A, Hussein Ejibunu, disclosed on Tuesday while addressing journalists in Ikeja, […]

Only four Nigeria states attract foreign investment in Q4 - Report
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Nigeria’s corporate income tax drops to N753.88 in Q4 2022

The National Bureau of Statistic has revealed that the total company income tax recorded by Nigeria dropped by -6.95% from N810.19 billion in Q3 2022 to N753.88 billion in Q4 2022. According to Nairametrics, this was disclosed by the NBS on Wednesday through it’s Company Income Tax, Q4 report. It also stated that the local […]

Flutterwave’s non-code platform Disha temporarily shuts down
Tech

Flutterwave named African Fintech Summit’s lead sponsor

The Africa Fintech Summit has announced Flutterwave as the Lead Fintech Sponsor for the African Fintech Summit in 2023, which will take place in one African city in November 2023 and also in Washington, DC, on April 12, 2023. The sponsorship follows the most recent licenses granted to Flutterwave in Egypt, enabling it to become […]

FG owes N100bn electricity bill debt - Distributors
Business

Nigeria secures China funding to fix national grid

The Transmission Company of Nigeria has signed an agreement with a group of Chinese companies to secure funding for the improvement of the strained  National grid. BusinessDay reported that the statement was according to the head of TCN, Sule Abdulaziz at the Middle East Energy Conference, on Tuesday, in Dubai. During a panel session at […]

UK regulator orders Heathrow Airport to reduce airline fee
Aviation

UK regulator orders Heathrow Airport to reduce airline fee

  Britain’s aviation regulator has ordered Heathrow airport to lower the costs it charges airlines, citing a robust rebound in demand following the lifting of pandemic lockdowns. The Civil Aviation Authority stated that the cut “recognizes that passenger volumes are anticipated to recover to pre-pandemic levels, and should result in lower costs for travellers.” The […]

Google adds feature to allow users read doc aloud
Business

Google to empower women entrepreneurs in Nigeria, others

Google has announced the launch of three empowerment initiatives women entrepreneurs in Africa in commemoration of International Women’s Day. According to The Punch, Google’s women empowerment programmes include the Google for Startups Accelerator Africa: Women Founders Cohort, the Hustle Academy for Women-Led SMEs, and a series on social media to celebrate inspiring women in Africa’s […]

PWC
Business

UK fines PwC $8.9m over audit breaches

PricewaterhouseCoopers, also known as PwC, gets a fine of $8.9 million from UK’s regulatory body over “serious breaches” discovered in Babcock International’s audits. Reuters reported that the Financial Reporting Council said the fine is the penalties related to the multinational’s audits failure of Babcock’s accounts up to the end of March 2017 and 2018. There […]

An Adidas Yenzy shoe brand
Business

Adidas to cut dividends over Kanye West split

The German clothing brand Adidas said on Wednesday that it planned to cut its 2022 dividend to 0.70 euros which is equivalent to $0.7374 per share, owing to the losses from its partnership break with the popular American rapper, Kanye West. According to Reuters, Adidas said its executive and supervisory boards plan to recommend the […]

Image of Alphabet and Google
Business

Taiwanese media to get Google’s $9.8m fund

Google’s parent company, Alphabet, said on Wednesday that Taiwanese media would get a $9.8 million fund over the next three years to boost its media operations and digital competitiveness. According to Reuters, although not in Taiwan, Google has come under pressure in some countries to pay news publishers for their content on its platform. The […]

Fintech firm hits $200n, 2,548% transactions in two years
Tech

Fintech firm hits $200n, 2,548% transactions in two years

Vfinancial technology firm, VPD Money, has worked with partners in the sector to handle a cumulated volume of over $200 million worth of transactions with volume climbing to over 2,548 per cent for its customers since inception of operations two years ago. The Guardian reports that the neo-bank with aspirations for Nigerian companies, particularly small and […]

Fuel scarcity'll continue after polls, marketers warn
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Fuel scarcity’ll continue after polls, marketers warn

    The Independent Petroleum Marketers Association of Nigeria, has warned that the lingering fuel scarcity will continue till after the general elections. According to The PUNCH, this was stated by the National Vice President, of the association, Abubakar Maigandi, on Tuesday. He revealed that 90 percent of the filling stations were shut as a […]

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