British regulators okay $19bn Vodafone-Three mobile merger
Britain's Competition and Markets Authority has approved the £15 billion merger between Vodafone and Three, provided the companies commit to investing billions in a joint 5G network rollout across the…
Shell, Equinor to merge UK offshore oil, gas operations
Shell and Norway’s Equinor have announced plans to merge their British offshore oil and gas assets into a joint venture. The new company, based in Aberdeen, Scotland, aims to maintain…
NCDMB commits N15bn to support local contractors
The Nigerian Content Development and Monitoring Board has allocated N15 billion for the revised Community Contractors Financing Scheme. This initiative aims to tackle the persistent challenge of limited funding access…
FG unfazed by IOC divestments, says Lokpobiri
The Minister of State for Petroleum Resources, Heineken Lokpobiri stated that the Federal Government has no cause for concern despite international oil companies divesting. He clarified that the IOCs are…
Shell grants $1.98bn in contracts to Indigenous firms
Shell Companies in Nigeria announced that they awarded contracts worth $1.98 billion to indigenous companies in 2023, as part of efforts to boost local content in the Nigerian oil and…
Bitcoin breaks $100,000 milestone for first time
Bitcoin has surpassed the long-awaited $100,000 threshold, reaching a new high of approximately $103,500, marking a significant milestone in its price trajectory. The cryptocurrency, which has been on an upward…
Industry minister to discuss $2.4bn FX forward contracts with CBN
The Minister of State for Industry, Trade, and Investment, Senator Owan Enoh, has pledged to engage with the Central Bank of Nigeria Governor, Olayemi Cardoso, regarding the $2.4 billion in…
Niger junta takes over French-controlled uranium mine
French nuclear fuels group Orano has announced that it has lost operational control of its Somair uranium mine in Niger, citing interference from Nigerien authorities and a breakdown in governance…
Nollywood ‘A Ghetto Love Story’ grosses ₦51m at box office
Nollywood's latest sensation, "A Ghetto Love Story", produced by comedian-turned-filmmaker Bright Okpocha, popularly known as Basketmouth, has achieved a remarkable ₦51 million in box office earnings across cinemas in Nigeria…
Netflix denies exit from Nigerian market amid speculation
Netflix has denied reports suggesting it is exiting the Nigerian market, reaffirming its commitment to investing in local content. The speculation arose after comments made by prominent Nigerian filmmaker Kunle…
OpenAI hits 300m weekly users for ChatGPT
OpenAI has reached a significant milestone, with its ChatGPT service now boasting 300 million weekly active users. This was disclosed by the CEO, Sam Altman during the New York Times…
Senate investigates NNPCL over ₦8.4tn subsidy claims
The Senate has approved the 2025–2027 Medium Term Expenditure Framework and Fiscal Strategy Paper on Tuesday, paving the way for President Bola Tinubu to present the 2025 national budget to…
