Banks raise withdrawal limit to ₦50,000
Deposit Money Banks in the Federal Capital Territory have raised the daily maximum over-the-counter withdrawal limit to ₦50,000. This marks a significant increase from the ₦5,000 limit enforced last month.…
Amazon unveils new AI model ‘Nova’
Amazon Web Services has introduced a new family of multimodal generative AI models, called Nova at its re:Invent conference on Tuesday. These models are designed to handle a range of…
Intel’s ex-CEO Pat Gelsinger to receive $10M severance package
Pat Gelsinger, who recently stepped down as CEO of Intel, is set to walk away with a severance package worth over $10 million. According to a filing with the Securities…
Aero Contractors slashes fares to N80,000 for Christmas
Aero Contractors has announced a minimum ticket price of N80,000 for domestic flights during the festive season. The airline's managing director, Ado Sanusi, revealed this in a briefing with journalists…
S’Africa eases visa rules for Nigerian tourists, business travelers
South African President, Cyril Ramaphosa has announced a significant change in visa requirements for Nigerian tourists. He said that Nigerian travelers can now apply for South African visas without submitting…
ICYMI: Private sector employments drop first time in seven months – Report
Nigeria's private sector saw its first employment decline in seven months, according to the latest Stanbic IBTC Bank Purchasing Managers’ Index report for November. The decrease in staffing levels, ending…
PenCom lifts ban on PFAs investment in commercial papers
The National Pension Commission has lifted its ban on Licensed Pension Fund Administrators investing in commercial papers managed by non-bank capital market operators serving as Issuing and Paying Agents. This…
Over half of Nigerian finance workers unhappy with salaries – Report
A survey has revealed that 56% of finance employees in Nigeria are dissatisfied with their salaries, primarily due to reduced spending power. The 2024 Salary Report highlights a significant drop…
Nigerian edtech startup AltSchool expands into Europe
Edtech startup AltSchool has announced its expansion into Europe, marking a major milestone in its mission to provide accessible educational opportunities worldwide, TechPoint reported. The announcement was made during the…
China bans key mineral exports to US amid trade tensions
China has banned exports of materials related to gallium, germanium, and antimony to the U.S., citing their potential military applications. The announcement came on Tuesday, a day after the latest…
Microsoft faces £1bn UK lawsuit over alleged overcharge
Microsoft was accused on Tuesday of unfairly overcharging customers of competing cloud companies in a lawsuit seeking damages over £1 billion ($1.27 billion). The lawsuit claims that customers using Amazon…
Apple faces UK lawsuit over App store commission fees
Apple Inc. is facing a class action lawsuit in the UK, with developers accusing the company of imposing anti-competitive commission fees as high as 30% on App Store sales. The…
