CBN sells dollars to BDCs at N1,021/$ as naira falls
The Central Bank of Nigeria has issued a circular to all Bureau De Change operators, detailing a new initiative to directly sell US dollars to BDCs at a reduced rate…
NNPCL, partner unlock 12,000bpd production at Awoba Field
The Nigerian National Petroleum Company Limited has partnered with Newcross Exploration and Production Limited to restart production from the Awoba field which aims to optimise production from the nation’s hydrocarbon…
GTCO to pay shareholders N94bn dividend for 2023 financial year
Shareholders of Guaranty Trust Holding Company Plc are set to receive a total dividend of N94.180 billion for the financial year ending December 2023, equating to a reward of N3.20…
Microsoft introduces low price AI model for global users
Microsoft has introduced a more affordable AI model called Phi-3, aimed at users who may find the cost of its larger counterparts prohibitive. Revealed via a statement on Tuesday, Microsoft…
FCCPC summons owner of Chinese supermarket rejecting Nigerian shoppers
The Federal Competition and Consumer Protection Commission has demanded the presence of the owner of a Chinese supermarket in the Federal Capital Territory over allegations of discrimination against Nigerians. This…
Dana Air plane skids off Lagos runway
A Dana Air aircraft carrying passengers from Abuja to Lagos has reportedly crash-landed at the Murtala Muhammed Airport in Lagos. A news flash on ARISE Television on Tuesday morning, April…
Passenger dies as thunderstorm forces Lagos-bound Delta flight to Lome
There was pandemonium in the Delta Airline's Atalanta to Lagos A330-200 aircraft with 215 customers onboard on Monday as a woman reportedly died midair. Punch reports that she died due…
FG to unbundle 11 Discos for more efficiency
Power distribution companies in Nigeria are currently being unbundled for more efficiency the Federal Government declared on Monday. It stressed that the privatisation of these firms would not be reversed,…
Naira crashes to one week low at official exchange now N1,234.49/$1
The exchange rate between the Naira and Dollar declined to a week-to-date low of N1,234.49/$1 on the official NAFEM window Monday. This was disclosed in the FMDQ official traded exchange…
US will ‘trample’ free speech with TikTok ban, says app
TikTok has reiterated its concerns regarding freedom of speech in response to a bill approved by the House of Representatives, aiming to prohibit the popular social media platform in the…
South Africa grants license to 75 crypto companies
South African Financial Sector Conduct Authority on Monday expanded its approval, granting an additional 16 licenses, bringing the total number of licensed crypto companies to 75. This decision followed the…
FCCPC shuts Abuja Chinese store for rejecting Nigerian shoppers
The Federal Competition and Consumer Protection Commission has sealed the Abuja-based Chinese supermarket located within the China General Chamber of Commerce in Abuja. This follows the alleged discrimination against Nigerians…
