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UK expands work visa sponsors for Nigerians

UK unveils major visa overhaul to cut legal

  • 11th May 2025

BUA cement announces revised date for ₦2.05 dividend

  • 8th May 2025

Lagos partners BOI, Sterling Bank to boost MSMEs

  • 8th May 2025
Disney, Warner Bros to launch joint streaming bundle

Disney beats Q2 expectations with strong Disney+ subscriber

  • 7th May 2025

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Jumia launches third-party logistics to boost profitability

Jumia launches third-party logistics to boost profitability

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Apple expands emergency satellite features to iPhone 13 update

Apple expands emergency satellite features to iPhone 13 update

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Spotify adds voice commands to AI DJ feature

Spotify adds voice commands to AI DJ feature

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Kenya to ban cashless-only payments for small transactions

Kenya to ban cashless-only payments for small transactions

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 Tapswap postpones token allocation indefinitely
News

 Tapswap postpones token allocation indefinitely

The popular tap-to-earn app powered by the TON Blockchain, Tapswap, has announced an indefinite postponement of token allocation to its users. The announcement was made by John Robbin, Tapswap’s Head of Communications, during an X space on Wednesday. The app, which requires users to repeatedly tap an icon on the Telegram Tapswap bot screen to […]

News Tech

OpenAI rival, Anthropic unveils ‘most powerful AI yet’

Anthropic, an OpenAI rival, unveiled Claude 3.5 Sonnet, its most potent AI model to date, on Thursday. Claude is among the chatbots that have become quite popular in the last year, along with Google’s Gemini and OpenAI’s ChatGPT. Amazon, Salesforce, Google, and former OpenAI research executives are among the investors in Anthropic. It has closed […]

Oil and Gas

NNPCL, TotalEnergies partner to launch $550m Ubeta field development project

The Nigerian National Petroleum Corporation in partnership with TotalEnergies has announced a 550 million dollars Final Investment Decision on the Ubeta Field Development Project. This was disclosed in a statement by the Chief Corporate Communications Officer, Olufemi Soneye via its official X account on Thursday. According to the statement, the milestone is consistent with President […]

News

Aviation fuels will triple to 1.9bn liters in 2024 – IATA

The International Air Transport Association has said that the production of Sustainable Aviation Fuels is expected to triple to 1.9 billion liters in 2024. This would cover 0.53% of the fuel required by aircraft in 2024. Governments could implement several policy initiatives to speed up the usage of SAF. The Director General of IATA, Willie […]

featured

Binance fined $2.25m for money laundering in India

The Financial Intelligence Unit of India has fined Binance, the largest cryptocurrency exchange in the world, 188.2 million rupees ($2.25 million) for breaking its money laundering laws. This follows the ongoing trial of Binance’s officials in Nigeria for the same charges. Virtual digital asset service providers in India, such as cryptocurrency exchanges, must register as […]

News

Workers withdrawal from pension contributions rise 87.6% in Q1 2024

The number of workers who made withdrawals from their voluntary contributions under their pension savings in response to the severe hardship in the economy grew by 87.6% in the first quarter of 2024. According to the National Pension Commission’s first-quarter report, 1,259 workers made withdrawals from the private sector, while 43 were from the public […]

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Nigeria’s credit penetration hits 14% – CRC

Credit penetration in Nigeria has increased to 14%, owing largely to the work of CRC Credit Bureau Limited, Nigeria’s leading credit bureau provider. Despite increased penetration, it remains lower than predicted globally. This was disclosed by the Group Managing Director/CEO of CRC Credit Bureau Limited, Dr. Tunde Popoola on Wednesday during the Company’s CRC Finance […]

News

NOSDRA, Aiteo probe fresh Bayelsa oil spill

Aiteo Eastern Exploration and Production Company, which operates the NNPC/Aiteo Joint Venture on OML 29, has announced that it has commenced investigations into the source of the oil spill at the Nembe field in Bayelsa State. In a statement issued on Wednesday, Aiteo revealed that it discovered the oil leak at its Nembe marsh plant […]

Economy

Petrol price surges 223% to ₦770/litre — NBS

The average price of Premium Motor Spirit, also known as petrol, surged 223.21 per cent, reaching about ₦770 per litre in May 2024. This figure is a significant rise from ₦238.11 per litre recorded in May 2023, according to the National Bureau of Statistics. This was disclosed by NBS in its May 2024 “Premium Motor […]

Carbon shuts down debit card operations in Nigeria
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Carbon shuts down debit card operations in Nigeria

Nigerian fintech company Carbon has announced the termination of its debit card operations in Nigeria, just two years after its launch. The company’s co-founder and CEO, Ngozi Dozie, made this disclosure on Wednesday through a Substack post. While Dozie did not provide specific reasons for discontinuing the card service, his post suggested that the decision […]

Price of of cooking gas rose by 13.75% in May 2024
News

Price of of cooking gas rose by 13.75% in May 2024

The average retail price of a 5kg cylinder of Liquefied Petroleum Gas (cooking gas) increased by 13.75%, rising from N6,521.58 in April 2024 to N7,418.45 in May 2024. This significant hike represents a 70.12% increase from the N4,360.69 recorded in May 2023, according to the National Bureau of Statistics LPG price watch for May 2024. […]

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