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BUA cement announces revised date for ₦2.05 dividend

  • 8th May 2025

Lagos partners BOI, Sterling Bank to boost MSMEs

  • 8th May 2025
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  • 7th May 2025
Trump signs executive order establishing US Bitcoin reserve

Investors flee to Europe, Japan amid trade war

  • 7th May 2025

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Speculative FX demands cause of weak naira - CBN

NIMC releases revised price list for NIN services

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FAAN diverts two Kano-bound aircraft to Lagos over runway light outage

FAAN unveils modern domestic cargo facility in Lagos 

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Amazon plans stand-alone app for payments in India

Amazon enters quantum race with launch of Ocelot chip

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9mobile loses over 300,000 subscribers as roaming deal with MTN faces delays

9mobile loses over 300,000 subscribers as roaming deal with

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Instagram expands 'Limits' tool to protect teens from harassment
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Instagram expands ‘Limits’ tool to protect teens from harassment

In an effort to combat harassment, Instagram announced on Thursday an expansion of its “Limits” tool specifically designed for teenagers. This tool allows teens to restrict unwanted interactions with people on the platform. When activated, teens will only see comments, messages, story replies, tags, and mentions from their “Close Friends” group, with interactions from other […]

NDPC raises data protection license fee to N2m
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NDPC raises data protection license fee to N2m

The Nigeria Data Protection Commission has increased the license fee for Data Protection Compliance Organizations from N50,000 to N2 million. The aim is to ensure that only serious and committed organizations apply for the license. This announcement was made by the National Commissioner of the Commission, Dr. Vincent Olatunji, during a meeting with licensed DPCOs […]

US announces $176m in aid for Nigeria, others
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US announces $176m in aid for Nigeria, others

The United States government has committed an additional $176 million in humanitarian aid to West African countries, including Nigeria. This announcement was made in a press release from the United States Agency for International Development on Tuesday, May 28, 2024. USAID highlighted that this financial aid is in response to the worsening security situation in […]

Tarrif hike: DisCos sweat as manufacturers insist on old rates
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Tarrif hike: DisCos sweat as manufacturers insist on old rates

Power distribution companies in Nigeria are facing billions in collection losses as manufacturers refuse to pay the newly approved tariff rates, opting instead to continue with the old rates. The Manufacturers Association of Nigeria has directed its members to maintain payments at the previous rate of N66/kWh until a resolution is reached on their petition […]

BlackRock's Bitcoin ETF surpasses Grayscale, becomes world’s largest
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BlackRock’s Bitcoin ETF surpasses Grayscale, becomes world’s largest

BlackRock’s spot Bitcoin Exchange Traded Fund, known as the iShares Bitcoin Trust, has overtaken Grayscale’s Bitcoin Trust to become the world’s largest Bitcoin ETF. The United States Securities and Exchange Commission approved spot Bitcoin ETFs in early January, allowing both BlackRock and Grayscale to launch their products simultaneously. According to Bitcoin Magazine, as of yesterday, […]

Meta unveils Llama API to attract developers, compete in AI race
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Meta discovers networks behind deceptive AI content

Meta reported on Wednesday that it discovered “likely AI-generated” content being used deceptively on its Facebook and Instagram platforms. This included comments praising Israel’s handling of the Gaza conflict, posted beneath content from global news organizations and U.S. lawmakers. According to Meta’s quarterly security report, the accounts responsible for this content posed as Jewish students, […]

PwC set to become OpenAI’s biggest reseller
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PwC set to become OpenAI’s biggest reseller

PwC will become the largest customer and first reseller of OpenAI’s enterprise product as part of a new deal, the accounting giant announced on Wednesday. This move underscores the growing trend of businesses adopting and capitalizing on generative artificial intelligence. PwC plans to roll out ChatGPT Enterprise, a specialized version of the AI startup’s chatbot […]

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Flutterwave secures payment aggregator license in Mozambique

Alex Omenye Flutterwave, Africa’s leading payment technology company, announced today that it has received an approval-in-principle for its payment aggregator license from the Central Bank of Mozambique. This license will enable Flutterwave to offer its comprehensive payment services within Mozambique, thereby strengthening its operations in southern African markets. Mozambique’s e-payment ecosystem is rapidly growing, with […]

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Jumia unveils warehouse, logistics facility to boost operations in Nigeria

Jumia Nigeria has introduced a new combined warehouse and logistics network facility to enhance delivery efficiency. This disclosure was made at the launching of the warehouse on Tuesday in Isolo, Lagos, according to The Punch. Jumia said it sees this progress as a significant advancement in Jumia Nigeria’s dedication to improving its logistics capabilities and […]

Tinubu orders NNPC to sell Crude to Dangote in Naira
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Tinubu moves to settle ExxonMobil, Seplat Energy rift

President Bola Tinubu has reaffirmed his commitment to resolving the divestment issues between ExxonMobil and the indigenous energy company, Seplat Energy. This commitment was articulated in a statement by the president’s spokesperson, Ajuri Ngelale, during a meeting with ExxonMobil President Liam Mallon and other executives at the State House in Abuja on Tuesday. In February […]

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Wema Bank gets shareholders approval to raise N200bn

The shareholders of Wema Bank Plc, have approved the bank’s request for a capital increase of N200 billion. Also, the shareholders approved the dividend of 50 kobo per share for the financial year ended December 31, 2023, recommended by the Management Board, according to Nairametrics. This was disclosed at the group’s annual general meeting (AGM) […]

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