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BUA cement announces revised date for ₦2.05 dividend

  • 8th May 2025

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  • 7th May 2025
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  • 7th May 2025

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UAE commits to $25bn Nigeria-Morocco gas pipeline project

UAE commits to $25bn Nigeria-Morocco gas pipeline project

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Nigeria drops charges against Binance exec Tigran Gambaryan
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Detained Binance executive Tigran Gambaryan collapses in court

In a dramatic moment at the Federal High Court in Abuja, detained Binance executive Tigran Gambaryan collapsed during his trial for foreign exchange contravention and money laundering, brought against him by the Economic and Financial Crimes Commission. Gambaryan’s lawyer, Mark Mordi (SAN), informed the court that his client had been unwell since the previous trial […]

Xiaomi revenue hits 27% in Q1
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Xiaomi revenue hits 27% in Q1

Chinese electronics giant Xiaomi on Thursday, reported a substantial 27% increase in first-quarter revenue, surpassing expectations due to robust handset sales amid a recovering smartphone market. For the initial three months of the year, Xiaomi achieved a revenue of 75.5 billion yuan ($10.42 billion), outpacing the 73.3 billion yuan forecasted by analysts at LSEG. Xiaomi’s […]

OpenAI abandons major restructuring to retain control
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OpenAI signs $250m deal to integrate News Corp into ChatGPT

News Corp, the parent company of prominent publications like The Wall Street Journal, MarketWatch, and The Sun, has inked a multi-year agreement with OpenAI to integrate news content from its portfolio of publications into ChatGPT. This deal grants OpenAI access to both current news and archived articles from News Corp’s publications, enabling the enhancement of […]

Microsoft outage impacts Bing, Copilot, ChatGPT, others
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Microsoft outage impacts Bing, Copilot, ChatGPT, others

Several Microsoft services, including Bing and Copilot, as well as ChatGPT internet search and DuckDuckGo, are currently experiencing disruptions in Europe, Bleeping Computer reported. Users attempting to access Bing.com and Copilot are encountering blank pages and 429 errors, while DuckDuckGo is displaying an error message stating, “There was an error displaying the search results. Please […]

Lenovo's revenue hits $13.8bn, beats expectations
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Lenovo’s revenue hits $13.8bn, beats expectations

The world’s leading PC maker, Lenovo Group, has unveiled impressive fourth-quarter figures, showcasing a 9% surge in revenue to $13.8 billion. This remarkable growth signals a departure from the pandemic-induced slump, marking a second consecutive quarter of revenue expansion after enduring five consecutive quarters of decline in the post-COVID landscape. Remarkably, Lenovo’s quarterly revenue exceeded […]

BDC operators reject amended CBN licensing guidelines
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BDC operators reject amended CBN licensing guidelines

Foreign exchange dealers under the umbrella of the Bureau de Change Operators of Nigeria have rejected the new licensing guidelines directive by the Central Bank of Nigeria. This was disclosed in a statement by the President of the Association of Bureau de Change Operators of Nigeria, Aminu Gwadebe, stating that, it is contrary to best […]

Aviation

Air Peace resolved alleged safety violations in UK – Keyamo

Hon. Minister of Aviation and Aerospace Development, Festus Keyamo has corroborated that Air Peace Airline has resolved all issues related to the alleged possible safety violations at the Gatwick Airport. This was disclosed by the minister in a statement via his official X handle on Tuesday. This follows the letter written by the United Kingdom […]

Oil and Gas

Nigeria produced 159m barrels of oil in four months – NUPRC

The Nigerian Upstream Petroleum Regulatory Commission has revealed that Nigeria produced 159,158,191 barrels of crude oil in the first four months of 2024 This is according to the recent NUPRC data obtained, according to the Punch. According to the NUPRC data, 44.2 million barrels of crude were produced in January, with an average daily production […]

Link-in-bio startup Linktree hits 50m users
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Link-in-bio startup Linktree hits 50m users

Link-in-bio startup Linktree announced on Wednesday that it has surpassed 50 million users, marking a significant increase from the 2.7 million users it had in 2019. The company’s user base has been steadily growing, with nearly 10 million new users (referred to as “Linkers” by Linktree) added in just five months. In December, Linktree reported […]

Nigeria's external reserves rise to $36.89bn — CBN gov
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CBN amends guidelines for BDC operators

The Central Bank of Nigeria has revised its regulatory guidelines for Bureau De Change operators after consulting with stakeholders. The changes include the removal of the mandatory caution deposit of N200 million for tier-1 BDC license holders and the waiver of the N50 million deposit for tier-2 license holders. Additionally, the non-refundable annual license renewal […]

News

Nigerians made 229,369 complaints on goods, services – NBS

The number of reported public complaints on goods and services increased in the past three years. The complaints have risen from 61,480 in 2020, to 88,897 in 2022. This shows an increase of 44.59% in three year. The figure is based on the National Bureau of Statistics 2023 social statistics report, showing there were 229,369 […]

BOI supports Women-owned businesses with $6.02m
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BOI announces N153bn profit before tax in 2023

The Bank of Industry has announced a profit before tax of N153.81 billion for 2023, marking a 117.69% increase from the previous year’s N70.7 billion. This marks the highest PBT in the bank’s history. This indicates the Bank’s resilience and strategic financial performance despite challenging economic climate. This was disclosed by the Chairman of the […]

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