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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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Disney beats Q2 expectations with strong Disney+ subscriber

  • 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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Amazon plans stand-alone app for payments in India

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

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Africa can lead AI-driven deep tech, says El Habti

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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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CBN pulls cybersecurity levy circular

Alex Pmenye The Central Bank of Nigeria has canceled its order for banks and payment service providers to collect and send a cybersecurity levy, which was part of the Cybercrime Prevention and Prohibition Amendment Act of 2024. The cancellation was announced in a new circular dated May 17, 2024, signed by Chibuzor Efobi, Director of […]

Crypto

Crypto startup funding hits $2.4bn in Q1 2024

Alex Omenye In the first three months of 2024, funding for crypto startups surged for the second consecutive quarter, reaching a staggering $2.4 billion, according to data from PitchBook. This significant uptick in investment comes amidst anticipation of decreased interest rates and the landmark introduction of the first U.S. bitcoin spot exchange-traded fund (ETF), enticing […]

Oil and Gas

NNPCL blames theft, vandalism, underinvestment for oil output decline

The Group Chief Executive Officer of Nigerian National Petroleum Company Limited, Mele Kyari, has attributed the persistent failure of Nigeria to meet its production targets to underinvestment, theft, and rising pipeline constraints. This was disclosed by Kyari over the weekend at a Stakeholders’ Engagement Session organised in his honour by the Nigerian Association of Petroleum […]

News

UK regulator flags Air Peace for alleged safety violations

The United Kingdom civil aviation authority has written to Nigeria’s Civil Aviation Authority, alleging that Air Peace is allegedly in violation of certain air safety rules. This follows the Air Peace commencement of the Lagos-London route three months ago, according to The Punch. The UK Civil Aviation Authority is reported to have received two mandatory […]

Jeff Bezos’ Blue Origin successfully flies crew to edge of space
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Jeff Bezos’ Blue Origin successfully flies crew to edge of space

Spaceflight company, Blue Origin, founded by Jeff Bezos, has marked a triumphant return to crewed missions by successfully flying six paying customers to the edge of space and back. This milestone mission, which lifted off from the company’s Launch Site One in West Texas shortly after 10:30 AM ET, broke a nearly two-year hiatus from […]

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FG announces free Wi-Fi for Lagos, Abuja Airports

Alex Omenye In a move aimed at enhancing passenger experience, the Federal Government has declared that air travelers passing through the Murtala Muhammed International Airport in Lagos and the Nnamdi Azikiwe International Airport in Abuja can now access complimentary Wi-Fi services. Mr. Tunde Moshood, the Special Assistant to the Minister of Aviation and Aerospace Development, […]

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Nigeria, others threaten businesses with important restrictions – IMF

Alex Omenya In its latest Regional Economic Outlook for Sub-Saharan Africa titled “A Tepid and Pricey Recovery,” the International Monetary Fund has highlighted the detrimental impact of import restrictions and foreign currency shortages on business operations in Nigeria and other African nations. The report underscores that these challenges could impede the profitability of companies across […]

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North-East manufacturers shut down due to insecurity – MAN

The Director General of the Manufacturers Association of Nigeria, Mr. Segun Ajayi-Kadir, has revealed that between 56% and 60% of businesses of the association’s members in North-East Nigeria have been shut down by insecurity. This was disclosed by Ajayi-Kadir during an interview on Channels Television on Saturday. Ajayi Kadir complained that insecurity has hurt businesses, […]

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Nigeria’s aviation authority receives 300 drone certification applications

Nigeria’s Civil Aviation Authority said it had received over 300 applications for NCAA certification of different types of Unmanned Aerial Vehicles, also known as drones. According to the federal government, the setting up of a dedicated Unmanned Aircraft Systems unit by the NCAA is visionary and will help and accelerate the country’s efforts to control […]

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Tinubu sets up committee to oversee green economic initiative

President Bola Tinubu has set up a committee to supervise his administration’s climate and green economic initiatives. This was disclosed in a statement via a post by the Senior Special Assistant to the President on Public Engagement, Fredrick Nwabufo on X on Sunday. In the statement, it is said that the Official Spokesperson of the […]

African Union urges Arabian Nations to boost trade commitments
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African Union urges Arabian Nations to boost trade commitments

The African Union has called upon Arabian countries to reinvigorate their investment and trade engagements across the African continent, as emphasized by Mr. Moussa Faki, Chairperson of the African Union Commission, during the 33rd session of the Arab Summit held in Bahrain, concluding on May 16, 2024. Addressing stakeholders from Arabian nations at the summit, […]

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