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  • 8th May 2025

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  • 7th May 2025
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9mobile loses over 300,000 subscribers as roaming deal with MTN faces delays

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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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First Bank lays off 100 senior staff in restructuring move
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First Bank manager steals N650m from 35 customers

Alex omenye A bank manager from a branch of First Bank in Osogbo, Mr. Adeniyi Talabi, has been apprehended by the Osun State Police Command on Tuesday. The allegation against him is the embezzlement of a staggering N650 million belonging to 35 bank customers. According to the command’s spokesperson, Yemisi Opalola, the suspect supposedly carried […]

Emefiele gets N300M bail in N18.96bn note printing case
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Emefiele gets N300M bail in N18.96bn note printing case

The suspended governor of the Central Bank of Nigeria, Godwin Emefiele, has been granted bail of N300 million in the case concerning the alleged unlawful printing of naira notes. He entered a plea of not guilty before the Federal Capital Territory High Court in Maitama, Abuja, on Wednesday. The Economic and Financial Crimes Commission brought […]

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NUPRC assures investors of presidential backing for oil blocks

The Nigerian Upstream Petroleum Regulatory Commission said it has received presidential approval to remove all entry barriers to the licensing round including reducing the entry fee to the barest minimum. This was disclosed by the NUPRC boss, Gbenga Komolafe at the Miami International Roadshow for the 2024 licensing round hosted by the NUPRC in collaboration […]

Tech

GITEX Africa: Microsoft, Mitsumi promote innovation

Microsoft Incorporated, a global technology firm, and Mitsumi Distribution, an artificial intelligence distributor in the Middle East and Africa, will participate in GITEX Africa 2024 in Marrakech, Morocco. Mitsumi Distribution said in a statement that it had plans to show the front line of technological progress and innovation at the event, which would have an […]

Women-only ride-hailing platform HerRyde 'hibernates' after one year
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Women-only ride-hailing platform HerRyde ‘hibernates’ after one year

After a year of operating in Nigeria’s capital city, Abuja, HerRyde, a ride-hailing platform exclusively for women, has decided to temporarily pause its services, known as “hibernation,” to refine its strategies and secure funding in preparation for an upcoming relaunch, Benjamindada reported. Motivated by a shared desire to create safer transportation options, Oluwafuyi, along with […]

Crypto platform Kucoin suspends P2P trading
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Crypto platform Kucoin suspends P2P trading

The global crypto exchange Kucoin has announced the suspension of all naira-based peer-to-peer trading. This comes three weeks following a meeting between Nigeria’s Securities and Exchange Commission (SEC) and blockchain industry stakeholders, wherein they were urged to cease peer-to-peer trading. In a notification to users, Kucoin stated, “As part of ongoing efforts to enhance our […]

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NACCIMA laments naira crash effect on imports, inflation

The Nigerian Association of Chambers of Commerce, Industry, Mining, and Agriculture has expressed its concern over the sharp depreciation of the Naira noting that it poses several problems for the country. This was disclosed in a statement by the National president of the association, Dele Kelvin Oye, according to Leadership. Oye stated that he was […]

First Bank lays off 100 senior staff in restructuring move
Banking

First Bank manager steals N650m from 35 customers

Alex omenye A bank manager from a branch of First Bank in Osogbo, Mr. Adeniyi Talabi, has been apprehended by the Osun State Police Command on Tuesday. The allegation against him is the embezzlement of a staggering N650 million belonging to 35 bank customers. According to the command’s spokesperson, Yemisi Opalola, the suspect supposedly carried […]

Top 25 fastest growing Nigerian companies in 2024
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Top 25 fastest growing Nigerian companies in 2024

Twenty-five Nigerian companies have emerged as the fastest-growing companies in Africa in the Financial Times ranking of the country’s fastest-growing businesses. In the lead is Omniretail, a notable Nigerian payment startup, raked in 139.88m in revenue, while Afex Commodities Exchange, a commodities brokerage, amassed a staggering $415 million. The lineup of 125 companies showcased in […]

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FG approves SPV for 90,000km fibre optic cable

The Federal Government has approved a special purpose vehicle for the delivery of an additional 90,000 km fibre optic cable to ensure universal internet access in Nigeria This was disclosed in a statement by the Minister of Communications, Innovation, and Digital Economy, Bosun Tijani on Tuesday, according to The Punch. An SPV is a separate […]

Tech

Peacock, Netflix, Apple TV+ join forces for streaming bundle

Major streaming platforms have joined forces to introduce bundled packages, marking a significant shift in the streaming space. Expected to launch this month, the inaugural StreamSaver bundle will integrate Peacock, Netflix, and Apple TV+. Comcast customers will have exclusive access to this bundle, as confirmed by CEO Brian Roberts. Roberts hinted at the tantalizing prospect […]

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