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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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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

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

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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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EFCC arrest BDC operators as naira slides to 1,416/$

The Economic and Financial Crimes Commission operatives on Tuesday reportedly arrested some Bureau De Change operators at the popular Wuse Zone 4 market on Tuesday amid the rapid depreciation of the naira. In addition, traders said some BDC operators resisted arrest in the course of the undercover operation, according to The Punch. The operatives had […]

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CBN suspends cash deposits charges till September 30

Banks have been instructed by the Central Bank of Nigeria to stop charging for cash deposits until September 30th, 2024. This was disclosed in a circular signed by its Director of Banking Supervision, Adetona Adedeji, according to The Punch. Several bank customers raised concerns after the banks started collecting processing fees for cash deposits on […]

Meta unveils Llama API to attract developers, compete in AI race
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Meta expands paid verification service for businesses

Meta, the parent company of Facebook and Instagram, is broadening its paid verification service for businesses, introducing three new tiers to the program that offer additional benefits to companies willing to invest in a monthly subscription. This expansion comes after Meta initially introduced the service, known as Meta Verified, to businesses last autumn, following the […]

Meta lays off staff in Reality Labs division amid ongoing restructuring
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Meta tests cross-posting from Instagram to Threads

The parent company of Instagram, Meta, is trying a novel method to enhance engagement on Threads, its messaging app. This experiment involves allowing users to cross-post photos from Instagram directly to Threads, a feature aimed at fostering greater connectivity between the two platforms. Confirmation of the trial came from Meta after a few Threads users […]

Apple launches new Magic Keyboard
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Apple launches new Magic Keyboard

Apple during its iPad-focused event unveiled an updated version of its Magic Keyboard, the keyboard accessory for iPad, promising a sleeker and more versatile design. Described as “completely redesigned,” the new Magic Keyboard boasts a thinner and lighter profile compared to its predecessor. It now incorporates a function row for convenient access to controls such […]

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States, LGs to share 90% VAT revenue – Presidential panel

The Presidential Committee on Fiscal Policy and Tax Reforms has suggested that the share of VAT revenue for states and local governments should be reviewed to 90 per cent, and that of the Federal Government cut down to 10 per cent. In addition, the Committee also recommended that the current rate of 7.5 per cent […]

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Shell remitted over $1bn in tax to FG in 2023

Shell Nigeria says it exclusively paid a total of $1.09bn in corporate taxes and royalties to the Nigerian government in 2023, through the operations of the Shell Petroleum Development Company of Nigeria Limited and Shell Nigeria Exploration and Production Company of Nigeria Limited. This was revealed in a recent publication of Shell’s briefing notes for […]

Microsoft to hold cybersecurity summit after server outage
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Job losses loom as Microsoft exits Nigeria

There are reported indications that the West African operation of Microsoft African Development Centre, situated in Lagos, Nigeria, maybe on the brink of closure. Industry insiders disclosed this development to The Guardian on Tuesday, although Microsoft has not issued an official statement regarding the matter. According to sources familiar with the situation, Microsoft’s management reportedly […]

CAC denies irregular recruitment
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CAC drops deadline for POS operators’ bank registration

The Corporate Affairs Commission has instructed banks to ensure the registration of their customers in the agent banking platform on or before July 7, 2024. This was disclosed in a statement by the Registrar-General/CEO of CAC, Hussaini Ishaq Magaji on Tuesday. According to the statement, Magaji in a letter to banks, directed banks to register […]

Fuel queues won’t exceed Saturday, says Kyari
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Scarcity: NNPCL confirms 1.5bn litres petrol stock, tackles suspected oil cartels

The Nigerian National Petroleum Company Limited has partnered with security agencies and other industry stakeholders to knock down a cartel suspected to be hoarding petrol across the country. According to the company, it has products that can last up to 30 days due to continuous improvement in nationwide supply and distribution of Premium Motor Spirit […]

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Customs make N672.1bn in four months from Apapa command

The Apapa Command of the Nigeria Customs Service said it generated N672.1 billion from January to April 2024. This was disclosed by the outgoing area controller of the Apapa command, Babajide Jaiyeoba during his handover and retirement ceremony in Lagos on Monday, according to Daily Trust. Jaiyeoba said the command made a record-breaking revenue of […]

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