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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
Disney, Warner Bros to launch joint streaming bundle

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

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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NDIC raises banks’ deposit insurance coverage to N5m

The Nigeria Deposit Insurance Corporation has announced the rise in the maximum deposit Insurance coverage for depositors of banks by 900 per cent to N5 million. This was disclosed in a Press release by the Managing Director/Chief Executive of NDIC, Bello Hassan via its official X handle on Thursday. He said the increase of the […]

Telecommunications

MTN blocks 8.6m lines amid NCC deadline extension

Telecommunication giant, MTN Nigeria have said that 8.6 million lines were completely blocked from the network by the directory of the Nigerian Communications Commission on Sims not linked to the National Identification Number of the users This was disclosed by MTN Nigeria in its 1st quarter of 2024 Financial Report, stating that it affected its […]

Canada fines Binance $4.38m for money laundering
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Abuja court adjourns Binance exec Gambaryan’s trial till May 17

A Federal High Court sitting in Nigeria’s capital, Abuja, on Thursday adjourned the trial of detained Binance Holdings Limited executive, Tigran Gambaryan, till May 17 2024 for the continuation of his trial. AMBusiness reported that Gambaryan and his fleeing colleague, Nadeem Anjarwalla, and Binance Holdings Limited are being prosecuted by the Economic and Financial Crimes […]

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  • 2nd May 2024
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Nigeria Exchange in decline two weeks in a row
Business

NGX Group introduce digital platform for public offers

The Nigerian Exchange Group has announced that it is perfecting plans to introduce a website for public offers across the African continent, and expanding its presence across Africa. This disclosure was made during the 63rd Annual General Meeting of the group, which was held recently in Lagos, according to The Punch. This follows the recent […]

Maritime

Nigeria, others sum up 7.8% of global seafarers – ITF

Nigeria and other African countries account for only 78,000, or 7.8 percent, of the more than 1 million certified seafarers working on international merchant ships worldwide, according to the International Transport Workers Federation. This was disclosed recently by the ITF Africa Regional Secretary Safiyanu Muhammed, in Lagos during a working visit to the National Secretariat […]

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Nigerian pension funds set record, invest N550bn in stocks

Pension fund managers in the first three months of 2024, purchased Nigerian stocks worth N550 billion, taking it to a record N2.32 trillion as of the end of March. These figures show a significant 31 per cent increase in equity investments to N2.32 trillion as of March 2024 compared to N1.77 trillion in December 2023, […]

Anthropic adds web search to Claude AI chatbot
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Anthropic launches Claude chatbot in iOS

Anthropic has enhanced accessibility to its Claude AI by launching a mobile app, making it easier for users to engage with Claude on the go. The newly released Claude mobile app for iOS is available for free download, providing seamless synchronization of conversations across devices, ensuring users can seamlessly transition between their computer and the […]

Snapchat introduces AI-powered video lenses
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Snapchat launches feature to allow chat edits

Snapchat is catching up with its messaging app counterparts by introducing the ability for users to edit their chats. This feature, set to roll out “soon,” will initially be exclusive to Snapchat+ subscribers, the company announced. With this update, Snapchat users will have a five-minute window to refine their messages, correct typos, or make other […]

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Nigerian banks close two million accounts over inactive BVN, NIN

Commercial banks in Nigeria closed 2.021 million bank accounts in the first quarter of 2024, Q1’24, to clean their books of suspicious accounts, following the regulatory orders on the linkage of bank accounts to the National Identity Number, NIN. This is revealed in a report by the Nigerian Interbank Settlement System, according vanguard. According to […]

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Govt expenditure increased by 33% in February – MPC member

A member of the Monetary Policy Committee of the Central Bank of Nigeria, Bamidele Amoo has disclosed that the Federal Government’s expenditure increased by 33.5 per cent in February. This was disclosed in a statement by Amoo at the MPC meeting, held between March 25 and 26, 2024, stating the figure was more than what […]

FG spends 74% of revenue on debt in Q1 2024
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Trade drops by 90% at Seme border over FX crisis – Agents

The licensed customs agents at the Seme border said that 90 per cent of the drop in activities was due to a fluctuating CFA versus naira exchange rate. This was disclosed recently by the Special Adviser to the President of the National Association of Government Approved Freight Forwarders, Seme Chapter, Mr Godon Ogonnanya in Lagos […]

Maritime

Shippers council corporative pay out N71m dividend

The Nigerian Shippers’ Council Staff Corporative Society has disclosed that it paid dividends of N70.9 million to its members in the year 2023. This was disclosed recently by The President of the NSCSM corporative society, Mr Adeyemi Olaolu at the 28th annual general meeting/election of the association with the theme ‘The corporative society: building sustainable […]

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