Apple calls out Meta over excessive access to software tools
Alex Omenye Apple has accused Meta on Wednesday of making excessive demands for access to its software tools, raising concerns about potential risks to user privacy and security. The public…
Finance Ministry allocates N75m to monitor banks
The Federal Ministry of Finance has proposed a N75 million allocation in its 2025 budget to monitor the activities of banks and financial institutions through its Home Finance Division. This…
CBN sets PoS agents daily transaction limit at N1.2m
The Central Bank of Nigeria has set a daily transaction limit of N1.2 million for Point of Sale agents. Additionally, the bank introduced a cap of N100,000 per customer for…
Customs scrap import duties on LPG, CNG conversion Kits
The Nigeria Customs Service has removed import duties on Liquefied Petroleum Gas and related equipment, including conversion kits for Compressed Natural Gas. This move aims to encourage the adoption of…
ICYMI: Nigeria targets 500 CNG centres 2025, hits 170
The federal government, through the Presidential Compressed Natural Gas Initiative, has revealed that the number of vehicle conversion centres in Nigeria has surpassed 170, with a target of reaching 500…
Tencent, Epic Games directors vacate board seats over antitrust concern
Tencent Holdings Ltd. removed two directors it appointed to Epic Games Inc.'s board after the US Justice Department ruled the appointments violated antitrust laws. Tencent, China’s most valuable company, holds…
Nigeria secures $1.7b from W’Bank, AfDB for renewable energy
Nigeria is set to deploy renewable energy with a $1.7 billion investment from the World Bank, African Development Bank, and a new $250 million facility from the International Finance Corporation.…
Apple, Tencent, ByteDance plan AI features in Chinese iPhones
Apple is reportedly in discussions with Chinese tech giants Tencent and ByteDance to integrate their artificial intelligence models into iPhones sold in China, Reuters reported. The talks come as Apple…
NNPC E&P misses out in oil licensing round
The Nigerian National Petroleum Company Exploration and Production Limited a subsidiary of NNPC Limited, did not secure any awards in the recently concluded oil licensing bid round. The winners were…
FG approves Shell’s $2.4bn onshore assets sale
Renaissance Africa Energy Company Limited has announced that it has received ministerial consent to acquire Shell Petroleum Development Company. This marks a significant development in Nigeria's oil and gas sector.…
Volkswagen buys stake in Patriot Battery Metals for $48.1m
Volkswagen Group is investing C$69 million ($48.1 million) to acquire a 9.9% stake in Patriot Battery Metals Inc., marking its first venture into the mining industry. This investment ensures a…
Nigeria’s internet subscribers hit 134m in October – NCC
The Nigerian Communications Commission reported that internet subscribers in Nigeria reached 134.78 million in October 2024, marking an increase of 1.88 million compared to the 132.9 million subscribers in September…
