Diaspora remittances surge to $4.22bn – CBN
The Central Bank of Nigeria has reported a substantial rise in diaspora remittances through International Money Transfer Operators, reaching $4.22 billion between January and October 2024. This marks a significant…
Five multinational firms that pulled out of Nigeria in 2024
Several multinationals have exited the country by divesting their operations or transferring their stakes to new investors, while the Nigerian government highlights recent multi-million-dollar investments. The significant exodus of multinationals…
CBN restricts daily limit of POS transactions to N100,000
The Central Bank of Nigeria has introduced a policy to advance its cashless economy initiative, capping daily cash-out transactions conducted by Point of Sale agents at N100,000 per customer. This…
Tinubu eyes N34.8trn revenue in 2025
President Bola Tinubu revealed that his administration is targeting a revenue of ₦34.8 trillion in 2025. He made this disclosure while presenting the 2025 budget to a joint session of…
Russia to launch free cancer vaccine by 2025
The Russian Ministry of Health has announced the development of a groundbreaking cancer vaccine, set to be distributed free of charge to patients starting in early 2025. The vaccine, designed…
Over 4m households robbed in one year — Report
A staggering 4,142,174 homes, accounting for 4.8% of households in Nigeria, fell victim to home robberies between May 2023 and April 2024, according to a new report by the National…
Dutch authorities fine Netflix €4.75m over data transparency breach
Netflix has been fined €4.75 million (approximately $4.98 million) by Dutch authorities for failing to adequately inform subscribers about the use of their personal data. The Dutch Data Protection Authority…
Labour shortage: Poland to overhaul 2025 work visa program
Poland is set to introduce reforms to its work visa program in 2025, aimed at addressing labor shortages, improving immigration compliance, and streamlining the application process for foreign professionals. These…
DR Congo sues Apple over conflict in minerals supply
The Democratic Republic of Congo has filed criminal complaints in France and Belgium against Apple Inc. and its subsidiaries, accusing the tech giant of using conflict minerals in its supply…
Google, Facebook, others contribute N3.8tn in taxes to FG – Report
Foreign companies such as Google, Netflix, and Facebook paid N3.85tn in taxes to the Nigerian Federal Government in the first nine months of 2024, according to National Bureau of Statistics…
Nigeria, African nations propose continental credit rating agency initiative
Nigeria and other African countries are working to create a continental credit rating agency to address the perceived bias of Western agencies like Moody’s, Fitch, and S&P. The initiative aims…
Honda, Nissan explore merger to challenge EV makers in China
Honda and Nissan have reportedly engaged in talks about a potential merger to better compete with electric vehicle manufacturers, particularly in China. The move would allow both companies to pool…
