Nigeria is France’s top trading partner – French ambassador
The French ambassador to Nigeria, Ms. Emmanuelle Blatmann, stated that Nigeria had been France's first trading partner in Sub-Saharan Africa. She continued by saying that 75% of French investments in…
Friendly market policies’ll boost Nigeria’s credit profile – NGX
The Nigerian Exchange Group Plc has urged the Federal Government, led by President Bola Tinubu, to develop stronger pro-market policies to boost Nigeria's credit profile. The organization's chairman, Mr. Umaru…
Exchange rate drops N803 per dollar at I&E window
On Friday, July 15, 2023, the exchange rate between the dollar and the naira decreased to N803/$1 in the investor and exporter window. Since Nigeria established the managed float exchange…
Musk’s new company xAI to work with Twitter, Tesla
Elon Musk stated on Friday that xAI, his new artificial intelligence company, founded with the goal of "understanding the universe" will work with Tesla, and Twitter. The billionaire presented his…
Geregu Power records N6.9bn pre-tax profits for Q2 2023
Geregu Power Plc has issued its unaudited 2023 second quarter reports, which indicate pre-tax profits of N6.9 billion. According to The Times, this compares to a pre-tax profit of N5.3…
CAF appeal board names Nigerian Justice Harriman president
Nigerian Justice Roli Harriman has been chosen as the next head of the CAF Appeals Board on the sidelines of the Confederation of African Football's Ordinary General Assembly in Abidjan,…
Binance lays off over 1000 employees
The cryptocurrency exchange Binance has laid off some staff days after key executives left the company. "Over the last six years, we have grown from 30 to a team of…
Microsoft discloses Chinese hackers exploited flaw in system
Microsoft has disclosed that Chinese hackers stole emails from clients including government agencies by exploiting a flaw in its system. The tech giant said that Chinese hackers were able to…
NGX names VFD’s Nonso Okpala Non-Executive Director
The shareholders of the Nigerian Exchange Group Plc approved the group managing director of the VFD Group, Mr. Nonso Okpala, as a new non-executive director of the Nigerian Exchange Group Plc. According…
Meta blocks access to Threads through VPN – Report
Meta’s Threads app, has disclosed its preventing access to the platform with the use of a virtual private network. According to Techcrunch, the disclosure is coming after receiving numerous complaints…
NvisionU Nigeria names Segun Omobolaji new country manager
NvisionU Nigeria, one of Nigeria's fastest-growing health, wellness, and financial literacy firms, has appointed Mr Segun Omobolaji as its new County Manager. The company's direction and goals for this appointment…
MSMEs digitization to boost Nigeria’s GDP by $53bn – NITDA
The National Information Technology Development Agency has stated that digitizing Micro, Small, and Medium Enterprises could improve Nigeria's GDP by $53 billion. This was said by the director-general of NITDA, Mr. Kashifu…
