Brent crude hits $80.41 per barrel, highest since May 2023
Brent crude has reached a price of over $80.41 per barrel for the first time since May 20, 2023. According to Nairametrics, after examining crude oil prices on Wednesday, July 12, it…
NMDPRA announces new gas prices
The Nigerian Midstream and Downstream Regulatory Authority has announced that a new gas pricing pattern will be made public today following a review with President Bola Tinubu's Energy adviser, Olu Verheijen.…
Apple to review prices for in-app purchases in Nigeria, others
Apple will on July 25, 2023, begin implementing changes to its prices or in-app purchases made through the App Store. Three African markets which include Nigeria, Egypt, and Tanzania would…
Shopify launches AI assistant
Canadian e-commerce company Shopify, announced on Wednesday that it will soon introduce an artificial intelligence assistant for merchants using its platform. CEO Tobi Lutke explained in a video uploaded on…
Don’t grant debtors loan, FCCPC warns digital lenders
By Wilson Adekumola The Federal Competition and Consumer Protection Commission has admonished digital lenders not to lend money to those who failed to back their loans, describing them as…
IBEDC to upgrade prepaid meter
By Wilson Adekumola The Managing Director of Ibadan Electricity Distribution Company Plc. Mr Kingsley Achife, has announced upcoming upgrade of its Standard Transfer Specification prepaid meters to boost efficiency…
Nigerian govt to amend Cybercrime Act – NSA
The Federal Government is now putting measures in place to amend the 2015 Cybercrimes Act to address challenges arising from emerging technologies like AI, according to the National Security Adviser,…
Meta unveils new avatar feature for IG, messenger video calls
The parent company of Instagram and Messenger, Meta has made an exciting announcement, introducing a new real-time Avatar feature for video calls. In a recent blog post, Meta shared that…
Only 53% electricity capacity is utilized in Nigeria – NERC
The Nigerian Electricity Regulatory Commission has stated that just 53% of the country's available electricity capacity is being used. According to The Guardian, this was announced on Wednesday by the Vice Chairman and Commissioner…
Customs AG CG reiterates commitment to decongest ports
The Acting Comptroller General of Customs, Adewale Adeniyi, has announced that the Nigerian Customs Service is prioritizing the decongestion of ports in order to enhance their efficiency and support export-led…
VFD Group to raise N32.5bn through equity, debt
Investment company VFD Group has announced plans to raise fresh capital amounting to N32.5 billion through a combination of equity and debt, following approval from its shareholders. According to Premium…
10% Nigerians have access to pensions – Report
The managing director of Norrenberger Pensions Limited, Mr. Hamisu Bala Idris, has revealed that only 10% of Nigerians have access to pension plans. According to Vanguard, Idris also stated that 80%…
