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Abuja DisCo refunds ₦241.45m to 9,823 customers 

The Abuja Electricity Distribution Company has issued electricity credit refunds totaling ₦241.45 million to 9,823 customers across its service areas. The refunds, granted as compensation for billing irregularities and regulatory breaches between June 2024 and January 2025, were processed as energy credits. This action follows directives from the Nigerian Electricity Regulatory Commission in accordance with […]

Aviation

Partnership with Air Force to drive aviation growth – Keyamo 

Minister of Aviation and Aerospace Development, Festus Keyamo, has stated that the collaboration between his ministry and the Nigerian Air Force goes beyond securing Nigeria’s airspace. According to him, the partnership is also laying the foundation for a sustainable and economically vibrant aviation sector by enhancing infrastructure, boosting local capacity, and attracting investment to drive […]

Apple teases major iOS redesign ahead of WWDC 2025
News

Apple teases major iOS redesign ahead of WWDC 2025

Apple has dropped its biggest clue yet about the future look of iOS, just days before its annual Worldwide Developers Conference begins on June 9 in Cupertino, California. The teaser comes from Apple’s Senior Vice President of Marketing, Greg Joswiak, who posted a five-second animation on social media. The clip transitions from the Apple logo […]

Foreign travellers to price tickets N770/$1 from N663/$1
Travel

Top travel destinations with highest fraud rates – Mastercard report

Many travelers worry about falling victim to scams when visiting new places—concerns like pickpocketing or being tricked by what appears to be a legitimate tour company. These fears, are not unfounded, according to Mastercard. A recent study reveals that the travel industry is a major target for scammers, who exploit tourists’ unfamiliarity. The Mastercard Economic […]

Tony Elumelu appointed to IMF advisory council
Banking

Tony Elumelu acquires additional N43.9bn UBA shares in two days

The Chairman of United Bank for Africa, Tony Elumelu, has purchased shares worth N43.9 billion in the bank over two days. The Group Company Secretary, Bili Odum, revealed the transaction details in a regulatory filing submitted to the Nigerian Exchange Group on Monday. The filing states that the transactions took place between May 29 and […]

has presented its 2024 Regulatory Impact Assessment, a comprehensive review aimed at overhauling existing telecom regulations
featured

NCC orders banks to charge USSD fees from users’ airtime

The Nigerian Communications Commission has instructed deposit money banks to cease deducting charges for USSD transactions directly from customers’ bank accounts. Instead, these fees will now be taken from users’ mobile airtime. This change was communicated to customers by the United Bank for Africa in an email on Tuesday. According to the email, the directive […]

Aviation

IATA removes Nigeria from list of countries with blocked funds

The International Air Transport Association has confirmed that Nigeria has been removed from the list of countries with blocked airline funds, also known as unrepatriated or trapped revenues. Speaking at a press briefing during IATA’s recent Annual General Meeting, the association’s regional vice-president for Africa, the Middle East,Europe, Kamil Al-Awadhi, acknowledged ongoing challenges with blocked […]

News

FG to train 100,000 artisans in 2025

The Federal Government has unveiled plans to train 100,000 artisans across Nigeria in 2025 as part of efforts to stimulate economic growth through skill development. This was revealed by the Director-General of the Industrial Training Fund, Dr. Oluwatoyin Ogun, on Tuesday in Akure during the inauguration of the Association of Nigerian Artisans and Technicians Secretariat […]

PayPal integrates Venmo card to Apple Wallet
Tech

PayPal unveils new credit card to boost in-store presence

PayPal Holdings Inc. is set to launch a new credit card as part of its strategy to strengthen its presence in physical retail locations. The card, issued by Synchrony Financial, will expand PayPal’s lineup of financial products, which already includes a long-standing debit card and a 3% cash-back credit card. The California-based company said the […]

Kenya clears Moniepoint’s acquisition of Sumac Microfinance Bank
News

Kenya clears Moniepoint’s acquisition of Sumac Microfinance Bank

The Competition Authority of Kenya has granted approval for Nigerian fintech firm Moniepoint to acquire a 78% stake in Sumac Microfinance Bank, marking a significant step in Moniepoint’s entry into Kenya’s tightly regulated banking sector. The deal, however, remains subject to final approval by the Central Bank of Kenya. If completed, it will give Moniepoint […]

Apple faces $1.1bn in tariff costs as trade tensions escalates
News

Apple challenges EU order to open ecosystem to rivals

Apple has filed a legal challenge against a European Union order requiring the tech giant to open its closed ecosystem to competitors, including Meta and Google. The company argues that the demands are unreasonable, costly, and threaten user privacy and innovation. The European Commission outlined the requirements in March under the Digital Markets Act, legislation […]