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Domestic transactions on NGX hit record ₦10.68trn in July

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Naira strengthens to ₦1,346.90/$ amid surge in FX activity

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DStv, GOtv users lament activation delays as EPL returns

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Samsung blames US AI chip sanctions for profit slump, shares dip
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Samsung changes executives amid struggles in AI chip market

Samsung Electronics has announced new leadership for its memory and foundry chip units in a bid to strengthen its position in the rapidly expanding AI chip market, where it is striving to catch up with competitors such as SK Hynix and Taiwan’s TSMC. The reshuffle, announced on Wednesday, saw Jun Young-hyun appointed as co-CEO and […]

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GDP growth report at odds with economic reality – NECA, CUPP

The Nigeria Employers’ Consultative Association and the Conference of United Political Parties have stated that despite the 3.42% GDP growth figure released by the National Bureau of Statistics, unemployment and the reality in many households remain in stark contrast. NECA, the umbrella body for employers and the voice of business in Nigeria, in a statement […]

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$500M W’Bank loan to benefit 25 Nigerian states

The newly approved $500 million World Bank loan will benefit at least 25 state governments, aimed at improving water resource management for hydropower and irrigation. On Tuesday, the Federal Government, through the Ministry of Water Resources and Sanitation and the Ministry of Power, signed a Memorandum of Understanding with the World Bank to implement the […]

Criticisms trail Kenya's drop in Visa Openness rankings
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Criticisms trail Kenya’s drop in Visa Openness rankings

Kenya has fallen in the latest rankings of visa openness for African visitors, despite introducing a “visa-free” policy earlier this year. According to the 2024 Africa Visa Openness Index, Kenya dropped 17 places to 46th out of 54 countries. This decline follows the implementation of a new travel authorization system requiring most visitors from African […]

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W’Africa now hub for stolen vehicles, says customs

The Nigeria Customs Service has revealed that West Africa has become a key destination in the global stolen vehicles trade network, which spans from Europe and North America to South America and Australia. The Comptroller-General of Customs, Adewale Adeniyi, made this disclosure on Tuesday in Lagos during a display of seized vehicles. He also noted […]

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Marketers to begin fuel lifting at P’Harcourt refinery soon

Petroleum marketers have stated that they are set to begin lifting fuel from the state-owned Port Harcourt refinery soon. They added that the process would be seamless as they are already customers of the NNPC. Speaking at the refinery complex on Tuesday, the Publicity Secretary of the Petroleum Products Retail Outlet Owners Association of Nigeria, […]

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Edun urges Lagos to lead Nigeria’s economic expansion

Minister of Finance Wale Edun, has urged Lagos State to lead efforts in expanding Nigeria’s economic base during the Eko Revenue Plus Summit. Speaking on Tuesday at the two-day Eko Revenue Plus Summit, themed: ‘Unlocking New Revenue  Streams for Lagos State’, Edun, represented by the Chief Executive Officer of Nigeria’s Ministry of Finance Incorporated, Dr […]

Enugu to buy for aircrafts for Enugu Air in 2025
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Enugu to buy for aircrafts for Enugu Air in 2025

The Enugu State government has unveiled plans to acquire four new aircraft for its proposed state-owned airline, Enugu Air, in 2025. This project is part of a broader strategy to strengthen the state’s transportation sector, with a total of N41.1 billion allocated for transportation projects in the state’s 2025 proposed budget. The announcement was made […]

NITDA issues cybersecurity alert over malicious activities on Spotify
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NITDA issues cybersecurity alert over malicious activities on Spotify

The National Information Technology Development Agency has raised an alarm about a growing cybersecurity threat involving the music streaming platform, Spotify. In a public notice released on Tuesday, the agency warned Nigerians that cybercriminals are exploiting Spotify to promote malicious activities, including game hacks, pirated software, and spam links that could put users at risk. […]

US seizes servers, $1M in Bitcoin from Russian ransomware gang
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Bitcoin drops to $93,000 after recent rise

The leading cryptocurrency, Bitcoin, has seen a pullback to $93,000 after briefly reaching a high of $99,000 earlier this week. This decline marks the longest losing streak for the digital asset since the surge sparked by Donald Trump’s election victory. With Bitcoin’s price now at $93,346, down 5.0% in the last 24 hours, market observers […]

Spotify launches 'Concerts Near You' playlist for event discovery
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Spotify launches new tools for audiobook authors, publishers

Spotify has introduced a new set of tools aimed at authors and publishers distributing their audiobooks on its platform with the launch of Spotify for Authors. The new service, similar to the company’s existing tools for artists and creators, provides audiobook creators with detailed insights and analytics on their content’s performance. Spotify for Authors will […]

Top 10 most-improved visa-friendly African countries
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Top 10 most-improved visa-friendly African countries

Traveling between African countries is becoming increasingly accessible, thanks to growing trends in visa policy reforms across the continent. A recent report, “Africa Visa Openness Index,” from 2016 to 2024 shows that 39 African countries have improved their visa rankings, signaling a positive shift towards easier travel across the continent. The increase in visa scores […]

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