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FG’s IT infrastructure investment hits N3.8tn

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FG to enact rules on flight cancellations, delays
News

Nigeria, Brazil plan direct flights to promote trade, tourism

The Minister of Aviation and Aerospace Development, Festus Keyamo, has begun discussions with the Brazilian Ambassador to Nigeria, Carlos Garcete, to activate the Bilateral Air Service Agreement between the two countries. This initiative aims to establish direct flights, enhancing connectivity and promoting trade and tourism between Nigeria and Brazil. This was disclosed in a statement […]

New SEC regulation to enhance transparency in bank recapitalization
News

SEC vows to combat crypto fraud

The Securities and Exchange Commission has pledged to tackle fraud, money laundering, and market manipulation within Nigeria’s rapidly evolving cryptocurrency sector. This commitment was made by SEC Director General, Emomotimi Agama during the opening of the International Organisation of Securities Commissions World Investor Week in Lagos on Monday, according to The Punch. Agama emphasized the […]

"Deadpool & Wolverine" surpasses N700m at Nigerian Box Office
News

“Deadpool & Wolverine” surpasses N700m at Nigerian Box Office

The Hollywood blockbuster “Deadpool & Wolverine” has reached a significant milestone in Nigeria, crossing the N700 million mark after over two months in cinemas. With a total gross of N700,213,987 and more than 142,000 admissions, it becomes only the fifth film to surpass this threshold in English-speaking West Africa, according to the latest Nigerian box […]

Putin signs law for state-backed messaging app
News

Cyberattack targets Russian state media on Putin’s birthday

Russian state media company VGTRK, which oversees the country’s primary national TV stations, fell victim to a significant cyberattack on Monday, allegedly orchestrated by Ukrainian hackers, Reuters reported. Early reports indicated that VGTRK’s website was down, and its Rossiya-24 news channel was inaccessible online. An error message stating “503 Service Unavailable. No server is available […]

News

Ivory Coast seizes 33 trucks transporting smuggled cocoa beans

Ivory Coast’s Coffee and Cocoa Council has seized 33 trucks transporting approximately 1,100 tonnes of smuggled cocoa beans across the border from Guinea, according to sources. The rise in cocoa smuggling in the region follows poor harvests in both Ghana and Ivory Coast, the world’s largest and second-largest cocoa producers, according to Reuters. The details […]

Spotify launches custom transitions to enhance playlists
News

Spotify raises premium subscription prices by over 40%

Online audio streaming platform Spotify has announced a significant price increase for its Premium subscribers, raising fees by more than 40%. Starting in November, the monthly cost for the Premium Individual plan will rise from ₦900 to ₦1,300. The company stated that this adjustment is necessary to support ongoing innovations and enhancements to its product […]

Kenya restricts Telegram as protest gains momentum
News

Criminal networks use Telegram for illegal activities – UN

Criminal networks from Southeast Asia are extensively utilizing the messaging app Telegram, fundamentally changing the landscape of organized crime, according to a report released by the United Nations on Monday. The report follows recent allegations against Telegram’s CEO, Pavel Durov, who was charged in France for enabling criminal activity on the platform, under a new […]

Oil and Gas

Oil nears $80 mark amid Middle East tensions

Oil prices continued their upward trajectory on Monday, with Brent crude nearing the $80 mark as concerns over a potential escalation of conflict in the Middle East fueled fears of disruptions to exports from this critical oil-producing region. Brent crude futures had increased by $1.09, or 1.4%, reaching $79.14 a barrel by earlier today, according […]

Minister threatens to revoke Kogi-Benin Road contracts
News

FG seeks 30% advance payment from NLNG for Bodo-Bonny road

The Federal Government has proposed a 30% advance payment from Nigeria LNG to expedite the Bodo-Bonny road project in Rivers State. This initiative follows the Federal Executive Council’s approval to boost the project’s funding to N280 billion. Minister of Works David Umahi announced this development during a meeting with Julius Berger (Nig.) Plc, as detailed […]

News

Indian authorities investigate WazirX over $235m crypto heist

India’s largest cryptocurrency exchange, WazirX, is under investigation by Indian authorities in connection with a significant hack that resulted in the loss of $235 million in customer funds. The incident, which took place on July 18, saw a substantial amount of crypto assets stolen by an unidentified hacker, who is reportedly laundering the proceeds through […]

Access Bank nears final stages of National Bank of Kenya acquisition
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Access Bank secures license to establish operations in Namibia

Access Bank has received a provisional license from regulatory authorities in Namibia to set up a bank in the Southern African nation. The announcement was made in a statement to the Nigerian Stock Exchange, signed by the bank’s Head of Media Relations, Olakunle Aderinokun on Monday. Access Bank emphasized that its commercial banking operations in […]

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