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

NCC directs telecoms to audit billing systems

The Nigerian Communications Commission has instructed all telecommunication companies to conduct thorough audits of their billing systems. KPMG, a prominent global audit firm, has been engaged to oversee the audit process for one of the major telecom operators in Nigeria, Nairametrics reported. The specific company undergoing audit, however, was not disclosed. Nigeria’s telecom landscape is […]

News

FG eyes 9,000MW from renewable energy

The Federal Government has stated that it anticipates the renewable energy sector to contribute roughly 9,000 Megawatts of power supply to the nation by the year 2030 as part of the overall plan to address energy poverty in Nigeria. This was disclosed by the Minister of Power, Adebayo Adelabu, on Wednesday at the opening of […]

RT Briscoe launch money market fund
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RT Briscoe launch money market fund

RT Briscoe Nigeria Plc has launched its first money market fund with the Securities and Exchange Commission’s approval. This was disclosed in a statement named ‘R.T. Briscoe Savings and Investment Fund’ on Sunday, according to The Punch. First City Monument Bank Limited is the custodian of the fund, which expands the investment options available to […]

News

FX inflow via IMTOs reach $1.07bn in three months – CBN

Foreign exchange inflows from International Money Transfer Operators increased by 38.86 per cent to $1.07bn in the first quarter of 2024, from $770.23m recorded in the same period in the previous year. This disclosure was made in the Central Bank of Nigeria’s quarterly statistical bulletin for the first quarter of 2024, recently published on its […]

Dangote Refinery loses N32.5bn after petrol price cut
News Oil and Gas

FG takes steps to resolve Dangote, NMDPR rift

The Federal Government has taken steps to resolve the disagreement between Dangote Refinery and the Nigerian Midstream and Downstream Petroleum Regulatory Authority, over the quality of diesel distributed in the country. The Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiril called a high-level meeting with key stakeholders on Monday night in order to […]

Tesla to build humanoid robots for internal use
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Tesla to build humanoid robots for internal use

Tesla CEO Elon Musk announced on Monday that the company will begin production of humanoid robots for internal use starting next year, with plans to ramp up availability for other companies by 2026, as outlined in a social media post. Earlier projections by Musk indicated that the robots, named Optimus, would initially perform tasks in […]

News

NSIA grants $220,000 to three Nigerian startups

The Nigeria Sovereign Investment Authority has given $220,000 to three Nigerian startups The winners of the prize emerged on Saturday during the final Demo Day where 10 selected startups pitched their innovation through the second iteration of the NSIA Prize for Innovation, according to Nairametrics. The $100,000 main prize went to Sycamore, a peer-to-peer lending […]

Nigerian startups receive $220k grant from NSIA
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Nigerian startups receive $220k grant from NSIA

The Nigeria Sovereign Investment Authority has granted a total of $220,000 to three Nigerian startups through the second edition of its NSIA Prize for Innovation. The winners were announced during the final Demo Day on Saturday, where 10 selected startups presented their innovations. Sycamore, a fintech platform facilitating peer-to-peer lending by leveraging technology to connect […]

No injuries from accidental flight takeoff - Max Air
News

No injuries from accidental flight takeoff – Max Air

Max Air has disclosed that flight NGL1649, a Boeing 737 registered as 5N-ADB, which encountered a significant malfunction during its takeoff at Yola Airport on the evening of Sunday, July 21, 2024 had no injuries. The aircraft, which had 119 passengers and six crew members on board, was preparing to depart for Abuja when a […]

Banking News

Stockbrokers report investors’ surge amid ongoing banks’ public offers

Some stockbrokers in Nigeria’s capital market have witnessed Encouraging signs of significant investor involvement in the latest public offers and rights issues by banks. The stockbrokers expressed optimism that most banks will be fully subscribed, if not oversubscribed, citing the general public’s awareness of these offerings, according to Nairametrics. Nigerian banks are actively stepping up […]

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