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US Embassy in Nigeria moves to new visa service provider
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Nigerians to get S’Africa visa in seven days – Consul-General

The Consul-General of South Africa to Nigeria, Prof. Bobby Moroe has announced that instead of the previous six-month processing time, Nigerians who seek to visit the south africa will now receive their visas in seven days. This was disclosed by the envoy to pressmen at the July Breakfast Meeting sponsored by South Africa Airways with […]

Electricity News

TCN suspends AEDC over market participation agreement violation

The Abuja Electricity Distribution Company has been suspended by the Transmission Company of Nigeria for violating the terms of the market participation agreement and market rules. AEDC supplies electricity to the Federal Capital Territory, Kogi, Nasarawa and Niger states, while TCN is the Federal Government company that transmits the electricity produced by power generation companies […]

Netflix's ad-supported subscription plan rises to 94m users
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Netflix records $9.5bn revenue, adds 8m subscribers

Streaming platform, Netflix has added 8.05 million new paid subscribers in the second quarter of 2024, surpassing projected estimates of 5.2 million by 54%. This surge elevates Netflix’s global subscriber base to 277.65 million, solidifying its dominant position in the streaming market. While lower than the 9.33 million recorded in Q1 2024, this figure still […]

African startups backed by Google secure $266m funding
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African startups backed by Google secure $266m funding

Startups supported by Google for Startups Black Founders Fund in Africa have collectively secured $266 million in venture capital funding over the past three years, a report by Google for Startups and Notion Capital has revealed. The initiative, aimed at supporting Black entrepreneurs and addressing their longstanding challenges in accessing capital and resources, has also […]

News

Abuja court strikes out FG’s N30b illegal ads suit against Meta

The Federal High Court sitting in Abuja has dismissed the N30 billion alleged illegal advertisement lawsuit instituted against Meta Platforms Incorporated (owners of Facebook, Instagram and WhatsApp platforms) and its agent AT3 Resources Limited by the Advertising Regulatory Council of Nigeria. Justice Peter Lifu dismissed ARCON’s case with suit no: FHC/ABJ/CS/1701/2022 in response to a […]

Starlink withdraws from South African regulatory hearings
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Elon Musk mocks Microsoft over global disruptions

Billionaire businessman and CEO of microblogging platform, X has mocked the global disruption caused by a glitch in Microsoft. The billionaire reacted to a meme shared on X with a laughing emoji, which humorously captioned, “Everything else is down, but this app still works,” mocking the disruptions. Airlines, banks, retailers, and healthcare providers are currently […]

Lagos plans CNG-powered buses by end of 2024
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Lagos plans CNG-powered buses by end of 2024

The Lagos State Government has unveiled plans to introduce compressed natural gas-powered buses for public transportation operations by the fourth quarter of 2024, pending any unforeseen challenges. This initiative, announced by the Lagos Metropolitan Area Transport Authority, is part of a broader strategy to adopt biogas as an alternative fuel source for state-regulated buses, aimed […]

News

Universal Insurance anticipates over N20bn income in 2024 

Universal Insurance Plc has predicted a premium income of N20 billion for the 2024 financial year. This was disclosed by the Managing Director of Universal Insurance, Mr. Ben Ujoatuonu at the 2023/2024 Annual General Meeting (AGM) of the Nigerian Association of Insurance and Pension Editors (NAIPE) in Lagos, according to Vanguard. Ujoatuonu said the firm […]

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FG launch cleantech initiative to empower startups, SMEs 

The Federal Government has unveiled the National Cleantech Innovation Entrepreneurship Ecosystem, an initiative that aims to promote small and medium-sized businesses and startups in the nation. This was disclosed in a statement by the Minister of Innovation, Science, and Technology, Chief Uche Nnaji via his official X account on Thursday. The Global Cleantech Innovation Programme […]

Microsoft announced Monday that it will eliminate developer onboarding fees for the Microsoft Store on Windows
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Microsoft system glitch causes global disruptions

Businesses worldwide have faced significant disruptions following a series of technical glitches in Microsoft’s systems, affecting crucial services relied upon by industries ranging from airlines to financial institutions. Reports indicate that the disruptions have notably impacted operations in the United States and various Asian countries. On social media platforms, numerous employees have shared frustrations over […]

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FG seeks regulations for e-commerce platforms in Nigeria

Federal government intends to create regulations for e-commerce platforms and provide cyber insurance to enhance security in the digital economy. This was revealed in the National Digital Economy and E-Governance Bill currently before the National Assembly, according to The Punch. To increase security in electronic trade, the National Insurance Commission is required by law to […]