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Internet usage drops in Nigeria after 50% tariff hike – NCC
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Internet speed: Nigeria emerge seventh-fastest country in Sub-Saharan Africa

Nigeria has become the seventh-fastest country in Sub-Saharan Africa for internet speed with an average download speed of 27.62 Mbps. This is based on the 2024 Worldwide Broadband Speed Report, which Cable.co.uk published on Tuesday. According to tests of internet speeds conducted in 220 countries, Nigeria climbed up the world speed rankings from 133rd in […]

Kingsley Inegbedion
News Tech

FBI arrests Nigerian tech entrepreneur for $1.5m internet fraud

The Federal Bureau of Investigation has apprehended Kingsley Inegbedion, a prominent Nigerian tech entrepreneur, on charges related to a staggering $1.5 million internet fraud and money laundering scheme. The FBI’s actions stem from a 16-count criminal indictment filed against Inegbedion and his associate, Efemena Igbe, Peoples Gazette reported. The indictment, filed on May 14 in […]

News

FG targets $1tn economy boost, unveils public sector governance guidelines

The Federal Government has launched new guidelines for corporate governance in the public sector, aimed at moving the country towards a $1 trillion economy by 2026. The guidelines were announced by Financial Reporting Council Executive Secretary Dr Rabiu Olowo and Chief Executive of the Ministry of Finance Incorporated, Dr Armstrong Takang, at a press briefing […]

News Tech

African Brands to celebrate fintechs at fifth edition of AFTC

African Brands, a group committed to encouraging and supporting brand growth throughout the continent, will at the fifth edition of the Africa Financial Technology Congress, honour the role that financial technology companies have played in advancing financial inclusion on the continent. The event, themed ‘Harnessing the Power of Fintech to Accelerate Financial Inclusion in Emerging […]

Aviation News

NCAA to launch consumer protection portal August

The Nigerian Civil Aviation Authority has announced plans to launch its consumer protection portal in August, an initiative to improve accountability and openness in the aviation industry. This announcement comes after the NCAA worked to resolve numerous complaints from customers in the aviation industry, according to The Punch. The regulator said that the platform would […]

Nigeria, others spent $1.4trn on debt servicing in 2023 - World Bank
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Nigeria receives $751.88m from recently approved W’Bank loan 

The World Bank has disbursed $751.88 million to Nigeria from a recently approved $1.5 billion loan. The funds was disbursed as part of the Development Policy Financing Program (DPF) initiative, Nigeria Reforms for Economic Stabilization to Enable Transformation (RESET). This loan project is a portion of the larger $2.25 billion in reforms approved by the […]

News

Keyamo meets UAE authorities to fine-tune visa process 

Nigeria’s Aviation and Aerospace Development Minister, Festus Keyamo, revealed that he had a meeting with the ambassador of the United Arab Emirates to Nigeria, SalemS aeed Al-Shamsio to discuss the details of resuming direct flights between the two nations and the issuing of UAE visas to Nigerians. Keyamo made this disclosure via his official X […]

Salesforce acquires Informatica in $8bn deal
News Tech

Salesforce cut 300 jobs amid restructuring efforts

Salesforce, a pioneer in cloud-based software solutions, laid off a large number of staff members in July, affecting about 300 people. This action is consistent with the firm’s continuous attempts to streamline its operations and spur expansion. Bloomberg sources state that this month, the software giant made these layoffs. “Like any healthy business, we continuously […]

16 missing as oil tanker capsizes off Oman coast
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16 missing as oil tanker capsizes off Oman coast

At least 16 crew have been declared missing after a Comorian-flagged oil tanker capsized off Oman on Monday, the sultanate’s Maritime Security Centre (MSC) said, adding that a search was underway for survivors. The MSC, which is run by the Omani defence ministry, did not specify the cause of the capsize.In a post on social […]

featured News

UAE bills Nigerians nonrefundable N688,000 for visa document verification

The United Arab Emirates government has lifted the restriction on visas for holders of Nigerian passports, although there are new requirements of a N688,000 non-refundable documentation verification fee before getting a UAE visa. Before beginning the visa application procedure, all Nigerian travelers older than 13 must complete a mandatory document verification process, according to Nairametrics. […]

Court frees Emefiele on N20m bail
News

Court denies Emefiele’s request to travel for medical checkup

The Federal Capital Territory High Court has denied the plea by former governor of the Central Bank of Nigeria, Godwin Emefiele which requested permission to obtain his international passport to enable him to travel to the United Kingdom for a follow-up medical check-up. It was earlier reported, that the EFCC’s legal team had opposed Emefiele’s […]