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Microsoft warns Africa risks becoming AI consumer

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News Oil and Gas

Seplat Energy demand swift divestment process to boost oil, gas output

Seplat Energy Plc, a Nigerian independent energy business listed on the Nigerian and London Stock Exchanges, has stated that if divestiture and other related deals are hastened, Nigeria’s subsurface potentials could be greatly maximized and oil/gas production levels improved. This disclosure was made by the CEO of Seplat Energy, Mr. Roger Brown at the 2024 […]

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ICYMI: Jude Chiemeka appointed Chief Executive Officer of Nigeria Exchange Limited

The Nigerian Exchange Group Plc has announced the appointment of Jude Chiemeka as the Chief Executive Officer of Nigerian Exchange Limited, following the Securities and Exchange Commission’s approval. This was disclosed in a statement by NGX on Thursday. According to the statement, the appointment is to take effect from July 1, 2024. Recall, Mr. Chiemeka […]

News

NHIA announce 60% hike in healthcare services

The National Health Insurance Authority has announced an increase in healthcare expenditures, including a 60% increase in capitation and a 40% adjustment in Fee-For-Service. This was revealed by the Director General of NHIA, Dr. Kelechi Ohiri at the critical stakeholders’ meeting on new tariffs, held in Abuja, in an attempt to maintain the health insurance […]

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9mobile appoints Obafemi Banigbe as CEO

The Emerging Markets Telecommunication Services Limited also known as 9mobile, has named Obafemi Banigbe, a telecoms specialist and technology industry leader, as CEO. This was disclosed in a statement by 9mobile on Thursday, according to Nairametrics. According to the statement, the move is consistent with 9mobile’s heritage of business continuity, which will help the company […]

NLC threatens strike over pension fund, issues seven-day ultimatum
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NLC rejects new tariff hike for Band A customers

The Nigeria Labour Congress has expressed concern about the recent increase in the tariff payable by Band A users from N206.80 to N209.5 per kilowatt-hour. While demanding a reversal of the new tariff, the NLC accused the Federal Government of insensitivity and insincerity. This disclosure was made in a statement by the President of NLC, […]

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NCAA suspends 10 private jet operators over recertification delay

The Nigeria Civil Aviation Authority has announced the suspension of ten private jet operators over noncompliance with the recertification timeline. This was disclosed in a statement signed by the Director of Public Affairs and Consumer Protection, NCAA Michael Achimugu via its official X handle on Thursday. According to the statement, the private jet operators were […]

News Oil and Gas

CNG will be 40% cheaper than petrol, say NNPCL

The Nigerian National Petroleum Company Limited has revealed on Thursday that the use of Compressed Natural Gas in automobiles is 40 per cent cheaper than using Premium Motor Spirit, also known as petrol. The NNPC also stated that 100 CNG stations would be operational across the country in 12 months, as it opened 11 new […]

US SEC approves ETFs to track Bitcoin
Crypto

Bitcoin drops below $57,000 as US Fed delays rate cuts

Bitcoin fell to a two-month low of $57,000 on Thursday, following the release of minutes from the US Federal Reserve’s June meeting, showing that the central bank is not yet ready to decrease interest rates, according to CNBC. Bitcoin lost 5% in 24 hours to $56,837, going below the $57,000 level for the first time […]

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Tolaram announce Ladoja as MD/CEO of Lagos Free Zone

The board of directors of Tolaram has chosen Adesuwa Ladoja as the Managing Director/Chief Executive Officer of the Lagos Free Zone Company, one of its subsidiaries. This was disclosed in a statement by the board to its stakeholders, stating the appointment takes effect from July 1, according to Businessday. Ladoja succeeds Dinesh Rathi, who has […]

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Japan bans use of floppy disks in govt operations

Alex Omenye Japan’s Digital Agency announced on Wednesday the complete elimination of floppy disks from its government computer systems, marking the end of an era of outdated technology usage within the country. According to Reuters, Japan’s Digital Agency confirmed that the only remaining system reliant on floppy disks is an environmental monitoring system used for […]

News

Agbara Industrial Hub now on national grid to boost manufacturing — FG

The Federal Government has announced that the Agbara Industrial Hub has been connected to the national grid, representing a substantial advance in the country’s electricity infrastructure for manufacturers and company owners. This disclosure was made by the Minister of Industry, Trade and Investment, Doris Uzoka-Anite, during the 2024 Manufacturing Association of Nigeria (MAN) summit on […]

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