CBN clears all ‘valid’ FX backlog
The Central Bank of Nigeria has officially confirmed the settlement of all valid foreign exchange backlogs totaling $7 billion, fulfilling a significant…
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Access Bank to acquire National Bank of Kenya
Access Bank has moved to acquire the National Bank of Kenya from the KCB Group. This marks its second acquisition of a…
FG to decide on $25bn Nigeria-Morocco pipeline in Dec — Kyari
The GMD of the Nigerian National Petroleum Company Limited said that a final investment decision on the $25 billion Moroccan Gas Pipeline…
Sex traffickers make $27,252 per victim as illegal profits hit $235bn yearly
The International Labour Organization has disclosed that sex traffickers make $27,252 per victim as forced labour in the private economy generates $236…
Marketers consider fuel price reduction as PH refinery begins operations
Melvin Onwubuke The Independent Petroleum Marketers Association of Nigeria and the Major Energy Marketers Association of Nigeria have projected a marginal reduction…
Apple partners Google, OpenAI to power iPhone AI features
Apple is engaged in discussions to integrate Google’s Gemini artificial intelligence engine into the iPhone,Bloomberg reported. Additionally, Apple has recently explored potential…
Undersea cable cut repairs might take weeks — MainOne
Submarine cable company, MainOne, has declared it may take weeks to fix the undersea cable cut, that has continued to disrupt internet…
Damaged cables affecting internet, bank apps under repairs – NCC
The Nigerian Communications Commission (NCC) has said that the operators of damaged international undersea cables that have caused Internet service disruption in…
Nigerian, S’African banks forced offline over major fibre cuts
A major data provider for most Nigerian banks, MainOne on Thursday suffered a major fibre cut in Ghana that caused an outage…
Nigeria’s crude oil output drops 7% in February – OPEC
Nigeria’s crude oil production, excluding condensate decreased month-on-month by 7 per cent to 1.3 million barrel per day in February 2024, from…
UBA, African Guarantee Fund partner on $100m SME loan
Melvin Onwubuke The African Guarantee Fund and United Bank for Africa have signed a partnership that will benefit Small and Medium…
How Nigerian innovator revolutionizes power with wind turbine generator
A Nigerian Jamilu Muhammed in a bid to solve the epileptic power supply that has bedeviled Nigeria has invented a Wind Turbine…