NLC directs workers to boycott telecom services over tariff hike
The Nigeria Labour Congress has called for a boycott of mobile telecom services beginning Thursday, February 13, 2025, in protest against the…
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EU, Germany launch initiative to boost renewable energy funding in Nigeria
The European Union and Germany have launched GET.invest Nigeria to boost renewable energy investments and expand electricity access, especiallyv in rural areas.…
Temu, Shein US sales fall as Trump targets China
Online shopping giants Temu and Shein saw a sales decline after U.S. President Trump removed a duty exemption for their small parcels,…
China’s Baidu to launch next-gen AI model amid DeepSeek competition
China tech giant, Baidu plans to launch Ernie 5.0 in the second half of 2025, featuring enhanced multimodal capabilities. The AI model…
Bank customers react as CBN scraps free ATM wthdrawals
The Central Bank of Nigeria’s decision to scrap the three free withdrawals previously allowed on other banks’ ATMs, has sparked criticism from…
Motor insurance vital safety net for road users – AIICO
AIICO Insurance has stated that third-party motor insurance is not just a legal requirement but also a vital protection for all road…
Nigeria tops Afreximbank beneficiaries with $52bn disbursement
Nigeria has received about $52 billion in total disbursements from Afreximbank, making it the bank’s top beneficiary in Africa. Afreximbank President and…
Africa Energy Bank set to begin operations in March
The Africa Energy Bank is set to commence operations in March 2025, as confirmed by Nigeria’s Minister of State for Petroleum Resources…
Customs halts 4% FOB charge implementation
The Nigeria Customs Service has suspended the implementation of the 4% Free-on-Board value charge on imports, as outlined in Section 18(1)(a) of…
Dangote Refinery cuts diesel price to ₦1,020 for marketers
Dangote Petroleum Refinery & Petrochemicals has reduced the gantry price of its diesel product by ₦55, bringing it down from ₦1,075 to…
FG allocates ₦100bn for solar mini-grids in public institutions
The Federal Government plans to install solar mini-grids in public institutions nationwide, allocating ₦100 billion under the 2025 budget. The initiative, part…
Raenest secures $11m in Series A funding to expand cross-border payment
Nigeria-based fintech focused on cross-border remittances and multi-currency accounts for businesses and freelancers, Raenest, has secured $11 million in a Series A…