Category: News

Insecurity forces closure of five microfinance banks in southeast

A minimum of five microfinance banks in Nigeria’s southeast were shut down in September 2023...

Musk’s X seeks Brazilian comeback amid misinformation feud

In a significant reversal, Elon Musk’s X has informed Brazil’s Supreme Court that it has...

Banks close 23.3 million customer accounts in July

Commercial and merchant banks in Nigeria closed 23.3 million customer accounts in July, according to...

Manufacturers struggle as raw material imports surge 160.9% in Q2

The value of raw materials imported into Nigeria surged by 160.9% year-on-year in the second...

FG secures $600,000 relief fund from Gates foundation

The Nigerian government has secured a $600,000 relief fund along with commitments from the Bill...

ECOWAS launches $380m electrification initiative for Nigerian schools, others

The Economic Community of West African States Commission has unveiled a significant initiative to invest...

FG disburses N24.78bn to 991,261 households via cash transfer program

The Federal Government has allocated N24.78 billion through the National Cash Transfer program to assist...

Mark Zuckerberg mocked for phrase on shirt at Meta Connect event

Mark Zuckerberg faced playful ridicule for his outfit choice at the Meta Connect 2024 event,...

Dangote refinery: Reps move to break NNPCL’s fuel lifting monopoly

The House of Representatives has referred a motion advocating for other petroleum marketers to directly...

NMRC secures $228m for affordable mortgage financing

The Nigeria Mortgage Refinance Company Plc has secured $228 million in affordable mortgage financing aimed...

How Nigeria can stop importing food – Wale Edun

Nigeria is poised to significantly reduce its reliance on food imports, as announced by Minister...

OpenAI moves to remove non-profit control, give Sam Altman equity  

A governance changes are taking place behind the scenes at OpenAI, one of the most...

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