CBN fines banks ₦150m for selling mint Naira notes
The Central Bank of Nigeria has imposed a hefty ₦150 million fine on deposit money banks and financial institutions found selling newly…
News
US lawmakers urge TikTok ban from Google, Apple app stores
United States lawmakers are increasing pressure on TikTok, urging Alphabet and Apple to prepare to remove the app from their stores by…
Reps order NUPRC to disclose oil production, crude sales details
The House of Representatives has directed the Nigeria Upstream Petroleum Regulatory Commission to disclose details of oil production, crude sales, and other…
Qatar Airways considers removing Boeing 737s from Its fleet plans
Qatar Airways is considering removing the Boeing 737-10 model from its order book, as it no longer meets its fleet needs. The…
Meta unveils AI model to improve Metaverse experience
Meta unveiled its new AI model, Meta Motivo, which aims to control the movements of human-like digital agents, potentially enhancing the Metaverse…
NITDA unveils whitepaper on online harms protection bill for Nigerians
NITDA, in collaboration with Advocacy for Policy and Innovation, has released a Whitepaper outlining a Framework for an Online Harms Protection Bill…
ECOWAS finalizes $75m renewable energy facility, targets $19b rice investment
The Economic Community of West African States has finalized a $75 million framework for its Renewable Energy and Energy Efficiency Facility, aiming…
UK economy shrinks in October, GDP falls 0.1%
The United Kingdom economy unexpectedly contracted in October, with Gross Domestic Product falling by 0.1%, according to the Office for National Statistics…
Pension fund assets reach N21.92tn in October
The National Pension Commission has reported that total pension fund assets under the Contributory Pension Scheme reached N21.92tn as of October 2024,…
Landing cost of imported petrol falls to N900/litre
The cost of landing Premium Motor Spirit, or petrol, in Nigeria has decreased by N36, dropping to N900.28 per litre on Thursday,…
FG threatens demolition of illegal structures on Lagos shoreline
The Federal Government has issued a warning to developers along the Lagos shoreline to regularize their projects or risk revocation and potential…
Australia fines crypto operator Kraken $5.1m for unlawful credit facility
Australia’s Federal Court has ordered Bit Trade, the local operator of cryptocurrency exchange Kraken, to pay an A$8 million ($5.1 million) fine…