Category: News

Expand beyond banking to attain $1tn economy, Afrinvest tells FG

The Federal Government has been informed that the nation must expand outside the banking industry...

Otedola backs FG’s 70% windfall tax on banks’ FX earnings

Billionaire businessman, Femi Otedola, is in favour of the federal government’s 70% windfall tax on...

Monthly electricity subsidy surge 151% to N211bn – Report 

The electricity subsidy obligation of the Federal Government rose from N252.76bn to N633.30bn in the...

Manufacturers advocate integration of blockchain to transform African trade

Manufacturers and stakeholders across Africa are pushing for the adoption of blockchain technology to transform...

Senate passes bill to raise CBN loans to FG

The national assembly on Wednesday passed a bill to raise the percentage of Ways and...

W’Bank reform $350m loan to complete power plants in Nigeria 

The World Bank has restructured a $350 million loan to Nigeria to support Nigeria’s energy...

Jumia appoints Anthony Mbagwu as JumiaPay MD

E-commerce giant Jumia has announced the appointment of Anthony Mbagwu as the new Managing Director...

Match Group cuts 6% workforce, discontinues livestreaming on dating apps

Match Group announced on Tuesday that it is discontinuing its livestreaming services across its dating...

Evernote marker Bending Spoons acquires WeTransfer

Italy-based Bending Spoons, known for its portfolio of apps including Evernote and Meetup, announced on...

Uber, BYD partner to deploy 100,000 EVs into ride-hailing platform

Ride-hailing giant, Uber, has signed a multi-year deal with Chinese electric vehicle maker, BYD, to...

Africa-Asia air cargo routes surge 37.5% in June 

The air cargo route between Africa and Asia has seen exceptional yearly growth, with an...

Japa: US Embassy in Nigeria moves to new visa service provider

The United States Embassy in Nigeria has announced that its operation in its Abuja and Lagos...

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