Category: News

Nigeria, others spent $1.4trn on debt servicing in 2023 – World Bank

The World Bank’s latest International Debt Report has revealed that developing nations spent $1.4 trillion...

Mitsubishi suffers $90m loss in suspected copper fraud

Mitsubishi Corp. has reported a loss exceeding $90 million in China due to suspected fraud...

Bank customers pay N133.89bn in electronic money transfer levy

Nigerian bank customers paid a total of N133.89 billion in electronic money transfer levies to...

Lagos, EU-Africa sign EoI to enhance technology transfer, advance SDGs

The Lagos State Government has signed an Expression of Interest with the EU-Africa Chamber of...

Reps order NIMASA, NIWA to strengthen waterway safety regulations

The House of Representatives has directed the Nigerian Maritime Administration and Safety Agency and the...

FAAN orders removal of manual search tables at Lagos airport

The Federal Airports Authority of Nigeria has reiterated its directive to dismantle manual search tables...

Nigerdock to develop Snake Island port under 45-year agreement

Nigerdock has signed a 45-year agreement with the Nigerian Ports Authority for the development of...

Nigerian flight passengers lost 19,274 luggage in six months – FG

The Federal Government revealed that around 2,000 air passengers lost 19,274 pieces of luggage between...

Banks raise withdrawal limit to ₦50,000

Deposit Money Banks in the Federal Capital Territory have raised the daily maximum over-the-counter withdrawal...

Amazon unveils new AI model ‘Nova’

Amazon Web Services has introduced a new family of multimodal generative AI models, called Nova...

Intel’s ex-CEO Pat Gelsinger to receive $10M severance package

Pat Gelsinger, who recently stepped down as CEO of Intel, is set to walk away...

Aero Contractors slashes fares to N80,000 for Christmas

Aero Contractors has announced a minimum ticket price of N80,000 for domestic flights during the...