Category: News

ICT contribution to Nigeria’s GDP drops to 16.35% – NBS

The Information and Communications Technology sector contributed 16.35% to Nigeria’s real GDP in Q3 2024,...

P’Harcourt refinery starts production with truck loading underway

The state-owned Port Harcourt Refinery has commenced production of petroleum products. This was disclosed by...

Nigeria’s oil production passes OPEC quota – NNPC

The Nigerian National Petroleum Company Limited and the Nigerian Upstream Petroleum Regulatory Authority have confirmed...

FG to implement international cargo tracking to boost revenue

The Federal Government, through the Nigerian Shippers Council, has announced plans to implement the International...

CBN grants six-month extension for BDCs recapitalisation

The Central Bank of Nigeria has extended the deadline for Bureaux De Change operators to...

Zoom raises profit forecast amid strong hybrid work demand

Zoom Video Communications raised its fiscal 2025 revenue and adjusted profit forecast on Monday, citing...

Nigerian banks, others raise N2.7tn from capital market, reports SEC

The Securities and Exchange Commission announced on Monday that Nigerian banks and other companies have...

CBN extends BDC operators recapitalisation deadline by six months

The Association of Bureaux De Change Operators of Nigeria has announced that the Central Bank...

PalmPay names ex-Opay exec Femi Hanson as Marketing head

Pan-African fintech firm PalmPay has appointed Femi Hanson as the new head of marketing and...

Microsoft Outlook, Teams suffer widespread outage

Microsoft has confirmed that a fix has been deployed to restore email and calendar services...

Coffee prices soar to highest levels since 1997

Coffee futures in New York have surged to their highest levels since 1997, driven by...

NEC urges states to utilize NASENI innovation for industrialization

The National Economic Council has urged state governments to adopt and support technological innovations developed...