GTBank nears upgrade to new banking platform
Guaranty Trust Bank is finalizing its transition to a new core banking platform, Finacle, developed by Infosys. This move marks a significant…
News
Naira jumps 4.8% against dollar, highest gain since July
The Naira saw its largest gain in nearly two months following the federal government’s debut domestic dollar-bond issue, which drew substantial interest.…
Marketers, refiners urge complete removal of subsidies
In a significant industry development, Nigeria’s petroleum marketers, refiners, and depot owners have called for the full deregulation of the country’s downstream…
Reps to unveil joint NASS committee on petroleum probe
The House of Representatives will inaugurate the Joint Senate/House Ad Hoc Committees on the Petroleum Industry Investigation on September 25, 2024. This…
NESG reveals how govs spent $50bn in excess crude funds
The Nigerian Economic Summit Group has revealed details about the expenditure of the country’s $50 billion Excess Crude Account in 2010, funds…
Customs blame foreign exchange for surge in fuel smuggling
The Nigeria Customs Service’s Operation Whirlwind Taskforce has attributed the increasing rate of fuel smuggling in the country to fluctuations in foreign…
Ogun, NEPC partner to boost cashew industry
The Ogun State Government has maintained its commitment to partnering with the Nigerian Export Promotion Council and other stakeholders to enhance the…
Samsung plans 30% cut in global staff across divisions
Samsung Electronics, a global leader in smartphones, TVs, and memory chips, is set to reduce its overseas workforce by up to 30%…
US election: Crypto market tumbles as Trump’s odds of winning decrease
Cryptocurrency stocks in the U.S. saw declines in early trading on Wednesday following a contentious presidential debate where Democratic contender Kamala Harris…
Nigeria posts trade surplus of N6.95tn in Q2 2024
Nigeria achieved a trade surplus of N6.95 trillion in the second quarter of 2024, reflecting robust export performance despite a slight decline…
Innoson unveils first locally-made electric vehicle
Innoson Vehicle Manufacturing Company has proudly announced the launch of its first locally produced electric vehicle. Cornel Osigwe, Head of Communications and…
Tech community blasts minister over ‘mediocre’ N100m Google AI fund
The announcement of a N100 million AI Fund by the Minister of Communications, Innovation, and Digital Economy, Bosun Tijani has drawn sharp…