NUPRC to review domestic crude supply regulations
The Nigerian Upstream Petroleum Regulatory Commission is ready to review the Domestic Crude Supply Obligations Regulations 2023. This was disclosed in a…
News
Techstars layoff staff, closes AdvancingCities program
Techstars will lay off 17% of its workforce and shut down its $80 million AdvancingCities program by the end of the year.…
UK regulator probe Amazon’s $4bn investment in AI Startup Anthropic
The UK’s Competition and Markets Authority has initiated a formal antitrust investigation into Amazon’s recent $4 billion investment in the AI startup…
Nigeria net FX flow surges to $25.4bn in six months
The Central Bank of Nigeria has stated that net foreign exchange flows increased to $25.4 billion between January and June, showing a…
FG withdraws N40,000 subsidized 50kg rice initiative
The federal government has put an end to its proposal to sell subsidized 50-kilogram (kg) bags of rice to public servants priced…
FG-sponsored payment programs crucial to 95% financial inclusion – Expert
The Group CEO of Network International, Nandan Mer, has stated that the current initiative to achieve 95% financial inclusion can be expedited…
Airtel to buy 406,000 more shares from Citigroup Global Markets
Airtel Africa stated on August 7, 2024, that it will be acquiring further shares from Citigroup Global Markets as part of its…
NIS suspend officer begging money at Lagos airport
The Nigeria Immigration Service has placed an officer who was filmed begging a traveler for financial assistance at Murtala Muhammed International Airport,…
Apapa Customs revenue hits N1.2tn in seven months – Area Comptroller
The Nigeria Customs Service, Apapa Area Command has announced it generated a total of N1.23tn as revenue between January and July 2024.…
MTN, IHS Nigeria renew tower agreements to 2032
IHS Nigeria, a subsidiary of IHS Holding Limited, and MTN Nigeria have stated the renewal and extension of their Nigerian tower Master…
FG launches $500m dollar-denominated bonds
The Federal Government of Nigeria has launched its Series I Domestic USD Bond with the intention of raising at least $500 million…
Zeta Power partners Italian firm to import CNG conversion kits
Zeta Power announced it has partnered with an Italian company, Tartarini Auto Industries to import compressed natural gas conversion kits. The company…