Nigeria ranked 9th investment destination in Africa – Report
Nigeria ranked number nine among top African investment destinations, with Seychelles and Mauritius topping the list. The report assessed 31 countries on…
News
Customs to implement duty waiver on food imports soon — Comptroller-general
The Comptroller General of the Nigeria Customs Service, Bashir Adeniyi, has stated that NCS will within a week start implementing the duty…
Meta launches $2m grant for AI-driven startups in Africa, others
Meta has announced the introduction of the Llama 3.1 Impact Grants, with a funding pool of up to $2 million, which will…
Kuda doubles revenue to $22mn in 2022, losses continue to mount
Nigeria-focused neobank backed by Target Global, Kuda bank saw its revenue double in 2022, according to the latest audited financial statements filed…
TCN debunks national grid collapse claims
The Transmission Company of Nigeria denied the claims of a national grid collapse on Monday, clarifying that the incident only involved a…
FG, US agency partner to boost local drug production capacity
Nigeria is expected to dramatically increase its domestic drug production as part of a new collaboration between the US Pharmacopeial Convention (USP)…
Singapore launch no passport immigration processing at Airports
Some passengers arriving at Changi Airport, Singapore won’t have to present their passports to pass immigration as from Monday. The Immigration &…
ICYMI: Spanish firm wins tenders for Nigeria’s new crude oil
Spanish oil firm, Repsol has won the tender for the first shipment of 950,000 barrels of Nigeria’s new low-sulfur crude oil blend,…
Bank recapitalisation vital to $1tn economy – SEC
The Director General of the Securities and Exchange Commission, Emomotimi Agama, has stated that Nigeria’s potential to become a $1 trillion economy…
OpenAI co-founder John Shulman leaves for Anthropic
A co-founder of artificial intelligence firm OpenAI, John Schulman, has announced his departure to join rival company Anthropic, according to a social…
Chinese tech giants stockpiles semiconductors ahead of US ban
Chinese technology giants, including Huawei and Baidu, along with several startups, are stockpiling high bandwidth memory semiconductors from Samsung Electronics in anticipation…
Reps dissolve adulterated petrol imports probe panel
The House of Representatives has dissolved the ad-hoc Joint Committee on Downstream and Midstream that was investigating the activities of the Nigeria…