Category: News

CBN predicts slight decline in external reserve

The Central Bank of Nigeria has predicted that in 2024, the country’s foreign reserves may...

Nigeria produced 236m barrels of crude in H1 – NUPRC

Nigeria produced a total of 236,229,281 barrels of crude oil in the first half of...

FG to integrate 30m unbanked Nigerians into financial system – Shettima

The Nigerian Vice President, Kashim Shettima, has said that the federal government is committed to...

Meta to acquire stake in Ray-Ban smart glass partner

Meta is reportedly in negotiations to acquire a stake of approximately 5% in EssilorLuxottica, its...

OpenAI launches cost effective GPT-4o mini

OpenAI, the creator of ChatGPT, announced on Thursday the launch of GPT-4o mini, a smaller...

CBN approves $20,000 to each BDC at N1,450/$1 

The Central Bank of Nigeria has declared that it has approved the sales of foreign...

Customs duties exchange rates passes official market rate

The Nigeria Customs Service has raised the exchange rate for collecting customs by N3, surpassing...

BLord Group denies arrest of CEO by police

BLord Group has refuted reports of its CEO, Linus Williams Ifejika’s arrest by Nigerian police...

Nokia reports 32% drop in profits

Nokia has reported a 32% decline in second-quarter operating profit, attributing it to sluggish demand...

CBN persists higher interest rates if inflation persist – Cardoso

The Governor of the Central Bank of Nigeria Yemi Cardoso, has stated that sustained inflation...

Piggyvest, Flutterwave, others make CNBC top 250 fintech companies

Nigerian startups have made a mark on the global fintech landscape, with seven companies—Flutterwave, Piggyvest,...

Solid minerals stakeholders demands 10% benefit for host communities

Solid minerals industry stakeholders have demanded that 10% of benefits be paid to host communities...