W’Bank reform $350m loan to complete power plants in Nigeria
The World Bank has restructured a $350 million loan to Nigeria to support Nigeria’s energy infrastructure and guarantee the completion of seven…
News
Jumia appoints Anthony Mbagwu as JumiaPay MD
E-commerce giant Jumia has announced the appointment of Anthony Mbagwu as the new Managing Director of its Nigerian fintech arm, JumiaPay. Mbagwu,…
Match Group cuts 6% workforce, discontinues livestreaming on dating apps
Match Group announced on Tuesday that it is discontinuing its livestreaming services across its dating apps, resulting in a 6% reduction in…
Evernote marker Bending Spoons acquires WeTransfer
Italy-based Bending Spoons, known for its portfolio of apps including Evernote and Meetup, announced on Wednesday that it had acquired file transfer…
Uber, BYD partner to deploy 100,000 EVs into ride-hailing platform
Ride-hailing giant, Uber, has signed a multi-year deal with Chinese electric vehicle maker, BYD, to integrate 100,000 new EVs into Uber’s network.…
Africa-Asia air cargo routes surge 37.5% in June
The air cargo route between Africa and Asia has seen exceptional yearly growth, with an astounding 37.5% increase in June 2024. This…
Japa: US Embassy in Nigeria moves to new visa service provider
The United States Embassy in Nigeria has announced that its operation in its Abuja and Lagos consulates will be handled by a new…
Samsung reports profit amid AI-driven chip demand
Samsung Electronics has announced a substantial surge in its second-quarter operating profit, driven by a dramatic increase in demand for AI-related chips.…
OpenAI launches advanced voice mode for ChatGPT Plus users
OpenAI has begun rolling out its advanced voice mode to a select group of ChatGPT Plus users, as announced on the company’s…
LG association accuses finance commissioners of obstructing FAAC funds
The Incorporated Trustees of the Association of Local Governments of Nigeria have leveled serious accusations against State Commissioners for Finance, alleging a…
Aviation industry requires credible data to overcome challenges — AGHAN
The Chairman of the Aviation Ground Handling Association of Nigeria, Olaniyi Adigun, has stated that reliable data tracking activity and achievement is…
Passengers stranded as NAMA grounds Arik Air
A large number of Arik Air passengers were left stuck at the Murtala Muhammed Airport, Lagos, and the Nnamdi Azikiwe Airport in…