Abuja DisCo, Transafam Power sign MoU for 50MW power project
The Abuja Electricity Distribution Company has entered into a significant agreement with Transafam Power Ltd. to provide 50 megawatts of embedded power…
News
“Inside Out 2” breaks animated film records with $1.46bn
Disney and Pixar’s “Inside Out 2” has shattered records in animated cinema, surpassing $1.46 billion in global box office sales since its…
Food prices surge by over 200% in June – NBS
Prices for staple foods like tomatoes, beans, and garri increased dramatically in June 2024 when comparedl to the same period in 2023.…
Windfall tax harmful to Nigerian banks, say Moody’s, CIBN
International rating company, Moodys and the Chartered Institute of Bankers of Nigeria have drawn attention to the detrimental effects that the recently…
Nigeria’s imports reliance frustrating power sector development – Adelabu
The Minister of Power, Adebayo Adelabu, has stated that the nation’s reliance on imports for the equipment required for the overhaul of…
FG warns IOCs against disregarding gas flare directives
The Federal Government, on Wednesday, warned International Oil Companies operating in Nigeria to refrain from disregarding directives of various regulatory agencies on…
Google introduces updates to play store
Google has unveiled a series of enhancements to its Play Store, aiming to transform the digital marketplace into a more engaging and…
Dangote explores investments in Gabon amid row with Nigerian authorities
The Chairman of the Dangote group, Aliko Dangote has traveled to Gabon to investigate business potential in the country’s cement and fertilizer…
CAC to delete inactive companies in 90 days
The Corporate Affairs Commission has issued a notice to more than 91,000 dormant companies, giving them a 90-day grace period to submit…
FX spending on foreign education drops to $38.17m in 2024
Nigerians between January and March 2024 spent $38.17 million on overseas schooling. This was revealed in the quarterly statistical bulletin of the…
Meta deactivates 63,000 Nigerian Facebook accounts over ‘sextortion’ scams
The social media giant, Meta has said 63,000 Nigerian Facebook accounts have been deleted for allegedly trying to carry out financial extortion…
Nigerian fintech Risevest moves to acquire Kenyan Hisa
Nigerian fintech startup enabling access to global investments and Nigerian stocks, Risevest is currently in negotiations to acquire Hisa, a Kenyan startup…