US, UK probe Russian crypto exchange over $20bn USDT transfers
The US and the UK are investigating Garantex, a Russian cryptocurrency exchange, following its facilitation of $20 billion worth of tether transfers.…
News
UAC posts N12.3bn pre-tax profit in 2023, highest since 2014
UAC Nigeria Plc has achieved a remarkable turnaround in its financial performance for the fiscal year 2023, posting a pre-tax profit of…
African countries to dominate global economy in 2024, 2025- Report
The Economic Commission for Africa predicts that African countries will dominate the world’s top 10 fastest-growing economies in 2024 and 2025. In…
Elon Musk updates AI chatbot Xai
Elon Musk’s AI chatbot, X.ai, has unveiled its latest generative AI model, Grok-1.5, set to enhance the capabilities of social network X’s…
Google implements new authentications for bulk emails
Effective April 1, Google will enforce new authentication requirements for bulk email senders, rejecting emails that do not meet these criteria. This…
Africa Prudential shareholders approve N900m dividend
Shareholders of Africa Prudential Plc have endorsed the recommendation of the Board of Directors for a full-year dividend of N900 million, which…
NCR Nigeria appoints Jimmy James, Ashleigh Witthoft non-executive directors
The Board of Directors of NCR Plc has announced the appointment of Mr. Jimmy James and Ms. Karen Ashleigh Witthoft as Non-Executive…
NIMC restricts access to NIN database over data breach
The National Identity Management Commission has taken steps to limit its licensed agents’ access to the National Identification Number database in response…
Uber not sharing ‘personal info of users’ with Lagos govt
Uber has affirmed its stance against sharing riders’ personal data with the Lagos State Government, amid recent tensions over data sharing protocols.…
Afreximbank predicts decline in Nigerian banks’ earnings
Analysts forecast that major banks in Nigeria would likely see a decline in earnings this year, which is attributed to challenges posed…
Oil import row with Kenya resolved, says Uganda
Uganda’s Energy Ministry said on Thursday that Kenya would finally allow landlocked Uganda’s state oil company to ship petroleum products through the…
FG orders banks to deduct stamp duty charges on loans
The Federal Government has directed commercial banks in the country to henceforth deduct and remit 0.375% of all loans disbursed by them.…