CBN clears all ‘valid’ FX backlog
The Central Bank of Nigeria has officially confirmed the settlement of all valid foreign exchange backlogs totaling $7 billion, fulfilling a significant…
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Access Bank to acquire National Bank of Kenya
Access Bank has moved to acquire the National Bank of Kenya from the KCB Group. This marks its second acquisition of a…
United Capital urges inter-sectoral collaboration for financial inclusion
United Capital Asset Management Ltd, a subsidiary of United Capital Plc, has urged for inter-sectoral collaboration to enhance financial inclusion in the…
EU antitrust boss warns Apple, Meta over new fees
EU antitrust chief Margrethe Vestager cautioned Apple and Meta on Tuesday regarding their new service fees, suggesting that such fees could impede…
Biden moves to blacklist Huawei chips in US
President Biden’s administration is contemplating the blacklisting of several Chinese semiconductor companies associated with Huawei Technologies Bloomberg News reported on Wednesday. Among…
Apple CEO Tim Cook visits China amid iPhone sales decline
Apple CEO Tim Cook praised China’s significance in the company’s supply chain during his meeting with suppliers, including BYD Electronics, as reported…
French watchdog fines Google £250m over copyrights infringement
France’s competition watchdog announced on Wednesday that it had imposed a fine of 250 million euros ($271.73 million) on Alphabet’s Google for…
China launches satellite for vital moon mission communication
China on Wednesday initiated the launch of a satellite aimed at serving as a crucial communications link between ground operations on Earth…
Senate increases FCT’s budget to N1.282trn
The Senate has given its approval for the 2024 Statutory Budget of the Federal Capital Territory (FCT), totaling N1.282 trillion, marking an…
Senate confirms Alade as managing director AMCON
The Senate on Tuesday confirmed Gbenga Alade as the Managing Director of the Assets Management Company of Nigeria. This was revealed in…
Senate discovers new infractions on N30tn loans, summons CBN gov
The Senate Ad-hoc Committee probing how the N30tn Ways and Means loans were obtained from the Central Bank of Nigeria, and spent…
Lagos partners stakeholders on zero carbon emissions
The Lagos State Government has concluded plans to partner with stakeholders to achieve Zero-Carbon Lagos by 2055. This was revealed during the…