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Cashew industry generates over $400m from export –

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Nestlé ‘recovers all plastic’ placed on Nigerian market

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Tinubu approves commercial oil exploration at Tongeji Island,

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Binance working with Nigeria govt to resolve exec's detention, CEO says
Crypto

Binance opens crypto trading in Thailand

Alex Omenye Binance said on Tuesday that it has made its bitcoin exchange available for trade in Thailand. According to a release, Gulf Binance is a joint venture between Binance and Gulf Innova of Thailand. It will function as an exchange and brokerage platform that lets customers buy and sell digital assets using local currency […]

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Shell to sell Nigerian onshore oil assets for $1.3bn

Shell Plc has agreed to sell its Nigerian onshore oil assets to a local partnership for more than $1.3 billion, subject to government permission. According to Bloomberg, Shell’s Integrated Gas and Upstream Director, Zoe Yujnovich, confirmed the deal in a statement on Tuesday, emphasizing the company’s focus on streamlining its portfolio and directing disciplined investments […]

Apple to halt blood oxygen feature on smartwatches
Business

Apple to halt blood oxygen feature on smartwatches

Apple has decided to remove the blood oxygen feature from smartwatches in order to avoid an import prohibition. This is coming after some of Apple’s smartwatches were been the subject of a patent dispute with medtech company Masimo. According to Bloomberg, the change will most likely take place only if Apple loses its appeal of […]

UK expands work visa sponsors for Nigerians
News

UK expands work visa sponsors for Nigerians

The UK updated the list of organizations eligible to sponsor work visas for Nigerians in 2024 on January 12, 2024. These businesses are authorized to sponsor skilled worker relocations using the temporary worker immigration process. The amended list now includes 99,856 companies, an increase of 31,226 from the 68,630 certified in January 2023. Among the […]

Microsoft announced Monday that it will eliminate developer onboarding fees for the Microsoft Store on Windows
News Tech

Microsoft partners Vodafone to provide cloud services

In order to provide generative AI, digital, enterprise, and cloud services to over 300 million organizations and consumers throughout its European and African regions, Vodafone and Microsoft have reached a 10-year cooperation agreement. The British corporation said that it will replace physical data centres with more affordable and scalable Azure cloud services, as well as […]

GitHub Copilot hits 20m users as enterprise AI coding heats up
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Microsoft launches paid Copilot subscription plan

Microsoft on Tuesday said its lowering the eligibility restrictions for enterprise-level Copilot solutions and introducing a subscription plan targeted at consumers. For $20 per user per month, consumers may access Copilot GenAI capabilities in Word, Excel, PowerPoint, Outlook, and OneNote on PC, Mac, and iPad with the new consumer plan Copilot Pro. Copilot composes, revises, […]

Why naira-dollar can't be stable - Minister
Business

Nigeria needs $80bn investments for Agenda 2050 – Minister

The Minister of Budget and Economic Planning, Sen. Atiku Bagudu, stated that Nigeria needs at least $100 billion in investments to accomplish the Nigeria Agenda 2050, with the private sector likely to contribute more than 80%. According to Arise TV,  the minister made this revelation while discussing the 2024 budget. He emphasized the importance of private capital in propelling […]

LivingTrust Mortgage Bank repays DBN N950m loan
Business

LivingTrust Mortgage Bank repays DBN N950m loan

LivingTrust Mortgage Bank Plc has repaid a N950 million MSMEs grant to the Development Bank of Nigeria two months earlier than the planned date. The PUNCH reported that DBN disbursed the N950 million MSMEs fund to the bank on March 1, 2021, for a 36-month term, with the facility set to expire on March 1, […]

Transcorp Hotels becomes first Nigerian firm to pass N1tn market cap
Business

Transcorp Hotels becomes first Nigerian firm to pass N1tn market cap

A hospitality subsidiary of Transnational Corporation Plc, Transcorp Hotels Plc, is Nigeria’s first hospitality organization to cross the N1 trillion market capitalization threshold, admitting it to the SWOOTs (Stocks Worth Over One Trillion) club. Transcorp Hotels Plc (TRANSCOHOT) gained 7.24% at the NGX on Wednesday, January 10, 2023, to close at a share price of N100, bringing […]

Russia set to launch to Wikipedia rival Ruwiki
News Tech

Russia set to launch to Wikipedia rival Ruwiki

The Russian version of the well-known Wikipedia online encyclopedia, Ruwiki, is scheduled to be live on Monday, according to Russian media. According to the daily Kommersant, beta testing, or testing the website with a smaller audience, began in the middle of 2023, and there are supposedly more entries on Ruwiki than in the Russian-language section […]

Fuel, electricity tariff cap costly, IMF warns Nigeria
News

IMF’s warns of spending ‘pressure’ ahead 2024 elections

The International Monetary Fund Managing Director, Kristalina Georgieva has stated that 2024 is likely to come with a lot of spending as a result of the elections planned for the year. According to Arise News, she added that 2024 will be a very tough year for fiscal policies worldwide as countries look to tackle debt […]

NITDA issues cybersecurity alert over malicious activities on Spotify
News Tech

NITDA to unbundle computer science programs at polytechnics

The National Information Technology Development Agency, Nigeria is now prepared to close the skills gap in information technology by having the National Board for Technical Education unbundle computer science programs at polytechnics. This was said by the Agency in a statement made public on Sunday by Mrs Hadiza Umar, Head of Corporate Affairs and External […]

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