NGX index exceeds 100,000 points
The benchmark index of the Nigerian Exchange Limited broke beyond the 100,000 basis point barrier on Wednesday, creating a new record high.…
Nigeria
Google unveils AI-powered educational tools
Google has launched a suite of new tools for classroom management, enhanced accessibility, and AI-powered capabilities for generating questions and crafting lesson…
Opay to remove fraudulent accounts from system
Leading fintech company in Nigeria, OPay, has announced that it will be purging fraudulent accounts from its system starting March 1, 2024.…
Inflation’ll drop to 21.4% in 2024 – CBN gov
The Governor of the Central Bank of Nigeria anticipates that headline inflation will decrease to 21.4 percent in 2024. This projection was…
eBay plans to lay off 1,000 workers
Alex Omenye E-commerce giant eBay said on Wednesday that it intends to lay off 1,000 workers, or around 9% of its staff…
US mission in Nigeria launches tech centre in Lagos
Alex Omenye The United States Mission in Nigeria has launched an advanced American Space in Lagos, named the American Corner Lekki. The…
IMF expresses concerns over Kenya’s fuel subsidy reintroduction
The International Monetary Fund has raised concern over Kenya’s plan to reintroduce fuel subsidies. Business Insider reported that the global lender expressed reservations…
World Bank approves $300m support package for Ghana’s economic recovery
The World Bank has approved $300 million in funds to help Ghana’s economic recovery, according to a statement issued on Tuesday. According…
Nigerian edtech startup AltSchool launches in Kenya
Nigerian edtech startup, AltSchool Africa has opened up in Kenya, its second biggest market by revenue, the company’s co-founder, Adewale Yusuf disclosed.…
FG plans to sell five power plants for $1bn
The Federal Government, through the Bureau of Public Enterprises, is now conducting transactions to sell five power plants under the National Integrated…
Chery Automobile sales increase by 52.6%
Chery Automobile says it sold 1,881,316 automobiles in 2023, a 52.6 per cent increase over the previous year. The PUNCH reported that…
Nigerian market not ready for electric vehicles – Stakeholders
Industry experts have warned against early adoption of electric vehicles in Nigeria. According to The PUNCH, they cited inadequate power supply, a scarcity…