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NNPCL targets four FIDs by 2025, posts N5.89tn

  • 12th June 2025

FCCPC unveils taskforce to combat counterfeit products nationwide 

  • 12th June 2025

Mauritius firm to acquire 26% stake in Nigerian

  • 9th June 2025
Nvidia unveils new AI, gaming chips, desktop computer at CES 2025

UK regulator partner Nvidia to allow banks experiment

  • 9th June 2025

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Trump mulls visa ban on Nigeria, 35 other countries

Trump mulls visa ban on Nigeria, 35 other countries

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White House orders review of SpaceX contracts amid Trump–Musk feud

White House orders review of SpaceX contracts amid Trump–Musk

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Donald Trump earns $600m from crypto, others in 2024

Donald Trump earns $600m from crypto, others in 2024

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OpenAI to maintain ties with Scale AI despite Meta’s acquisition

OpenAI to maintain ties with Scale AI despite Meta’s

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Tag: report

Neuralink raises $650m as brain implant trials expand
Tech

Musk’s brain implant firm breaks hazardous material handling rules – Report

Neuralink, a company specializing in brain implants, incurred a fine for breaching U.S. Department of Transportation regulations pertaining to the handling of hazardous materials, as revealed by federal agency documents. Reuters reported that during evaluations of Neuralink’s facilities in Texas and California in February 2023, DOT inspectors discovered the company hadn’t registered as a transporter […]

Special Economic Zones amass $66bn foreign investment - Report
Business

Special Economic Zones amass $66bn foreign investment – Report

Nigeria’s Special Economic Zones have received more than $66 billion in foreign direct investment and N620 billion in domestic direct investment. The PUNCH reported that the Chairman of the Nigeria Economic Zones Association, Nabil Saleh, said this at the association’s annual general meeting on Wednesday in Lagos. He stated that the investments have resulted in the creation […]

Iranian hackers target US elections, Microsoft warns
Crypto

Hackers stole $1.7bn crypto in 2023 – Report

In 2023, cryptocurrency platforms experienced approximately $1.7 billion in theft due to hacker attacks, a significant drop of 54.3% from the previous year, a report released by Chainalysis on Wednesday said. The crypto industry continues to grapple with cyber attacks, which remain a major concern and contribute to the skepticism of regulators worldwide towards cryptocurrencies. […]

Kenya waives visa fees for Ethiopia, five other nations
Investment

Kenya, Egypt, Nigeria top Africa’s investment destination list – Report

Africa’s investment landscape is shaping up to be a captivating story of growth and expansion, with Kenya, Egypt, Nigeria, and South Africa emerging as the top funding destinations. According to the “Africa Investment Report 2023,” Kenya, Egypt, Nigeria, and South Africa would account for 68% of the continent’s total investment in 2023. According to the […]

Nigeria leads Africa’s booming beauty market — Report
Business

Nigeria leads Africa’s booming beauty market — Report

Nigerians have always stood out when it comes to beauty and personal care. Little wonder the Nigerian market was reported to have imported more than $1.1 billion in cosmetics, fragrances, essential oils, and toiletries. This data comes from a comprehensive study by Beauty West Africa, the organizers of Africa’s largest beauty show event, which took place at the […]

Mobile users spent $171bn on apps in 2023 - Report
Business

Mobile users spent $171bn on apps in 2023 – Report

Mobile users worldwide spent $171 billion in China through third-party Android app shops, Google Play, and the App Store in 2023. This was disclosed in data.ai’s newest State of Mobile 2024 study. When compared to 2022, 2023 spending reflects a 3% rise. Last year, however, app downloads climbed by only 1% to 257 billion. According […]

Premium smartphone market to expand by 6% - Report
Business

Premium smartphone market to expand by 6% – Report

Sales of premium smartphones (with a wholesale price of at least $600) are expected to reach a record high of 6% in 2023, according to Counterpoint Research’s Market Pulse Service. According to The PUNCH, the company, this would be in contrast to the fall predicted for the global smartphone industry last year. The report stated […]

Business

Worst performing African currencies against US dollar in 2023 – Report

African currencies have recently suffered significant losses, particularly against the celebrated US dollar. AMBusiness reported that the depreciation has generated concerns about some African countries’ economic stability, affecting trade balances, inflation rates, and residents’ purchasing power. Here are the African currencies that will perform the poorest against the US dollar in 2023: Countries such as Nigeria, Kenya, […]

Aviation

Most punctual African airlines in 2023 – Report

Cirium’s yearly assessment of the world’s top global airlines for on-time performance has revealed that South Africa’s Safair and Kenya Airways were among the most punctual airlines in the Middle East and Africa region in 2023. AMBusiness reports that Safair ranked second on the list with an excellent on-time arrival percentage of 92.36%, while Kenya […]

Inflation causes decline in private sector productivity, employment - PMI
Business

PMI rises to 52.7 in December – Report

The most recent Stanbic IBTC PMI survey has revealed that the business environment in Nigeria improved in December 2023, with the Purchasing Managers Index climbing to 52.7 from 48.0 in November. The PUNCH reported that despite the increase, the business forecast for the new year is the lowest it has been since 2014. The increase was the […]

Zuckerberg now richer than Buffett with $7bn - Report
Business

Zuckerberg now richer than Buffett with $7bn – Report

The Forbes Billionaire Index shows that Meta’s founder, Mark Zuckerberg, has surpassed the famed businessman Warren Buffett in terms of wealth by $7 billion. Zuckerberg now has a net worth of $125 billion, while Buffett ranks seventh with a net worth of $118 billion. This rise has also moved Zuckerberg ahead of Microsoft co-founder Bill […]

How inflation, forex crisis may affect consumer goods industry - Report
Business

How inflation, forex crisis may affect consumer goods industry – Report

Persistent inflation and currency issues are expected to have an impact on the fourth-quarter financial results of enterprises operating in the consumer products sector of the economy in 2023. According to The PUNCH, this was announced in Meristem Securities Limited’s Consumer Goods Sector Update for December 2023. According to the research, foreign exchange losses for […]

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