FG Scraps Petroleum Equalisation Fund, Transport Allowance for Oil Marketers
According to Engr. Farouk Ahmed, the Authority Chief Executive (ACE) of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the Federal Government has scrapped the Petroleum Equalisation Fund (PEF)…
MTN Signs Up for United Nations Women Empowerment Principles
Leading telecommunications company, MTN Nigeria has signed the United Nations Women Empowerment Principles (UN WEPs) as part of its commitment to gender equality in the workplace through the Nigeria2Equal programme…
Airtel Launches TV Commercial Showcasing Home Broadband Connectivity
Airtel Nigeria, a leading telecommunications provider, has recently launched a new television commercial to highlight the benefits of its Home Broadband connectivity. The TV commercial features Eyinna Nwigwe, a popular…
“We Reached a Point of Frustration with Cryptocurrency Operators,” says CBN
The Central Bank of Nigeria (CBN) has explained its decision to halt the growth of digital currencies in the country, citing interference from the private sector and concerns about the…
EU Allocates £32m to Boost Energy Sector in Nigeria, West Africa
The European Union (EU) is allocating £32 million euros to support the energy sector in Nigeria and neighboring West African countries. This funding is part of the AGoSE-AO program, which…
Telcos Issued USSD Disconnection Notices: How Will Banks React?
The ongoing conflict between Nigerian banks and telecommunication companies (telcos) over Unstructured Supplementary Service Data (USSD) services has raised concerns about the future of mobile banking and financial transactions in…
Russian Court Imposes $37,000 Fine on WhatsApp
A fine was imposed on WhatsApp, a U.S. messenger service, by a Russian court on Thursday due to its failure to delete prohibited content. This marked the first instance in…
NCC Targets Over 50% Broadband Penetration by End of 2023
The Executive Vice Chairman/CEO, Professor Umar Garba Danbatta, has stated that the NCC aims to achieve a broadband penetration rate of well above 50% by the end of 2023. This…
NCC Engages Licensees in Bayelsa, Fosters Dialogue, Collaboration
The Nigerian Communications Commission (NCC) took the initiative to organize a Talk to the Regulator Forum in Bayelsa on Thursday, to engage and foster a cooperative relationship with them. The…
Elon Musk Reclaims Title as World’s Richest Person, Worth $192b
According to a recent Bloomberg Billionaires tally, Elon Musk has regained his position as the world’s wealthiest person. His estimated net worth is now around $192 billion, surpassing Bernard Arnault,…
Access Bank Launches ‘French Desk’ to Foster Bilateral Business Growth
The President of the France Nigeria Business Council, Dr. Herbert Wigwe, has launched ‘Access Bank’s French Desk’ to provide support and guidance to French businesses operating in Nigeria and businesses…
Digital Economy: How to be Part of NITDA’s Scholarship Program
The Federal Government, in collaboration with the National Information Technology Development Agency (NITDA) and Coursera, is offering scholarships to support the creation of 1 million jobs in the digital economy.…
CBN Dismisses Reports of Naira Devaluation, says Exchange Rate remains N465/$1
The Central Bank of Nigeria (CBN) has refuted the claim that it has devalued the naira. Isah AbdulMumin, the spokesperson for the bank’s Communications department, stated that the dollar was…
Tech Startups in Africa Raised over $4.4b in 2022
The growth of technology in Africa has been significant in recent years. Although Africa has faced challenges in terms of infrastructure, access to resources, and the digital divide, there has…
United Nigeria Airlines Aircraft Skids off Runway at Lagos Airport
On Wednesday, an aircraft belonging to United Nigeria Airlines skidded off runway 18L at the Murtala Muhammed Airport terminal two in Lagos State. The plane had arrived from Ebonyi Airport…