Nigerian tech entrepreneur Cedric Osagie-Ogunbor joins $500m AI startup after viral App acquisition
A 23-year-old Nigerian entrepreneur, Cedric Osagie-Ogunbor, has secured a major breakthrough in the global technology industry after Mecka AI, a fast-growing artificial intelligence startup, acquired Thirdspace, the social app he…
Fuel tax: Oyedele clarifies remarks, says levy not on table
Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has denied reports that the Federal Government plans to introduce a fuel tax once economic conditions improve, insisting that…
JPMorgan moves to open Nigerian branch, deposits ₦50bn as reforms boost foreign investor interest
JPMorgan Chase, one of the world’s largest financial institutions, has deposited ₦50 billion, equivalent to about $38 million, with the Central Bank of Nigeria (CBN) as it moves closer to…
Oyedele, Muda Yusuf, NGX, NCC leaders chart path to Nigeria’s $1trn economy
Nigeria’s ambition to build a $1 trillion economy by 2030 will depend on tax policies that encourage enterprise, stronger industrial capacity, increased investment, wider digital connectivity and a capital market…
Court upholds UBA’s ₦156bn debt recovery move against Stallion Group
The Federal High Court in Lagos has upheld United Bank for Africa (UBA) Plc’s appointment of a receiver/manager to recover an alleged N156.03 billion debt owed by Stallion Group and…
NCC to block unapproved phones as 231m devices are registered
The Nigerian Communications Commission (NCC) has registered about 231 million telecommunications devices across Nigeria as it introduces a verification system to prevent counterfeit, cloned and unapproved devices from accessing mobile…
World Bank report validates Tinubu’s economic reforms, president promises more relief
President Bola Tinubu has described the World Bank’s latest assessment of Nigeria’s economy as evidence that his administration’s economic reforms are yielding results, while acknowledging the need to translate the…
NNPC retail discount not fuel subsidy, says finance minister
The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has said the discount on petrol prices by NNPC Retail Limited does not amount to a return of…
FG offers 30-day petrol discount, moves to cap ex-gantry price at ₦1,350
The Federal Government has announced a 30-day discount on petrol sold through the Nigerian National Petroleum Company Limited (NNPC) filling stations as part of measures to cushion the impact of…
PH Refinery workers protest seven months’ unpaid salaries, threaten shutdown
Workers at the Port Harcourt Refining Company have protested over seven months of unpaid salaries and the delayed implementation of an approved salary structure, threatening to shut down operations if…