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Govs Reject FG’s Plan To Privatise Power Plants
The Nigerian Governors Forum (NGF) yesterday opposed the Federal Government’s proposal to privatise National Integrated Power Plants (NIPPs). The plants are: Benin Generation Company Ltd,…
Telecom Operators Threaten To Withdraw Services To Banks
Telecommunications Operators have threatened to withdraw their services to banks and other financial institutions in Nigeria due to unpaid debts. According to the Chairman of Association of…
Shell Acquires Nigeria’s Renewable Energy Firm, Daystar Power
Shell has acquired a Nigerian renewable energy group, Daystar Power, for an undisclosed sum, according to Financial Times. The acquisition reportedly marks Shell’s first power sector acquisition…
Inter post 140 million-euro loss in 2021-22 accounts
Inter Milan announced on Wednesday that they had posted a loss of 140 million euros ($133.9 million) for the 2021-22 season, a significant reduction in the wake of the Covid-19 pandemic. The…
Lagos directs tech hubs, co-working spaces to pay N150,000 safety fee
The Governor Babajide Sanwo-Olu-led Lagos State government has directed tech hubs and co-working spaces operating in the state to pay the sum of N150,000 as safety audit fee. According to a memo…
CBN recovers N3.7trn intervention funds
Beneficiaries of various Central Bank of Nigeria (CBN) intervention schemes have re-paid a total of N3.7 trillion out of the N9. 3 trillion disbursed in the last four years. The Director of the…
Mark Zuckerberg drops out of top 10 richest men in US
The chief executive officer (CEO) of Meta (formerly Facebook), Mark Zuckerberg has dropped out of the top ten richest men in the United States according to Forbes. The American business…
Trapped funds: No law mandated CBN to provide dollars to foreign airlines, says Emefiele
The (CBN) says there is no law mandating it to provide dollars to foreign airlines operating in the country. Godwin Emefiele, governor of the apex bank, made this known on Tuesday while…
CBN mulls raising capital base for fintechs above N2 billion
The Central Bank of Nigeria (CBN) is considering raising the capital base for Financial Technology firms (Fintechs) as the market share controlled by the payment platforms begin to expand. CBN…
eNaira app downloads nears 1m… With 282,600 currently active – CBN
Governor of the Central Bank of Nigeria (CBN) Mr Godwin…
22 Hospitality Limited buys Sheraton’s parent company, Capital Hotels
22 Hospitality Limited…
CIBN, PAPSS sign MoU to resolve payments-related barriers in continental trade
The leadership of the Chartered Institute of Bankers of Nigeria…
We recorded 8m barrels of oil production losses in July – NNPC
The Nigerian National Petroleum Company (NNPC)…
King Charles III coins to enter circulation, replace Queen Elizabeth’s – Royal Mint
The Royal Mint has announced that coins featuring the portrait of King Charles III will enter circulation in the United Kingdom, replacing his mother, the late Queen Elizabeth II, to become…
Apple makes iPhone 14 in India in shift from China
Apple says it has started making its iPhone 14 in India as it diversifies its supply chains away from China. The company makes most of its phones in China but has shifted some production…
Almost $1 million in crypto stolen from vanity address exploit
Hacks and exploits continue to plague the decentralized finance (DeFi) sector as another vanity wallet address joins the roster of DeFi victims that collectively lost more than $1.6 billion in 2022. In…
Pound hits 50-year low against dollar as UK mulls further tax cuts
The British pound reached an all-time low against the US dollar on Monday. The development is coming less than a week since the pound to $1.13 — its lowest level since 1985 — before regaining…
Access to 25% of retirement savings ‘ll bridge housing deficits — MBAN
THE Mortgage Bankers Association of Nigeria, MBAN, on Sunday said that the federal government’s approval of the guidelines, which allows pension funds account holders to access 25 per cent of…
Musician sues Airtel for N350 million over copyright breach
Musician Veno Marioghae-Mbanefo on Friday prayed a Federal High Court to declare as unlawful, alleged unauthorised use of her 1985 hit song – Nigeria Go Survive – by Airtel Nig. Ltd. Ms…