AfDB to Commit $10bn to Make Africa ‘Breadbasket of the World’
“We must raise the bar. We must raise our ambition. We must arise and say to ourselves: it is time to feed Africa.”The African Development
Mafab Launches 5G Network 13 Months after Obtaining Licence
The initiative will drive smart city project in Lagos, says Governor Sanwo-Olu.
CBN Stops Dollar Charges on Domestic Card Transactions
A new national card scheme has been initiated to boost financial inclusion, enhance data sovereignty and offer lower charges.
In Battle against Independent Monetary Policy, Nigeria’s House Threatens to Arrest CBN Governor
The House Speaker insists that CBN must heed the call of Nigerians and allow the old banknotes to remain in use alongside the newly redesigned ones.
Nigeria, India Record $14.95bn Volume of Trade in 2022
The Indian envoy said direct flights between Nigeria and India would commence in a matter of weeks.
Nigeria Unveils National Domestic Card Scheme
The domestic card is to address the specific requirements of Nigeria’s payment industry.
US Firm to Make Bid for Bankrupt UK Car Battery Firm
Recharge Industries said the bid would include purchasing the entire site and facilities, “and offers a vision to retain current Britishvolt staff
Edo Refinery Begins Production, to Expand Capacity to 21,000bpd in March
The facility with its feedstock can produce 50 per cent of diesel (500,000 litres), 25 percent of naphtha (300,000 litres) and 20 per cent of Low Pour Fuel Oil (LPFO) (200,000) litres.
Microsoft Probes Outage as Teams and Outlook Go Down for Thousands of Users Globally
Most users were unable to exchange messages or join calls, forcing office workers to return to in-person meetings and other social media platforms.
Nigeria Rolls Out Plan to Top Africa’s Sugar Production, Generate Power from Ethanol
“This is an ambitious and well-thought-out move that will drive and revamp the sector in order to restore Nigeria’s lost glory.”
CBN Governor Emefiele Forecloses Extension of January 31 Deadline for Return of Old Naira Notes
This despite the fact that the National Assembly again requested a six-month extention.
US Sues Google Over Dominance of Online ad Market
The case was launched by the US Justice Department (DOJ) in conjunction with eleven states
Twitter Sued Over ‘Unpaid Rent’ on London Office
Twitter has a London office in a complex on Air Street called Air W1, whose landlord is the Crown Estate.
Nigeria Tells London Court to Overturn $11bn Arbitration Award to P&ID
The amount is around 30 per cent of Nigeria’s foreign exchange reserves.
Nigeria: FIRS Raked in Unprecedented N10.1trn Tax Revenue in 2022
Oil and non-oil taxes contributed 41% and 59% respectively.
Air Peace Loses Over N500m after Strike By Nigerian Aviation Handling Company
The airline said NAHCO did not pre-inform them about the strike neither was a public notice issued.
Buhari Inaugurates $1.5bn Lekki Deep Sea Port in Lagos
Chinese envoy says the lekki port is a sign that Nigeria’s investment climate can be trusted.
Spotify to Cut Some 600 Staff as Tech Woes Spread
Spotify has never posted a full-year net profit despite its success in the online music market.
Ahead of Buhari’s Inauguration, First Commercial Vessel Berths at $1.5bn Lekki Deep Sea Port
Buhari is billed to inaugurate the Lekki Deep Seaport for commercial operations in Lagos State on Monday.
Edo Government, Port of Antwerp Partner on Benin River Port
The port is among the legacy projects by the Obaseki-led administration to drive industrial and economic growth in Edo State.
