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Russia considers accepting Bitcoin for oil and gas

Russia is considering accepting Bitcoin as payment for its oil and gas exports, according to a high-ranking lawmaker. Pavel Zavalny says “friendly” countries could be allowed to pay in the crypto-currency or in their local currencies. Earlier this week, Russian President Vladimir Putin said that he wanted “unfriendly” countries to buy its gas with roubles. […]

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Spotify paid 130 artists more than $5m last year

Spotify has revealed it paid $7bn to music industry rights holders last year, accounting for almost 25% of the industry’s total revenues. The news came on the company’s Loud And Clear website, which was launched last year with the aim of “increasing transparency” around its payments. The streaming giant said 52,600 artists earned more than […]

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Again, NNPC fails to appear before Reps panel

The Nigerian National Petroleum Corporation (NNPC) Limited and its subsidiaries, yesterday, failed again, to appear before the House of Representatives Committee on Public Accounts investigating non-revenue remittances to the treasury following the audit report of the Auditor General of the Federation covering 2014 to 2019. At the resumed hearing, the corporation, in a letter to […]

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$338.7m ECOWAS off-grid electricity project takes off in Abuja

The Project Management Unit (PMU) for the $338.7 million Regional Off-Grid Electricity Access Project (ROGEAP) has officially commenced activities from the Economic Community of West African States (ECOWAS) Department of Energy and Mines in Abuja. The initiative will provide electricity for households, businesses, and schools in 19 countries across West, North and Central Africa. With […]