The Central Bank of Nigeria (CBN), in continuation of its drive to ensure liquidity and stability in the foreign exchange market, has injected $195 million into various segments of the inter-bank foreign exchange market. A breakdown of the figures released by the CBN on Monday shows that $100 million was offered to authorised dealers in […]
As part of its strategic expansion drive, Nigeria’s leading composite e-commerce outfit, Yudala is launching 15 luxury wines and spirits stores nationwide to cater for the sophisticated lifestyle of Nigerians. Yudala’s CEO, Mr. Wole Ogundare said that the stores, which would be rolled out in major cities, including Lagos, Port Harcourt, Abuja, Owerri and Uyo, […]
The electric power sector in Nigeria has experienced 213 systems collapse that caused severe nationwide outages in the last nine years, industry data have shown. Figures from log records on systems collapse from the Transmission Company of Nigeria (TCN) show that 141 Total systems collapse occurred during the period with another 72 Partial collapse of […]
Organisers of the Global FinTech Hackcelerator programme is targeting more than 30,000 people, as part of the annual Singapore FinTech Festival. The event which will take place from November 13-17 is being sponsored by KPMG Nigeria in collaboration with the Monetary Authority of Singapore (MAS). The Senior Manager Fintech Practice, KPMG, Ladi Asuni, said the […]
The United States on Sunday lifted a ban on laptops in cabins on flights from Abu Dhabi to the United States, saying the United Arab Emirates’ Etihad Airways had put in place required tighter security measures. Etihad welcomed the decision and credited a facility at Abu Dhabi International Airport where passengers clear U.S. immigration before […]
No fewer than 12 West African countries will assemble in Nigeria to deliberate on ways to develop the mining sector in the region, Alhaji Sani Shehu, President, Miners Association of Nigeria, has said. Shehu told the News Agency of Nigeria (NAN) on Sunday in Abuja that the countries would meet on July 5 to discuss […]
In a bid to meet the yearnings of its customers, Yudala, Nigeria’s pioneer online and offline e-commerce outfit, has extended a nationwide mega-sales event tagged Yudala Tech Week – a massive promotion offering millions of Nigerians a chance to enjoy rock-bottom prices and free delivery on a wide range of technology products. Yudala Tech Week […]
Petroleum products marketers and depot owners are yet to receive their $2billion outstanding subsidy claims despite the directive from the Acting President Yemi Osinbajo. Yemi Osinbajo had directed the Ministry of Finance to pay the said amount, but the petroleum products marketers and depot owners said none of them was paid as at close of […]
Samsung Electronics Co Ltd said on Sunday it will start selling a refurbished version of the recalled Galaxy Note 7 smartphone in South Korea on July 7, using batteries different from those that caused some handsets to catch fire last year. Samsung said in a statement it will offer 400,000 phones, dubbed the Galaxy Note […]
The current revenue worth $180 billion earned by Chinese firms in Africa could increase to $440 billion dollars by 2025, a report says. The latest report on Africa-China economic partnership by McKinsey & Company, a global management firm, found that there were more than 10,000 Chinese firms operating in Africa. This was found out following […]