Ecobank MySME Growth Series: Erhabor advocates for AI in Business Development Small and Medium Enterprises (SMEs) in the country have been advised to embrace Artificial Intelligence (AI) technology to grow their businesses. Founder AI Nigeria, Ehia Erhabor, made this submission in his presentation titled “ Using AI[Read More…]
CBN: Nigeria records $282m diaspora remittances in Q1 2024 The Central Bank of Nigeria (CBN) reported $282.61 million in total direct foreign exchange (FX) remittances in the first quarter (Q1) of 2024, which is a 6.28% decrease from the $301.57 million remittances recorded in Q1 2023. The data was obtained[Read More…]
Helicopter Operators landing Fees: NUPENGASSAN demands withdrawal Petroleum workers under the aegis of the Nigeria Union of Petroleum and Natural Gas Workers and the Petroleum and Natural Gas Senior Staff Association of Nigeria (NUPENGASSAN), expresses grave concern regarding the recently introduced landing fees imposed on helicopter operators, especially those servicing[Read More…]
NNPC, partner begins production of 6,000 BPD at OML 13 Nigerian National Petroleum Company Exploration and Production Limited and Natural Oilfield Services Limited have announced the commencement of oil production at Oil Mining Lease 13 in Akwa Ibom State. This was disclosed in a statement signed by[Read More…]
United Nations Nigeria partners Sterling One Foundation to co-convene ASIS 2024 United Nations (UN) in Nigeria, led by the Resident Coordinator, Assistant Secretary-General Mohamed Malick Fall has committed to galvanizing the private sector for stronger partnerships and more impactful investments towards acceleration of the Sustainable Development Goals (SDGs). This[Read More…]
CBN speaks on Inflation Rate The Central Bank of Nigeria’s governor, Olayemi Cardoso, has assured that the Monetary Policy Committee will take all necessary measures to combat and control the country’s ongoing inflationary pressures. The CBN’s hawkish stance on inflation had become obvious from the first MPC[Read More…]
Dangote ranks 6th richest in global manufacturing Aliko Dangote has been ranked as the world’s sixth richest person in the manufacturing industry. Dangote whose net worth is put at $14.3 billion is the founder of Dangote Cement, the leading cement producer in Africa, in which owns about 85[Read More…]
Tinubu orders suspension of Cybersecurity levy President Bola Tinubu has told the Central Bank of Nigeria (CBN) to suspend the implementation of the cybersecurity levy policy. This comes after the policy was greeted with widespread condemnation. According to the Act, a levy amounting to 0.5 per cent of[Read More…]
NCAA Audit: Dana Air Lays Off Workers Temporarily Dana Air has announced that it is temporarily laying off some of its workers amid an ongoing operational audit by the Nigerian Civil Aviation Authority (NCAA). The airline has stated that the decision was made to ensure efficient management of resources[Read More…]
Court Stops Pro-Wike Lawmakers From Parading Selves As Rivers Assembly Members A Rivers State High Court sitting in Port Harcourt has issued an interim injunction restraining the embattled Speaker of the Rivers State House of Assembly, Rt. Hon. Martins Amaewhule, and 24 others from parading themselves as members[Read More…]
