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CBN announces new capital base for banks, sets two-year deadline
Nigeria's apex bank and regulator, Central Bank of Nigeria (CBN) has announced need capital basis for different category of banks…
Dangote Refinery to reduce Africa’s Oil Imports, undercuts Foreign…
Nigeria's Dangote oil refinery is poised to reduce Africa's annual $17 billion petrol imports from Europe, putting extra strain on…
Elon Musk unveils free premium features on X for select verified accounts
Elon Musk has revealed that certain X (formerly Twitter) users will receive access to X Premium features at no cost.
In a post…
‘Crypto king’ Sam Bankman-Fried to be sentenced
Sam Bankman-Fried, the ex-billionaire crypto executive who faced charges of fraud and money laundering last year, will appear in a…
Chinese smartphone giant challenges Tesla
Chinese smartphone maker Xiaomi is poised to unveil its inaugural electric vehicle (EV) and commence order placements on Thursday.…
Naira increases to N1,350/$ in parallel market
The value of the naira yesterday in the parallel market increased to N1,350 per dollar from N1,430 per dollar on Monday.…
MTN to exit Guinea-Bissau, two others amid financial difficulties
MTN has hinted at a possible exit from Guinea-Bissau, Guinea-Conakry, and Liberia, citing several obstacles in the West and…
Dell reduces workforce over decline in personal computer sales, recession
Dell Technologies reduced its workforce as part of a larger cost-cutting plan.
CBN raises interest rate to 24.75%
The Central Bank of Nigeria (CBN) increased the interest rate to 24.75% from 22.75 percent.
NCC drags MTN, Karl Toriola, others to court for copyright violation
The Nigerian Copyright Commission (NCC) has filed charges against MTN Nigeria Communications Ltd. and four others for suspected…