Business

While the world is yet to recover from what the new owner of twitter Elon Musk did by firing almost half of the staff on Twitter, Meta came up with its own. Meta has decided to fire 11,000 Facebook employees, accounting for around 13% of…

One of the world’s largest cryptocurrency exchange platforms, Binance, has announced that Nigerians can now deposit and withdraw the Naira to and from their wallets. What this means is that Nigerian traders can now deposit and withdraw…

The National Broadcasting Commission (NBC) has directed MultiChoice to sublicense some of its channels to an indigenous digital broadcasting firm, Metro-Digital Limited, thereby putting an end to years of monopoly in the digital…

Fenway Sports Group, the owner of Liverpool Football Club since 2010, is now accepting proposals from prospective buyers. Since buying the franchise from George Gillett and Tom Hicks in October 2010, FSG has been in charge at Anfield,…

The Central Bank of Nigeria (CBN) has spent N281.07 billion to print bank notes between 2016 and 2020 and another N3.88 billion to destroy mutilated notes within the same period. Data from the apex bank showed that N33.37 billion had…

Central Bank of Nigeria (CBN) is developing a card called the National Domestic Card Scheme to improve payment system in Nigeria in conjunction with Nigeria Inter-Bank Settlement Systems (NIBSS) Plc, and Bankers’ Committee. The National…

The completion of the sale of Polaris Bank to Strategic Capital Investment Limited (SCIL) has been officially announced by the Central Bank of Nigeria (CBN). The announcement was made in a statement on Thursday by CBN’s Director,…

The Nigerian Communications Commission (NCC) has discovered, through social listening and environmental surveillance that a fraudulent letter, entitled: “Certificate of Site Ownership”, for clearance of “Mast Transmission Antenna”, are…

Globacom has follow the likes of MTN MomoPSB and Airtel SmartCash, to launch its own payment service bank (PSB) called Money Master. Along with its PSB, it has also launched a new E-top up service. Just like its counterparts, the telecom…

Binance Smart Chain was on Thursday shut down after hackers stole Binance-linked token BNB worth over $600 million. Following reports of hackers' attack on BNB, the BSC paused operations due to “irregular activities”, disrupting activity…

New York City has the highest number of rich people in the world, according to a new report by investment migration consultancy firm, Henley & Partners. Around 345,600 millionaires reside in the city, alongside 15,470…

The Nigeria National Petroleum Corporation Limited (NNPC) has agreed to supply the Dangote refinery with about 300,000 barrels of crude oil per day for the next 20 years. According to the Group Chief Executive Officer, NNPC Ltd, Mele…

The Federal Government had on Monday August 29, stated that the petrol subsidy will remain in place until mid-2023. Minister of Finance, Zainab Ahmed who appeared before the House of Representatives Committee on Finance in Abuja on the…

Meta  has announced that it will now let users post their NFTs across both Instagram and Facebook. Users can connect their wallets like Rainbow, MetaMask, Trust Wallet, Coinbase Wallet and Dapper Wallet to post digital collectibles…

The Central Bank of Nigeria (CBN) has unveiled the Unstructured Supplementary Service Data (USSD) code for its eNaira, indicating that Nigerians without internet-enabled phones can use eNaira for transactions. The decision by the apex…

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has been blamed by the National Youth Council of Nigeria (NYCN) for his poor economic management policies for the recent free-fall of the Naira. The Nigerian Naira…

The National Association of Telecoms Subscribers has described the Federal Government’s decision to increase the total consumption tax on telecom services to 12.5 per cent as irresponsible and ill-timed. The association said that an…

Last week, Flutterwave sent an email to all its users that it has discontinued virtual dollar cards effective from Sunday July 17, 2022. And now, other African fintech startups offering virtual dollar card are following suite. They have…

Kuda Microfinance Bank will start charging N50 to all deposits of N10,000 or more made into customers’ Kuda account. In a mail by the bank to its customers, it said that this is in line with the Federal Government’s stamp duty act.…

Nigerian oil marketers have announced that the price of the Premium Motor Spirit popularly called petrol can no longer be at N165/litre. The marketers in response to the Federal Government’s directive that petrol should be sold at the…