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Local Stories

President Buhari says eNaira would help tackle illegal fund transfers

The President, Muhammadu Buhari, has said that eNaira would make the financial sector more efficient and help tackle the illicit flow of funds. Read more…

FBN Holdings share price drops as investors take profits

The share price of FBN Holdings Plc fell by 1.2 per cent on Tuesday, after rising by 2.45 per cent on Monday, the first trading day after it announced that Mr Femi Otedola, a billionaire businessman, had acquired a 5.07 per cent shareholding in the company. Read more…

China working to set up banks in Nigeria – Chinese ambassador

The  Chinese Ambassador to Nigeria, Mr Cui Jianchun, has said Nigerian banks will soon commence operations in China, adding that he is working hard to make this a reality. Read more…

International Stories

Moldova: Russia threatens gas supply in Europe's poorest state

His country is immersed in a gas crisis. But Nicu Popescu is trying to remain positive. Read more…

Brazil senators back criminal charges against Bolsonaro over Covid handling

Brazilian senators have voted to recommend charging President Jair Bolsonaro over his handling of the devastating Covid pandemic. Read more…

Huma Abedin: Clinton aide details sex assault by US senator

A former close aide to Hillary Clinton has reportedly written in a new memoir how she was sexually assaulted by a US senator. Read more…

Queen will not attend COP26 climate change summit

The Queen will not attend the COP26 climate change summit in Glasgow following medical advice to rest. Read more…

Covid: Australia to end ban on citizens leaving country

Australia has confirmed it will lift a ban next week that has prevented its own citizens travelling overseas without permission. Read more…

US revokes licence of top Chinese telecoms company

Washington has revoked the US licence of one of China's biggest telecoms companies citing "national security" concerns. Read more…

Tech Issues

#YouTubeBlackVoices music class of 2022 reflects African music dominance

YouTube has released a roaster of 54 black artists, songwriters and producers that will participate in the 2022 music class of its annual #YouTubeBlack Voices, read more…

mygarage.africa is digitising how commercial transport vehicles are leased in Nigeria

Over the past few years, tech solutions such as ride-hailing, carsharing, and vehicles-on-demand have helped to address some problems created by rapid urbanisation in Nigeria’s transportation sector. Read more…

Business Matters

EFCC presents N31.35 billion 2022 budget to NASS

The Economic and Financial Crimes Commission (EFCC) has presented a budget of N31, 350, 512, 836 to the National Assembly for its operations in 2022. Read more…

Ethereum 2.0 becoming a reality as Beacon Chain’s Altair upgrade is expected today

The Ethereum network, one of the biggest blockchain networks in the world, is set to take another step toward the much-anticipated Ethereum 2.0 today at epoch 74240, with the Altair upgrade to Beacon Chain. Read more…

Nigeria losing $2.9 billion annually from tax waivers granted to multinational companies – CISLAC

The Civil Society Legislative Advocacy Centre (CISLAC) has reported that Nigeria loses $2.9 billion annually due to tax waivers granted to multinational companies. Read more…

DEAL: CoinList raises $100 million in funding round, now valued at $1.5 billion

After a series A funding round, crypto listing platform, CoinList, attained unicorn status as the $100 million the firm raised during the funding round put the firm’s valuation at $1.5 billion. Read more…

Twitter profits slump after settling long-running lawsuit

Twitter lost more than half a billion dollars in the three months to September after it paid $809.5m (£588m) to settle a long-running lawsuit. Read more…

UBA posts N41.9 billion from E-business Income in 9 months

United Bank for Africa Plc (UBA), one of Nigeria’s Tier 1 banks, posted a total Electronic Banking Income (E-business Income) of N41.9 billion in the first 9 months of 2021. Read more…

eNaira: Nigerians download over 200,000 wallets in 24 hours

Nigerians displayed massive interest in the Central Bank’s eNaira initiative downloading over 200,000 wallets in 24 hours. This is according to information from sources in the Apex Bank with knowledge of the product. Read more…

PenCom to prosecute defaulting employers, recovers N19.29bn unremitted pensions

The National Pension Commission says it has recovered N19.29bn monthly pensions deducted by employers from employees’ monthly emoluments but not remitted to the Retirement Savings Accounts with their respective Pension Fund Administrators. Read more…

Fuel demand to hit 17.3 million MT by 2025 – NNPC

The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, has said Nigeria’s demand for petroleum products is expected to grow from 15.1 million metric tonnes in 2020 to 17.3 million MT by 2025. Read more…

Metro

Chiwetel Ejiofor and Emilia Clarke to star in new rom-com ‘the pod generation’

The pair will play lovers in a sci-fi Rom-Com, set to film in March 2022. Read more…

EFCC testifies against Naira Marley, says several credit card numbers were extracted from singer's iPhone

The trial of the music star over his alleged involvement in Internet fraud started in 2019. Read more…

Quote of the Day

"If you are not taking care of your customer, your competitor will." -Bob Hooey