< 1 mn read The Nigeria Labour Congress (NLC) has firmly stated that the proposed N54,000 minimum wage by the Federal Government would not suffice for any family’s sustenance. NLC president, Joe Ajaero, emphasized this standpoint during an interview on Channels Television’s Politics Today on Tuesday. He remarked, “You can see that ₦54,000 is still not sufficient compared to […]
2 mn read Stanbic IBTC Holdings, a prominent financial services group dedicated to fostering growth and innovation within Nigeria’s economic sphere, has announced its eagerly anticipated annual event, the Youth Leadership Series (YLS). Now in its seventh edition, the YLS stands as a beacon of inspiration and empowerment for the nation’s youth, offering invaluable insights and strategies for […]
< 1 mn read Aliko Dangote, Africa’s wealthiest individual and the CEO and Chairman of Dangote Group, has expressed frustration over the stringent visa requirements hindering intra-African travel. Speaking at the Africa CEO Forum in Kigali, Dangote highlighted the bureaucratic hurdles he faces, requiring him to obtain 35 different visas for business travel across the continent. “As an investor […]
2 mn read Despite the Central Bank of Nigeria’s (CBN) recent increase in monetary policy rates, the steady rise in the inflation rate persists, particularly impacting rural areas where the price of foodstuff has nearly doubled over the past three years. The latest Consumer Price Index (CPI) report for April 2024, published by the National Bureau of Statistics […]
< 1 mn read “Mobile money and bank agent, Fasasi Atanda, has raised concerns over the feasibility of the deadline set by the Corporate Affairs Commission (CAC) for registering point of sale (PoS) terminals. Speaking in an interview in Lagos on Tuesday, Mr. Atanda highlighted the challenges faced by business owners attempting to register due to the slow performance […]
< 1 mn read “The United States has declined a proposal for a global tax on the assets of wealthy individuals and businessmen, including Aliko Dangote, Chairman of the Dangote Group, Femi Otedola, Chairman of the Femi Otedola Foundation, and Mike Adenuga, Chairman of Globacom telecommunication company in Nigeria, among others. Janet Yellen, the U.S. Treasury Secretary, announced this […]
< 1 mn read On Tuesday, May 21, 2024, the exchange rate for the Nigerian Naira at the parallel market, commonly known as the black market, was reported to be ₦1,485.544 to 1 US Dollar. This information was provided by Naira rate’s Official X handle, a presumably reputable source for currency exchange information. The black market exchange rate is […]
< 1 mn read The Central Bank of Nigeria (CBN) has implemented a significant increase in its interest rate, raising it to 26.25%. This decision comes in response to the persistent challenge of rising inflation in the country. Inflation refers to the general increase in prices of goods and services over time, leading to a decrease in the purchasing […]
< 1 mn read “CBN Led by Cardoso Intensifies Tightening Measures, Raises Lending Rate to 26.25%” Under the leadership of Cardoso, the Central Bank of Nigeria (CBN) has escalated its tightening policies, announcing a significant increase in the lending rate to 26.25%. This aggressive move signals the bank’s commitment to tackling inflation and stabilizing the economy amidst rising challenges. […]
2 mn read Nigeria reclaims title of Africa’s largest oil producer in latest OPEC report. Nigeria’s oil production in April 2024 surged to 1.28 million barrels per day (BPD) making the country the highest oil producer in Africa. This increase showed that crude oil production in Nigeria increased month-on-month, (MoM), by 4% from 1.23 million BPD recorded in […]
18 mn read If you are looking for top-rated Bitcoin slots, the options are numerous! To pick your favorite, you might have to consider factors like game variety, reputation, security, bonuses, user experience, etc. To make things a bit easier for you, our team of seasoned experts has evaluated the performance of more than 100 bitcoin casino slots […]
3 mn read 9 Taiwanese companies and Nigerian buyers gathered at the Taiwan Business Forum recently hosted in Nigeria to collaborate on new opportunities. The 2024 edition of the Taiwan Trade Business Forum, organised by the Taiwan External Trade Development Council (TAITRA), concluded successfully on May 13 at the Radisson Blu Anchorage Hotel in Lagos, Nigeria. The forum […]
< 1 mn read Google has announced it would introduce AI-generated answers to online queries made by users in the United States, in one of the biggest updates to its search engine in 25 years. “I’m excited to announce that we will begin launching this fully revamped experience, ‘AI overviews,’ to everyone in the US this week,” Google […]
6 mn read Google I/O 2024 showcased Google’s commitment to transforming the search experience through AI innovations. Here’s a breakdown of the key announcements: 1. Gemini 1.5 Pro and Gemini 1.5 Flash: Google announced the general availability of Gemini 1.5 Pro, a powerful AI model with a 1 million token context window, enabling it to process vast amounts […]
2 mn read The designer focused on the essence of having brand values. Popular fashion designer, Veekee James, has offered words of advice to aspiring and upcoming fashion designers on running their brands. In a post uploaded to Instagram on May 14, 2024, she detailed the measures aspiring designers can take to protect their brand. She wrote, “I […]
3 mn read Several governments suspect the digital asset for several reasons. Cryptocurrency transactions in some African countries have remained banned despite the possibility of introducing comprehensive regulatory frameworks to support its development. According to Chainalysis, Africa is currently one of the fastest-growing crypto markets in the world, with Kenya, Nigeria, and South Africa having the highest number of users […]
2 mn read For the past two decades, the BATN Foundation has been at the forefront of empowering rural communities in Nigeria through agricultural initiatives and sustainable development efforts. Founded with a mission to uplift and support women, men, youths, and farmers across the country, the foundation has made significant strides in enhancing livelihoods and fostering community resilience. […]
4 mn read The Nigerian smartphone market is becoming increasingly competitive, with several mid-range devices vying for consumer attention. Notable among them are the Infinix Note 40, Redmi Note 13, and Realme 11. Each brand brings its unique features to the table, striving to claim the title of mid-range champion by offering a balance of performance, design, and […]
2 mn read Four Nigerian-owned banks have been included in the list of World’s Best Banks for the African region in 2024. According to the report published by Global Finance, the strength and resilience demonstrated by the financial institutions based in Africa have been linked to the shrewdness and prowess exhibited by the banks’ top leadership and management. This […]
2 mn read As the night unfolded at the 10th Africa Magic Viewers’ Choice Awards, the air was thick with excitement and anticipation. From the glitz and glamour of the red carpet to the captivating allure of the TECNO booth, attendees were immersed in a world where technology and star power collided. Against the backdrop of flashing lights […]
