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Business

Buhari Needs Senate Approval for $800m Loan to Cushion Fuel Subsidy Removal Effects

President Muhammadu Buhari has sent a letter to the Senate seeking approval to take a loan to the tune of $800 million from the World Bank to cushion the effects of subsidy removal. This follows the Federal Government’s April announcement of an $800 million World Bank grant targeting 50 million vulnerable Nigerians or 10 million […]

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News

Twitter to Introduce Audio & Video Calls, Encrypted Messages

Twitter Inc Chief Executive, Elon Musk has revealed details about new features including adding calls and encrypted messaging coming to the social media platform. Last year, Musk flagged plans for “Twitter 2.0 The Everything App”, which he said would have features such as encrypted direct messages (DMs), longform tweets and payments. “Coming soon will be […]

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Business

Abuja High Court Bars NBC from Imposing Fines on Broadcast Stations

A Federal High Court Abuja, on Wednesday, gave an order of perpetual injunction restraining the National Broadcasting Commission (NBC) from imposing fines, henceforth, on broadcast stations in the country. Justice James Omotosho, in a judgement, also set aside the N500,000 fines imposed, on March 1, 2019, on each of the 45 broadcast stations. Justice Omotosho […]

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E-Commerce

Glovo Expands Presence in Nigeria with Second Digital Supermarket

Glovo, a multi-category digital application, has expanded its operations in Nigeria with the opening of a second digital Micro-Fulfillment Centre (MFC) for improved service delivery and better customer satisfaction. Glovo’s Chief Executive Officer (CEO), Mr Oscar Pierre, said this at the innauguration of the centre at MFC in Yaba on Tuesday. Pierre said that the […]

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News

Content Creator Market Value Hits $104.2bn Jumping by 40% with TikTok & Youtube as Money Machine

The creator economy has seen impressive growth over the past years, with the entire market reaching $104.2bn value in 2022. The surging number of bloggers, social media influencers, podcasters, TikTokers, and YouTubers has been followed by the rise of content creator companies, helping them grow and monetize their audience. According to data presented by OnlyAccounts.io, […]

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Business

Respite for Power Consumers in South East & More Investment as VP Lights-On Afam 3 Power Plant

There is now respite for the people of the South East on electricity power supply following the commissioning by the Nigerian Vice, President Yemi Osinbajo of the 240MW, AFAM 3 Fast Power Project in Port Harcourt, Rivers State, South East Nigeria. Osinbajo who represented President Muhammadu Buhari at the official commissioning, said that with increased […]

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Business

CBN to Sanction Shipping Companies Exporting Undocumented Cargoes

The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emiefele, has read out a riot act to shipping companies exporting undocumented cargoes from the shores of the country. Emiefele sent out this note of warning at the RT200 Non-Oil Export Summit 2023 on Tuesday in Abuja. While speaking on the theme “Challenges and […]

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Telecoms

MainOne Expands Global Interconnection Capabilities with Equinix Fabric

West Africa’s connectivity and data center services provider, MainOne, an Equinix Company has enhanced its interconnection capabilities by using Equinix Fabric to extend its network reach and provide its enterprise customers with agile, on-demand and seamless connectivity to cloud providers, remote markets, and local infrastructure over the MainOne network and onto Platform Equinix. Equinix Fabric […]

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FinTech

Binance Rejigs Crypto Investment with New Auto-Invest Tool

Whether you’re new to investing in cryptocurrency, still trying to get your head around currency that can’t be stashed in your wallet, or a seasoned trader, chances are you’ll appreciate a tool that can make investment even easier. That’s why Binance, the world’s largest cryptocurrency exchange, has introduced Auto-Invest. “We understand that many people regard […]

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Computing

How Fraud & Error Make Companies Lost Millions During Software Procurement

Organisations are losing hundreds of millions of money due to fraud, error and negligence in software procurement and licence renewals. This is according to Leon Steyn, CEO of boutique IT sourcing and procurement firm Dante Deo, which recently commercialised its IT Renewals Service. Dante Deo’s team of legal, project management, IT asset management and procurement […]

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