The Nigerian Exchange Ltd. (NGX) All-Share Index and Market Capitalisation appreciated by 1.80 per cent each, to close the week at 105,451.06 and N64.303 trillion respectively. Theses are against 103,586.33 and 63.166 trillion posted last week. Consequently, equity investors gained a total of N1.137 trillion for the week under review. Similarly, all other indices finished […]
Read MoreA document from the Federal Inland Revenue Service (FIRS) has debunked the claim under oath by Benjamin Joseph, Chief Executive Officer of Citadel, that he was not aware of the contract executed by his company at FIRS. The details emerged when the case between Citadel Oracle Concept Limited and Zinox Technologies came up again at […]
Read MoreEFCC Arrests Four Chinese, 101 Others for Suspected Internet Fraud in Abuja In its ongoing efforts to clean the nation of internet fraud and other acts of corruption, operatives of the Economic and Financial Crimes Commission, EFCC, have arrested four Chinese and 101 Nigerians in a business apartment in the Gudu axis of Abuja. They were […]
Read MoreAn internet fraudster expert, Chima Nkwocha, a.k.a “Young Billionaire has been jailed for two years for defrauding an American identified as Linda Wheeler of $345,000. A statement by the Economic and Financial Crimes Commission (EFCC), said Nkwocha was jailed after he was arraigned before Justice Emeka Nwite of the Federal High Court, Maitama, Abuja, on […]
Read MoreMore than a decade after an acquisition spree that boosted its footprint in sub-Saharan Africa, First Bank of Nigeria Limited is looking to expand into several other countries, including Ethiopia, Angola and Cameroon. Deputy Managing Director, Ini Ebong, said in an interview that “There are a number of large economies with large banking pools that […]
Read MoreThe Aurora Tech Award-an annual award put together to celebrate the boldest and most ambitious female founders in emerging markets, has unveiled the list of participating Nigeria start-ups dominate the list. A statement issued by inDrive, said that out of a record-breaking 2,018 applications from 116 countries, Nigeria leads the longlist with an impressive 21 […]
Read MoreThe Nigeria Police Force National Cyber-crime Centre (NPF-NCCC) has been named the Best Cyber-crime Unit in Africa for 2024 by the INTERPOL Cyber-crime Directorate in Singapore, ranking first among 54 African countries. According to the NPF-NCC, the achievement demonstrates the Nigeria Police Force’s commitment to combating cyber-crime and improving citizens’ digital safety. It went on to say: […]
Read MoreTechnology distribution company in Africa, TD Africa has unveiled its Green Hero Initiative, a groundbreaking program designed to tackle Nigeria’s persistent energy challenges and promote the adoption of sustainable energy solutions. This initiative underscores TD Africa’s commitment to advancing cleaner, more affordable energy alternatives for Nigerian households and businesses. As the cost of fossil fuels […]
Read MoreGoogle has paid Can$100 million to Canadian news outlets to use their content on its platform, as part of a deal with the government to offset loss of advertising revenues. Canada passed the Online News Act in 2023, joining Australia and a few countries in Europe in establishing policies to force tech platforms to compensate […]
Read MoreSocial media giant Meta announced Tuesday a significant rollback of its content moderation policies, including the termination of its third-party fact-checking program in the United States. “We’re going to get rid of fact-checkers and replace them with community notes similar to X (formerly Twitter), starting in the US,” Meta Founder and CEO Mark Zuckerberg said […]
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