News

NIGCOMSAT Partners NNPC to Provide Satellite Surveillance of Sensitive Equipment and Services

The Nigerian Communications Satellite Limited, (NIGCOMSAT) has entered into strategic partnership with National Petroleum Telecommunications Limited NAPET, a subsidiary of Nigerian National Petroleum Company Limited, NNPC for the provision of satellite services on monitoring its sensitive equipment and services. The fallout of a meeting between the two organisations during a visit to NAPET by NIGCOMSAT […]

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FinTech

MTN’s Ayoba Hits Over 25 Million Monthly Active Users

MTN’s Ayoba messaging app now has more than 25 million people as part of its monthly active users, says the group in a statement. This, according to the telephony group, is up from 20 million monthly active users in December. Launched in 2019, Ayoba is an MTN-owned instant messaging super app, and features peer-to-peer private […]

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News

BVN Has No Expiration Date, Says CBN

The Central Bank of Nigeria says enrollment on its verification platform has no expiry date. The apex bank disclosed this while reacting to claims that the Bank Verification Numbers, BVN, issued to customers expires after 10 years. In a statement signed by the Ag. Director, Corporate Communications Isa AbdulMumin, the CBN urged bank customers to […]

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Business

Seplat Energy’s $951.8m 2022FY Revenue and Transition Plan Excite Shareholders

Seplat Energy Plc, a Nigerian independent energy company listed on both the Nigerian Exchange Limited (NGX) and the London Stock Exchange (LSE) has held its 10th Annual General Meeting (AGM) virtually with shareholders, regulators, company directors, and the media, amongst other stakeholders joining virtually. In his address to shareholders and other stakeholders during the AGM, […]

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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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Business

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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