Financial

Fourth Mainland Bridge Construction Begins March, April, Says Gov Sanwo-Olu

Lagos State Governor, Babajide Sanwo-Olu, has unveiled plans of a phase by phase work for the the construction of the long-awaited 37km Fourth Mainland Bridge will begin by the end of March or April. He assured that those that will be affected including owners of buildings, some of which has telecoms towers will be duley […]

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Business

OPay to Block All Non-NIN Complaint Accounts by March 1st

All accounts on OPay, Nigeria’s fintech company that are not properly linked with the National Identification Number (NIN) would be blocked by March 1, 2024. Also, fraudulent accounts and those that do not meet the know-Your-Customer (KYC) of the Centra Bank of Nigeria would also be removed from the OPay platform. The Director of Partnerships […]

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Business

FG Backs Lagos Ban of Reusable Plastic, Says It’s Inevitable

The Federal Government has backed the ban on reusable plastic by the the Lagos State Government. The Government said that  the ban of some plastic materials is inevitable, even as it urged Nigerians to be prepared for “wholistic circular management of our waste”. The Minister of State for Environment, Iziaq Salako, made this known in […]

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Business

INNOVATION: Nigerians Now to Get International Passport in Two Weeks, Says Comptroller General

The Comptroller General of the Nigeria Immigration Service (NIS), Wura-Ola Adepoju, said it will take two weeks between the point of application for green passports to be produced. Adepoju was a guest on Channels Television’s Sunrise Daily programme on Wednesday, alongside the NIS Deputy Comptroller General, Kemi Nandap. “Because of the screening that we need to do, […]

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Economy

Dangote Still Africa’s Richest as Forbes Unveils Richest Billionaires in 2024

President of Dangote Group, Aliko Dangote, has retained his position as the richest person in Africa, with a net worth of $13.9 billion, in the 2024 Forbes list of 20 Africa’s Richest billionaires released on Monday. According to Forbes, the fortunes of Africa’s wealthiest people rebounded slightly in the past 12 months, reversing the decline […]

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Business

Olatunji Harps on Essence of Protecting African’s Personal Data at Global Forum

The National Commissioner, Nigeria Data Protection Commission, Dr Vincent Olatunji has noted the importance of collective efforts among DPAs in Africa to ensure the protection of personal data of individuals across the continent. Olatunji who was the guest speaker at the webinar on Data Protection in Africa and the Middle East, hosted by Hogan Lovells. […]

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Financial

FG, States, LG Share N1.1trn December Allocation Leaving ECA at $473,754.57

The Federation Account Allocation Committee (FAAC) has shared a total of N1.1 trillion December 2023 allocation to the Federal Government, States and Local Government councils. This was contained in a communiqué issued at the end of the Federation Account Allocation Committee (FAAC) meeting for January 2024, a statement by the Director of Press and Public […]

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Business

Blinken Assures of Investment in Nigeria’s Tech Sector But Expresses Concern on Corruption Index

The US Secretary of State Anthony Blinken has assured of the country’s companies’ readiness to partner with and invest in the Nigerian economy. Blinken, who is on an African tour, made the remark in Abuja during his visit to President Bola Tinubu at the Presidential Villa. “American entrepreneurs and companies are ready to partner and […]

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Business

Smartcash Payment Service Bank Signs Strategic Partnership with Stanbic IBTC to Boost Cash Services in Nigeria

Smartcash Payment Service Bank (PSB), a subsidiary of Airtel Nigeria, is going into strategic partnership with Stanbic IBTC Bank to boost cash deposits and withdrawals for Smartcash customers across Nigeria. The new collaboration between the two visionary companies aims to leverage Stanbic IBTC Bank’s branch network to provide additional financial services to Airtel Smartcash customers […]

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News

Cryptocurrency Tipped Alternate Investment Destination as Nigeria’s Inflation Goes Berserk

Venture capital firm EMUGO Africa believes the widespread adoption of mobile-based crypto applications, a vibrant start-up ecosystem and a tech-savvy youthful population will position Nigeria as a major player in Africa’s crypto space. EMUGO Africa published a blog, this week, titled, Inside Nigeria’s Web3 Market: Crypto Outlook and Regulations, in which it explained that Nigeria has one […]

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