Nigeria is perfecting plans to easy itself out of the grey list of the anti-money laundering, terrorism financing by May 2025 through National Information Technology Development Agency (NITDA), which has gone into collaboration with the Nigeria Financial Intelligence Unit (NFIU) for the development and implementation of Project Exit: Upgrade of NFIU Data Management System and […]
Read MoreCreativity, innovation, and culture will take centre stage as the Osun State SDG Creatives Conference 2025 kicks off from 28th to 30th January at the SDG Skill Acquisition Centre in Iragbiji, Osun State Themed “Innovate, Create, and Transform: Unlocking the Creative Economy for Sustainable Development,” the event aims to highlight the vital role creativity plays […]
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Nigeria is set for a major enhancement in its digital infrastructure, following the signing of a $2 million grant agreement between the US and Nigerian governments to expand the African country’s fibre optic network by 90,000 kilometers. This was announced during the first-ever US-Nigeria technology dialogue held in Washington, DC on 10 January 2025. US Deputy Secretary of […]
Read MoreAttracted by the bulk-purchase agreement incentives being offered by the Dangote Petroleum Refinery, more oil marketers in the country are jostling to be listed as beneficiaries of the agreement. The bulk-purchase agreement, the petroleum marketers reasoned, offers a guaranteed price stability as against purchase from depot owners whose price is opened to incessant upward review […]
Read MoreScania, SKF, and LOTS Group are collaborating to promote sustainable logistics by launching one of Europe’s longest routes for battery electric vehicles (BEVs). The route, operated in partnership with Ahréns Åkeri, is expected to significantly reduce emissions. The goal is to achieve a 97% reduction in carbon dioxide emissions (WtW) while optimising transport efficiency, with […]
Read MoreFirst Bank of Nigeria Limited has denied has abusing court process in its legal battle with General Hydrocarbons Limited (GHL). In a statement released, the bank described media reports on the abuse of court processes as failed and misleading stating that had fulfilled its obligations under the loan agreements. Explaining what transpired, the bank said: […]
Read MoreAWS is to start accepting payments in Nigeria Naira as part of a broader initiative by the company to incorporate eight new local currencies. Amazon Web Services (AWS) has added the Nigerian Naira and several other currencies to its payment catalogue, a move aimed at simplifying financial transactions for businesses. This development is part of […]
Read MoreMTN Nigeria has achieved a major milestone by becoming the first Nigerian organisation, the first company in the telecommunications industry, and the first within MTN Group to earn the Compliance Management System (CMS) certification from the International Accreditation Service (IAS). This globally recognised certification affirms MTN Nigeria’s commitment to maintaining world-class compliance standards across its […]
Read MoreThe Nigerian Communications Commission (NCC) and the Federal Competition and Consumer Protection Commission (FCCPC) is seeking better deal for telecoms consumers in Nigeria. To this end both organisations have signed a Memorandum of Understanding (MoU) aimed at strengthening the resolve of both institutions to protect the Nigerian consumer, especially in the communications industry. Speaking at […]
Read MoreIn a clear message of zero tolerance for cash flow disruptions, the Central Bank of Nigeria (CBN) has sanctioned Deposit Money Banks (DMBs) for failing to make Naira notes available through automated teller machines (ATMs), during the yuletide season. Each bank was fined ₦150 million for non-compliance, in line with the CBN’s cash distribution guidelines, […]
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