Tinubu Pledges Support For Completion Of Africa’s Largest $5bn Floating LNG Project
He promised to remove all obstacles hindering its timely completion.
Meta’s Twitter-like Threads App Will Not Launch in Europe
The app is seen as the biggest challenge yet to Twitter since the takeover by Elon Musk sent the social media platform, hugely popular with politicians and celebrities, into chaos.
Oramah: AfreximBank’s Payment System Will Fill the Void of a Unified African Currency
He said Africa was losing as much as $5 billion yearly because such a payment system does not currently exist.
EU Court Deals Blow To Meta In German Data Case
The German watchdog barred Meta from mixing personal data gathered on Facebook with details harvested from Instagram or WhatsApp
Naira Strengthens on I&E FX Window on Monday, Operators Rule Out Manipulation
The analysts explained that some of the trades were carried out at the lowest spot rates in transactions where companies sell to their subsidiaries.
NNPC Plans Charging Ports for Electric Vehicles in Filling Stations Across Nigeria
The Company is also currently working on a bio-diesel plant in Cross River State and has signed an agreement with Kebbi State for a bio-ethanol plant.
Bloomberg: World’s 500 Richest People Added $852bn to their Fortunes in H1, 2023
The report stated that while Elon Musk and Mark Zuckerberg flirt with scheduling a cage match, Tesla Inc’s chief executive officer came out on top in dollar terms.
Facebook Owner Meta Launching New App To Rival Twitter
Threads, which will be linked to Instagram, is described as a “text-based conversation app… where communities come together.”
Tinubu Assures Business Investors Of His Government’s Policy Consistency
He reiterates Nigeria’s readiness for business as Shell delegation applauds President’s positive reforms.
Artificial Intelligence and the Future of Work
ARISE Business Correspondent Abisola Owolawi explores the breakthroughs of some forward-thinking founders.
Zenith Retains Top Spot as Nigeria’s Number One Bank By Tier-1 Capital For 14 Straight Years
“The ranking attests to our resilience as an institution despite a very challenging macroeconomic environment and global headwinds.”
Nigeria’s Increasing Crude Oil Production Reduces OPEC’s Declining Outputs
At a price of $70 per barrel, it means Nigeria, between January and May 2023, lost a $5.6bn due to underproduction of its crude oil quota.
Elon Musk Restricts Unverified Twitter Users To Reading 600 Tweets Daily
The move seeks to tackle issues around “data and systems manipulation”, he said.
Nigeria’s Independent Marketers Deny Alleged Plan to Hike Petrol Price to N700
A coalition of Civil Society Organisations said it would resist the planned increase in the price of petrol being allegedly worked on by IPMAN.
Nigeria: FIRS Set to Implement New VAT Filing Procedures for Importers, Suppliers
TaxPro-Max enables seamless registration, filing, payment of taxes, and automatic credit of withholding tax as well as other credits to the taxpayer’s accounts.
Nigeria: Regulator Empowers Telecom Companies To Deactivate Inactive Subscribers
They can recover lines if dormancy persists for another 6 months.
First Transshipment Vessel To Berth In Nigeria Arrives Lekki Port
Lekki Port with its state of the art ship-to-shore cranes and sophisticated scanners is poised to position Nigeria as the preeminent transshipment hub of West Africa.
With $15.6bn Wealth, Bloomberg Rates Aliko Dangote Richest Man in Africa
He was the only Nigerian on the list of the top 500 billionaires in the world.
Tinubu: I Unified Foreign Exchange Rate To Save Nigeria From Financial Crisis
“I could afford to share the benefit by participating in the arbitrage, but God forbid! That’s not why you voted for me.”
Financial Derivatives Warns of Repercussions If Nigeria’s Oil Production Shortfall Continues
Nigeria has been unable to meet its OPEC crude oil allocation of 1.74 million barrels per day, only drilling between 1 million barrels and 1.3 million this year.
