African Crypto Exchange Platform, MARA Raises $23M
MARA, launched yesterday and announced $23 million in funding from Coinbase Ventures, Alameda Research (FTX), Distributed Global, TQ Ventures, DIGITAL,...
CBN Pegs Interest Rate At 13.5%; FG’s Planned Increase In Phone Call Tax Worries Telecos; NSIA’s Net Assets Grow To N919.7bn
The Central Bank of Nigeria has raised the benchmark interest rate to 13.5%, odunews.com reports. The monetary policy rate (MPR)...
Nigeria’s Broadband Penetration Rises To 42.27% In March; Agricultural Sector GDP Grows By 3.16% In Q1 2022
Nigeria’s broadband penetration rose to 42.27% in March this year from 40.8% it recorded in February, odunews.com reports. This was...
Nigeria Records 3.11% GDP Rise In Q1 2022 – NBS
The National Bureau of Statistics says Nigeria recorded a 3.11% increase in its Gross Domestic Product for the first quarter...
Embrace E-naira As Naira Notes Will Be Out Of Circulation Soon – CBN
The Central Bank of Nigeria has tasked Nigerians to embrace e-naira notes as the paper currency will soon be out...
Twitter Suspends 500,000 Spam Accounts As Musk Pauses $44b Takeover Deal
Microblogging platform Twitter says it has suspended 500,000 fake accounts, odunews.com reports. In addition to this, Twitter said millions of...
Naira Exchanges For ₦600 Per Dollar At Parallel Market
The Naira has further fallen to 600 naira per dollar at the parallel market, odunews.com can confirm. The figure represents...
We’re Yet To Approve New Electricity Tariff – NERC
Nigerian Electricity Regulatory Commission has not reviewed tariff rates in recent times. “The last tariff review was approved on December...
NCC Clears The Air On Planned Tariff Increase By Mobile Operators
The Nigerian Communications Commission has taken note of the expectation that people are feeling because MNOs are asking for a...
OPEC Raises Nigeria’s Crude Oil Production Quota by 19,000b/d
Nigeria yesterday got the approval of the Organisation of Petroleum Exporting Countries (OPEC) to increase its crude oil production quota...
CBN To Simplify E-Naira Wallet For Users
The Central Bank of Nigeria (CBN) has said it will build an ecosystem allowing everyone easy access and use of...
CBN Cautions Banks on Transactions Linked With Benin Republic
The Central Bank of Nigeria (CBN) has cautioned banks over transactions with customers and businesses linked to the Benin Republic...
Telcos Demand 40% increase in Data, SMS, Voice Call Tarriffs; NCC, Expert Reacts
Reliable sources said it was due to the high cost of diesel to operate their businesses, incessant harassment, and frivolous...
MTN, GLO, Airtel, 9Mobile To Increase Charges on Call, Data By 40%
Mobile service providers under the Association of Licensed Telecommunication Operators of Nigeria, ALTON have recommended a 40% increase in the...
How A Chinese Carrier Sailed Through Taiwan Strait Hours Before Biden-Xi Call
A Chinese aircraft carrier sailed through the sensitive Taiwan Strait on Friday, Taiwan’s Defence Ministry said, just hours before the...
MC Oluomo Reacts To NURTW’s Query, Says He Hasn’t Done Anything Wrong
The Lagos State Chairman of the National Union of Road Transport Workers, Musiliu Akinsanya, aka MC Oluomo, has refuted claims...
How Motor Insurance Service Lost N160bn To Fraudsters
Despite efforts by the insurance industry to ensure that motorists carry genuine motor insurance policies, huge number of vehicles have...
Russia-Ukraine War: Fuel Scarcity Continues In Nigeria As Oil Vessels Are Stuck On Sea
The ongoing war between Russia and Ukraine may further prolong the over three-week scarcity of Premium Motor Spirit, popularly called...
MC Oluomo Queried By NURTW
The national body of the National Union of Road Transport Workers (NURTW) has queried the Lagos State Council Chairman, Alhaji...
EU Prepares To Freeze Vladimir Putin, Sergei Lavrov’s Assets
The EU is preparing to freeze the assets of Russia’s president Vladimir Putin and foreign minister Sergei Lavrov as part...