Emirates Airlines to Resume Flights to Nigeria on October 1, 2024
Emirates Airlines has announced it will resume daily flights between Lagos and Dubai starting October 1, 2024. This service will be operated using a Boeing 777-300ER aircraft. Adnan Kazim, Emirates’ Deputy President and Chief Commercial Officer, expressed the airline’s enthusiasm for resuming operations in Nigeria. “We are excited to resume our services to Nigeria.” The […]
Again, Internet Connectivity Disrupted Across East Africa Due to Sub-Sea Cable Cut
Internet connectivity suffered a significant setback across several East African nations on Sunday, attributed to faults detected in the East African Submarine Cable System (EASSy) and SEACOM cables, as reported by Internet monitoring groups NetBlocks and Cloudflare. NetBlocks, in a post on X, detailed the impact, indicating that Tanzania and the French Island of Mayotte […]
Binance Stands Firm on Allegations of Bribery by Nigerian Officials
Binance, the cryptocurrency platform, has reiterated its assertion that certain Nigerian officials demanded a sum of money from them to resolve their case with the Nigerian government. Responding to calls for the disclosure of the individuals behind the alleged bribery attempt, Binance maintained its position while addressing demands for clarity on the issue. In an […]
Binance CEO Accuses Nigerian Govt Officials of Bribery Attempt Amid Investigation
Allegations of bribery have surfaced as Richard Teng, the Chief Executive Officer (CEO) of Binance, claimed that Nigerian government officials sought a bribe from the company to halt an ongoing investigation. In a blog post published on Tuesday, Teng disclosed that Binance had encountered government officials in Abuja on January 8, where the company was […]
CBN Eases Forex Repatriation Restrictions for International Oil Firms
The Central Bank of Nigeria (CBN) has announced a relaxation of its previous restrictions on the repatriation of foreign exchange proceeds by international oil companies (IOCs) operating in the country. In a circular dated May 6, 2024, signed by Hassan Mahmud, the Director of the Trade and Exchange Department, the CBN disclosed that oil firms […]
CBN Directs Banks to Implement 0.5% Cybersecurity Levy on Transactions
The Central Bank of Nigeria (CBN) has issued a directive instructing deposit money banks (DMBs) and other financial institutions in the country to commence the implementation of a 0.5% cybersecurity levy on electronic transactions. In a circular dated May 6, 2024, addressed to all commercial, merchant, non-interest, and payment service banks, as well as mobile […]
VP Shettima’s Faulty Aircraft Forces Change in Plans for US-Africa Business Summit
Vice President Kashim Shettima, initially slated to represent President Bola Tinubu at the 2024 US-Africa Business Summit hosted by the Corporate Council on Africa, faced an unexpected detour due to a technical fault with his aircraft. Scheduled to convene from May 6 to May 9, 2024, the high-profile summit at the Kay Bailey Hutchison Convention […]
VP Shettima Heads to US for 2024 US-Africa Business Summit
Vice President Kashim Shettima has embarked on a diplomatic mission to Dallas, United States of America, to represent President Bola Tinubu at the 2024 US-Africa Business Summit hosted by the Corporate Council on Africa. The summit, a premier event for fostering economic partnerships between Africa and the United States, will see the participation of political […]
Nigeria Set to Commence Local Automobile Production, Says Minister
Nigeria is poised to kickstart local automobile manufacturing operations before the year’s end, according to Doris Uzoka-Anite, the Minister of Industry, Trade and Investment. Speaking at a gathering of the African Association of Automotive Manufacturers and the Nigerian Automotive Manufacturers Association in Abuja, Uzoka-Anite affirmed the availability of funds to bolster the nation’s automotive industry, […]
Apple’s Revenues Dip by 4% as iPhone Sales Decline Globally
Apple reported a decline in iPhone sales across nearly all global markets, except for Europe, in its latest quarterly results. The tech giant disclosed that demand for its smartphones dropped by over 10% in the first quarter of this year, with decreases seen in every region except Europe. Overall, Apple’s revenues dipped by 4% to […]
