Elon Musk reacted with shock after a Cybertruck explosion outside the Trump International Hotel in Las Vegas. The incident, which resulted in one death and multiple injuries, has sparked widespread discussion. Musk assured the public that Tesla's senior team is investigating the cause and will...
The Association of Telecommunications Companies of Nigeria (ATCON) has called for an increase in call tariffs by Q1 2025 to help telecom operators improve service quality and address the impact of currency depreciation on infrastructure. The move aims to ensure the sustainability and growth of...
The Nigerian Naira appreciated to N1,650 per dollar in the parallel market on December 31, 2024, from N1,655 the previous day. In the official market, the currency strengthened to N1,535 per dollar. The Central Bank of Nigeria plans policy changes to reduce the gap between the parallel and...
Elon Musk, owner of X, has changed his display name to "Kekius Maximus," coinciding with a surge in the blockchain token Kekius Maximus (KEKIUS). The token has gained 107% in value within 24 hours. This move has sparked speculation about Musk's influence on cryptocurrency trends and online...
First Bank of Nigeria has dismissed 100 senior executives as part of a 2025 restructuring plan under new MD Olusegun Alebiosu. Chairman Femi Otedola leads the shakeup, targeting leadership renewal. High-profile exits include Folake Ani-Mumuney and others, amid allegations of financial misconduct...
Mele Kyari, GCEO of NNPC, has announced that the Warri Refinery is now operational, producing 125,000 barrels daily despite ongoing rehabilitation. While work remains, this marks significant progress in Nigeria’s refinery revitalization efforts, with stakeholders optimistic about the refinery's...
Nigeria receives a $1.5 billion loan from the World Bank to support fuel subsidy removal and tax reforms. The loan, disbursed in two tranches, strengthens the government's economic stabilization efforts. It follows a series of reforms, including deregulating the fuel market and submitting a tax...
Starlink is raising its Nigerian subscription fees to ₦75,000 monthly, effective January 27, 2025. The price increase comes ahead of an expected telecom tariff hike by the Nigerian Communications Commission (NCC). The move has faced criticism, as the new rates exceed Nigeria's minimum wage...
The Nigerian naira is projected to reach N1,804/$ in 2025, reflecting continued volatility despite rising foreign reserves. Afrinvest predicts modest depreciation due to market demand challenges. The 2025 budget assumes an exchange rate of N1,400/$, but the naira may stabilize with increased oil...
The Nigerian Communications Commission (NCC) has authorized MTN Nigeria to disconnect Exchange Telecommunications over unpaid interconnect charges. Despite being notified and given a chance to respond, Exchange failed to settle its debt. MTN will now use alternative channels for interconnection...
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