Meta has removed approximately 63,000 Instagram accounts and 7,200 Facebook assets linked to Nigerian financial sextortion scams. This move targets cybercriminals known as “Yahoo Boys” and follows a report revealing the extent of these fraudulent activities. Meta's crackdown is part of its...
Netflix has increased its subscription fees in Nigeria, with the Premium Plan now at N7,000 per month, up from N5,000. The Standard Plan also saw a rise to N5,500. This marks the second price adjustment in three months, reflecting broader trends in the streaming industry.
Netflix has announced...
Nigerians spent $38.17 million on foreign education in Q1 2024, an 83% drop from 2023, per CBN data. Factors include economic challenges and new forex regulations. Despite this, Q1 2024 saw a 54% increase from Q4 2023. Stringent measures on forex purchases for education and medical expenses are...
In June 2024, Nigeria saw a surge in food prices with headline inflation reaching 34.19%. Essential items like beans, tomatoes, and yam saw dramatic increases, prompting the government to introduce a 150-day duty-free import window for key foodstuffs to stabilize prices and enhance food...
NNPC CEO Mele Kyari denies owning a fuel blending plant in Malta and challenges Aliko Dangote to reveal the NNPC personnel involved. Dangote accuses NNPC workers of importing substandard petrol from Malta, while Kyari insists on transparency and sanctions for any involved employees
In a recent...
Gabon’s President Brice Oligui Nguema invites Aliko Dangote to invest in the nation’s cement and fertilizer sectors, aiming to enhance infrastructure and agricultural productivity. Dangote Industries' potential investment aligns with their strategic vision for sustainable development in Africa...
Ngozi Okonjo-Iweala, director-general of the World Trade Organization (WTO), has garnered support from 58 member countries for a second term. The African Group has proposed her reappointment, praising her achievements during her first term. Okonjo-Iweala, grateful for the support, will soon...
Femi Otedola has voiced his support for Aliko Dangote amid a dispute with federal officials, stressing the importance of backing Dangote’s industrial achievements for Nigeria’s economic independence. Otedola argues that supporting such visionaries is vital for national development and economic...
The Central Bank of Nigeria (CBN) has raised its key interest rate by 50 basis points to 26.75% amid economic pressures. This move, announced by CBN Governor Olayemi Cardoso, is part of ongoing efforts to stabilize inflation and the foreign exchange market, despite concerns from the business...
Akinwumi Adesina condemns the Dangote/NNPC dispute, calling it detrimental to Nigeria's investment prospects. He argues that undermining major investors like Dangote harms the country’s economic future and deters potential investment. Adesina emphasizes the need to support local industries and...
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