Real estate development activities in Lagos, the country’s commercial hub, plunged by 14 per cent in 2022 as a result of heightened election uncertainty, currency challenges and inflation, an Intel report said.
The report titled “Lagos Real Estate Development Pipeline Report” disclosed that despite its volatility, the real estate market has remained resilient with bright spots emerging…
Telecommunications company, MTN Nigeria, has proposed a merger of its two finance subsidiaries; Momo Payment Service Bank Limited and Yello Digital Financial Services Limited.
This was revealed in its proposed resolutions for its 2023 Annual General Meeting scheduled to hold…
New Zealand will ban Chinese-owned social media app TikTok from lawmakers’ devices, officials told AFP Friday, becoming the latest Western nation to act on security fears about the platform.
TikTok will be banned on all devices with access to the parliamentary network…
Less than a month after hitting N30 trillion in market capitalization, the Nigerian Exchange Limited has suffered N313bn loss to dip to N29.915 trillion.
The market cap dropped by 1.04 in percentage terms, the same percentage as the All Share Index, which dropped 574.59 basis points to settle at 54. 915.61.
In terms of exchanges, a total of 137,286,570 volume of shares worth N1.509bn were traded…
The Federal Government has commenced steps to install $8m (about N3bn) 1x60MVA, 132/33KV transmission sub-station in Oro in the Irepodun Local Government Area of Kwara State.
The project is expected to transform the lives of the people of Oro in particular and the entire…
Microsoft on Thursday announced a new Artificial Intelligence-powered Copilot for its Microsoft 365 apps and services. The AI-powered Copilot is designed to assist users with generating documents, emails, presentations, and much more.
Today, we are bringing the power of…
The Lagos State Police Command has arraigned a fraud syndicate comprising eight men before the Federal High Court in Lagos for allegedly hacking into the server of an electronic platform, ITEX Integrated Services Limited, and stealing N435.3m.
The defendants including Aderuku Adedayo, Adigun Benjamin, Awopetu Tosin, Ajibade Ayomide, Ojo Olwaseun, Miller Oluwafemi, Olaleye Samuel and Ajibade…
The Central Bank of Nigeria (CBN) has barred agents from using Point of Sale (PoS) terminals meant for merchants to carry out cash-in and cash-out transactions.
The apex bank disclosed this in a circular announcing the Exposure Draft of the Regulatory Framework for Agent…
Rising inflation and a shortage of currency reduce the demand for smartphones
March 16, 2023
Rising inflation and shortage of foreign currency led to a 32.1 per cent decline in Nigeria’s smartphone market in the fourth quarter of 2022, a new market analysis by International Data Corporation has disclosed.
According to the market intelligence firm, Africa’s…
Facebook owner Meta announced a fresh wave of job cuts on Tuesday, part of what CEO Mark Zuckerberg called the company’s “year of efficiency” as the US tech sector continues to downsize.
In an email to employees, Zuckerberg said Meta would shed 10,000 jobs over the next few months, targeting middle management, and that 5,000 other roles would remain unfilled. The cuts follow a cull of…