EntertainmentTechnology

Gamic Guild is set to introduce gamers to blockchain gaming by hosting “Gameathon”

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July 28, 2022
Lagos, Nigeria – Gamic Guild is set to introduce gamers to blockchain gaming by hosting “Gameathon”, the biggest play-to-earn video game tournament in Africa. Gamic Guild is the largest play-to-earn gaming guild in Africa, currently creating multiple economic earning opportunities for gamers through playing blockchain games. Gameathon is an Esports tournament created to connect millions…
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Markets

Nigeria’s foreign, domestic debts unsustainable- NACCIMA

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July 28, 2022
Nigeria’s total foreign debt as at March, this year stood at $40 billion, increasing from $38.4 billion last December; domestic debt also rose from N23.7 trillion to N25 trillion within the same period. Such levels of debt, the Nigerian Association of Chambers of Commerce…
Markets

Naira devalue from #700 to $1

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July 28, 2022
The  naira has weakened to new low of N700/$1 at the parallel market as dollar demand pressure from retail end users persists. The naira closed last week at N630/$1 and has stayed within the N620/$1 band for weeks before the current low. Findings showed that although many black market dealers are asking for between N700 and N710/$1, actual transactions have stayed within N700/$1 band. But Abudul…
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Economy

FAAC allocation increases to 18%, FG, states share N802bn

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July 27, 2022
The federal, state and local governments shared N802.407bn as federation allocation for the month of June, 2022. This represents 18 per cent increase from N681bn shared in May. The sharing decision was reached at Federation Account Allocation Committee (FAAC)’s meeting…
Banking

Yolanda Gampp to train bakers in Lagos

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July 27, 2022
Famous Baker and cake designer, who runs the popular YouTube Channel ‘How to cake it’ Yolande Gampp from Toronto, Canada, top Nigerian bakers in Diaspora and bakers in Nigeria will facilitate sessions at Bakers’ seminar in Lagos slated for September 5-7 at the Eko Convention Centre, Eko Hotel and Suites. The Convener Dewdrops Uncut Learning and CEO Dew Drops Cakes, Mrs Ezinne Okonkwo, stated…
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Technology

5G: Ericsson acquires Vonage

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July 27, 2022
Ahead of the rollout of the fifth generation (5G) technology by MTN Nigeria and Mafab Communications, Ericsson has completed its acquisition of Vonage Holdings Corp supporting its strategy to leverage technology leadership to grow its mobile network business and expand into…
Banking

Nigeria’s growth prospect retain 3.4% under IMF

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July 27, 2022
The International Monetary Fund (IMF) has retained projected economic growth of 3.4 per cent for Nigeria in 2022. The Washington-based institution disclosed this on Tuesday in its World Economic Outlook (WEO) for July 2022 entitled, “Gloomy and More Uncertain”. At its…
Banking

Ecobank extends remittance services to business accounts

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July 27, 2022
Ecobank Nigeria has extended its innovative remittance services to its business account holders. This implies that Business Account holders can receive funds sent through Ecobank Rapidtransfer or any of its Remittance franchise partners through the Business to Business (B2B), Business to Customer (B2C) and Customers to Business (C2B) transaction types into their business accounts. The bank is also…
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