Uber quits Nigeria after 12 years of operation
After 12 years of operation, a global ride-hailing company, Uber, has announced plans to exit…
Uber quits Nigeria after 12 years of operation
After 12 years of operation, a global ride-hailing company, Uber, has announced plans to exit Nigeria, effective September 2, according to its statment on Wednesday. “We are writing to share some difficult news. After a thorough review of our business, we have made the tough decision to wind down our operations in Nigeria, effective 2…
AFC, Vision Invest approve $300m cash for WIOCC’s expansion
Africa’s leading carrier-neutral digital infrastructure platform, WIOCC Group, said it signed a Shareholder Subscription Agreement (SSA) with Africa Finance Corporation (AFC) and Vision International Investment Company (Vision Invest), through which the two investors will make a combined $300 million investment in the company. The investment comes at a pivotal moment for Africa’s digital development as…
Nigeria’s NSW processes ₦12b trade payments in 5 months
By Admin The National Single Window (NSW) project which commenced on March 27th, 2026 has processed over ₦12 billion for the Federal Government in five months from the first phase of its implementation. Minister of Industry Trade and Investment Dr Olajumoke Oduwole made this disclosure in Abuja on Wednesday. Oduwole said: “The NSW platform has…
Telecom now backbone of Nigeria’s digital economy, says Ndukwe
By Admin The GSM revolution has become a major driver of Nigeria’s economic development, supporting banking, commerce, education, healthcare and digital payments, Chairman, MTN Nigeria and former Executive Vice Chairman of the Nigerian Communications Commission (NCC), Dr Ernest Ndukwe, has said. In an interview, he said telecommunications has become essential to virtually every part of…
Customs generates N1.38tr, seizes smuggled goods worth N61.3b
The Nigeria Customs Service (NCS) says it generated N1.38 trillion in July and August while intercepting smuggled goods with a combined Duty Paid Value exceeding N61.3 billion. The National Public Relations Officer of the NCS, DCC Abdullahi Maiwada, disclosed this on in Abuja at the Joint Security News Briefing by security and law enforcement agencies….
Insurance is enabler, not always for what could go wrong, says SanlamAllianz
By Admin A risk bearing company, SanlamAllianz Nigeria, has said contrary to the belief that insurance all about mitigating what could go wrong about life, the industry is actually an enabler. Its Group Head, Strategy, Marketing and Customer Relations, Chris Ekwonwa, who spoke in Lagos during the launch of Proud Moments 2.0 campaign, said it…
Petrol imports must be tied to genuine gap, says CPPE
By Admin A group, Center for the Promotion of Private Enterprise (CPPE), has said any consideration for petrol importation must be to close a genuine and independently verified shortfall. Its Chief Executive Officer, Dr. Muda Yusuf, said while imports remains a legitimate contingency tool for refinery outages, seasonal demand spikes, quality gaps and strategic-stock replenishment,…
Dangote Refinery threatens to stop petrol sale to importers
By Admin with agency reports The Dangote Petroleum Refinery and Petrochemicals has threatened to stop premium motor spirit (PMS) or petrol sale from its plant to major marketers importing the product into the country citing concerns over product quality, market transparency and the integrity of products supplied under its brand. The measure could take effect…
Canada commits to deepening, diversifying economic ties with Nigeria
By Admin The government of Canada has pledged to deepen and diversify economic ties with Nigeria, adding that a lot has been about the extraordinary global growth of African music and the economic opportunity growing around it. Speaking at The Headies: Road to Toronto reception with the theme: Africa to the World, which took place…
