Afreximbank, APPO, launch African Energy Bank in Angola

The African Export-Import Bank, Afreximbank, and the African Petroleum Producers Organization, APPO, who have had a long, mutually beneficial relationship, have signed an agreement for the joint establishment of an…

AfDB approves $1.5bn facility to avert food crisis in Africa

The African Development Bank, AfDB, has approved a $1.5 billion facility to help African countries avert a looming food crisis. With the disruption of food supplies arising from the Russia-Ukraine…

JUST IN: Tension as Dollar hits N610 to naira at parallel market

From N588 per dollar on May 8, the naira tumbled against the dollar over the past two weeks, hitting the all-time high of N610 on Sunday, Iwitnesslive can report. According…

FG introduces new tax on telephone calls

The Federal Government has slammed a new tax on phone calls in the nation to fund free healthcare for the Vulnerable Group in Nigeria. This is despite recent moves by…

Elon Musk loses $69 billion within 5 months as Tesla stock tumbles

Elon Musk’s wealth – and Tesla’s stock – took a huge hit on Friday, continuing a downward spiral and possibly jeopardizing the billionaire’s acquisition of Twitter.   According to the…

Telcos add 1.4m subscribers in March as active mobile subscriptions hit 199.5 million

Despite the ban imposed on SIM cards not linked to NIN by the Federal Government, mobile telecommunications companies still added 1.4 million new subscribers in March alone to take the…

MTN share market value reaches N5.50 trillion

MTN Nig Plc’s market capitalization has risen from N5.20 trillion to N5.50 trillion after its share price appreciated by 5.68% to close at N270 per share on Thursday. This comes…

Spain fines Google 10 million euros for breaching data protection law

The Spanish Data Protection Agency (AEPD) has imposed a penalty of ten million euros on Google for transferring data to third parties without a legal base to do so and…

MTN, Dangote, others record bumper revenue amid hunger in Nigeria

MTN Nigeria is the company with the highest revenue in the first quarter of 2022 as the country’s big corporations recorded bumper income to the tune of N2.33 trillion in…

World Bank to invest $30bn in Nigeria’s agric sector

The World Bank has said it will disburse a total of $30bn to fund existing and new projects in Nigeria and other countries as part of a global response to…