The Chief Executive Officer of one of the leading cryptocurrency platforms in Nigeria, NoOnes, Ray Youssef, has revealed that peer-to-peer popularly known as P2P is probably like $500bn business in Nigeria alone. Youssef said this in an interview with Techpoint Africa on the heels of an imminent ban on cryptocurrency in the country. Speaking on […]
Changpeng Zhao, the founder and former chief executive of the Binance cryptocurrency exchange, has been sentenced to four months in jail after he pleaded guilty to a money-laundering violation. He was sentenced in U.S District Court in Seattle, as all the efforts of his lawyers to put him on probation without any prison time crashed. […]
APM Terminals, Nigeria largest logistics terminals, says it has concluded plans to invest over $500 million in the upgrade of the nation’s port facilities. It said this is outside the $600 million it injected in the acquisition of equipment, including trucks, container cranes as well as advanced operational controls, digital interfaces, and extensive training of […]
Danish shipping and logistics company, A.P Moller-Maersk, has avoided comments on a supposed investment in Nigeria’s seaport infrastructure totalling $600 million. Last Sunday, President Bola Tinubu and the company’s Chairman, Robert Uggla, held closed-door talks on the sidelines of the World Economic Forum Special Meeting in Riyadh, Saudi Arabia. In a statement by Tinubu’s spokesperson, Ajuri […]
A Federal High Court in Abuja yesterday ordered the stoppage of the planned increase in DStv and GOtv subscription prices by Multichoice Nigeria Limited. Daily Trust had reported that the Pay-TV operator, Multichoice Nigeria Limited, had last week announced another price increment across its DStv and GOtv packages effective May 1, 2024. The company attributed […]
THE Nigeria National Petroleum Company Limited (NNPC Ltd) has said the tightness in the supply of Premium Motor Spirit (NNPC Ltd) has said the tightness in the supply of Premium Motor Spirit (PMS) currently being experienced in some areas across the country is as a result of logistics issues which have been resolved.) currently being […]
StarTimes has secured the non-exclusive broadcast rights for the Spanish topflight league, LaLiga EA Sports and LaLiga Hypermotion, for the next five seasons. LaLiga EA Sports is the premier football league in Spain and is considered one of the top professional leagues in the world, featuring 20 teams. Each season consists of 38 rounds with 10 […]
MRS Oil Plc has slashed the price of Automotive Gas Oil popularly known as diesel to N1,050 per litre across its outlets nationwide. This was disclosed in a flier prepared by the oil firm now trending online. The slash in price from as high as N1,700 in some filling stations last month was said to […]
Nigerian Government aims to attract about $10 billion worth of investment by signing the consolidated guidelines for implementing Fiscal Incentives for the Oil & Gas Sector. A statement on Tuesday by the Ministry of Finance explained that the guidelines, a cornerstone of the Presidential Directives, are aimed at enhancing the Nigerian oil & gas sector’s […]
Oil marketers have continued to dispense Automotive Gas Oil, popularly called diesel, at a price between N1,350/litre and N1,450/litre in various locations across the country despite repeated cuts in the price of the commodity by the Dangote Petroleum Refinery. Although they attributed the high pump price of AGO to transportation costs, taxes and old stock […]