About 48 million of Nigeria’s crude oil Barrels that were stolen and sold in China at about $2.4 billion dollars has sparked a protest at the premises of the legislative arm of the country. Nigeria is known for persistent crude oil theft. The organised crime cannot be undertaken by people outside corridors of power…
Liquid Intelligent Technologies, a leading pan-African technology group has signed a Memorandum of Understanding (MOU) with the Government of Zambia to accelerate the country’s digital transformation and provide reliable and affordable connectivity to all Zambians. The agreement builds on Liquid’s already extensive investments made since it opened its doors in Zambia in 2011. In the…
The South Sudan Minister of Finance, International Monetary Fund (IMF), Africa Energy Investment Corporation (AEICORP) and Trade & Development Bank (TDB) have struck a deal during the country’s Oil and Power Summit. Finance leaders at the sixth edition of the South Sudan Oil & Power conference put investment in East African energy projects top of…
World’s leading Engagement Banking platform provider, Backbase will hold its Tour in South Africa, Johannesburg for the first time. The single-day conference at the Four Seasons Hotel The Westcliff will include visionary keynotes, expert-led discussions, and networking sessions with banking and fintech leaders. On 16 May, around 150 banking and fintech professionals representing retail banking,…
The China Development Bank is now the financier for the $22.7bn Kaduna – Kano Rail Project in North Western Nigeria. The project was initially meant to be funded by the China Exim Bank which later rescinded its decision to provide the funds. But the Senate in its resolution on Tuesday approved the engagement…
Electric carmaker Tesla has been directed by the court to pay almost $3.2m (£2.6m) to a black ex-employee after he won a racial harassment lawsuit. Owen Diaz, who worked as a lift operator from 2015 to 2016 at its Fremont factory, was found to have been subjected to a racially hostile work environment. However, the…
The UK’s data watchdog, the Information Commissioner’s Office (ICO), has fined TikTok £12.7m for failing to protect the privacy of children under the age of 13. The investigation found that the video-sharing site allowed up to 1.4 million UK children under the age of 13 to use the platform without parental consent, which violated its…
Brent crude oil prices surged above $84 a barrel on Monday, rising more than 5% in response to an unexpected announcement from OPEC+ oil producers that they would be cutting output by more than one million barrels of oil per day. This move was made by Saudi Arabia, Iraq, and several Gulf states, and was…
Brighter Futures programme, an initiative supported by the UK government, has launched the Thrive Online campaign, as part of efforts to curb the rising tide of cyber-related crimes in Nigeria. The initiative also launched the Cancel Cultist campaign aimed at reducing cultism and other forms of serious organized crime in Nigeria. The Thrive…
The Federal Government of Nigeria has granted contracts worth N24.20 billion to provide free internet broadband services in 75 public places, including 20 airports, universities, and markets throughout the country. Professor Isa Ali Pantami, the Minister of Communications and Digital Economy, announced this after the federal executive council meeting chaired by President Muhammadu Buhari at…
