Saturday, October 5

Business

W’Bank partners ministry on maritime sector development

The World Bank Group has expressed its desire to partner with the Ministry of Marine and Blue Economy to develop Nigeria’s maritime sector. Announcing this in a statement on Wednesday, an aide to the Minister of Marine and Blue Economy,…

Court hears Barbican, FBN N5.4bn shares dispute Oct 21

A Federal High Court in Lagos has fixed October 21, 2024, for the hearing of pending applications in a suit filed by an investment firm, Barbican Capital Limited against First Bank of Nigeria Holdings Plc over the alleged disputes of…

Tron Network posts record 7M revenue in Q3 

The Tron network has posted record quarterly revenue largely driven by increasing stablecoin activity and an effort to capture a slice of the growing memecoin market. Read the full article here

NNPC portal shutdown delays petrol supply – Marketers

Oil marketers have said that the Nigerian National Petroleum Company Limited portal used to purchase petrol has been shut against dealers, making it impossible for them to apply for the commodity purchase. They said marketers are still awaiting over 90…

FG removes VAT on diesel, cooking gas, others

The Federal Government has introduced tax exemptions on key energy products and infrastructure as well as fiscal incentives for the upstream and downstream oil and gas sector. The development, the government said, was in “its avowed determination towards ensuring a…

OpenAI feels competitors breathing down its neck

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Microsoft chief executive Satya Nadella expressed a common view in the tech industry when he said recently that large language models, the…

SEC files appeal in Ripple lawsuit

The Securities and Exchange Commission first filed the lawsuit against Ripple Labs and both its founders in December 2020. Read the full article here

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