Sunday, June 28

Business

Stablecoins and Public Ledgers Flawed, Report Says

The Bank for International Settlements (BIS) warned that the rapid expansion of stablecoins risks fragmenting the global monetary system and weakening sovereign monetary control, urging central banks and the financial industry to accelerate the development…

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NRS launches REV360, marks transition to digital tax administration

The Nigeria Revenue Service (NRS) has officially announced the Go-Live of Rev360, its next-generation tax administration platform, to mark a significant transition to Tax Administration 3.0. PREMIUM TIMES earlier reported NRS’s plan to launch Rev360, a platform that introduces a…

UniCloud Africa, OADC expand cloud, AI infrastructure

UniCloud Africa and Open Access Data Centres have announced a strategic partnership to scale sovereign cloud and artificial intelligence infrastructure across the continent in a move aimed at strengthening Africa’s digital independence and reducing reliance on offshore data systems. Under…

Tinubu appoints new special adviser on power

President Bola Tinubu has appointed Lanre Babalola as the Special Adviser to the President on Power and Chairman of the Presidential Task Force on Power Sector Reset and Restoration. The appointment was announced in a statement issued on Thursday by…

‘Africa central to global AI economy’s future’

Nigerian business leader and Chief Executive Officer of ELIN Group, Dr Elizabeth Jack-Rich, has positioned Africa as central to the future of the global Artificial Intelligence economy. She argued that the continent’s resource base and industrial potential will play a…

NNPC completes critical OB3 River Niger pipeline crossing

The Nigerian National Petroleum Company Limited has completed the long-anticipated River Niger crossing of the Obiafu-Obrikom-Oben gas pipeline, unlocking a critical segment of the country’s gas transmission network and paving the way for increased supply to power plants and industries.…

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