Kuda Technologies, the Lagos‑based neobank, has finally rolled out its long‑awaited cross‑border remittance service—three years after shelving its initial plans. Now, Nigerians abroad can send funds directly to bank accounts back home via Kuda’s new multi‑currency wallet, designed to hold and transfer funds in major currencies. According to a statement from founder and CEO Babs
In a significant shake‑up within Nigeria’s broadband landscape, new data from the Nigerian Communications Commission (NCC) reveals FibreOne has suffered a staggering 42 percent drop in active users – tumbling from roughly 33,010 at the end of 2023 to about 19,000 by the end of Q1 2025. This sharp decline, amounting to over 14,000 lost subscribers, marks
Abuja, July 8, 2025 — The Federal Government has revealed that over ₦4 trillion saved from the removal of petrol subsidies has been strategically redirected toward critical infrastructure development across the country. This disclosure was made on Monday by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, during a media
July 8, 2025 Lagos, Nigeria – Bullish momentum is expected to persist on the Nigerian Exchange Limited (NGX) this week as investors position ahead of the half-year (H1) earnings season, boosting optimism in the local bourse. Market analysts project that the rally, which gained traction in recent sessions, will continue as portfolio rebalancing accelerates and
July 8, 2025 Abuja, Nigeria – The Federal Government has set an ambitious revenue target of $25 billion through a strategic collaboration between Galaxy Backbone (GBB) and the Rural Electrification Agency (REA) aimed at expanding energy access to schools and hospitals across the country. The partnership, announced on Monday, seeks to leverage digital infrastructure and
Abuja, July 8, 2025 – Nigeria’s leading container terminal operator, APM Terminals, has unveiled plans to advance low-carbon logistics by electrifying its containerised trade, potentially unlocking $830 million in investment by 2030, creating skilled jobs, reducing CO₂ emissions, and improving power reliability and public health. The initiative was outlined in a white paper presented to Vice
Akure, July 8, 2025 — Governor Lucky Aiyedatiwa of Ondo State has formally invited collaboration with the National Agricultural Land Development Authority (NALDA) to expand mechanised farming, improve land access, and enhance food security across the state. The governor made this announcement during a courtesy visit by NALDA’s State Coordinator, Chief Olusola Ayandokun, at the
The Nigerian National Petroleum Company Limited (NNPC Ltd) has donated thirty-five (35) hybrid Compressed Natural Gas (CNG)-powered buses to the Presidential Initiative on Compressed Natural Gas (Pi-CNG), in a move aimed at accelerating Nigeria’s transition to cleaner, more sustainable fuel alternatives. At a symbolic handover ceremony held at the NNPC Towers in Abuja on Monday,
Nigeria’s equities market closed the first half of 2025 on a bullish note, with several listed companies across key sectors posting impressive returns and rewarding investors who made timely bets. From the agriculture and consumer goods sectors to telecoms and industrials, a handful of standout stocks on the Nigerian Exchange Limited (NGX) saw significant price
In a move aligned with the Federal Government’s broader economic and tax reform agenda, the Federal Inland Revenue Service (FIRS) has commenced the process of renegotiating Nigeria’s existing double taxation treaty with the Kingdom of the Netherlands. This development was confirmed by FIRS Chairman, Dr. Zacch Adedeji, who noted that the renegotiation seeks to ensure
