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Exclusive Reports

02
Thu, May

Chipper Cash Now Africa’s Most Valuable Startup

Africa FinTech company, Chipper Cash has been reported to be the leading and Africa's most valuable FinTech company after SVB Capital, an investment arm of U.S. high-tech commercial bank, Silicon Valley Bank invested in the company and this has helped the startup raise $100 million in a Series C round.

National Assembly Kicks Against Transfer of Electricity Debts, Tariff Increase

The House of Representatives expressed its disapproval of the transfer of electricity debts from old to new residential or commercial customers. This was contained in a motion titled: "Need to Investigate Transferred Debts Incurred by Old Electricity Customers to New Users by Distribution Companies in Nigeria."

Okonjo-Iweala Appoints 4 WTO Deputy Directors-General

Dr. Ngozi Okonjo-Iweala, Director-General of the World Trade Organisation (WTO) has announced the appointment of 4 Deputy Directors-General. This was disclosed in a statement titled: "DG Okonjo-Iweala announces her 4 Deputy Directors-General".

NUPENG Threatens Nationwide Strike Over Attack On NLC Protesters In Kaduna

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has said it may embark on a nationwide industrial action over the attack on members of the Nigerian Labour Congress (NLC) protesting in Kaduna State. This was made known by the National President of NUPENG, Williams Akporeha, saying all NUPENG members should be on alert as services may be shut “at very short notice if situation arises”.

Nigeria Set To Boost Trade Relations With Spain – Seriki

The newly appointed Ambassador of Nigeria to Spain, Chief Ademola Seriki has promised to boost the country’s trade relations with Spain. Seriki was until his appointment as Nigeria’s Ambassador to the Kingdom of Spain by President Muhammadu Buhari, the Chairman of the Governing Board of the Corporate Affairs Commission.

Buhari Travels To France For African Finance Summit

President Buhari departed Abuja to France on Sunday for a four-day official visit to attend the African Finance Summit. The event will be hosted by the French President, Emmanuel Macron with other Heads of Government and major stakeholders scheduled to attend.

Blackout: NNPC To Set Up Gas Power Plant In Maiduguri

The Nigerian National Petroleum Corporation (NNPC), in collaboration with other companies, has concluded a plan to establish a gas power plant to address the power outage in the state capital and its environs.

INSURGENCY: G7 Nations Pledge £276 Million Assistance For North-East Nigeria

The G7 Countries comprised of wealthy nations including (Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States” have promised £276 million ($389 million) assistant for millions of people affected by the Boko Haram insurgency in North-Eastern Nigeria. According to a statement by the UK High Commission in Nigeria, Catriona Laing, Britain is leading the coordinated effort by the G7 nations to provide humanitarian assistance this year to the region which is most impacted by the insurgency.

Banks, MTN Reach Agreement, Restore USSD Services

Deposit Banks in Nigeria have lifted the ban placed on MTN subscribers, restricting over 75 million customers from recharging their lines using the Unstructured Supplementary Service Data (USSD) following an intervention by the Minister of Communication and Digital Economy, Dr. Isa Pantami, and the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele. Banks had on Friday blocked MTN subscribers, leaving millions unable to recharge their lines or data plans with Easter celebrations days away.

NPA Investigation: Buhari Suspends Hadiza Usman As MD

President Muhammadu Buhari has directed the managing director of the Nigerian Ports Authority (NPA), Hadiza Bala Usman to step aside as MD pending an unfettered investigation into NPA. This was disclosed in a statement by presidential spokesperson, Garba Shehu on Thursday, saying the suspension followed a recommendation by the Minister of Transportation, Rotimi Amaechi who recommended an administrative panel of inquiry to be set up to investigate the management of the NPA.

Nigerian Customs Raises Alarm Over Smuggling Of Rice With Donkeys and Camels

The Comptroller General of the Nigeria Customs Service (NCS), Strike Force Unit has informed that smugglers now make use of Cattle, camels, vehicles fuel compartment, used tyres, and booths to smuggle rice and other dangerous goods into the country. The service also said it raised debit notes worth N1 billion from importers, Shippers, and clearing agents in the last three months. Speaking on Wednesday, the Officer In charge of the unit, DC Ahmadu Bello Shuaibu, said the amount generated would have been lost to smugglers, fraudulent importers and clearing agents who under-declared their cargoes at the seaports.

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