Nigeria has formalised plans to develop an electric vehicle manufacturing plant through a partnership with South Korea’s Asia Economic Development Committee, setting out a phased approach to local production. The…
Browsing: Nigeria
Nigeria’s satellite internet market is preparing for a major new entrant. Amazon has received a seven-year landing permit from the Nigerian Communications Commission (NCC). The approval clears Project Kuiper to…
Apple Pay has returned to Nigeria with a renewed focus on in-person payments, four years after its initial entry through Paystack’s online checkout. Nomba, the Nigerian fintech formerly known as…
Picture by IT chronicles In a positive spin for Africa’s financial technology ecosystem, Nigerian startup Hizo has successfully secured $100,000 in seed funding to enhance its operations aimed at simplifying…
Nigerian leaders expressed their condolences following the tragic death of Herbert Wigwe, CEO of one of the country’s largest banks, in a helicopter crash in Southern California’s Mojave Desert. Alongside…
MultiChoice has reached a settlement agreement of 35.4 billion naira (equivalent to R475 million) with Nigerian tax authorities following a dispute over alleged outstanding taxes totaling 1.8 trillion naira. At…
Nigeria anticipates a substantial increase in revenue collections this year as it implements plans to revamp its tax system, yielding positive results. The Federal Inland Revenue Service projects a 57%…
The World Bank has revised its growth outlook for Nigeria, foreseeing a robust expansion of 3.3 percent in 2024, according to its Global Economic Prospects report for January 2024. The…
Nigeria-based Riverside LNG revealed it is in talks to export gas to South Africa, which would represent the inaugural energy deal between the nations. Riverside, boasting Africa’s largest gas reserves,…
Nigeria is unlikely to fulfill its own targeted 1.58 million barrels per day production level in 2024, according to projections by two consultancies tasked by OPEC+ to independently verify output…
