MultiChoice, Africa’s leading entertainment company, has announced an 18% decrease in DStv subscribers in Nigeria, citing the decline as a result of the country’s persistent economic difficulties. This notable decrease …
Business Policies
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AfricaAFRICA NEWSBusiness Policies
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The federal government of Nigeria has signed a $1 billion agreement for the development of five new power plants in the country to tackle the energy shortage. The deal, completed …
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AfricaAFRICA NEWSBusiness Policies
Bad Policies Have Shrunk South Africa’s Economy
by Editorby EditorSouth Africa’s economy is reeling from the impact of a series of misguided policies, which analysts say have led to a significant contraction in economic activity. The consequences of these …
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The Central Bank of Nigeria (CBN) has revealed a thorough evaluation of banks’ recapitalization strategies to enhance the financial stability and durability of the nation’s banking industry. This effort is …
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OpenAI’s latest release of ChatGPT has once again thrust artificial intelligence into the spotlight, offering both a testament to technological advancement and a cautionary tale about the dangers of AI …
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AfricaAFRICA NEWSBusiness Policies
Google’s AI Search Leaves Publishers Scrambling
by Editorby EditorGoogle’s latest innovation in artificial intelligence, an advanced AI-driven search feature, has left publishers worldwide grappling with significant disruptions to their traditional traffic and revenue streams. The new AI search, …
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AfricaAFRICA NEWSBusiness Policies
Major Scandal Hits Toyota and Other Japanese Automakers
by Editorby EditorIn a stunning revelation, Toyota and several other prominent Japanese automakers have been engulfed in a scandal that has sent shockwaves through the automotive industry. Allegations of widespread misconduct and …
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The Nigerian government is targeting around $7 billion in new foreign direct investment for the oil and gas industry over the next few years, the Minister of State for Petroleum …
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AfricaAFRICA NEWSBusiness Policies
CBN Revokes Banking License of Heritage Bank Plc
by Editorby EditorABUJA, Nigeria (AP) – The Central Bank of Nigeria has revoked the operating license of Heritage Bank Plc with immediate effect, citing the lender’s inability to meet minimum capital requirements …
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AfricaBusiness Policies
Rail Growth Hits 2-Year High as Transport Sector Exits Recession
by Editorby EditorThe rail transport sector in Nigeria has experienced a significant resurgence, reaching a two-year high in growth as the broader transport sector exits a prolonged recession. This remarkable recovery underscores …