News

Welltec Group closes £5.4m to enhance FinWellTech. 2 others stories and one trivia

This line-up of stories will help you discover the latest happenings around the tech world, today. 1. Welltec Group closes £5.4m to enhance FinWellTech A Financial Wellness Technology (FinWellTech) firm, Welltec, has announced closing a substantial R100 Million ($5.4M) investment from Legacy Africa Capital Partners’ (LACP) Fund 1. Welltec’s FinWellTech software is designed to create personalized and configurable financial wellness …

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EFCC arrests 20 suspected internet fraudsters in Ibadan

The Ibadan Zonal Command of the Economic and Financial Crimes Commission, EFCC, apprehended a total of twenty (20) individuals suspected of engaging in internet fraud. These arrests transpired on September 1, 2023, in the Ologolo and Idi-Ishin areas of Ibadan, Oyo State, following intelligence reports detailing their fraudulent activities. The apprehended suspects have been identified as follows: Mustapha Adeyemi Afeez, …

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Nigerians to pay more as MTN, Glo, Airtel, 9mobile hint at tariff increase

The tariff of Mobile Network Operators (MNOs) in Nigeria like Globacom, 9mobile, MTN and Airtel may soon be reviewed upward as telecom operators under the aegis of the Association of Licensed Telecommunications Operators of Nigeria (ALTON) on Thursday said that the current tariff regime in the sector was no longer sustainable. The Chairman of ALTON, Mr. Gbenga Adebayo, dropped this …

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EFCC, NJI, stakeholders seek legislation on unexplained wealth

The Economic and Financial Crimes Commission (EFCC), National Judicial Institute (NJI), and other stakeholders in the anti-graft war have called for a robust, globally-acceptable legislation to tackle the issue of unexplained wealth in Nigeria. EFCC in a press statement by acting Media & Publicity, Dele Oyewale, Thursday in Abuja, said: “This call came out of a communique issued on October 5, 2023 …

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Martial Confirms Man United Exit After Nine Years

Anthony Martial has confirmed that he will leave Manchester United this summer after nine years. Martial’s contract expires at the end of 2023/24 campaign and having not agreed an extension, he has announced that he will be departing. In an open letter, via The Mirror, to supporters on social media on Monday evening read: “Dear Manchester United fans, It’s with …

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Gap between official and black market dollar rates now N130.53 kobo

Investors and exporters in the official market were offered the United States Dollar (USD) at a range of N799/$1 and N475/$1 on Friday. The naira to dollar rate fluctuated during business hours in the investors’ and exporters’ (I&E) window before settling at N743.07/$1. This indicates the naira appreciated in value by 4.30 per cent and the price of the dollar …

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With Prime Boy’s surrender, the investigation into Mohad’s death makes forward

With Prime Boy’s surrender, the investigation into Mohad’s death makes forward With Prime Boy’s surrender, the investigation into Mohad’s death makes forward The suspect Prime Boy, who was wanted by the Nigerian police, has turned himself in to assist with the investigations surrounding the murder of his companion Mohbad, which has given the police’s inquiry into the peculiar circumstances surrounding …

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PDP rejects Kebbi tribunal’s ruling, heads to appeal court

The Peoples Democratic Party (PDP) in Kebbi State has rejected the judgment of the state election petition tribunal on the outcome of the March 18 election in the state. The three-member panel led by Justice Ofem I. Ofem had earlier on Thursday upheld Governor Nasir Idris’ victory in the election. In a statement issued on Thursday night, the PDP chairman …

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NGX: Shareholders gain N410bn as investment value rises by 1.11%

The value of investments in the Nigerian capital market rose by 1.11 percent at the close of trading on Monday. This followed the growth in the market capitalization by N410 billion from N36.95 trillion to N37.36 trillion after five hours of trading today. Similarly, the All-Share Index increased by 751.95 basis points to close at 68,279.14, up from 67,527.19 ASI …

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Ex-NBA president, Akpata, joins Edo governorship race

The former President of the Nigerian Bar Association (NBA), Olumide Akpata, has joined the Edo State governorship race. Akpata, who declared his intention to vie for the Labour Party ticket on Thursday in Benin City, described the party as the only people-oriented platform in the country. The former NBA president said he was motivated by his desire to serve the …

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