Nairametrics https://nairametrics.com/ Destination for Business news and analysis from Africa's largest economy Sat, 15 Jun 2024 06:30:50 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.3 https://nairametrics.com/wp-content/uploads/2021/08/cropped-cropped-favicon-1.png?resize=75,75 Nairametrics https://nairametrics.com/ 32 32 201037849 Lagos State allocates N1bn Seed Fund for Startups  https://nairametrics.com/2024/06/15/lagos-state-allocates-n1bn-seed-fund-for-startups/ https://nairametrics.com/2024/06/15/lagos-state-allocates-n1bn-seed-fund-for-startups/#respond Sat, 15 Jun 2024 06:30:50 +0000 https://nairametrics.com/?p=491297 The Lagos State government under the leadership of Governor Babajide Sanwo-Olu of Lagos State has allocated N1 billion as a seed fund for startups to the Lagos State Science, Research, and Innovation Council (LASRIC). 

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]]> https://nairametrics.com/2024/06/15/lagos-state-allocates-n1bn-seed-fund-for-startups/feed/ 0 491297 Germany’s rejection rate for multiple entry Schengen visa is only 14%, falling below average   https://nairametrics.com/2024/06/15/germanys-rejection-rate-for-multiple-entry-schengen-visa-is-only-14-falling-below-average/ https://nairametrics.com/2024/06/15/germanys-rejection-rate-for-multiple-entry-schengen-visa-is-only-14-falling-below-average/#respond Sat, 15 Jun 2024 06:27:28 +0000 https://nairametrics.com/?p=491295 Germany's rates for issuing multiple-entry visas have consistently remained high, as the latest statistics reveal that 90.4% of visas issued by German consulates in 2023 were multiple-entry.  

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]]> https://nairametrics.com/2024/06/15/germanys-rejection-rate-for-multiple-entry-schengen-visa-is-only-14-falling-below-average/feed/ 0 491295 Notcoin price surges by 16% as Binance finally lists ‘Token’ for trading  https://nairametrics.com/2024/06/14/notcoin-price-surges-by-16-as-binance-finally-lists-token-for-trading/ https://nairametrics.com/2024/06/14/notcoin-price-surges-by-16-as-binance-finally-lists-token-for-trading/#respond Fri, 14 Jun 2024 18:05:23 +0000 https://nairametrics.com/?p=491296 The Native token for Notcoin, the popular Telegram-based clicker game has witnessed a 16% surge in price as Binance finally lists it for trading on its exchange.

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]]> https://nairametrics.com/2024/06/14/notcoin-price-surges-by-16-as-binance-finally-lists-token-for-trading/feed/ 0 491296 “Investing in meme coins, including $Davido, is highly risky”- SEC  https://nairametrics.com/2024/06/14/investing-in-meme-coins-including-davido-is-highly-risky-sec/ https://nairametrics.com/2024/06/14/investing-in-meme-coins-including-davido-is-highly-risky-sec/#respond Fri, 14 Jun 2024 17:37:07 +0000 https://nairametrics.com/?p=491294 The Securities and Exchange Commission of Nigeria (“SEC”) has issued a cautionary statement regarding the significant risks associated with investments in meme coins, including those linked to Afrobeat singer David Adeleke, popularly known as Davido. 

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]]> https://nairametrics.com/2024/06/14/investing-in-meme-coins-including-davido-is-highly-risky-sec/feed/ 0 491294 FACTCHECK: BlackRock’s ‘$400 million’ ETF is not “leaving Nigeria” https://nairametrics.com/2024/06/14/factcheck-blackrocks-400-million-etf-is-not-leaving-nigeria/ https://nairametrics.com/2024/06/14/factcheck-blackrocks-400-million-etf-is-not-leaving-nigeria/#respond Fri, 14 Jun 2024 16:41:49 +0000 https://nairametrics.com/?p=491287 Several media reports stating that a $400 million Exchange-Traded Fund (ETF) owned by BlackRock is “leaving” Nigeria is not true. 

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]]> https://nairametrics.com/2024/06/14/factcheck-blackrocks-400-million-etf-is-not-leaving-nigeria/feed/ 0 491287 French Embassy launches €753,000 plastic waste management project in 13 Nigerian universities https://nairametrics.com/2024/06/14/french-embassy-launches-e753000-plastic-waste-management-project-in-13-nigerian-universities/ https://nairametrics.com/2024/06/14/french-embassy-launches-e753000-plastic-waste-management-project-in-13-nigerian-universities/#respond Fri, 14 Jun 2024 14:00:44 +0000 https://nairametrics.com/?p=491283 French Embassy in Nigeria, through its Cooperation and Cultural Department, has launched a plastic waste management project worth €753,000 to be executed in 13 Nigerian universities.

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]]> https://nairametrics.com/2024/06/14/french-embassy-launches-e753000-plastic-waste-management-project-in-13-nigerian-universities/feed/ 0 491283 5 things to know about $TON token as it hits a new all-time high of $8  https://nairametrics.com/2024/06/14/5-things-to-know-about-ton-token-as-it-hits-a-new-all-time-high-of-8/ https://nairametrics.com/2024/06/14/5-things-to-know-about-ton-token-as-it-hits-a-new-all-time-high-of-8/#respond Fri, 14 Jun 2024 13:48:12 +0000 https://nairametrics.com/?p=491281 Toncoin is the native cryptocurrency of the Open Network Blockchain (TON) developed by Telegram.

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]]> https://nairametrics.com/2024/06/14/5-things-to-know-about-ton-token-as-it-hits-a-new-all-time-high-of-8/feed/ 0 491281 Tapswap announces that it will launch on the Open Network (TON) blockchain  https://nairametrics.com/2024/06/14/tapswap-announces-that-it-will-launch-on-the-open-network-ton-blockchain/ https://nairametrics.com/2024/06/14/tapswap-announces-that-it-will-launch-on-the-open-network-ton-blockchain/#respond Fri, 14 Jun 2024 13:02:08 +0000 https://nairametrics.com/?p=491274 Tapswap team announces its plan to launch on the Open Network (TON) blockchain putting an end to previous speculations

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]]> https://nairametrics.com/2024/06/14/tapswap-announces-that-it-will-launch-on-the-open-network-ton-blockchain/feed/ 0 491274 Nigerian convicted for $1.5 million Business Email Compromise scheme in U.S. https://nairametrics.com/2024/06/14/nigerian-convicted-for-1-5-million-business-email-compromise-scheme-in-u-s/ https://nairametrics.com/2024/06/14/nigerian-convicted-for-1-5-million-business-email-compromise-scheme-in-u-s/#respond Fri, 14 Jun 2024 12:46:50 +0000 https://nairametrics.com/?p=491273 Umeti, 35, and his co-conspirators sent victims businesses phishing emails, which were made to appear as though they originated from trusted senders, such as a bank or a vendor.

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]]> https://nairametrics.com/2024/06/14/nigerian-convicted-for-1-5-million-business-email-compromise-scheme-in-u-s/feed/ 0 491273 Exploring capital market innovation for infrastructure development https://nairametrics.com/2024/06/14/exploring-capital-market-innovation-for-infrastructure-development/ https://nairametrics.com/2024/06/14/exploring-capital-market-innovation-for-infrastructure-development/#respond Fri, 14 Jun 2024 12:37:12 +0000 https://nairametrics.com/?p=491267 This strategic meeting is in alignment with the vision of the new SEC's leadership in bringing on board innovation and development aimed at accelerating domestic credit from the capital markets to the private sector, which will create jobs, reduce poverty, and promote economic growth.

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]]> https://nairametrics.com/2024/06/14/exploring-capital-market-innovation-for-infrastructure-development/feed/ 0 491267 Nigerian Court discharges Tigran Gambaryan, Nadeem from FIRS tax evasion case against Binance  https://nairametrics.com/2024/06/14/nigerian-court-discharges-tigran-gambaryan-nadeem-from-firs-tax-evasion-case-against-binance/ https://nairametrics.com/2024/06/14/nigerian-court-discharges-tigran-gambaryan-nadeem-from-firs-tax-evasion-case-against-binance/#respond Fri, 14 Jun 2024 12:22:43 +0000 https://nairametrics.com/?p=491269 The Federal High Court on Friday discharged Tigran Gambaryan, a 39-year-old American, and fleeing Nadeem Anjarwalla from the  Federal Inland Revenue Service (FIRS) tax evasion case against the cryptocurrency exchange platform, Binance. 

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]]> https://nairametrics.com/2024/06/14/nigerian-court-discharges-tigran-gambaryan-nadeem-from-firs-tax-evasion-case-against-binance/feed/ 0 491269 Ghana’s electricity company announces three weeks power cut due to shortage gas supply from Nigeria https://nairametrics.com/2024/06/14/ghanas-electricity-company-announces-three-weeks-power-cut-due-to-shortage-gas-supply-from-nigeria/ https://nairametrics.com/2024/06/14/ghanas-electricity-company-announces-three-weeks-power-cut-due-to-shortage-gas-supply-from-nigeria/#respond Fri, 14 Jun 2024 11:41:38 +0000 https://nairametrics.com/?p=491265 Ghana's state-owned electricity company has announced a three-week power interruption due to reduced gas supply from Nigeria.

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]]> https://nairametrics.com/2024/06/14/ghanas-electricity-company-announces-three-weeks-power-cut-due-to-shortage-gas-supply-from-nigeria/feed/ 0 491265 A failed attempt to trigger a run on banks https://nairametrics.com/2024/06/14/a-failed-attempt-to-trigger-a-run-on-banks/ https://nairametrics.com/2024/06/14/a-failed-attempt-to-trigger-a-run-on-banks/#respond Fri, 14 Jun 2024 11:38:02 +0000 https://nairametrics.com/?p=491258 Fidelity Bank's 2023 Profit Before Tax grew by 131.5%, driven by robust earnings and strategic growth initiatives, ensuring strong shareholder returns

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]]> https://nairametrics.com/2024/06/14/a-failed-attempt-to-trigger-a-run-on-banks/feed/ 0 491258 Meta trims Lagos office space after layoffs https://nairametrics.com/2024/06/14/meta-trims-lagos-office-space-after-layoffs/ https://nairametrics.com/2024/06/14/meta-trims-lagos-office-space-after-layoffs/#respond Fri, 14 Jun 2024 10:30:35 +0000 https://nairametrics.com/?p=491254 Meta, the company behind Facebook, Instagram, and WhatsApp, is trimming down its office space in Lagos.

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]]> https://nairametrics.com/2024/06/14/meta-trims-lagos-office-space-after-layoffs/feed/ 0 491254 Minimum Wage: N250,000 demand not cast in stone – TUC President https://nairametrics.com/2024/06/14/minimum-wage-n250000-demand-not-cast-in-stone-tuc-president/ https://nairametrics.com/2024/06/14/minimum-wage-n250000-demand-not-cast-in-stone-tuc-president/#comments Fri, 14 Jun 2024 09:59:31 +0000 https://nairametrics.com/?p=491250 The President of the Trade Union Congress (TUC), Festus Osifo, has said that the N250,000 minimum wage proposal by the organized labour is both negotiable and not necessarily cast in stone.

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]]> https://nairametrics.com/2024/06/14/minimum-wage-n250000-demand-not-cast-in-stone-tuc-president/feed/ 1 491250 Abia Assembly threatens to cancel deal with Innoson Motors over breach of contract https://nairametrics.com/2024/06/14/abia-assembly-threatens-to-cancel-deal-with-innoson-motors-over-breach-of-contract/ https://nairametrics.com/2024/06/14/abia-assembly-threatens-to-cancel-deal-with-innoson-motors-over-breach-of-contract/#respond Fri, 14 Jun 2024 09:45:32 +0000 https://nairametrics.com/?p=491251 The Abia House of Assembly has threatened to terminate its contract with Innoson Vehicles Manufacturing Ltd for allegedly failing to fulfill its agreement to produce vehicles for all the lawmakers.

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]]> https://nairametrics.com/2024/06/14/abia-assembly-threatens-to-cancel-deal-with-innoson-motors-over-breach-of-contract/feed/ 0 491251 ICAN threatens to nullify practice licenses of defaulting accountants https://nairametrics.com/2024/06/14/ican-threatens-to-nullify-practice-licenses-of-defaulting-accountants/ https://nairametrics.com/2024/06/14/ican-threatens-to-nullify-practice-licenses-of-defaulting-accountants/#respond Fri, 14 Jun 2024 09:29:08 +0000 https://nairametrics.com/?p=491244 The Institute of Chartered Accountants of Nigeria (ICAN) has issued a stern warning to its Members-In-Practice (MsIP) regarding the use of invalidated or untenured practice licenses.

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]]> https://nairametrics.com/2024/06/14/ican-threatens-to-nullify-practice-licenses-of-defaulting-accountants/feed/ 0 491244 Transcorp Vs. UAC Nigeria – Who navigated better in 2023? https://nairametrics.com/2024/06/14/transcorp-vs-uac-nigeria-who-navigated-better-in-2023/ https://nairametrics.com/2024/06/14/transcorp-vs-uac-nigeria-who-navigated-better-in-2023/#respond Fri, 14 Jun 2024 09:23:11 +0000 https://nairametrics.com/?p=491245 Amid these turbulent economic conditions, Nigerian conglomerates have showcased resilience and adaptability.

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]]> https://nairametrics.com/2024/06/14/transcorp-vs-uac-nigeria-who-navigated-better-in-2023/feed/ 0 491245 Multichoice Group has an account balance of N31.6 billion with Heritage Bank   https://nairametrics.com/2024/06/14/multichoice-group-has-an-account-balance-of-n31-6-billion-with-heritage-bank/ https://nairametrics.com/2024/06/14/multichoice-group-has-an-account-balance-of-n31-6-billion-with-heritage-bank/#respond Fri, 14 Jun 2024 09:17:10 +0000 https://nairametrics.com/?p=491246 Multichoice Group, owners of DSTV, had an account balance of N31.6 billion with Heritage Bank, before the bank’s liquidation.  

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]]> https://nairametrics.com/2024/06/14/multichoice-group-has-an-account-balance-of-n31-6-billion-with-heritage-bank/feed/ 0 491246 Wema Bank concludes 1st tranche of capital raise programme https://nairametrics.com/2024/06/14/wema-bank-concludes-1st-tranche-of-capital-raise-programme/ https://nairametrics.com/2024/06/14/wema-bank-concludes-1st-tranche-of-capital-raise-programme/#respond Fri, 14 Jun 2024 09:12:12 +0000 https://nairametrics.com/?p=491239 Wema Bank ALAT has successfully concluded the first tranche of its recapitalisation exercise having secured all relevant regulatory approvals for the allotment of its N40bn Rights Issue which was initiated in December 2023.

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]]> https://nairametrics.com/2024/06/14/wema-bank-concludes-1st-tranche-of-capital-raise-programme/feed/ 0 491239