Business

FG Has spent more than twice its total revenue – Budgit Alarms

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BudgIT’s report reveals a concerning trend in Nigeria’s fiscal management: the government spent three times more than it earned in 2023. This excessive spending led to a staggering N13.50tn deficit. Experts are raising alarms about the implications of this unsustainable spending. Victor Agi, a fiscal accountability expert, warns that Nigeria’s economy is on the brink […]

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Business

Nigerian Software Testing Startup Hits 90% Gross Profit Margin in First Year

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Abdulazeez Ogunjobi, a self-described restless entrepreneur with a passion for innovation, has a track record of founding multiple startups, including SimbiBot, Charistouch Technologies (later acquired by Cars45), and Fixit45. However, Ogunjobi’s journey as a serial entrepreneur is far from over. His latest venture, Scandium, a software testing startup, has achieved profitability within just a year

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Business, Technology

Binance Expands in Africa Amid Regulatory Struggles in Nigeria

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As Binance faces ongoing regulatory challenges in Nigeria, the world’s largest cryptocurrency exchange has launched its One Click Buy and Sell (OCBS) service in several African nations, including Ghana, Tanzania, Uganda, and Zambia. Get the best web Hosting – Link Introduced last week, this new feature allows users to purchase and sell cryptocurrencies directly via

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Crypto, Technology

Bybit Reaches 40 Million Users, Strengthens Position as a Leading Crypto Exchange

1 Comment / Crypto

Bybit, one of the top three cryptocurrency exchanges by market share, has reached a major milestone of 40 million users, gaining 10 million new users in less than a month. The platform, which still offers Peer-to-Peer (P2P) trading services in Nigeria, now ranks just behind Binance in global market share. Celebration and Reflection on Bybit’s

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Crypto

Nigeria to Introduce New Tax Laws Including Cryptocurrency Regulations by September, Says FIRS Chairman

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Dr. Zacch Adedeji, the Executive Chairman of the Federal Inland Revenue Service (FIRS), announced that the Federal Government will introduce new tax laws in September, which will include regulations specifically targeting the cryptocurrency industry. Speaking at the FIRS 2024 Stakeholders Engagement in Lagos, Dr. Adedeji emphasized the urgent need for regulatory frameworks for cryptocurrency in

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Crypto

Notcoin Burns 16 Million Tokens, But Market Response Remains Lukewarm

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Notcoin, the first-ever Tap-to-Earn crypto project, recently burned 16 million $NOT tokens in an effort to boost market sentiment around the project. However, despite this token burn, Notcoin has not performed well in the market, with its price dropping by 3.8% over the past week. Ton reports shared details about the transaction on X, mentioning

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Crypto

Hamster Kombat Futures Drop 50% Amid Decreasing Investor Interest

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The futures price of Hamster Kombat dropped by 50% from its peak, hitting a record low of $0.1586 in the futures market, as investor interest waned. This sharp decline was driven by a rapid sell-off in the futures market. However, Hamster Kombat players need not worry, as the pre-market futures performance is not expected to

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Business

IPPG Warns Against Forced Crude Sales to Local Refineries, Urges NNPC to Address Supply Shortfall

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The Independent Petroleum Producers Group (IPPG) has expressed concerns about being compelled to sell crude oil to Dangote Refinery and other local refineries in Nigeria. The group urged the Nigerian National Petroleum Company Limited (NNPC) to redirect its allocated crude oil volumes to these refineries to address the current supply shortage affecting local product availability

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Business

Ariana Grande releases new eyeliner inspired by 60s makeup

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Trends may come and go, but a signature beauty look endures. Ariana Grande, speaking over FaceTime while adjusting her iconic ponytail, describes herself as “anti-trend” and explains that the main inspiration for her brand, r.e.m. beauty, is classic ’60s makeup. She loves using eyeliner to create a story or character, a technique she’s mastered through

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Business

Most Affluent Figures in the Philippine Fashion and Beauty Sector – Forbes list

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The Sy siblings maintain their position on the Forbes Philippines’ richest list, leading with a net worth of $13 billion, slightly down from $14.4 billion in 2023. Their wealth originates from a modest shoe business called Shoemart, which evolved into one of Southeast Asia’s most powerful conglomerates. SM Retail, led by Teresita Sy-Coson, controls various

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Business
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