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Flam, an AI interactive content company, has raised $40 million in Series B funding led by QED Investors. Claypond Capital, Martin Chavez, Olivier Pomel, Venky Harinarayan, and Shah Rukh Khan joined the round, with existing investors RTP Global and Dovetail…
Read moreNigeria’s gas flaring rate climbed to 7.48% in August 2026, the highest level recorded since October 2025, as the volume of gas flared rose to 18,350.55 million standard cubic feet (MMSCF). The post Nigeria’s gas flaring hits 7.48% in August,…
Read moreSeplat Energy Plc shares have climbed to a new record level on the Nigerian Exchange Limited (NGX), rising 10% in the last 10 days to N14,907.80 from N13,552.60. The post Seplat Energy shares hit record N14,907 as oil market disruption…
Read moreAradel Holdings, Seplat Energy and Oando Plc built a combined N2.86 trillion cash war chest in the first half of 2026, providing substantial liquidity to support post-acquisition growth and higher production. The post Aradel, Seplat, Oando build N2.86 trillion cash…
Read moreCanada has raised processing time estimates for several temporary residence applications, including study permits and visitor visas for applicants in Nigeria, according to the latest update from Immigration, Refugees and Citizenship Canada (IRCC). The post Canada raises study permit, visitor…
Read moreThe Pension Transitional Arrangement Directorate (PTAD) has disbursed N18.96 billion to settle outstanding Back-End Computation (BEC) arrears owed to 3,958 eligible pensioners of the former Power Holding Company of Nigeria (PHCN) under the Defined Benefit Pension Scheme (DBS). The post…
Read moreThe Federal High Court in Abuja on Thursday sentenced a 38-year-old South African woman to 25 years in prison for smuggling 5.75 kilogrammes of heroin into Nigeria through the Nnamdi Azikiwe International Airport in Abuja. Justice Obiora Egwuatu passed the…
Read moreThe US Federal Reserve’s decision to raise interest rates by 25 basis points could increase pressure on emerging markets as investors reassess the returns available from dollar-denominated assets. The post US rate hike threatens naira as investors eye safer dollars…
Read moreNigeria accounted for an estimated 140 million people in the mobile internet usage gap in 2025, according to the GSM Association (GSMA). The post Nigeria accounts for 140 million mobile internet usage gap, GSMA says appeared first on Nairametrics.
Read moreThe sharp depreciation of the naira between 2023 and 2024 significantly increased the contribution of foreign subsidiaries to the earnings and asset base of Nigerian banking groups, according to a new report by Fitch Ratings. The post Naira devaluation boosts…
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