Visa Inc. to Establish Data Centre in Nigeria

In a significant boost to Nigeria’s digital economy, Visa Inc., the American multinational payment card services giant, has announced plans to set up a data centre infrastructure in the country. The development was revealed by Nigeria’s Vice President, Kashim Shettima, on his official X account, following a high-profile meeting at the Presidential Villa in Abuja….

Dangote Refinery Halts Petrol Sales in Naira, Outlines Conditions for Resumption

Nigerians could soon face a surge in the prices of premium energy products like diesel and petrol as the Dangote Petroleum Refinery temporarily suspends sales in Naira. In a statement on Wednesday, the $20 billion refinery—located in Lagos—explained that the move was necessary to avoid financial misalignment. “This decision is necessary to avoid a mismatch…

EU Pledges €46 Million to Strengthen Nigeria’s Social Protection System

In a significant boost to Nigeria’s social welfare framework, the European Union (EU) has committed €46 million to support the country’s social protection initiatives. The newly launched program, titled “Sustainable Social Protection System in Nigeria” (SUSI), was officially unveiled at the United Nations House in Abuja. This initiative represents a major step toward strengthening Nigeria’s…

OKX Expands Institutional Offerings in Europe with MiFID II License

Cryptocurrency exchange OKX is gearing up to enhance its institutional services across Europe after securing a Markets in Financial Instruments Directive (MiFID II) license. This milestone follows OKX’s acquisition of a Malta-licensed firm that holds the coveted MiFID II authorization, further solidifying the company’s regulatory compliance within the European market. According to the announcement, the…

Microsoft to Shut Down Skype in May 2025

After more than two decades of connecting people around the world, Microsoft has announced the shutdown of Skype in May 2025. The move signals the end of an era for the pioneering voice and video calling platform, which has struggled to remain competitive against newer messaging services. Microsoft acquired Skype in 2011 for $8.5 billion,…

Elon Musk Pushes to Integrate Starlink into the U.S. Airspace System

Elon Musk’s SpaceX is working to deploy Starlink satellite internet terminals as part of an effort to accelerate the upgrade of the U.S. Federal Aviation Administration’s (FAA) national airspace system. According to sources familiar with the matter, the initiative raises concerns about potential conflicts of interest within Musk’s business empire and the impact on a…