Browsing Category
Business
Facebook parent Meta plans layoffs – Report
Facebook-parent Meta will become the latest tech firm to scale back its workforce, with plans to layoff thousands of employees this week, the United States media reported Sunday. The Wall…
Twitter Confirms Users’ Fee To Buy Verification
Twitter has confirmed plans to allow users to buy blue-tick verified status. In an update for Apple devices, the company said the feature would be open to users in certain countries…
Former Twitter CEO Launches New Social Media Platform
Jack Dorsey, Twitter founder and former CEO, has launched a new social media platform, ‘Bluesky’. This is coming barely a week after a business magnate and investor, Elon Musk, acquired…
No Twitter jobs for Nigeria as Musk cuts jobs in Africa
Elon Musk’s plan to cut jobs at Twitter by half will affect workers in Africa, sources have told BusinessDay. It may also put an end to expectations by the Nigerian government that Twitter…
Export Trade: FCMB Rallies Operators To Diversify And Stimulate The Economy
Nigeria's vast non-oil endowment must be urgently leveraged to diversify and expand…
Emirates Airline suspends flight operations to Nigeria over trapped funds
Emirates Airline has…
London court fines Glencore $310m over bribery schemes in Africa
A London court has ordered Glencore,…
Nigeria’s used car import drops as dealers fault naira depreciation, clearing cost
Nigerians imported foreign used cars worth N169.1 billion in the first half of 2022. This represents a 51.2% decline from the N346.29 billion recorded in the corresponding period of 2021…
Telcos earn N1.92tn from calls, data
MTN and Airtel made N1.92tn from calls and data between January and September, 2022. This is according to data from the financial results of MTN Nigeria Communications Plc and Airtel…
Non-oil export proceeds hit $2.59b
The Executive Director/CEO Nigerian Export Promotion Council (NEPC) Ezra Yakusak yesterday disclosed that the Federal Government recorded the highest performance from the non-oil export this year…
NNPC acquires Addax oil blocs
TSinopec’s Addax Petroleum Development (Nigeria) Limited yesterday handed over its four major oil mining blocks in the country, announcing its departure from the country in the process. This…
China Aims To Ship 25 Million Virtual Reality Devices By 2026
China released its first action plan dedicated to virtual reality on Tuesday, with an aim its industry ship more than 25 million devices with a value exceeding 350 billion yuan ($48.20 billion) by…
Dollar crisis: EFCC plans massive raid on forex dealers
The Economic and Financial Crimes Commission on Tuesday carried out simultaneous operations against Bureau de Change operators in Abuja and Kano, as the Naira slumped to N857 to a dollar…
PHOTOS: Tinubu, Shettima, Meet Private Sector In Lagos
The presidential candidate of the All Progressives…
BP’s profit doubles to $8.2bn in Q3 2022 amid high oil prices
BP, a British oil and gas multinational company, has announced an $8.2 billion profit in the third quarter of 2022. According to a report released on Tuesday by the oil giant, the figure is 144.6…
Amazon opens office in Nigeria
An information technology firm, Amazon Web Services, Inc. (AWS), says it has opened its first office in Lagos, Nigeria. On Tuesday, Amrote Abdella, the firm’s regional manager of sub-Saharan Africa,…