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Android Loses 8% Of OS Market Share In Five-Years
Increasing competition from Apple and others has eroded Android’s global dominance of the Operating System(OS) space…
Nigerian Breweries Spends N97bn To Regain Consumers, Lifts Sales To N437bn In 2021
Nigerian Breweries Plc has employed massive spending on products marketing and promotion to lead consumers back to…
Netflix Slumps In Q1 On 200,000 Subscribers’ Drop
The streaming giant, Netflix, on Tuesday reported a dip in revenue on the unexpected drop of 200,000 subscribers for the first time in…
Viral Video: Fidelity Bank clarifies reports of man singing outside its branch
Fidelity Bank Plc has reacted to a viral video of a man who organised a music band outside the premises of one of its branches in Anambra State…
Digital Currency: Despite Teething Issues, CBN Blazes The Trail With ENaira
When the Central Bank of Nigeria (CBN) officially launched its digital currency known as the e-naira on October 25, 2021, there was scorn in the financial sphere on how it would succeed due to the perforation of…
SPE, NCDMB Hail Dangote Petroleum Refinery’s World-Class Technology Application
The Society of Petroleum Engineers (SPE) and the Nigerian Content Development and Monitoring Board (NCDMB) have applauded Dangote Petroleum…
Musk unrelenting over Twitter takeover, wants to bypass board
World’s richest man Elon Musk has not given up on his plan to take over Twitter in a $43 billion buyout as he tweeted on Saturday, saying “Love Me Tender”. After Musk’s TED talk on Thursday, he hinted at…
Radisson targets 150 hotels in Nigeria, others
The Regional Director for Africa, Radisson Hotel Group, Bert Fol, says the brand plans to expand its hotel business operations in Nigeria and other African countries from 100 to 150 hotels by 2025. He also…
Google set to invest $9.5bn in US
Google has announced plans to invest $9.5bn in its US offices and data centers around the country in 2022, up from more than the $7bn it spent in 2021. According to CNN, the big bet on office space was coming at a…
Nigerian Banks Hit By ‘Great Resignation’ Of Top Tech Talents
Nigerian banks have been hit by an exodus of tech talents, chief executives of the nation’s lenders say, according to a Bloomberg report. “So many of our very experienced talents especially in the area of software…
Twitter moves to block Elon Musk’s takeover
Twitter moved Friday to defend itself against Elon Musk’s $43 billion hostile takeover bid, announcing a plan that would allow shareholders to purchase additional stock. “The Rights Plan will reduce the likelihood…
Airlines rescind decision to sell tickets in dollars
The APG Interline Electronic Ticketing Agreements (IET) on Thursday, recalled and canceled the notice it made to its trade…
CBN’s ENaira Speed Wallet App Records 756,000 Downloads In Six Months
The Central Bank of Nigeria (CBN)’s eNaira speed wallet app, Africa’s first digital currency, has recorded 756,000…
Bet9ja announces special bonanza, rewards customers with over N1bn in bonuses
Nigeria’s leading and foremost sports betting company, Bet9ja is pleased to announce that the betting site is back up and running. Customers can now go ahead and conduct their business seamlessly, without any…
Naira hits N590/$1 at parallel market ahead of Easter break
As the Easter holiday approaches, the Nigerian naira weakened to N590 to a dollar at the parallel market. The figure represents a…
Elon Musk wants to buy 100 percent of Twitter
Tesla CEO Elon Musk is offering to buy 100 percent of the company in an updated 13D filing. He’s offering $54.20 per share in cash. Musk is offering to “acquire all of the outstanding Common Stock of the Issuer…
Zenith Bank appoints Stella Napa, Ogunranti executive directors
The Board of Directors of Zenith Bank Plc has appointed Mrs. Adobi Stella Napa and Mr. Anthony Akindele Ogunranti as executive directors. Also, the Board appointed Mr. Peter Olatunde Bamkole as an Independent Non-Executive…
Despite Forex Ban, Textiles Lift Import Index In 2021
Textile and textile materials into the country have helped to push Nigeria’s import index by 0.47 per cent in 2021, in defiance of the…
Biden waives ethanol ban to reduce soaring gasoline prices
U.S. President Joe Biden is visiting corn-rich Iowa on Tuesday to announce he’ll suspend a federal rule and allow the sale of higher-ethanol gasoline this summer. The move, it is believed, will tamp down prices at…
Nigeria’s oil production dropped to 1.24m bpd in March — lowest so far in 2022
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says oil output dropped to an average of…
Ukraine war: EU looks to Nigeria for more gas supply
The European Union is strengthening relations with Nigeria as it seeks to diversify sources of its natural gas imports in an attempt to reduce reliance on Russian energy. Nigeria is the fourth biggest liquified…
We have no plan to leave Nigeria – Allianz Insurance
Allianz Nigeria Insurance Ltd. on Monday said it had no plan to leave Nigeria as speculated, having invested over 18 billion dollars (N7.47 trillion) into its market. The Chief Executive Officer of the company,…
NG Eagle incurs $53.4m loss as NCAA refuses to grant operating licence
The Asset Management Corporation of Nigeria (AMCON) has incurred about $53 million (N22.19 billion) loss…
Court fines Zenith Bank N500,000 in landmark judgment over spam messaging
A high court in Ogun state has ordered Zenith Bank Plc to pay N500,000 as damages for sending spam messages to one Omotola Fathiat Quadri. Quadri had, in the suit marked HCT/605/2021, sued Zenith bank for infringing…