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Why FG can’t intervene in rising cost of diesel, aviation fuel – Sylva
The Federal Government is not in a position to intervene in the rising price of diesel and aviation fuel because prices for both products are deregulated, the Minister of State Petroleum Resources, Chief Timipre…
7 Reasons Why You Should Make ‘The SME Mall’ Your Business Growth Partner
The SME Mall a digital platform designed to connect individuals and businesses with professional service…
Sanctioned Russia becomes China’s main source of oil
Customs data showed Monday that China ramped up crude oil imports from Russia in May, helping to offset Russia’s losses from western nations’ sanctions. Sanctions had scaled back patronage of Russia’s energy…
At $450mn, Nigeria Owes 25% of Global Airlines’ Blocked Fund, Says IATA
International Air Transport Association (IATA) is planning another round of discussions with Nigerian officials to…
Apapa Gridlock Disappearing As Logistics Cost Reduces By 120%
…FG should reduce age limit of imported used cars to 2010 –Alabi Indication at the weekend was that the notorious traffic congestion on the Lagos port access road otherwise referred to as Apapa traffic…
Apple store workers vote to form first US union
Workers at an Apple store in Maryland have voted to unionise, forming the tech giant’s first retail union in the United States. The employees of the shop in Towson passed the measure 65-33, with about a dozen…
Berger Paints announces 4-day working week, first by Nigerian firm
Berger Paints Nigeria (BPN) Plc, a manufacturer of coated paints and allied products, said it is embarking on a four-day work week initiative for its staff, starting from July 1. The company’s Chairman, Mr…
Bill Gates says cryptocurrencies based on ‘greater fool theory’
Microsoft founder Bill Gates said that cryptocurrencies and non-fungible tokens (NFTs) are “100 percent based on greater fool theory.” The theory means that people can make money by purchasing assets that are…
Court stops FG from taking further actions on e-Customs project
A Federal High Court in Abuja has restrained the Federal Government from enforcing or giving effect to the Customs Modernisation Project otherwise known as e-Custom allegedly executed by its agents on May 30,…
Nigeria generated N588bn from VAT in Q1 2022 — up by 4.4% from previous quarter
The National Bureau of Statistics (NBS) says the country generated N588.59 billion as value-added tax in the first three months of 2022. The figure represented an increase of 4.4 percent from the N563.72 billion…
A-29 Super Tucano manufacturer arrives Nigeria to establish plant
The partnership between the United States of America and the Nigerian Military has led to the private…
Nigeria’s economy gaining strength… but inflation will remain high – IMF
The International Monetary Fund (IMF) says inflation will remain high despite the ongoing…
Elon Musk sued for $258bn over dogecoin support
An investor in dogecoin, originally created as a joke but whose value increased and fell as it was promoted by Elon Musk, filed a $258 billion lawsuit Thursday against the billionaire and his companies Tesla and…
FCMB onboards 1m unbanked Nigerians, lends N28.7bn to 200,000 women
First City Monument Bank (FCMB), through EasyAgents, its agency banking…
Facebook, Twitter, TikTok, Google and others agree to new EU rules to fight disinformation
Tech companies operating some of the world’s biggest online platforms — including Facebook-owner Meta, Microsoft, Google, Twitter, Twitch, and TikTok — have signed up to a new EU rulebook for tackling online…
Dangote Sugar Refinery Restates Commitment to FG’s Backward Integration policy
...Rewards Shareholders with N12.147bn Dividend Dangote Sugar Refinery Plc has restated its commitment to the achievement of Sugar Backward integration projects, describing it as the best thing that happened to…
Nigeria’s Foreign Reserve Dips By $2.9bn In 8 Months – IMF
The foreign exchange (forex) reserve for Nigeria has dropped by $2.9 billion within eight months, according to the International Monetary Fund (IMF). The Fund in a statement on Wednesday, after its end of…
China’s holding of U.S. treasuries tumbles
China’s holdings of U.S Treasuries tumbled in April to their lowest since May 2010, with Chinese investors likely cutting losses after Federal Reserve jacked up rates to temper soaring inflation. According…
Dangote Cement Shareholders up dividend by 25% to N20 per share
Shareholders of Dangote Cement Plc yesterday commended the Management of the company for an impressive…
FG orders Facebook, Twitter, others to register with CAC, delete harmful accounts
Nigeria’s federal government through the National Information Technology Development Agency (NITDA) has issued new…
Oil market: High crude prices shoot aviation fuel by 121.4% to N620 per litre
THE price of aviation fuel has increased by 121.4 per cent to N620 per litre in June 2022, from N280 per litre in the corresponding period of 2021, due mainly to the rising price of crude oil in the…
McDonald’s in Russia reopens with new name
The first 15 restaurants of former McDonald’s Corp reopened in Moscow today under new ownership and a new name. It will be known as “Vkusno & tochka”, which means “Tasty & that’s it”, the company said.…
U.S. gasoline price reaches historic level
The price of U.S. gasoline averaged more than $5 a gallon for the first time on Saturday, data from the AAA showed, extending a surge in fuel costs that is driving rising inflation. The national average…
How Echezonachi Ndeokwelu is Trailblazing in Tech: Key Advice for Aspiring Product Managers
In the Nigerian tech ecosystem, the path to success is often marked by overcoming significant challenges and adapting to ever-changing dynamics. As our tech landscape continues to evolve, the role of product managers has become…