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Transportation

Tinubu to launch Lagos Red Line rail project Feb 29

President Bola Tinubu is scheduled to finally commission the long-awaited Lagos State Red Line Rail project on February 29, 2024, according to Governor Babajide Sanwo-Olu. Nairametrics reported that the governor announced this at the ‘Lagos Market Trader Money’ launch for 15,000 beneficiaries on Wednesday, February 14, 2024, according to a post by the Senior Special Assistant […]

Carbon acquires Nigerian fintech Vella Finance, launches AI SME platform
News

Carbon acquires Nigerian fintech Vella Finance, launches AI SME platform

Carbon, a leading player in Nigeria’s financial sector is has declared that it has fully acquired fintech startup, Vella Finance. It stated that it made the acquisition through its parent company, one Credit Limited. Carbon also launched a groundbreaking AI-powered business banking platform. The company stated that it has a goal to empower small and […]

Ex-Flutterwave VP Ted Oladele launches fintech startup
Tech

Ex-Flutterwave VP Ted Oladele launches fintech startup

Flutterwave’s former VP of design and innovation Ted Oladele has launched Mira which seeks to reduce the long wait faced by food buyers by utilizing scan codes for payment. Mira has introduced a QR code payment system designed to revolutionize the dining experience by allowing customers to instantly pay for their meals. This innovative solution […]

Ghana president sacks Finance Minister amid economic crisis
Economy

Ghana president sacks Finance Minister amid economic crisis

Ghana’s President Nana Akufo-Addo has reshuffled his cabinet, relieving Finance Minister Ken Ofori-Atta of his responsibilities. According to reports, Mohammed Amin Adam, the current Minister of State at the finance ministry and former deputy energy minister responsible for the petroleum sector, is set to assume Ofori-Atta’s role. This decision unfolds amidst Ghana’s most severe economic […]

Aradel Holdings, two others increase NASD OTC bourse by 1.13%
News

Aradel Holdings, two others increase NASD OTC bourse by 1.13%

With a 1.13 per cent gain, the three companies that make up the NASD Over-the-Counter Securities Exchange are Aradel Holdings Plc, Central Securities Clearing System Plc, and Acorn Petroleum Plc. The Times stated that, in contrast to the previous trading session’s 1,132.56 basis points, the NASD Unlisted Security Index gained 12.77 points to close at […]

Nigeria, United kingdom sign historic trade, investment deal
News

Nigeria, United kingdom sign historic trade, investment deal

By Melvin Onwubuke   United kingdom secretary of business and trade, Kemi Badenoch, on Tuesday signed a deal with Nigeria to enhance trade and investment between the two countries. According to The Punch, the United kingdom secretary, Business and Trade,Kemi Badenoch and her counterpart, Doris uzoka-Anite, minister for trade and investment signed the historic deal. […]

Nigerian retailers, wholesalers may not escape poverty – World Bank economists
Economy

Nigerian retailers, wholesalers may not escape poverty – World Bank economists

World Bank economists, Jonathan Lain, Senior Economist, and Utz Pape, Lead Economist for Poverty and Equity Global Practice, have expressed reservations about the efficacy of retail and wholesale trade jobs as a viable means to alleviate poverty in Nigeria. They suggest that these positions may not serve as a dependable pathway out of the country’s […]

Crude hits $83 as Nigeria's export passes 1.4mbpd
Oil and Gas

Crude hits $83 as Nigeria’s export passes 1.4mbpd

Data from the Federal Government indicates Nigeria’s oil output surged to 1,426,574 barrels per day in January 2024. This news caused the global benchmark for crude, Brent, to rise to $83.19/barrel on Tuesday evening, moving up $1.19 from its overnight price. The PUNCH stated that, Nigeria would receive more foreign cash due to the small […]

Grocery delivery service Instacart lays off staff
Tech

Grocery delivery service Instacart lays off staff

Worldwide grocery-delivery service, Instacart, is undergoing a significant restructuring that includes the layoff of 250 employees, constituting 7% of its global workforce. In a communication to investors, Instacart CEO Fidji Simo explained that these layoffs are part of an effort to streamline the company’s operations. “Today, we made the tough decision to part with approximately […]

Stakeholders push to boost investment finance sector
News

Stakeholders push to boost investment finance sector

Stakeholders have urged the government to develop measures that would increase capital investment in the financial industry. The Punch reported that this was stated at the PiggyVest Finance Roundtable Discussion on Tuesday in Lagos. The event’s stakeholders discussed how the results of the PiggyVest Savings Report 2023 survey would affect the financial situation in Nigeria […]

Nigeria to end gas flaring by 2030 - NUPRC
News Oil and Gas

Nigeria to end gas flaring by 2030 – NUPRC

Preparations are in place by the Nigerian Upstream Petroleum Regulatory Commission to terminate gas flaring by 2030. The Punch stated that this was revealed during a lecture given by NUPRC Chief Executive Officer, Gbenga Komolafe, during the 8th Sub-Saharan Africa International Petroleum Exhibition and Conference, which took place in Lagos. Komolafe claimed that the NUPRC […]

Ban on styrofoam, satchet alcohol to worsen employment - NECA
News Uncategorized

Ban on styrofoam, satchet alcohol to worsen employment – NECA

The Nigeria Employers Consultative Association is concerned that employment losses in the real economy may result from the recent prohibition on the manufacture and distribution of polystyrene food packs and sachet alcohol. According to the PUNCH, The Nigeria Employers’ Consultative Association’s Director-General, Adewale-Smatt Oyerinde, stated in an interview that the prohibition on these goods will […]

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