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Global roofing market to reach $342.8bn by 2033 - Report
Business

Global roofing market to reach $342.8bn by 2033 – Report

The global roofing industry is expected to reach $342.8 billion by the end of 2033. The Times reported that the market’s future prospects are even more promising, with projections indicating a notable rise to $197.6 billion in 2023. Analysis by We Market Research that supported this. The paper stated that a robust compound annual growth rate of 5.0% is anticipated […]

Rivers assures Germany of secure business environment presentation
Business

Fubara signs 2024 budget, 24 hours after presentation

A day after presenting the N800 billion 2024 Appropriations Bill to five of the thirty-six state legislators, Rivers State Governor, Siminalayi Fubara officially signed it into law. On December 13, Fubara presented the bill before the four-member House of Assembly, led by Speaker Edison Ehie. Fubara reportedly signed the budget at Government House in Port […]

Nigerian Exchange ahead in Africa with 33.70% gain
Business

Naira falls to N1260/$ at parallel market

The value of the Naira fell on Wednesday, December 13, from N1,220 to N1,260 per dollar in the parallel market on Tuesday. Additionally, according to official FMDQ data, it opened at N871.12/$1 but fell to N904.56/$1 by Wednesday’s end of business. As of Wednesday’s business closure, the amount reflects a 4.38 percent devaluation. It closed […]

NGX Group reports N5.2bn after tax
Business

Investors gain as NGX share index crosses historic 72,000 points

The Nigerian Exchange Limited’s main index, the All-Share Index, crossed the 72,000 basis point threshold for the first time in history on Wednesday, rising by 0.55 percent to 72,299.79 points. According to The Punch. this occurred as trading activity on the NGX moved into its fourth day of positive trade, netting investors in the equities […]

FG targets 500,000 jobs, N125bn revenue with data protection roadmap
Business

FG targets 500,000 jobs, N125bn revenue with data protection roadmap

The Nigeria Data Protection Strategic Roadmap and Action Plan is estimated to generate N125 billion in income for the Federal Government and 500,000 new jobs. The Punch reported that this was revealed on Wednesday in Abuja during the Nigeria Data Protection Commission’s introduction of the country’s strategic roadmap and action plan. The NDP-SRAP and the […]

NNPC, First E&P provide free healthcare in host communities
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NNPCL defends fuel import monopoly

Nigerian National Petroleum Company Limited, Mele Kyari, has justified the company’s present monopoly in fuel importation by claiming that oil marketers pulled out of the fuel import market as a result of price volatility. The Punch reported that speaking on Wednesday at the National Assembly complex before the Senate Committee on Finance, Kyari claimed that […]

Jumia narrows losses, posts stronger Q2 revenue growth
News Tech

Jumia Food to exit Nigeria by end of 2023

Jumia will cease operations for its food delivery service, Jumia Food, in all of its operational countries, which include Nigeria, Kenya, Morocco, Ivory Coast, Tunisia, Uganda, and Algeria by the end of December 2023. The company’s current priorities across its 11 operational nations are the Jumia Pay platform and its core physical goods business. Even […]

Flutterwave hires six new execs from Cash App, Paypal, others
News Tech

Flutterwave hires six new execs from Cash App, Paypal, others

African payments unicorn, Flutterwave has hired six new executives from prestigious financial firms like Cash App, Paypal, and Western Union. The employment comes after the exit of three finance executives from the company in November. The CEO of the company, Gbenga Agboola, stated that the six executives’ vast expertise will support the company’s ability to […]

Russian court fines Apple over alleged LGBT violations
News Tech

EU regulators to fine Apple over rift with Spotify

Regulators in the European Union are set to fine Apple and restrict its App Store policies that control some music-streaming services, Bloomberg News reported on Wednesday. According to Bloomberg News, EU authorities are finalizing a verdict that would forbid Apple’s practice of preventing music providers from discouraging their customers from switching from the App Store […]

Tinubu fires Kabir Mohammed as FAAN MD
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Tinubu fires Kabir Mohammed as FAAN MD

President Bola Tinubu has announced the removal of Kabir Yusuf Mohammed as Managing Director of the Federal Airports Authority of Nigeria. According to Nairametrics, Mrs. Olubunmi Oluwaseun Kuku has taken his place and will now be the agency’s substantive Managing Director. The presidential spokesperson, Ajuri Ngelale, revealed this in a statement on Wednesday. Additionally, the Managing […]

Tinubu signs seven bilateral agreements with Qatar
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Tinubu swears in new ICPC, FCSC chairmen

President Bola Tinubu has officially sworn in Musa Adamu as the new Chairman of the Independent Corrupt Practices and Other Related Offences Commission. The Federal Executive Council was preceded by the ceremony, which was held in the State House Council Chambers. In addition, eleven other people were sworn in as members of the Federal Civil […]

Lagos vows to uphold monthly rent agreement
Business

Lagos State govt disburses N500M to 40 tech startups

Alex Omenye The Lagos State Governor, Babajide Sanwo-Olu on Wednesday disclosed that his government has disbursed over N500 million to more than 40 tech startups in the State. In his budget speech during the presentation of the 2024 budget at the Lagos State House of Assembly, Sanwo-olu stated the funds has helped the startups to […]