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Italian divers discover 2,000-year-old Roman shipwreck

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Italian divers discover 2,000-year-old Roman shipwreck

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Bank directors association of Nigeria records 29.7% income surge in 2022
Banking

Bank directors association of Nigeria records 29.7% income surge in 2022

The Bank Directors Association of Nigeria have revealed that the association’s income increased by 29.7 percent in 2022 compared to the previous year. The Punch reported that this was revealed during its annual general meeting, which was held virtually following the conclusion of its annual summit in Abuja. It said, “The association, led by Mr. Mustafa Chike-Obi, […]

Lagos bans night construction, sets 6pm deadline for daily work
Housing

Lagos to review property, rental laws – Sanwo-Olu

The Lagos State Governor, Babajide Sanwo-Olu, stated that the government was reviewing the Lagos State Property Law of 2010 and the Lagos State Rental Law of 2011. The Punch reported that he said this at the recently finished Real Estate Developers Association’s 5th Lateef Jakande Housing Lecture Series. Sanwo-Olu claimed that the government intends to use […]

The Pension Fund Operators Association of Nigeria has emphasized that workplace mental health programs must be given top priority by corporate firms.
featured

PFAs profit N8trn from pension investments – Report

A recent report states that the Pension Fund Administrators have raked in a profit of N7.98 trillion from the investments made by employees into their Retirement Savings Accounts under the Contributory Pension Scheme. According to The Punch, a report from the Pension Fund Operators Association of Nigeria revealed that as of the end of the second quarter of 2023, […]

Lagos receives €410m Omi Eko project funding at COP28
Business

Lagos receives €410m Omi Eko project funding at COP28

Lagos State has secured funding for the €410 million Omi Eko project at the ongoing 28th Conference of the Parties on Climate Change being held in Dubai, UAE. The Times reported that an AFD loan of €130 million, an EIB loan of €170 million, a grant of €60 million from the European Union, and the […]

Elon Musk polls users, restores Alex Jones’ account
News Tech

Elon Musk polls users, restores Alex Jones’ account

Social media platform X is set to reinstate the handle of conspiracy theorist Alex Jones after a poll by the platform’s owner, Elon Musk. Under the former leadership of the social media platform, Jones was barred from using it in 2018 for violating its policies about aggressive behavior. Musk posted a poll on Saturday night […]

Business

NECA urges FG to address exit of multinationals

The Nigeria Employers’ Consultative Association has advocated for proactive measures to mitigate the impact of the multifaceted challenges that businesses are currently facing, which is leading to the exit of multinational companies. The Punch reported that NECA applauded the Federal Government for providing the N125 billion Presidential Palliative Program as a means of aiding manufacturers and […]

Ooni of Ife advocates buying of local products 
Business

Ooni of Ife advocates buying of local products 

The Ooni of Ife and a first-class monarch, Oba Adeyeye Ogunwusi, has pushed the federal government to increase its support of local manufacturers in an intentional effort to boost the economy. According to The Punch, Ooni criticized the government for using the dollar as a benchmark for the economy, stating that it was time for it […]

NNPCL fuel subsidy gains not fully remitted - World Bank
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$321,867 SMEs receive $1.4bn funding in six years – W’Bank

The World Bank said in a report on Friday that 321,867 Micro, Medium, and Small Businesses have benefited from wholesale funding totaling $1.4 billion over the course of six years. The Punch revealed that the funds disbursed through the Development Bank of Nigeria were to provide long-term loans and risk-sharing facilities to small enterprises, of which […]

Google launches AI-powered app NotebookLM
News Tech

Google launches AI-powered app NotebookLM

Google released the AI-powered app NotebookLM for users in the United States who are older than 18 during the I/O event in 2023. This application primarily uses Google’s internal AI systems, such as PaLM 2 and Gemini Pro. It’s not on a waiting list, but it is still experimental. This allows NotebookLM to assess and […]

Business

Morocco tops Africa in business-friendly ranking

Morocco stands out as the country with the highest Open for Business score of 58.0, placing it in 31st place worldwide. According to a United States News and World Report report, Africa is becoming a more popular destination for entrepreneurs as the world’s attention is drawn to the continent’s developing economies. The report also reveals […]

FG secures $150m Chinese deal for battery production
Business

FG secures $150m Chinese deal for battery production

The Rural Electrification Agency and the National Agency for Science and Engineering Infrastructure have signed a $150 million deal with Chinese investors for battery manufacturing. The Times reported that this message was conveyed by the Director of Promotion and Outreach at REA, Malam Mutari Ibrahim, in a statement released on Friday in Abuja. Ibrahim stated that the agreement […]

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