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NAFDAC cuts licensing fees by 65%
featured News

NAFDAC shuts Lagos pharmacy, drug stores over controlled drugs sale

The National Agency for Food and Drug Administration and Control has closed two drug stores in Idumota and one pharmacy in Surulere, Lagos, for selling unregistered and uncontrolled medications. The affected Idumota establishments belonged to Blue Choice Pharmaceutical Ltd., while VaticanBell Pharmacy in Surulere faced closure. Furthermore, Global Oneword Healthcare Ltd.’s little drug warehouse in […]

Tesla unveils $60,990 entry level cybertruck
Business

Tesla unveils $60,990 entry level cybertruck

Billionaire Elon Musk’s least expensive Cyber Truck, which is made by Tesla, would cost at least $60,990. According to Bloomberg, this comes after Tesla Inc., the maker of electric cars, triumphed over a two-year ordeal marked by production setbacks and delays to formally introduce to consumers the first Cybertrucks inspired by Blade Runner. It has […]

NACCIMA, EU partner on business innovation
Business

NACCIMA, EU partner on business innovation

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture and the European Union have formally declared their partnership. This was confirmed on November 29, 2023, at the European Union and NACCIMA Business Evening, which was sponsored by the EU President and Spanish Ambassador, Juan Sell. The gathering included over seventy business leaders, ambassadors, and […]

Zenith Bank, CFA Institute partner on capacity building
featured

Zenith Bank, CFA Institute partner on capacity building

Zenith Bank Plc and the Chartered Financial Analyst Institute have signed a Memorandum of Understanding to advance the development of human resources in finance and investment for the general advancement of the financial services industry in Nigeria. The Punch reported that the MoU was signed at this week’s CFA Institute Africa Investment Conference by the Group Managing […]

White House leads TikTok acquisition deal
News Tech

US Judge halts TikTok ban in Montana

A U.S. judge on Thursday declared that Montana’s first-ever state ban on the use of the short-video sharing app TikTok violated users’ right to free speech and prevented it from going into effect on January 1. A preliminary injunction was ordered by U.S. District Judge Donald Molloy to prevent the state from banning the Chinese-owned […]

Oil and Gas

Brent crude rises to $83 per barrel

The price of a barrel of Brent crude reached $83 for the first time since April 25th, as the Organisation of Petroleum Exporting Countries meets today. According to a review of global oil prices, Brent crude was trading at $83.60 at 7:47 a.m. GMT+1 on Thursday, November 30. Crude producers are preparing for the OPEC meeting which was […]

Evernote limits free users to fifty notes
News Tech

Evernote limits free users to fifty notes

Evernote has made a new default free plan, just days after the company began testing a free plan with limited customers that allowed access to one notebook and fifty notes. This new update from the notekeeping app takes effect on December 4. Evernote stated in a blog post that users can remove content from their […]

Meta's Threads app introduces live sports scores feature
News Tech

Meta’s Threads to launch in Europe

Meta’s text-based social network Threads, which launched in July, will make its European debut next month, according to the Wall Street Journal. Meta may make its app available to users in the region for consumption in view-only mode in order to comply with EU legislation. This implies that seeing postings won’t always require creating a […]

US to finance mining projects in Nigeria - Dele Alake 
Business

US to finance mining projects in Nigeria – Dele Alake 

The Minister of Solid Minerals Development, Dele Alake, has revealed that the US government and the federal government of Nigeria are in advance talks about financing mining companies and infrastructure in Nigeria. He said this during a meeting with the US Assistant Secretary for Energy and Natural Resources, Geoffrey Pratt, on the sidelines of the Mines & Money conference […]

Business

SMEDAN seeks partnership to address MSMEs’ power issues

The Director General of the Small and Medium Enterprises Development Agency of Nigeria, Charles Odii, stated that the agency is addressing the power challenges faced by MSMEs in Nigeria. The Punch reported that over thirty percent of businesses in Nigeria are affected by energy costs, according to the Manufacturers Association of Nigeria. The challenges faced […]

Telecom firms vow to support MVNOs Network
Telecommunications

Telecom firms vow to support MVNOs Network

The Telecom Core Network infrastructure platform had previously declared its intention to enable service providers in the broadband, unified communications, mobile, and fixed wireless domains to grow, including Mobile Virtual Network Operators. The Punch reported that the company claimed that it would accomplish this by enabling the service providers to streamline the launch, management, and improvement […]

Nigerians not aware of all opportunities provided by AfCFTA - Stakeholders
Business

Nigerians not aware of all opportunities provided by AfCFTA – Stakeholders

Stakeholders of the African Continental Free Trade Area have expressed concern that Nigerians are not taking advantage of all the opportunities available to them. According to The Punch, the stakeholders who participated in a roundtable discussion on the AfCFTA and Trade-in-Services on Tuesday, hosted by the Centre for International Private Enterprises, disclosed that providing services […]