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Myspace seeks comeback as algorithms reshape social media

Tech

Global EITI team arrives to assess Nigeria’s oil, gas

Oil and Gas

Spain checks 200 travellers as Italy border controls begin

Business

Iran sets conditions for reopening Strait of Hormuz

News

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Google releases AI multisearch feature
News Tech

Google starts deletion of inactive accounts dec 1

Google has stated that it will be deleting inactive Google accounts worldwide beginning on December 1. The contents of such accounts, including as Gmail, Photos, Drive documents, Contacts, and so on, will likewise be deleted by the company. Google disclosed in May that old or inactive accounts are more vulnerable to hacking, and the company […]

Huawei moves smart car production to new joint company
News Tech

Huawei moves smart car production to new joint company

China’s Huawei announced on Sunday that it will transfer key technologies and assets from its smart car division—which has had strong sales of many new cars—to a newly formed joint venture called Changan Auto. According to a press statement from Huawei, the new business will work on the creation, manufacturing, marketing, and servicing of intelligent […]

Manufacturing sector's contribution to GDP drops to 8.42% in Q3
News

Manufacturing sector’s contribution to GDP drops to 8.42% in Q3

Bisola David The manufacturing sector’s actual GDP contribution to Nigeria fell to 8.42% in the third quarter of 2023. According to The Times, compared to the 8.62% contribution of the sector in the second quarter of 2023, this statistic is lower by 0.20%. The sector’s economic contribution was 8.59% in the quarter that compared to […]

Dangote refinery to import crude oil from Libya
News

Dangote refinery targets 350,000bpd – Report

Bisola David   The chairman of the Dangote Group, Aliko Dangote, has announced that the refinery will begin operations in December 2023 and that its first target will be 350,000 barrels per day. He stated this in an interview with the Financial Times on November 25. Dangote said that the eagerly anticipated refinery will begin operations with 350,000 […]

FG vows to back W'African gas pipeline project
News

FG vows to back W’African gas pipeline project

Bisola David The federal government led by President Bola Tinubu has reaffirmed its commitment to helping the West African Gas Pipeline Project achieve its goals and reach its full potential, according to Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo. The Punch reported that Ekpo said this in his speech at the WAGP Authority Committee […]

How open drug market threatens pharma sector – Expert
Business

How open drug market threatens pharma sector – Expert

Former registrar of the Pharmacy Council of Nigeria, Elijah Muhammad, stated on Thursday that an uncontrolled free drug market poses a serious threat to Nigeria’s pharmaceutical industry. According to The Punch, Muhammad made this revelation in Lagos during the 2023 International Conference and Investiture, which was hosted by the Courier and Logistics Management Institute. According to […]

Nigeria is Norway's top importer of stockfish - Report
Business

Nigeria is Norway’s top importer of stockfish – Report

Nigeria, according to the Norwegian Seafood Council, is the country’s largest stockfish importer. According to The Punch, this was revealed in Lagos, Nigeria, at an all-day interactive workshop with regulatory bodies and parties involved in the import and export of seafood, including stockfish. Nigeria is the primary importer of Norwegian stockfish, a product with a […]

featured

Nigeria is finished if manufacturing sector dies, MAN warns

    The Manufacturers Association of Nigeria has criticized the Federal Government’s decision to lift a ban on the importation of 43 specific items into the country, a move previously restricted by the Central Bank of Nigeria for eight years. These items encompass essentials such as rice, cement, margarine, palm kernel, palm oil products, vegetable […]

Gulf Air suffers cyberattack
News Tech

Gulf Air suffers cyberattack

Gulf Air has disclosed that its critical systems and operations were unaffected despite a data breach that occurred on Friday, Bahrain’s news agency BNA reported on Saturday The company was cited by the agency as stating that emergency preparations were put in place to limit the breach and that “some information from the company’s email […]

Aviation ministry gets N40bn approval for NAVAID upgrade
Aviation

“Airlines sign SAF $45bn forward purchase agreements” – IATA

Airlines have secured global forward purchase agreements for Sustainable Aviation Fuel worth $45 billion, according to an announcement made by the International Air Transport Association. The Times reported that the International Civil Aviation Organisation held the Third Conference on Aviation Alternative Fuels in Dubai on Friday when this information was revealed. The conversations mostly focused on how important it […]

NEITI to release old data, says global body
Oil and Gas

Nigeria made $764bn from oil, gas sector 21 years – NEITI

Nigeria’s oil and gas industry brought in $764.52 billion from 1999 to 2021. This is according to the Nigerian Extractives Industries Transparency Initiative’s Executive Secretary, Dr. Ogbonnaya Orji. The Times reported that during his speech this week at the Nigeria Energy Forum, he provided the numbers. Important figures mentioned by Dr. Orji during his speech […]

HSBC
News Tech

HSBC restores online banking services after outage

Following significant disruptions for clients on Black Friday, HSBC’s online and mobile banking services have been restored. The bank claimed that a problem with its “internal systems” was the cause of the problems, which started just after 8 a.m. on the popular shopping day. After beginning to resume late on Friday, services were back up […]

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