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NNPCL okays CNG usage for Nigerians
Oil and Gas

NNPCL okays CNG usage for Nigerians

The Nigerian National Petroleum Company Limited’s Group Chief Executive Officer, Mele Kyari, has stated that the CNG deployment would be completed by the first quarter of 2024. He made this comment in a video that the NNPCL shared on important details that Nigerians should be aware of in light of the organization’s most recent deal with Nipco […]

Nigerian Breweries report N106bn loss
News

International Breweries warns Nigerians against irresponsible alcohol consumption

Participants in the Smart Drinking Roundtable Session of the 2023 International Breweries advised Nigerians to adopt appropriate drinking practices. The Punch reported that the event, which was recently held in Port Harcourt, had as its theme “Exploring Strategies to Promote Responsible Drinking Habits and Reduce the Negative Impact of Excessive Alcohol Consumption,” according to a statement […]

How manufactured goods imports gulp $6.7bn in six months – Report
Business

Why manufacturers should embrace data-driven pricing – Stakeholders

Manufacturers and service providers have been urged to adopt a data-driven pricing model in order to maintain their competitive edge and navigate the shifts in the new unpredictable world. The Punch reported that stakeholders said this at the NielsenIQ Breakfast Conference with the theme “Navigating the New World of Uncertainty” held recently in Lagos. The stakeholders believe […]

Nigerian Exchange ahead in Africa with 33.70% gain
featured

Naira crashes to N885/dollar in parallel market

The parallel market, often known as the black market, saw a new low for the Naira on Thursday of N885 per dollar. The dollar traded at N885/$1 on Thursday, down from N875/$1 on Wednesday as the foreign exchange market came to an end. This represents a 1.14 percent decline in the value of the naira. […]

Four consortia to repair deteriorated pipelines - NNPCL
Business

NNPCL, NIPCO partner to deliver CNG

The Nigerian National Petroleum Company Limited said on Thursday, August 3, via its Twitter account that it is collaborating with NIPCO Plc to distribute compressed natural gas to Nigerians. This information follows President Tinubu’s recent declaration that his administration would provide local governments and states with buses powered by compressed natural gas. The corporation made the […]

SpaceX’s Starlink hit 4m subscribers
News Tech

Starlink, ‘low-priority’ South Africa’s rift deepens

SpaceX’s satellite internet service, Starlink has classified South Africa as a low-priority area for a potential launch. This classification became necessary for Starlink as regulatory rift continue between the Elon Musk-led company and the South African government. SpaceX clarified the situation by claiming that it had a method for prioritising nations before a Starlink rollout. […]

Brave launches image, video search engine
News Tech

Brave launches image, video search engine

Privacy-focused search engine Brave launched its own image and video search engine. “We realize that the redirect option was not popular with some of our users, and thank them for their patience during this transition,” a blog post announcing Brave’s new feature reads. “This was a temporary decision to help users find results with minimum […]

Google implements new enhanced security features for users
News Tech

Google to facilitate easy removal of illicit images from Search

Google is providing are intended to aid users in maintaining control over their personal data, privacy, and online security. “We have long had policies that enable you to remove non-consensual explicit imagery from Search,” Google wrote in a blog post. In addition to revising its standards on personal, explicit photographs, Google said on Thursday that […]

X still offline in Brazil as company pays fine to wrong account
News Tech

X to develop trading hub inside app – Report

The social media network X, formerly known as Twitter, is looking to develop a trading hub inside the app, according to a Thursday report from Semafor. In recent weeks, request plans for bids for financial information, real-time stock data, and other services were issued to major providers. It was unclear which companies, if any, submitted […]

Meta tests AI-suggested comments on Instagram for users
News Tech

Instagram launches feature to block unwanted DM requests

Instagram is introducing a new feature that will better safeguard users against unsolicited photos and videos in direct messages. After testing the function for a few weeks, Instagram will make it official on Thursday. Cindy Southworth, Head of Women’s Safety at Meta, stated through email, “We want people to feel confident and in control when […]

FG targets 6500 megawatts power generation in six months
Electricity

DisCos earn N247bn from customers – Report

Electricity distribution companies earned just N247.09 billion in income from the N359.38 billion billed to customers in the first quarter of 2023. This is in accordance with the Nigerian Electricity Regulatory Commission’s Q1 2023 Electricity Report. This resulted in a collection efficiency for the highlighted time period of 68.75%, as per the NERC report. The report also […]

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