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Ooni urges support for homemade frabrics
Business

Ooni urges support for homemade frabrics

The Oba of Ogunwusi has stated that the government should promote initiatives like homemade goods known as Adire. The Punch reported that he said this while he gave a speech on Saturday at the Moremi Ajasoro Queen Tricycle Riders graduation ceremony which was held concurrently with the South West Adire producers’ presentation of their attire and featured […]

Banks record N72bn from account maintenance
Banking

Banks record N72bn from account maintenance

In the first half of 2023, account maintenance fees brought in N72.723 billion for 11 banks that are listed on the Nigerian Exchange floor. The Times reported that this is based on information taken from the listed commercial banks’ half-year financial statements on the Nigerian stock exchange. Access Holdings, GTCO, UBA, Zenith Bank, and GTCO took […]

Jaiz Bank demands listing of N5.4bn shares on NGX
Banking

Jaiz Bank names Alhaji Ibrahim Indimi as Non-Executive Director

The Board of Directors of Jaiz Bank Plc has announced the appointment of Alhaji Ibrahim Indimi as Non-Executive Director. The Times reported that a formal declaration from the bank bearing Mohammed Shehu’s signature and forwarded to Nigeria Exchange Limited made this admission. The Central Bank of Nigeria, a significant regulatory authority, has given its approval for […]

Thailand hopeful of investments from Big Tech
News Tech

Thailand hopeful of investments from Big Tech

The prime minister of Thailand, Srettha Thavisin, stated on Sunday that the company anticipated investments from Tesla, Google, and Microsoft totaling at least $5 billion. He however did not specify if the $5 billion was anticipated to be a combined investment or funded separately by each company. “Tesla would be looking into an EV manufacturing […]

Google sorts mail by relevance with AI-powered update
News Tech

Google shuts down HTML mode on Gmail

Google has disclosed that beginning in January 2024, Gmail users who still utilise the service’s HTML Basic View option won’t be able to. “You can display Gmail on your browser in Basic HTML view until January 2024. After this date, Gmail automatically changes to Standard view”. Google said. In comparison to the currently advertised version […]

Mozilla rebrands Firefox accounts to Mozilla
News Tech

Mozilla rebrands Firefox accounts to Mozilla

Mozilla on Saturday announced that it is changing the name of Firefox accounts to Mozilla accounts. The synchronisation of data between many Firefox installations on the same or other devices is one of the primary functions of a Firefox account. Mozilla argues that as the initial emphasis was on the Firefox web browser and its […]

Elon Musk unveils AI startup
News Tech

Elon Musk begs celebrities to use X platform

X CEO, Elon Musk has implored celebrities to use the microblogging platform in pushing their craft. tweeting at celebs to use his platform. “I recommend posting some music or concert videos directly on the X platform,” Elon Musk tweeted at Taylor Swift after she announced earlier this week that her album “1989” would be re-released. […]

FG's 10-man panel to investigate airlines over fare hike
Aviation

Interest rate, high insurance premium killing Nigerian airlines – NCAA

The Director-General of Civil Aviation, Capt. Musa Nuhu, has emphasised the significant difficulties that Nigerian airlines face in a challenging economic climate. The Times reported that 25% interest rate on loans and the high insurance fees for airplanes, he emphasized, are big burdens. Nuhu highlighted the negative effects of these high operational costs, which make it […]

PhonePe launches Indus appstore developer platform
News Tech

PhonePe launches Indus appstore developer platform

A major player in digital payments owned by Walmart, PhonePe, has introduced its Indus Appstore Developer Platform in India. The launch by PhonePe will give Google, a dominant player in India, a run for their money. In a press statement, the company stated that its native Android app store is “designed to fulfil the localised […]

Dating sites Tinder, Hinges sued for exploiting user addiction
News Tech

Tinder unveils $500 membership plan

Dating platform, Tinder has unveiled a new membership plan which runs about $500 per month. According to the company’s website, Tinder Select is a “VIP” option that is only available to around 1% of the dating app’s most active users. Users of Select will have access to premium features like “Skip The Line,” which lets […]

FG targets 6500 megawatts power generation in six months
Electricity

Nigeria to achieve 20,000 megawatts by 2026 – Minister

Kazeem Owoseni     The Minister of Power, Bayo Adelabu, has revealed the plans by the Federal Government to generate 20,000 megawatts of electricity in Nigeria, by 2026 and 60,000MW by 2060.   Adelabu who disclosed this during his visit to the National Control Centre of the Transmission Company of Nigeria in Osogbo, Osun capital […]

Nigerians spent N509.84bn on electricity in Q4 2024 - NERC
Business

Why DisCos can’t increase tariff rates on their own – EMRC

The Energy Consultant at Energy Markets Rates and Consultants Limited, Ikhide Asuelimen, has stated that distribution companies cannot raise tariff rates on their own. He made this comment in a podcast program that the business this week broadcast. He said it in response to the notion that meters operate quickly after being tricked by distribution […]