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Seplat, Aradel, Oando post ₦7.05trn revenue amid US-Iran

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Seplat, Aradel, Oando post ₦7.05trn revenue amid US-Iran war

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High demand greet iPhone 15 launch in China
News Tech

High demand greet iPhone 15 launch in China

Chinese customers on Friday filled up Apple’s flagship location in Shanghai, China’s financial centre on the first day of in-store availability for the iPhone 15 to purchase the device. The demand for the gadget in Apple’s third-largest market has come under close examination from both fans and market observers following the introduction of a high-end […]

Apple TV+ to launch on Amazon Prime Video in US
News Tech

Amazon to introduce ads in Prime Video in 2024

Amazon Prime Video users will start to see adverts in movies and series in early 2024 unless they pay the price to subscribe to an ad-free tier. Amazon’s initiative comes after rivals Netflix and Walt Disney made comparable announcements. The number of new customers joining streaming services has been declining as consumers cut back on […]

Ellah Lake director Hauwa Nuru resigns following political appointment
Appointments

Ellah Lake director Hauwa Nuru resigns following political appointment

Ellah Lakes Plc has announced Hauwa Nuru’s resignation as a director as a result of her political appointment. The Times reported that this information was made public in a formal declaration that was delivered to Nigerian Exchange Limited. “Governor AbdulRahman AbdulRasaq has appointed Hauwa Nuru to the position of Commissioner of Finance for Kwara State. “Hauwa […]

Manufacturers warn price hikes to persist without solutions
Business

How FG caused N285bn decline in raw material exports – MAN

The Manufacturers Association of Nigeria has stated that the government’s disregard for the productive sector is to blame for the N285 billion annual fall in Nigeria’s exports of raw materials. According to a National Bureau of Statistics examination of foreign trade statistics, exports of raw materials decreased to N345.5 billion in the first half of 2023 […]

South Korea expresses interest in Nigeria's lithium
Business

South Korea expresses interest in Nigeria’s lithium

The South Korean government has expressed interest in the lithium resources in Nigeria. The South Korean government had been approached by the Nigerian government at the Seventh Korea-Africa Economic Cooperation conference held in Busan, South Korea according to the statement issued by the Nigerian Ministry of Solid Minerals Development and signed by the Deputy Director (Information), Alaba […]

Shareholders to get N1.5bn dividend - NGX Group
Business

NGX trade volume hits N1.12bn

The daily volume of trade on the Nigerian Exchange Limited surged by 98% to 1.12 billion units on Thursday as investors lost N35 billion at the end of the trading session. According to The Punch, 566,631,350 units worth of equity trades totaling N5.39 billion were announced on Wednesday. Despite the increase in trade volume, the […]

Naira crosses N1,000/$ in parallel market
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Naira crosses N1,000/$ in parallel market

    The foreign exchange crisis in Nigeria deepened on Thursday as the parallel market witnessed a significant surge in the exchange rate, with the dollar being traded for more than N1,000. According to Daily Trust, reports from various black markets in Lagos indicated that the dollar initially traded for rates ranging between N1,000 and […]

Tinubu woos American investors
Business

Tinubu woos American investors

    President Bola Tinubu has informed potential investors that Nigeria offers a unique mix of prospects that they would not find anywhere else. He also advised them not to be deterred by negative narratives spread by various sectors. “Nigeria is an opportunity that is impossible to replicate or find elsewhere in any part of […]

Microsoft proposes relocation of Chinese staff over US-China tensions
News Tech

Microsoft unveils AI for Windows 11, surface devices

Microsoft on Thursday unveiled a “unified” artificial intelligence for its Windows 11, and four new Surface devices as well. The new AI tool, dubbed Copilot, is compatible with the Microsoft 365 software package, Bing, Edge, and other web and productivity products from the business. The most recent updates to Windows 11 will be released on […]

ICC goes analogue after cyberattack
News Tech

ICC goes analogue after cyberattack

The International Criminal Court is now working with strict controls on its digital systems, according to sources and lawyers who work at the war crimes court on Thursday, after a hacking incident. According to Reuters, two solicitors said that the court had severed the majority of its internet-accessible systems, meaning that staff members are unable […]

Former 50 Cent staff plead guilty to $2.2m theft
News

Former 50 Cent staff plead guilty to $2.2m theft

A former employee of legendary rapper 50 Cent has admitted to stealing $2.2 million worth of the celebrity’s champagne and cognac brands. According to NJ News, the expensive price tags which frequently reach $200 per bottle were not just the result of greater quality. Reportedly, a former director of brand management for Sire Spirits, Mitchell Green, stated that […]

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