Blog

Amazon restructures Wondery Podcast Studio, cuts 110 jobs
News Tech

Amazon shareholder sues Bezos over contracts

A shareholder of Amazon has filed a lawsuit against the company’s founder Jeff Bezos and the board of directors. The plaintiff claiming that they were negligent in their evaluation of the decision to give Blue Origin, Bezos’ space company, launch contracts for the company’s Project Kuiper satellite project. According to the lawsuit brought by the […]

CWAY launches energy drink
Business

CWAY launches energy drink

CWAY Food and Beverages Nigeria Company Limited has introduced Boxi Energy Drink, a non-caffeinated and non-carbonated energy drink. The managing director of CWAY Food and Beverages, Arun Bhintade, said during the product’s recent debut in Lagos that the energy drink demonstrated the business’ constant dedication to providing Nigerians dependable consumer-centric solutions. According to him, “Boxi is […]

Ex-Stanbic IBTC CEO David-Borha sells shares
Banking

Ex-Stanbic IBTC CEO David-Borha sells shares

The previous CEO of Stanbic IBTC Holdings, Sola David-Borha, sold 615,812 shares of the company. The Punch reported that David-Borha carried out the transaction on Thursday on the platform of the Nigerian Exchange Limited, according to a notice on the director’s dealings. The shares sold for an average price of N63.21 per unit, totaling N38.925m for […]

NEITI to release old data, says global body
News

FG, states, LGs split N4.37trn in six months – NEITI

The Nigeria Extractive Industries Transparency Initiative has revealed that the three levels of government—federal, state, and local—divided a total of N4.37 trillion in statutory revenue allocations from the Federation Account between January and June 2023. This was stated in its most recent report on revenue allocations from the Federation Account for the first half of […]

The Vice-Chancellor of Maduka University, Enugu State, Professor Charles Ogbulogo, has said Nigeria’s blue economy holds great potential for the country and can contribute $1.5tn to the global economy if properly harnessed.
Business

Enugu to promote trade with investment roundtable

The first Enugu State Investment and Economic Growth Stakeholders Roundtable is slated for September 1 and is part of the Enugu State Government’s strategy to promote business, industry, and trade in the state. According to The Punch, the state’s governor, Peter Mbah, will present a $2.1 billion project pipeline to domestic and foreign investors. Mbah informed […]

UAE commits to $25bn Nigeria-Morocco gas pipeline project
Oil and Gas

NNPCL to repair vandalized pipelines September ending

The shortage of Premium Motor Spirit, sometimes known as petrol, in sections of Lagos and the South-Western states, may last until the end of September, and it may spread to other areas if not solved urgently. On Thursday, it was learned that the scenario might persist until the end of the month since the System 2B […]

ISO recertifies VDT Communications
Business

ISO recertifies VDT Communications

The British Standard Institute has granted VDT Communications Limited, a supplier of broadband communication services in Nigeria, an International Standards Organisations recertification. The Punch reported that the organization’s dedication to providing high-quality services was reiterated in a news release by the chief operating officer, Mrs. Bimbo Ikumariegbe. She stated, “We are proud to report that VDT […]

Equity investors lose N1.5tn as bond yield rises
Banking

CBN, FG to assess new regulation on bank customers

The national commissioner of the Nigerian Data Protection Commission, Dr. Vincent Olatunji, revealed that the commission had established a joint committee with the Central Bank of Nigeria to review the rule requiring financial institutions to collect customer data, including social media handles. The Punch reported that he made this announcement on Thursday during a two-day Abuja […]

FG to create trust fund for poverty alleviation
Business

FG to create trust fund for poverty alleviation

The Minister of Humanitarian Affairs and Poverty Alleviation, Dr. Betta Edu, stated on Thursday in Abuja that the Federal Government would create a Presidential Humanitarian and Poverty Alleviation Trust Fund. Edu, who spoke at the Bill and Melinda Gates Foundation’s country director’s visit to the humanitarian ministry, said the fund was one of many initiatives to […]

Mutual Benefits encourages staff wellness
Business

Mutual Benefits encourages staff wellness

In an effort to encourage employee wellness, Benefits Assurance Plc and its subsidiary, Mutual Benefits Life Assurance Limited, have opened a corporate gym. The Punch reported that in a statement, the corporation said that the cutting-edge facility at its headquarters demonstrated its dedication to supporting the physical and emotional wellness of its staff. The underwriting […]

Accion to empower micro-entrepreneurs, low-income earners
Banking

Accion MfB promotes funding for youth leadership initiatives

The chief executive officer of Accion Microfinance Bank, Mr. Taiwo Joda, has stated his commitment to developing the leadership skills of young people. According to a statement, as part of his extensive youth inclusion drive, he held the first session of the “Leadership Thoughts program: A mind-shifting session with TJ.” The conference was hosted in the […]

Fidelity Bank targets $250m Nigeria, UK businesses' deal
Banking

Fidelity Bank offers loan program to schools

As summer vacation comes to an end, Fidelity Bank Plc says it would assist schools in effectively preparing for the next session and delivering quality education. In a statement, it claimed administrators of private primary, secondary, and tertiary institutions in Nigeria may receive loans of up to N180m through its product known as the Fidelity […]