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EFCC defends Osun account freeze, cites N11bn probe

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US introduces $250,000 visa bond rule for some applicants

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Marketers predict more fuel queues due to pipeline vandalism
Oil and Gas

Marketers predict more fuel queues due to pipeline vandalism

Petrol queues lingered in Lagos and Ogun states on Wednesday, as oil merchants anticipated harsher days ahead in terms of product availability. According to The Punch, several motorists were observed queuing at filling stations across the states, with some oil sector operators predicting that the petrol shortage will not be alleviated anytime soon. Chairman of […]

Apple explores using 3D printers to create smartwatches
News Tech

Apple explores using 3D printers to create smartwatches

Apple is testing 3D printers to create the steel frames for some of its future smartwatches, according to a Wednesday Bloomberg News report. According to the article, the production method would make it unnecessary to cut metal components into the shape of the product, speeding up the creation of the devices while also being more […]

Instagram cuts 60 jobs
News Tech

Instagram tests longer Reels

Instagram is internally testing the capacity to produce Reels that are up to 10 minutes long, TechCrunch reported on Wednesday. The social media giant claims that it is not testing the capacity, however Alessandro Paluzzi, a reverse engineer, revealed photos of the internal prototype where the feature was first discovered. Reels’ time limit would be […]

FG may increase employee pensions in 2024 - Wages Commission
News

Lagos pays 644 retirees N2bn pension

The Lagos State Government has paid 644 retirees a total of N2.017 billion in retirement payments. According to the National News Agency of Nigeria, the Director-General of the Lagos State Pension Commission, Babalola Obilana, made the statement on Wednesday during the distribution of the 101st batch of Retirement Bond Certificates to pensioners in Lagos State. According to […]

Customers metres to be repaired in two days - NERC
News Tech

Customers metres to be repaired in two days – NERC

The Nigerian Electricity Regulation Commission has stated that customers who have malfunctioning electricity metres are entitled to a repair within two business days. Dr. Abdulkadir Shettima, NERC General Manager, Finance and Management Services, stated as much during a recent NERC Workshop for Civil Society Organisations and Consumer Advocacy Groups in Kano state. He was speaking […]

National grid goes 400 day without collapse
featured

National grid goes 400 days without collapse

The Transmission Company of Nigeria stated that the Nigerian power grid has been stable for 400 days without interruptions or system failures, totaling 13.3 months. TCN’s general manager, Mrs Ndidi Mbah, hailed the milestone achievement in a statement on Tuesday. According to the firm, the milestone represents a significant advancement in the country’s efforts to strengthen its […]

Venom, Hallmark launch physical gift cards
News Tech

Venom, Hallmark launch physical gift cards

Venmo and greeting card maker Hallmark have partnered to enable users to send physical gift card that is loaded with money. The price of this new collection of cards, according to Hallmark, will be $4.99 on the company’s websites, at Hallmark Gold Crown stores, and at a few other retailers. People will have the option […]

Flour Mills shareholders approve BAGCO as subsidiary
Business

Flour Mills Nigeria records ₦39.78bn profit despite forex, interest expenses

Flour Mills Nigeria has released 2023 full-year results, with pre-tax profit increasing 1.45% year on year to N39.783 billion. Despite dealing with foreign exchange losses and significant interest payments, FMN managed to increase its pre-tax profit by 1.45% year on year, reaching N39.78 billion. This achievement was primarily driven by the company’s strong growth across all […]

Scientists launch Arabic-powered AI
News Tech

Scientists launch Arabic-powered AI

A team of engineers, scientists, and a semiconductor manufacturer from Silicon Valley worked together to publish sophisticated Arabic language software that can power applications for generative AI. With 13 billion parameters, the new massive language model known as Jais was created from a large collection of data mixing Arabic and English, some of which came […]

NAHCO Director acquires additional shares worth N9.8m
Business

NAHCO Director acquires additional shares worth N9.8m

Non-Executive Director of Nigerian Aviation Handling Company Plc, Tajudeen Shobayo, has purchased 540,730 shares for N9.8 million. The Times stated in a notice of Directors Dealings signed by Company Secretary Bello A. Abdullahi and sent to the Nigerian Exchange Limited. The transaction was completed on August 25, 2023, according to the notice issued by Company Secretary, […]

102.39m Nigerians now have NIN - NIMC
Business

102.39m Nigerians now have NIN – NIMC

The National Identity Management Commission has announced that the National Identification Number has been issued to 102.39 million Nigerians as of August 28, 2023. This was disclosed by the Commission in its recently released NIN enrolment data. According to the data, enrolment for the ID number was yet to resume after slowing in July. The total […]

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