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CBN denies rumors on suspension of OPAY, PALMPAY
Banking

CBN denies rumors on suspension of OPAY, PALMPAY

The rumors that the Central Bank of Nigeria has suspended accounts of Fintech businesses like OPAY and PALMPAY have been labeled as false by the bank. The viral rumor is “just fake,” CBN’s Acting Director of Corporate Communications, Isa AbdulMumin, told the News Agency of Nigeria in Abuja on Friday. According to the widely circulated […]

Access Bank to acquire National Bank of Kenya
News

Access Bank, stakeholders call for rise in women representation at workplaces

  By Christian George As Access Bank marks its 2023 International Women’s Day on Thursday in Lagos, stakeholders have called for effective representation of women in the workplace. Delivering a keynote address with the theme: “Embrace equity,” the President of the African Development Bank, Dr Akinwunmi Adesina said the bank had the highest percentage of […]

Chad nationalizes all Exxon Mobil's assets
Oil and Gas

Chad nationalizes all Exxon Mobil’s assets

The West African nation’s energy and hydrocarbons ministry said in a statement on Thursday that Chad has nationalized all assets and rights, including hydrocarbon permits and exploration and production authorizations, belonging to a subsidiary of Exxon Mobil. Exxon Mobil announced in December 2022 that it had reached a $407 million agreement to sell its operations […]

People on the street of Japan
Business

Japan’s Consumer Price Index rises by 3.1%

Japan’s Consumer Prices Index rose by 3.1% year-on-year in February, which is a slower rate than the four-decade highs seen in previous months. AFP reported that the figure excludes fresh food and is in line with market expectations, following the introduction of relief measures by the government for the increasing cost of energy bills. This […]

Nigeria Air: FG warns against fake recruitment website
Uncategorized

Nigeria Air will begin flight soon– FG

The Federal Government through the Ministry of Aviation has disclosed that local and international flights of the national carrier, Nigeria Air will begin soon. This was despite the controversies around its establishment. According to The Punch, the minister of aviation, Hadi Sirika, disclosed this during  the ongoing National Aviation Stakeholders Forum 2023 in Abuja on […]

How Ford's EV business lost $2bn in 2022 - Report
Business

How Ford’s EV business lost $2bn in 2022 – Report

Ford Motor Company announced on Thursday that its electric car business lost $2.1 billion in operational profit last year, which was more than offset by $10 billion in operating profit from its internal combustion and fleet businesses. The Detroit carmaker anticipates similar results in 2023, projecting an adjusted loss for its EV unit of $3 […]

Zamfara state map
News

Hoodlums damage N1bn worth properties at Zamfara NBTI centre

Hoodlums have vandalised the building of the National Board for Technology Incubation in Zamfara state.   The News Agency of Nigeria reported that the hoodlums took advantage of celebrations trailing the victory of the Peoples Democratic Party during the governorship election in the state to wreck their havoc.   NBTI member in charge of north […]

Aviation featured

International airlines raise exchange rate to N551/$1

International Airline operators in Nigeria have reportedly adjusted their exchange rate from N462/$1 to N551/$1.   Nairametrics reported that airlines adjusted the exchange rate on their Global Distribution System owned by Amadeus.   The exchange rate between the naira and dollar sold as high as N551/$1 for the second straight day, on the official spot […]

Many gathered to protest against pension reform
Business

Strikes hit France over President Marcon’s pension reforms

President Emmanuel Macron on Wednesday  announced his intention to proceed with a controversial pension reform, prompting hundreds of thousands of citizens to plan demonstrations and strikes on Thursday. Since January, unions have been organising massive protests against a proposed pension reform that would raise the retirement age from 62 to 64, and these demonstrations are […]

Uncategorized

CITN rewards students to promote tax culture 

The Chartered Institute of Taxation of Nigeria has recognized and rewarded students who excelled in a quiz competition organised to promote tax culture among youths and increase government revenue. The Punch reported that the CITN presented different prizes to secondary school students with outstanding performances during the grand finale of the Lagos State all-secondary schools […]