Blog

X to offer paid users xAI chatbot - Musk
Business

Turkish board fines Elon Musk over Twitter purchase

The Turkish Competition Board has on Monday said Elon Musk will be fined over Twitter’s takeover without the board’s permission. Reuters reported that Turkey’s board decided to fine Musk an estimated value of 0.1 percent of Twitter’s gross income in Turkey in 2022. This publication recalls that the Billionaire, Elon Musk purchased Twitter on October […]

Olusegun Obasanjo
Opinion

Obasanjo blames political leaders for food insecurity

A former President, Olusegun Obasanjo, has revealed that farmers are not to be blamed for food insecurity in the country but political leaders.   Naija News reported that the Obasanjo made this known on Sunday at a lecture organized to mark his 86th birthday in Abeokuta, Ogun State, as he emphasized that farmers should not […]

FG to restart cash transfers to poor Nigerians
Business

How naira scarcity could impact private businesses – Report

Bisola David Stanbic IBTC Bank’s February Purchasing Managers’ Index has revealed that the private sector may have suffered midway through the first quarter of the year as a result of the nationwide cash shortage in February.   According to The Punch, the headline PMI fell below the no-change threshold of 50.0 in February, registering 44.7 compared […]

China's National Flag
Business News

China raises defence budget by 7.2%

China will raise its budget on defence by 7.2% this year in a bid to enhance preparedness and build the nation’s security capacity.   Reuters reported that the increase is slightly more than that of last year at the same time faster than the government’s modest economic growth forecast.   It was also raised owing […]

Bags of Fertilizers
Business Uncategorized

FG to initiate fertilizer subsidy for farmers  

  The Federal Government of Nigeria is making plans to initiate subsidy on fertilizer to farmers in the country through a programme financed by the African Development Bank and International Fund for Agricultural Development. According to The PUNCH, this information was disclosed in the IMF’s Selected Issues paper on Nigeria, prepared by fund’s team as […]

Logo of Nigeria Society of Engineers
Business

NSE implores FG to give local engineers contracts 

The Nigerian Society of Engineers has implored the Federal Government to give local engineers contract. The president of the society, Tasiu Gidari-Wudil, made this appeal on Saturday during a press conference held to commemorate World’s Engineering Day. According to The Punch, the call was in accordance with Executive Order 5 which was initiated to promote […]

Tesla retrieves 3,470 Model Y cars over loose bolts
News

Tesla retrieves 3,470 Model Y cars over loose bolts

  One of the leading electric vehicles makers, Tesla,  said it will retrieve around 3,470 2022/2023 Model Y vehicles in the United States owing to loose bolts. According to the report filing made public on Saturday by National Highway Traffic Safety Administration, the vehicles will be recalled owing to the loose tightening of the bolts […]

FG owes N100bn electricity bill debt - Distributors
Business

Power outage worsens in France over electricity workers’ strike  

The leading electric utility company, Électricité de France’s strike which started last Friday has led to low nuclear power output, worsening power outage in the country. This was disclosed by the company on Saturday, in its published data. Reuters reported that workers at the French utility EDF’s nuclear plants went on a rolling strike on […]

Africa needs $614 billion to combat food insecurity - IFAD
Uncategorized

Africa needs $614 billion to combat food insecurity – IFAD

The International Fund for Agricultural Development has said that Africa will require $614 billion overall by 2030 to address its growing food insecurity issue and change its food system. The Punch reported that the Associate Vice President for External Relations and Governance at IFAD, Satu Santala said this in a paper titled “Financing Food Systems Resilience in Africa: […]

Wema Bank issues N25b bond to investors
Banking

Wema Bank issues N25b bond to investors

Wema Bank has issued a N25 billion bond to selected investors in order to strengthen its capital base. The bond will not be placed on any security exchange, according to a corporate notice dated Thursday and signed by the Corporate Secretary, Johnson Lebile. The notice read, in part:“Wema Bank Plc decided on the issuance of […]