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Shettima arrives Asaba for Delta investment summit

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Focus on industry, agric, others - Shehu Sani urges FG
Business

Focus on industry, agric, others – Shehu Sani urges FG

Senator Shehu Sani has listed industry, agriculture, and security as major areas where the next administration’s policies must be directed in order to bring the economy back from the brink of collapse. He said this recently in Lagos while serving as the keynote speaker for the third Double Diamond Empowerment Initiative event. The event, with […]

Forex revenues hits new high as trade surplus reaches N2.22trn
Business

NGX Group Plc confirms Obehi Ikhaghe company secretary  

Nigerian Exchange Group Plc has announced the appointment of Ms. Obehi Ikhaghe as Company Secretary, beginning April 13, 2023. This is stated in a statement submitted to the Nigerian Exchange Limited and signed by the CEO, Oscar N. Onyeoma, OON. The statement read: “This is to inform Nigerian Exchange Limited and the Investing Public that […]

UBA begins $6bn project to support African SMEs
Banking

AMCON sells 900 million UBA shares – Report

A total of 961.5 million shares of UBA were traded on Thursday, July 20th, according to data from the NGX trading session. There are currently 34.1 billion outstanding shares of UBA, with Hiers Holding holding a majority stake of more than 5%. 2.8% of the bank’s outstanding shares total 961.5 million shares. According to sources, […]

NEC discards Buhari’s social register, embraces new cash transfer method
News

NEC discards Buhari’s social register, embraces new cash transfer method

The National Economic Council, chaired by Vice President Kashim Shettima, has decided to scrap the national social register due to credibility concerns during Muhammadu Buhari’s government. Instead, the council recommended a social register-based cash transfer program for states and a six-month cash incentive program for public employees. The Vice-President, 36 state governors, a representative of […]

TikTok reassigns senior executive team
News Tech

TikTok is now teenagers’ biggest news source – Ofcom

TikTok is now the most popular single source of news for teens in the UK, according to research by Ofcom. Ofcom through the research discovered that 28% of 12 to 15-year-olds use TikTok in finding out about current affairs. This is more than the time they spend on other platforms like YouTube. YouTube and Instagram […]

OpenAI is facing ongoing capacity challenges following the launch of its viral image generation feature last week, as a result, the company has temporarily disabled
News

Apple to develop AI tech to rival OpenAI’s ChatGTP

Apple is developing artificial intelligence products that are comparable to Google’s Bard and OpenAI’s ChatGPT, driving its shares up as much as 2% to a record high. Bloomberg reported on Wednesday that the iPhone manufacturer is testing a chatbot that some programmers refer to as “Apple GPT” and that it has developed its own framework, […]

FIRS announces new TAXPR-MAX platform for CbCR
Business

How FIRS generated N5.5trn in Q1 2023

The Federal Inland Revenue Service has reported a tax revenue collection of N5.5 trillion between January and June of 2023. This represents the Service’s largest tax revenue collection in the first half of any fiscal year. On Thursday, July 20, 2023, at a meeting with the National Economic Council held at the Presidential Villa in […]

North Korean hackers breaks into US crypto firm
News

North Korean hackers breaks into US crypto firm

Alex Omenye North Korean state-sponsored hackers have broken into the software company JumpCloud in order to target its Bitcoin users, Security experts reported on Thursday. This week, JumpCloud, a directory platform that enables businesses to authenticate, authorize, and manage users and devices, revealed that a nation-state actor was responsible for the system breach that compelled […]

First Bank restates commitment to support FMCG wholesalers
Banking

FBN Holding records 413% profit in Q3 2023

One of Nigeria’s biggest banks, FBN Holdings Plc, published its 2023 second-quarter results, indicating pre-tax profits increased by five times, to N150.1 billion (Q2 2022: N29.2 billion). Its half-year profit before tax increased by 213% to N206.2 billion from N65.8 billion during the same period the previous year due to the second-quarter profit growth. Details to come later…

Fuel hike: Distributors protest increase in truck loading fees
Oil and Gas

Fuel hike: Distributors protest increase in truck loading fees

Distributors of petroleum products in Nigeria, operating under the umbrella of the Association of Distributors and Transporters of Petroleum Products, have protested over the allegedly increased truck loading costs for petrol. The organization’s national president, Alhaji Lawal Dan-Zaki, revealed this in a statement on Thursday in Abuja. “At the moment, the PTD charges N60,000 for each truck loading, […]

Bolt suspends over 5,000 drivers
Transportation

Uber, Bolt drivers lament fuel subsidy removal

The Amalgamated Union of App-Based Transport Workers of Nigeria, which represents ride-hailing drivers in Nigeria, is pleading with the Federal Government to rethink removing fuel subsidies. They claim that this choice has considerably worsened the struggles their members are currently experiencing. The head of the Media and Publicity Committee, Mr. Jossy Olawale, revealed this in a […]

Chinese researchers discover means to harvest electricity from raindrops
Tech

Chinese researchers discover means to harvest electricity from raindrops

Researchers from Tsinghua University in China have introduced a revolutionary method to generate electricity from raindrops. Utilizing a device called a triboelectric nanogenerator, the team devised a system that effectively harnesses raindrop energy and converts it into electricity. Triboelectric nanogenerators, commonly used to harvest energy from waves, faced limitations when applied to droplets (D-TENGs). To […]

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