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Why LPG-powered vehicles save fuel cost - Energy company
Transportation

Why LPG-powered vehicles save fuel cost – Energy company

Asiko Energy Holdings Limited has published information on why autogas vehicles are a major competition for vehicles running on fuel. They concentrated on well-known automobiles like the Toyota Corolla and utilized a Naira per kilometre metric to evaluate autogas competitiveness and fuel costs. They acquired information on performance improvement by converting several Corollas using kits […]

Reddit unveils new privacy feature, gives users control over profile
News Tech

Reddit shuts down coin reward programme

News aggregation platform, Reddit has announced that the platform is shutting down its coins and awards programme. Users have in the past had the option to buy Reddit Coins and use them to buy awards for other users. Reddit claims that as of right now, users won’t be able to buy fresh coins, but all […]

NEPC, GIZ promote production in agricultural sector
Business

NEPC trains 50 onion farmers, marketers on export process in Sokoto

50 onion farmers and marketers have received training from the Nigerian Export Promotion Council on export regulations, financial incentives, and other value chains. The NEPC Trade Adviser and Head of the Sokoto zonal office, Yahaya Ahmad-Sukaraiju, stated that the training was a part of the organization’s attempts to educate company owners about onion value chains. Ahmad-Sukaraiju […]

Smart TVs will eventually offer X's Long-Form Videos - Elon Musk
News Tech

Twitter’s revenue flow still negative, says Elon Musk

Elon Musk has disclosed that a decline in advertising revenue of about 50% and a high debt burden are the key reasons why Twitter’s cash flow is still negative. “Need to reach positive cash flow before we have the luxury of anything else,” Musk said in a tweet on Saturday. Musk’s acquisition of Twitter in […]

Malaysian mobile operator agrees to use state-run 5G network
News Tech

Malaysian mobile operator agrees to use state-run 5G network

Malaysian mobile operator Maxis Bhd, announced it will sign an agreement to use the nation’s state-run 5G network. In an unusual move, Malaysia will charge wireless carriers to access the 5G spectrum, which is completely held by the state-run Digital Nasional Berhad, instead of distributing spectrum to them. Earlier, Maxis and a few other carriers […]

Wema Bank, NYSC collaborate on youth empowerment
Banking

Wema Bank lifts foreign transactions ban on naira cards

The ban on foreign transactions using naira cards by Nigerian lender, Wema Bank has been lifted. The bank announced the lifting of the ban on overseas transactions made with naira cards in a letter to its customers. This implies that clients who use the bank’s Mastercard can now make purchases with their Naira debit cards. […]

Nigeria is France's top trading partner - French ambassador
Business

Nigeria is France’s top trading partner – French ambassador

The French ambassador to Nigeria, Ms. Emmanuelle Blatmann, stated that Nigeria had been France’s first trading partner in Sub-Saharan Africa. She continued by saying that 75% of French investments in West Africa were made through commerce with Nigeria alone. According to the News Agency of Nigeria, the ambassador announced this at a celebration of her […]

Friendly market policies'll boost Nigeria's credit profile - NGX
News

Friendly market policies’ll boost Nigeria’s credit profile – NGX

The Nigerian Exchange Group Plc has urged the Federal Government, led by President Bola Tinubu, to develop stronger pro-market policies to boost Nigeria’s credit profile. The organization’s chairman, Mr. Umaru Kwairanga, promised attendees at its Annual General Meeting on Friday in Lagos that the business would collaborate with the government to accomplish this. “As a […]

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

Exchange rate drops N803 per dollar at I&E window

On Friday, July 15, 2023, the exchange rate between the dollar and the naira decreased to N803/$1 in the investor and exporter window. Since Nigeria established the managed float exchange rate regime, this is the lowest exchange rate it has ever reached, and it is also the first time the rate has closed above N800/$1. […]

Elon Musk unveils AI startup
featured News Tech

Musk’s new company xAI to work with Twitter, Tesla

Elon Musk stated on Friday that xAI, his new artificial intelligence company, founded with the goal of “understanding the universe” will work with Tesla, and Twitter. The billionaire presented his idea for xAI for the first time during a 90-minute Twitter Spaces audio chat, delving occasionally into issues like the fragility of civilisation and the […]

Investors purchase Geregu shares for N14bn
Business

Geregu Power records N6.9bn pre-tax profits for Q2 2023

Geregu Power Plc has issued its unaudited 2023 second quarter reports, which indicate pre-tax profits of N6.9 billion. According to The Times, this compares to a pre-tax profit of N5.3 billion reported for the same period in 2022. The quarter’s revenue was N20.4 billion, up from N15.2 billion in the equivalent quarter of 2022. However, […]

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