Blog

Amazon deploys AI to enhance product review
Business

California sues Amazon for alleged price inflation

California filed a lawsuit Wednesday accusing Amazon of using its market influence to prevent merchants from offering buyers better deals elsewhere online, in violation of state antitrust law. Amazon pressures merchants not to list items at lower prices on other websites, which hurts sellers and consumers, California Attorney General Rob Bonta said in the lawsuit. […]

Ford unveils new gasoline-powered Mustang
Transportation

Ford unveils new gasoline-powered Mustang

Revealing that there are exceptions to Detroit’s electric vehicle push, Ford Wednesday unveiled its seventh-generation Mustang, a gas-powered sedan that the Michigan company suggested could be the best yet. The latest Mustang — once the inspiration for a Serge Gainsbourg song and seen in some 3,000 movies — features a “fighter jet-inspired” interior and performance […]

Customs seize 80,000-litre tankers with adulterated diesel
News

Customs seize 80,000-litre tankers with adulterated diesel

Officials of the Nigeria Customs Service have seized two tankers filled with adulterated 80,055 litres of Automotive Gas Oil, popularly called diesel, in the Ijebu-Ode area of Ogun State. According to The PUNCH, this was disclosed by the Acting Customs Area Controller in charge of the Federal Operations Unit, Zone A, Hussein Ejibunnu. While handing […]

Senate probes Niger Delta oil theft
Oil and Gas

Senate probes Niger Delta oil theft

The Senate Adhoc Committee commenced an investigation into oil theft and illegal bunkering activities in the Niger Delta region. According to The PUNCH, this was disclosed by the Chairman of the Committee, Bassey Akpan while answering questions from journalists on arrival at the Port Harcourt International Airport. Akpan revealed that the theft of crude oil […]

Oil production: Angola, Libya overtake Nigeria, says OPEC
Oil and Gas

Oil production: Angola, Libya overtake Nigeria, says OPEC

The Organisation of Petroleum Exporting Countries has disclosed that Angola and Libya have overtaken Nigeria after oil production in the West African country plunged to 972,000 barrels per day in August 2022. This was disclosed by the OPEC in its September 2022 report which also confirms the figures released recently by the Nigeria Upstream Petroleum […]

FBN Insurance targets 1m customers in one year
Banking

Tax evasion: Kogi govt seals First Bank branches

Kogi State Government has sealed all branches of First Bank Nigeria PLC operating in the state following an order by a High Court sitting in Lokoja. The order was carried out by men of the Kogi State Internal Revenue Service following the inability of the bank to liquidate its outstanding tax liabilities of over N411.12 […]

Dangote group moves to curb illegal haulage
News

Dangote group moves to curb illegal haulage

Dangote Group has revealed plans to put an end to the activities of some of its drivers whose activities pose an immense danger to other road users. According to Leadership, the company has made several arrests of erring drivers and handed them over to relevant authorities. It would be recalled that the management of the […]

Passport issuance hits 1.059m as more Nigerians relocate
News

Passport issuance hits 1.059m as more Nigerians relocate

  Findings have revealed that the number of passports issued by the Nigeria Immigration Service rose by 38percentt between 2020 and 2021. According to the PUNCH, this is an increase from 767,164 to 1,059,607 passports issued in 2020 and 2021 respectively. According to data obtained from the NIS, the passport types ranged from standard, official, […]

US deficits projected $1trn higher over next decade
Banking

Banks reduce forex sales as scarcity persists

Findings have revealed that Banks have started to limit Personal Travel Allowance and Business Travel Allowance clearance requests to legitimate users. According to The PUNCH, legitimate users will be able to access forex only once in two quarters. Before this new development, the banks had been approving travellers who applied once every quarter. Findings revealed […]

Airport workers give FG 14 days to amend aviation bill
Aviation

Airport workers give FG 14 days to amend aviation bill

Aviation unions have given the Federal Government a 14-day ultimatum to amend the anti-labour clauses in the recently amended flight bills. According to Channels TV, the union said the clauses gave the Minister of Aviation overriding powers to direct affairs on issues affecting trade unions in the industry. The coalition is made up of the […]

Aviation

PHOTOS: Aviation workers protest in Kano, Lagos

Aviation workers in Kano and Lagos State suspended their operations on Monday to protest following a dispute between the Federal Airports Authority of Nigeria and the Nigerian Airspace Management Agency. The PUNCH reported that aviation workers under the banners of the National Union of Air Transport Employees; Air Transport Services Senior Staff Association of Nigeria; […]

Queen's funeral to affect UK economy after rebound
Economy

Queen’s funeral to affect UK economy after rebound

The UK’s recession-threatened economy rebounded in July, data showed Monday, but is set to receive a further hit from a public holiday marking next week’s funeral of Queen Elizabeth II. British gross domestic product expanded 0.2 percent after a drop of 0.6 percent in June, the Office for National Statistics said in a statement. June’s […]