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Fire erupts at Federal Mortgage Bank headquarters

Business

Spider-Man makes ₦120.4m, sets new Nigerian box office preview

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Aviation

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FG recovered N58bn from 7,000 debtors - Report
News

FG recovered N58bn from 7,000 debtors – Report

  In over 946 ministries, divisions, and organisations across the country, the Federal Government has taken action against its debtors and has so far recovered N58 billion from 7,000 debtors. According to The PUNCH, this was disclosed in a report presented by the director, Federal Ministry of Finance, Budget, and National Planning (Special Projects), Victor […]

IATA, weather company collaborate on data
Aviation

How Nigeria passenger traffic grew 60% in four years – IATA

Nigeria’s passenger traffic and seat capacity have significantly increased, reaching levels that are about 60% higher than those seen in 2019. According to the International Air Transport Association, this expansion continues the promising patterns that were started in the last quarter of 2022. This information was made public by the association during the most recent […]

Nestle Nigeria reports N123.7 bn FX loss
Appointments

Nestlé Nigeria changes board of directors

Nestlé Nigeria Plc has announced some changes to its board of directors. According to the company announcement, Namit Mishra has been named finance and control director of Nestlé Nigeria Plc, starting August 1. Sarmad Saleem will be replaced by Mr. Mishra on July 31 as Sarmad Saleem leaves the position. For Nestlé Punna Petcare – Zone AOA, Mr. Saleem […]

Nestle Nigeria reports N104bn loss in 2023
Banking

Banking sector is economy’s livewire, expert tells Tinubu

A former Managing Director and Chief Executive Officer of Bank of Agriculture Limited, Dr. Mohammed Santuraki, has stated that the banking sector is the live wire of Nigeria’s economy. According to The Punch, he called for urgent reforms in the banking sector in order to enable President Bola Ahmed Tinubu to actualize the administration’s goal of revamping […]

Twitter CEO Yaccarino defends Elon Musk's tweet limit
News

Twitter CEO Yaccarino defends Elon Musk’s tweet limit

Alex Omenye Twitter CEO Linda Yaccarino defended the temporary limit on the number of tweets users can read per day on Tuesday in a tweet. The company also reported that advertising has remained consistent in the days following the move garnered harsh criticism from users and marketing experts. In her tweet, Yaccarino stated that “when […]

News

PayDay co-founder, COO Ogechi Obike steps down

Alex Omenye Ogechi Yvonne Obike, the co-founder and chief operating officer of Payday, has declared her decision to step away from the company. While she did not give a specific departure date, she did say that she was in her “last days” at the business and that Payday had reached a point when their respective […]

Why Tinubu should ban dollar cash transactions - Operator
News

Nigeria is on the right track, Tinubu tells Bank of America

President Bola Ahmed Tinubu has voiced confidence that his administration is on the right track despite the country’s issues, saying Nigeria has no excuse to disappoint the rest of the African continent. The Special Adviser to the President, Special Duties, Communication, and Strategy, Dele Alake, revealed this in a statement on Tuesday. As he welcomed visiting […]

News

NBS reports 34.1% increase in average passengers’ airfare

The National Bureau of Statistics has reported that within a year, the average fare paid by air travelers for specific routes for a single trip grew by 34.06 percent. This was revealed in the Transport Fare Watch Report for May 2023, which the NBS released on Tuesday in Abuja. The NBS reported that the fare […]

Airtel Africa purchases 491,861 shares from Citigroup Global
News

Airtel Africa awards top directors £2.3m in shares

Two of Airtel Africa Plc’s top directors, Olusegun Ogunsanya and Jaideep Kishore Paul, have received shares worth £2.3 million. According to the company’s announcement, the shares were given out in accordance with the company’s Long-Term Incentive Plan, which was created to reward directors for their long-term success. The CEO of the company, Ogunsanya, received 1,420,828 […]

Cambodia bans Meta Oversight board
News

Cambodia bans Meta Oversight board

Alex Omenye Days after the 22-member monitoring board recommended suspending Prime Minister Hun Sen’s Facebook account due to content violations, Cambodia declared on Tuesday that the group was not wanted in the country. The suggestion made by the board was “political in nature,” according to the foreign affairs ministry of Cambodia. Hun Sen’s Facebook page […]

Business

PwC work halted by $77bn Australian pension fund 

The fourth-largest pension fund in Australia, UniSuper has halted new business with PwC Australia on Tuesday, becoming the most recent fund to do so following a scandal involving the abuse of government tax schemes that initially broke in January. The move by UniSuper, which manages A$115 billion ($77 billion), means that five of Australia’s top pension […]

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