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Senator Natasha urges reciprocal visa measures for South

  • 31st July 2026

Samsung warns global RAM chip shortage could last

  • 31st July 2026

Spain deploys military to Ceuta as migrant surge

  • 31st July 2026

MTN posts record N1.09tn H1 profit before tax

  • 31st July 2026

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Senator Natasha urges reciprocal visa measures for South African

Business

Samsung warns global RAM chip shortage could last until

Business

Meta tests WhatsApp feature separating business messages

Tech

SpaceX phases out unpermitted xAI power turbines for 1.2GW

Tech

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Foxconn
Business featured

Apple’s supplier Foxconn to invest $820m in EVs

One of the largest electronics manufacturers in the world, Foxconn, announced on Sunday that it intends to invest T$25 billion ($820 million) in southern Taiwan over the next three years. The company also known as Hon Hai Precision Industry Co Ltd, plans to establish new manufacturing facilities that will support its electric vehicle endeavors. The […]

Business

Businessman sues Akwa Ibom govt over N10m debt 

A businessman named Ubokubom Nyah from Akwa Ibom State has taken legal action against the state government for not paying him the consultancy fees owed to him for a project he executed. The lawsuit, filed under suit number HT/2/2023, also includes the state Attorney General and Commissioner for Justice, as well as Landsea Construction and […]

Business

Binance struggles in search for banks to handle customers’ cash  

The United States arm of Binance is facing challenges in finding a bank to handle its customers’ cash after the failure of its previous crypto-friendly banks, Signature Bank and Silvergate Capital Corp. This according to a report by the the Wall Street Journal on Saturday, citing people that are conversant with the matter. The exchange […]

Elon Musk discloses plans for self-driving cars
Business featured

Elon Musk’s Tesla sued for privacy violation

A Tesla owner from California has filed a class action lawsuit against the electric carmaker for infringing on customers’ privacy.  As reported by Reuters on Thursday, Tesla employees had been privately sharing “highly invasive videos and images” taken by the car cameras between 2019 and 2022. The lawsuit was filed by a San Francisco resident, […]

Buhari unveils SDG financing framework
Opinion

Experts knock Buhari over $800m loan facility

Financial experts have criticized the President, Major General Muhammadu Buhari (retd.), over his decision to obtain a World Bank facility worth $800 million on the eve of his departure from office.   The facility is expected to be disbursed to about 50 million vulnerable Nigerians as palliatives to cushion the impact of the expected removal […]

CBN extends old naira's validity indefinitely
News

How naira declined by 10% in 2022 – World Bank

The naira saw a record devaluation of 10.2% in 2022, according to data from the World Bank. The Punch reported that the World Bank recognized these factors as primary causes of inflationary pressures in the Sub-Saharan area, along with rising food and fuel prices globally and the depreciation of the exchange rate. The loan-granting financial […]

United States Flag attached to a building
Business

US employment rate drops to 3.5%

The United States economy continued to add jobs quickly leading to a decrease in the unemployment rate to 3.5 percent in March 3.6 percent. According to Reuters, this suggests a tight labor market that could lead to the Federal Reserve increasing interest rates again in May. The Labor Department’s closely watched employment report on Friday […]

Jaiz Bank demands listing of N5.4bn shares on NGX
Banking

Jaiz Bank records 69% annual profit, N33bn revenue

Jaiz Bank reported a 68.5 percent increase in net profit for 2022 as revenue surpasses N33 billion in its audited financial report on Friday. According to Premium Times, an increase in its main income streams significantly aided the operation of the non-interest bank with headquarters in Abuja. The bank reported an increase in revenue of […]

NIPC CEO Saratu Umar fired months after appointmentNIPC CEO Saratu Umar fired months after appointment
Appointments

NIPC CEO Saratu Umar fired months after appointment

The Executive Secretary/Chief Executive Officer of the Nigeria Investment Promotion Commission, Hajiya Saratu Umar, has been fired effective immediately in less than a year after appointment. According to Nairametrics, this information was released in a statement by a media adviser to the President, Femi Adesina, who confirmed that she had been fired on Thursday after being appointed CEO […]

Elon Musk discloses plans for self-driving cars
Business

Tesla cut EVs prices fifth time in 2023

Tesla’s website revealed on Thursday that the Electric Vehicles giant has reduced prices on its vehicles in the United States by between 2% and nearly 6% which makes it the fifth reduction in 2023. According to Reuters, the electric vehicle giant has been cutting prices in its largest market since the beginning of this year. […]

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