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Senator Natasha urges reciprocal visa measures for South

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Senator Natasha urges reciprocal visa measures for South African

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Ajaypal Singh Banga (born November 10, 1959[1]) is an Indian-born American business executive.
Business

US tips ex-Mastercard CEO to become World Bank chief

The Treasury Secretary of the United States, Janet Yellen, has said she anticipates that the former CEO of Mastercard, Ajay Banga, will become the president of the multilateral development bank, the World Bank. Ajay Banga is the U.S. nominee for the position. During her testimony for the State, Foreign Operations, and Related Programs subcommittee of […]

The Nigerian Petroleum and Natural Gas Senior Staff Association has written to President Bola Ahmed Tinubu via the Chief of Staff's office to request that the
Oil and Gas

Petrol will cost below N500 after subsidy removal – PENGASSAN

The president of the Petroleum and Natural Gas Senior Staff Association of Nigeria, Festus Osifo, has predicted that if the fuel subsidy is removed, petrol will be sold for less than N500 per liter. This is in accordance with a statement published following the National Executive Council meeting of his association, which took place on March […]

Business

SoftBank shares rise after Alibaba split

SoftBank Group Corp’s shares rose on Wednesday after Alibaba Group announced a major restructuring plan. SoftBank has a 13.7% stake in Alibaba. Reuters reported that SoftBank’s shares increased by 5.6% in the afternoon trade, the biggest gain in five months. Meanwhile, Alibaba’s shares went up by 13.2%. AMBusiness reported on Tuesday that Alibaba plans to […]

Reps adopt tax reforms, retains VAT at 7.5%
Economy

Chinese bank rejects FG’s loan request – Reps

      The House of Representatives on Tuesday revealed that China Development Bank, has rejected a loan request of $973,474,971.38 from Nigeria. According to The PUNCH, this came after the National Assembly of Nigeria approved spending an extra $22,798,446,773 on infrastructure despite a loan rejection from the China-Exim Bank. The chairman of the House […]

Airtel Africa to build 34MW data center in Nigeria
Telecommunications

Airtel commissions Gombe’s largest primary school

Airtel Nigeria, a telecommunications company, announced the opening of its seventh adopted school, Government Day Primary, as part of its ‘Adopt-A-School’ corporate social responsibility initiative. According to a statement released by Airtel on Tuesday, the project was inaugurated on March 24, 2023, in Pantami, Gombe State, by the Emir of Gombe, Alhaji Shehu Abubakar, and […]

Nigerian Coat of Arm
Business

Senate extends 2022 budget implementation 

The Senate has extended the implementation period of the capital component of the 2022 budget until June 30, 2023, instead of the initial deadline of March 31. The Punch reported that the extension came after a request for an amendment to the Appropriation Act 2022 by the Senate leader, Senator Gobir. The lawmakers relaxed their […]

Gold prices rise, US dollar weakens as European markets reopen
Business

Gold prices rise as US dollars dip

Gold prices edged higher on Tuesday, despite the presence of higher bond yields and waning fears of a banking crisis, Reuters reported. The weaker US dollar lent support to the safe-haven asset, with spot gold up by 0.3% to $1,961.70 per ounce at 10:25 a.m. EDT. Meanwhile, US gold futures rose 0.5% to $1,963.70. The […]

A car exhaust system
Business

EU approves law to end CO2 emitting cars 

The energy ministers of European Union countries on Tuesday granted their final approval for a groundbreaking law that would put an end to the sale of new cars emitting CO2 by 2035. Reuters reported that Germany managed to secure an exemption for vehicles powered by e-fuels. E-fuels can be considered as a form of carbon-neutral […]

Jack Mi
Business

Alibaba to split business into six units 

Alibaba Group Holding Ltd has on Tuesday announced it plans to divide its business into six main units that will focus on e-commerce, media, and cloud. According to Reuters, the company also stated that each unit will consider raising funds or holding initial public offerings. Alibaba is a Chinese multinational technology company specializing in e-commerce, […]

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