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People on the street of Japan
Business

Japan’s Consumer Price Index rises by 3.1%

Japan’s Consumer Prices Index rose by 3.1% year-on-year in February, which is a slower rate than the four-decade highs seen in previous months. AFP reported that the figure excludes fresh food and is in line with market expectations, following the introduction of relief measures by the government for the increasing cost of energy bills. This […]

Nigeria Air: FG warns against fake recruitment website
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Nigeria Air will begin flight soon– FG

The Federal Government through the Ministry of Aviation has disclosed that local and international flights of the national carrier, Nigeria Air will begin soon. This was despite the controversies around its establishment. According to The Punch, the minister of aviation, Hadi Sirika, disclosed this during  the ongoing National Aviation Stakeholders Forum 2023 in Abuja on […]

How Ford's EV business lost $2bn in 2022 - Report
Business

How Ford’s EV business lost $2bn in 2022 – Report

Ford Motor Company announced on Thursday that its electric car business lost $2.1 billion in operational profit last year, which was more than offset by $10 billion in operating profit from its internal combustion and fleet businesses. The Detroit carmaker anticipates similar results in 2023, projecting an adjusted loss for its EV unit of $3 […]

Zamfara state map
News

Hoodlums damage N1bn worth properties at Zamfara NBTI centre

Hoodlums have vandalised the building of the National Board for Technology Incubation in Zamfara state.   The News Agency of Nigeria reported that the hoodlums took advantage of celebrations trailing the victory of the Peoples Democratic Party during the governorship election in the state to wreck their havoc.   NBTI member in charge of north […]

Aviation featured

International airlines raise exchange rate to N551/$1

International Airline operators in Nigeria have reportedly adjusted their exchange rate from N462/$1 to N551/$1.   Nairametrics reported that airlines adjusted the exchange rate on their Global Distribution System owned by Amadeus.   The exchange rate between the naira and dollar sold as high as N551/$1 for the second straight day, on the official spot […]

Many gathered to protest against pension reform
Business

Strikes hit France over President Marcon’s pension reforms

President Emmanuel Macron on Wednesday  announced his intention to proceed with a controversial pension reform, prompting hundreds of thousands of citizens to plan demonstrations and strikes on Thursday. Since January, unions have been organising massive protests against a proposed pension reform that would raise the retirement age from 62 to 64, and these demonstrations are […]

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CITN rewards students to promote tax culture 

The Chartered Institute of Taxation of Nigeria has recognized and rewarded students who excelled in a quiz competition organised to promote tax culture among youths and increase government revenue. The Punch reported that the CITN presented different prizes to secondary school students with outstanding performances during the grand finale of the Lagos State all-secondary schools […]

Engineers working on railway
Business

FEC approves N454bn for rail transport, others 

The Federal Executive Council on Wednesday approved a sum of N453.90bn for the purchase of rolling stock, operation, and maintenance equipment for the Kano-Maradi standard gauge rail line, which is presently being built. The Punch reported that the approved amount also includes N510.93m, which will be used to acquire four customised fire service and search […]

Tony Elumelu Foundation to support female farmers
Business

TEF’s entrepreneurs generates $2.3bn since 2015

The Tony Elumelu Foundation has trained and provided support to African entrepreneurs, who have collectively earned $2.3 billion in revenue since 2015. According to The Punch, the information was shared in a brochure created to celebrate the 60th birthday of the foundation’s founder, Mr. Tony Elumelu, on Wednesday. The foundation, which has a pan-African focus, […]

Naira redesign: Emefiele apologies for failed cashless policy
News

Naira redesign: Emefiele apologies for failed cashless policy

    The Governor of the Central Bank of Nigeria, Godwin Emefiele, has apologized for the failed electronic banking transactions which many Nigerians have been subjected to in recent months. According to Channels, Emefiele during a two-day monetary policy committee meeting in Abuja on Tuesday, promised Nigerians that the issues regarding electronic transactions will soon […]

General Motors
Business

US drivers to sue GM over faulty vehicle transmission

A federal judge in Detroit, United States has approved a class-action lawsuit brought by drivers in 26 states against General Motors, claiming the auto giant made defective transmissions for around 800,000 vehicles produced between 2015 and 2019. Reuters reported that the U.S. District Judge David Lawson’s decision on Monday involved different models, including Chevrolet and […]

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