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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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Workers are participating in industrial action - Strike
Business

Hundreds of flights cancelled over German airport strike

German airport’s strikes over pay and work conditions have resulted in the cancellation of hundreds of flights on Friday. In addition to the most recent industrial action disrupting travel plans for some time now, strikes have taken place at four German airports. Reuters reported that German union Verdi called on security and ground handling personnel […]

NCC, Telecom operators urge states to review policies for broadband expansion
Business

NCC to regulate data depletion for telecom consumers 

The Nigerian Communication Commission stated on Thursday that it will take steps to regulate data depletion and make sure telecom consumers got their money’s worth. According to NCC, Data depletion is one of the most common complaints from telecoms consumers. The Executive Vice Chairman/ Chief Executive Officer, NCC, Prof Umar Danbata made this statements at […]

US adds over 500,000 jobs despite global workforce reduction
Business

Weekly jobless claims in US drops below prediction

The number of Americans submitting new unemployment benefit claims dropped more than anticipated last week, indicating ongoing labor market strength in the country. The Labour department said on Thursday that, “Initial claims for state unemployment benefits dropped 20,000 to a seasonally adjusted 192,000 for the week ended March 11.” Meanwhile, Reuters’ survey of economists predicted […]

TLG Capital, OnePipe sign N2.25bn agreement to finance Nigerian SMEs
Business

TLG Capital, OnePipe sign N2.25bn agreement to finance Nigerian SMEs

TLG Capital, a pan-African alternative investment firm today declared that it has teamed up with OnePipe to offer financial services to Nigeria’s unorganized sector. The firm is giving N2.25 billion Naira in a collateralized loan facility to OnePipe, a Nigerian financial infrastructure company that uses its technological platforms to enable conventional businesses to incorporate financial […]

Foxconn
Business

Apple supplier Foxconn plans $200m AirPod factory in India

Apple’s largest IPhone assembler, Foxconn has won an order to make AirPods for Apple and plans to establish the factory for the wireless earphones in India. This was according to the information Igotten from two individuals with direct knowledge of the company’s decision and told Reuters. This contract will make Foxconn an AirPod supplier for […]

Ikeja Electric Distribution office
Business featured

Lagos community begs Ikeja Electric foe new transformer  

Members of Alimosho Local Government Area of Lagos, have appealed to a Nigerian Distribution Company, Ikeja Electric to fulfil the promise it made to install a relief transformer to the community. The members of the local government that made that plea with the DISCO company are those of the Prestige Community Development Association in Heritage […]

US arrests Chinese tycoon Wengui over $1bn fraud
News

US arrests Chinese tycoon Wengui over $1bn fraud

  US authorities have accused a New York-based Chinese property tycoon, Guo Wengui of a billion-dollar fraud. BBC reported that Wengui and one of his business partners, Kin Ming Je, were charged for wire fraud, securities fraud, bank fraud and money laundering. Mr Guo is known to be an associate of ex-White House chief strategist […]

United States Flag attached to a building
Business

US business inventory declines first time in two years

U.S. business inventories declined  for the first time in close to two years in January, possibly setting the stage for inventory investment to slow first-quarter economic growth. This was disclosed by the Commerce Department on Wednesday. It said the drop was about 0.1% It was the first decrease and the worst reading since April 2021, […]

Chams appoints new executive-director
Appointments

Chams appoints new executive-director

Mr. Mohammed Bashir Yunusa has been appointed as a Non-Executive Director of the business by Chams Holding Company Plc. According to Nairametrics, this information was sent in a notice to the Nigerian Exchange Limited. The nomination of Yunusa was effective as of January 1, 2023, according to a declaration that was signed by Yetunde Emmanuel, […]

inflation
Business featured

Nigeria’s inflation rate hits 21.91%

The National Bureau of Statistics on Wednesday reported that Nigeria’s inflation rate has risen to 21.91%. The increase in inflation rate accounts for about 0.09 per cent  from the previous January inflation rate of 21.82 per cent. This information was revealed by a recent Consumer Price Index report by the National Bureau of Statistics on […]

BMW Electric Vehicle
Business

BMW projects EVs to hit 50% of sales in 2030

The automaker, BMW said on Wednesday it projects over 50% of new sales to be all-electric vehicles well ahead of its 2030 target. According to Reuters, BMW envisions a hydrogen-powered car going into production in the second half of the decade. The company said, “By 2025, a fourth of new sales will be all-electric.” It […]

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