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Mitsubishi car
Uncategorized

Mitsubishi to sell only EV, hybrid cars by 2030s

The automaker, Mitsubishi plans to strengthen its auto electrification strategy and remain competitive in the market by ensuring all its new car sales beginning from the middle of 2030s are only battery electric vehicles and hybrids. Reuters reported that Mitsubishi, which is also a junior partner in an alliance with France’s Renault SA and Nissan Motor, […]

Business

Shell’s oil production drops over insecurity, theft – Report

One of the global energy giants, Shell has said its production in Nigeria dropped by a quarter in 2022 as it continues to fight insecurity and crude oil theft. This was disclosed in the organisation’s annual report released on Thursday accessed by BusinessDay. According to the report, the company said its share of production, onshore […]

Nigerians in the UK face job loss over sponsorship eligibility
Economy

UK economy escaped recession Q4 2022

  Information from the Office for National Statistics, has revealed that the United Kingdom’s economy narrowly avoided recession in the fourth quarter despite soaring inflation. According to AFP, Gross domestic product grew 0.3 percent, as the services sector offset poor performance by construction and manufacturing. GDP fell 0.5 percent in December due to extensive strikes, […]

Naira and Dollar displayed
Business

Naira gains against dollar at investors, exporters window

  The naira appreciated further on Thursday as it exchanged at N461 to the dollar at the Investors and Exporters’ window. A report by the News Agency of Nigeria accessed from The Punch states that there was an increase of 0.05 percent when comparing it to the N461.25 exchange rate on Wednesday. Meanwhile, the open […]

Flag of United Kingdom
Business

UK plans to ease visa access over labour shortages

United Kingdom has said on Thursday that it was planning to ease the policies on visa approval to help address labour shortages, which was caused by tighter immigration rules after it moved from the European Union. Following post-Brexit, the government made use of a points-based immigration model. According to The Punch, a government spokesperson said, […]

KPMG names ex-Statistician General of Nigeria chief economist
Uncategorized

KPMG names ex-Statistician General of Nigeria chief economist

Former Nigerian Statistician-General Dr. Yemi Kale has been named KPMG Nigeria’s Chief Economist. On March 9, 2023, KPMG Nigeria, one of the top professional services companies in the nation, made this news. The well-known economist and statistician Dr. Kale is considered as one of the most knowledgeable and esteemed experts in his area. His tenure […]

Dangote Cement plans third share buyback in two years
Business

Dangote Cement plans third share buyback in two years

The Securities and Exchange Commission has approved the move for the start of Dangote Cement Plc’s third share repurchase transaction in less than three years, the company said on Wednesday. This confirms the company’s resolve to achieve its goal of repurchasing up to 10% of its common shares after receiving permission from the capital market […]

United States Flag attached to a building
Uncategorized

US tech layoffs hit 51% after 180k job cuts in two months

The tech sector reportedly represents 51% of the total layoffs by United State companies over January and February. The job cut in the first two months of 2023 is over 180,000 which is the highest recorded since 2009, a report showed on Thursday. Based on the report by employment firm Challenger, Gray & Christmas Inc, […]

Business

Ex-Shell CEO’s pay package hits £9.7m – Report

The former CEO of the oil giant, Shell, Ben van Beurden, received a total pay package of £9.7 million in 2022, a report has revealed. According to Shell’s annual report and accounts accessed by BBC, the Dutchman received a total remuneration of £6.3 million in 2021. This means there was over £3 million increase in […]

NNPCL moves to sell shares, seeks strategic partners
Business

NNPCL distributes 339m litres of petrol to 63 deports

The Nigerian National Petroleum Company Limited has said that 63 deports across the country have altogether received a total of 339 million litres of petrol in seven days. From the data obtained by The Punch from NNPCL and the Nigerian Midstream and Downstream Petroleum Regulatory Authority, the distribution was made to states with Lagos, Delta, […]

IATA, weather company collaborate on data
Aviation

Airlines passenger traffic increases by 124% – IATA

The International Air Transport Association has reported that passenger traffic on African airlines increased by 124% in 2022. The Punch reported that based on January traffic data, the IATA, a Swiss-based organization that represents international airlines internationally, stated that the increase in air travel demand was continuing in 2023. According to the report, passenger traffic […]

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