Remote work: Amazon employees reject return-to-office policy
Amazon employees numbering 500 have sent a letter to the CEO of its Amazon Web Services division, urging him to reconsider the company’s new five-day return-to-office mandate. The letter, sent…
Snapchat gains 11m users worldwide
Snap Inc. reported impressive quarterly results on Tuesday, exceeding Wall Street’s forecasts for both revenue and user growth. The parent company of Snapchat has successfully attracted advertisers back to its…
FG plans 800 airport taxi vehicles conversion to CNG
The Federal Government, through the Presidential Compressed Natural Gas Initiative, has reached an agreement with taxi operators at Nnamdi Azikiwe International Airport in Abuja. This partnership aims to convert 800…
Volkswagen operating profit drops by 42% in 2024 Q3
German automaker, Volkswagen announced a significant 42% drop in operating profit for the third quarter of 2024. The company's operating profit fell to 2.86 billion euros ($3.1 billion), as third-quarter…
Airline conference: Boeing to prioritise Nigerian aviation stakeholders
Boeing has announced plans to facilitate connections between Nigerian airlines and international investors at the upcoming Airline Economics Conference in Dublin, scheduled for January 12 to 15, 2025. This was…
Building collapse: FG unveils tribunal to check unprofessionalism
The Federal Government has officially inaugurated the Builder’s Disciplinary Tribunal, a strategic initiative designed to enhance accountability within the building profession. The event took place on Tuesday in Abuja, led…
Nigeria’s broadband penetration falls to 41.56%
Broadband penetration in Nigeria fell to 41.56% in September, down from previous levels, as efforts to reach 70% through the National Broadband Plan (2020-2025) continue. This decline in broadband penetration…
Avoid forex auction interventions, W’Bank advises CBN
The Central Bank of Nigeria has been advised against intervening in the foreign exchange market through forex auctions. The World Bank's policy advisory, included in the Nigeria Development Update, emphasizes…
32 states rely on FAAC for 55% of revenue – BudgIT
A new report by BudgIT reveals that 32 of Nigeria's 36 states relied on allocations from the Federation Account Allocation Committee for at least 55% of their total revenue in…
Again, NNPCL raises petrol price to N1,060/litre
The Nigerian National Petroleum Company Limited has adjusted the pump prices three weeks after raising the price of Premium Motor Spirit, also known as petrol. On Tuesday, the NNPCL increased…
Naira strengthens to 1630/$ at official market
The Naira on Tuesday strengthened in the official market, rising to 1,630.45/$ from 1,670.65/$ in the previous trading session, reflecting a 2.41 per cent appreciation. Data from the FMDQ Exchange,…
Dangote asks NNPC, marketers to stop fuel importation, boasts sufficient supply
The Chairman of Dangote Group, Aliko Dangote, has called on petroleum marketers, including the Nigerian National Petroleum Company Limited, to source petrol directly from his refinery to fulfill local demand.…
