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Buhari to inaugurate Dala International Inland Dry Port on Jan. 30
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FG to raises civil servants’ salary by 40% April ending  

The Federal Government plans to commence payment of the anticipated increase in civil servants’ pay at the end of April. According to The Punch, final approval for disbursement is expected to be given by President Muhammadu Buhari very soon. If the proposal is approved, the increase in pay will be implemented about two months before […]

Business

Angry Tesla Shanghai employees confront Elon Musk over bonus cuts

After learning about reductions in their performance bonuses over the weekend, Tesla’s Shanghai manufacturing employees resorted to social media to appeal to Elon Musk and the Chinese public. A number of the posters criticized Tesla for the changes and claimed they thought the deductions were related to a deadly accident that occurred at the plant, […]

Ukraine
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Ukraine moves to reopen grain transit via Poland

Ukraine’s agriculture minister, Mykola Solskyi said on Monday that the capital of Ukraine, Kyiv plans to secure re-opening of the transit of food and grain through Poland as “a first step”.   According to Reuters, this was during talks in Warsaw following Poland and Hungary’s decision to prohibit some imports from Ukraine.   As a result […]

CEO of Eystone, Hassan Ismail
Business

Real estate firm urges CEOs to adopt digital strategies

The CEO of Eystone, a real estate development company in Lagos, Hassan Ismail, emphasized the significance of implementing a digital strategy and utilizing data-driven decision-making to drive business success and growth. According to The Punch, Ismail made this statement at a digital strategy bootcamp held in Lagos, which was organized by Hassan Ismail Consulting for […]

Global value chain important for job creation – Okonjo-Iweala
Business

Global value chain important for job creation – Okonjo-Iweala

      The Director-General of the World Trade Organization, Ngozi Okonjo-Iweala, has explained that the coronavirus pandemic has taught the world how important global value chains have become for job creation and inclusion. According to The PUNCH, she stated this at the ongoing World Bank/International Monetary Fund Spring meetings in Washington DC. She noted […]

Car sales slump 14% in six months - Report
Business

Volkswagen partners Ford, others to build EV ecosystem in Indonesia

The Indonesian investment minister, Bahlil Lahadalia has announced that Volkswagen plans to create an electric vehicle battery ecosystem in Indonesia, and has partnered with miner Vale, Ford, and Chinese battery minerals producer Zhejiang Huayou Cobalt. According to Reuters, the move comes as automakers are looking to reduce the cost of producing EV batteries, which make […]

Director-General, PenCom, Aisha Dahir-Umar
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168k workers transfer N664bn pension funds to other administrators – PenCom

Since the National Pension Commission opened up the option to transfer pension funds, 168,768 workers have moved their Retirement Savings Accounts worth N663.761bn to different Pension Fund Administrators. This was recently disclosed by PenCom in their “Quarterly summary of Retirement Savings Accounts transferred by Pension Fund Administrators” spaning from the fourth quarter of 2020 to […]

The Black, Red and Yellow Germany's National flag
Business

Germany to help mineral-rich countries with processing infrastructure

The Chancellor of Germany,  Olaf Scholz announced on Sunday that Germany aims to help mineral-rich countries such as Chile, Indonesia, and Namibia in establishing their processing infrastructure to decrease their dependence on China. Reuters reported that Berlin is seeking to balance its relationship with China and decrease reliance on China for crucial inputs such as […]

The Black, Red and Yellow Germany's National flag
Business

German auto association predicts 50% rise in electric car production

The German auto industry association, Verband der Automobilindustrie, has projected that electric passenger car production in Germany, the largest economy in Europe, will surge by 50% to over a million cars in 2022. According to Reuters, the rise in production will follow increased foreign demand and automakers ramping up their electric vehicle production. VDA head […]

G7 Nations to speed up renewable energy, phase out fossil fuel
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G7 Nations to speed up renewable energy, phase out fossil fuel

The G7 nations have agreed to hasten the deployment of renewable energy and curtail natural gas consumption in a bid to accelerate the phasing out of fossil fuels, according to a communique issued on Sunday. The G7 is an informal grouping of seven of the world’s advanced economies, including Canada, France, Germany, Italy, Japan, the […]

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