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Ondo gov unveils AI system for civil service management,

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States’ IGR hit ₦5.15trn in 2025, Lagos leads

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Controversy as Seplat disputes ExxonMobil deal cancellation
Business

Edo Assembly summons Seplat, others over land dispute 

The Management of Seplat Energy and leaders of the Orogho community have been summoned by the Edo House of Assembly on Monday regarding a land dispute. According to the News Agency of Nigeria, the community’s leaders had previously submitted a petition to the House, asking them to prevent Edo land from being given to Delta […]

FG okays free trade zone status for Ekiti Knowledge Zone
Business

FG okays free trade zone status for Ekiti Knowledge Zone

    The Federal Government has approved a free trade zone status for the Ekiti Knowledge Zone initiative of Ekiti State Government. According to The PUNCH, the approval by the presidency was given after a request for the status by the Minister of Industry, Trade and Investment, Niyi Adebayo. According to a statement titled, “President […]

News

Gold prices rise, US dollar weakens as European markets reopen

Gold prices climbed higher on Tuesday as the US dollar gave up some of its gains, and European markets reopened after the Easter holiday. Spot gold was up by 0.7% to $2,004.10 per ounce, while US gold futures gained 0.8% to $2,018.80. Investors are awaiting US consumer price data and minutes from the Federal Reserve’s […]

IMF logo
Business

Interest rate to drop once inflation is tamed- IMF  

The International Monetary Fund has stated that the rise in borrowing costs is expected to be temporary as long as high inflation is brought under control. IMF estimated that interest rates in major economies will likely decrease to the levels seen before the Covid-19 pandemic due to the presence of an ageing population and low […]

DAAYTA: ARM sets N12m prize for pitch event conqueror
News

DAAYTA: ARM sets N12m prize for pitch event conqueror

    By Christian George The Deji Alli ARM Young Talent Award programme scheduled to hold virtually on April 14, will reward the winner with N12 million. The winner, in its fifth edition will have the said sum paid within one year in line with its terms and conditions. According to BusinessDay, the terms and […]

World Bank punishes Nigerian firms, individuals for corruption
Business

Global economic growth rate drop to 2% – World   

WorlThe World Bank Group’s most recent analysis reveals that global economic output is predicted to be a mere 1.7% in 2023, indicating a significant decline in global growth. Economists at the World Bank are cautioning that this economic downturn could have widespread effects, and any negative developments could potentially lead to a global recession. The […]

Bitcoin logo
Business featured

Bitcon surpasses $30,000 first time in 10 months 

Bitcoin has surpassed the $30,000 level for the first time in 10 months, which is a significant milestone for the cryptocurrency market. According to Reuters, this increase in Bitcoin’s value is due to investors’ growing confidence that the US Federal Reserve will soon end its monetary tightening campaign. Bitcoin’s price rose by 2% to $30,262, […]

Buhari
Business

Fuel subsidy: Buhari yet to meet criteria for removal, say marketers

  The Independent Petroleum Marketers Association of Nigeria has declared its stand on the subsidy. The Association disagreed with subsidy’s removal, arguing that the current government, President, Major General Muhammadu Buhari (retd.), did not meet the necessary criteria for its removal. The Nigeria Union of Petroleum and Natural Gas Workers stated that it would disclose […]

Nigerian cinema
News

Nigerian cinemas hit N441m ticket sales in March

      The Cinema Exhibitors Association of Nigeria reported that it made N441 million from ticket sales in March. This was disclosed by the National Chairman of CEAN, Mr Opeyemi Ajayi in an interview with the News Agency of Nigeria in Lagos. He revealed that the total number of viewers admitted into cinemas across […]

An Apple PC
Business

Apple faces biggest decline as global shipment of PCs drops 29%

OMarket research firm IDC has reported that there was a 29% decrease in global shipments of personal computers during the first quarter of 2023.   This decline can be attributed to multiple factors, including weak demand, excess inventory, and a deteriorating macroeconomic climate.   Of the top five PC companies analyzed, Apple Inc was hit […]

PZ Cussons Nigeria Plc has convened an extraordinary general meeting of shareholders following a N73.8 billion loss that reduced the value of its net assets.
Business

PZ Nigeria reports high profit despite increased operational cost

PZ Cusson Nigeria Plc’s unaudited year results and accounts for the period ended May 31, 2022, indicated a continued rise in profit driven by double-digit growth in revenue despite increases in operational costs. ThisDay reported that the multinational company’s ability to recoup its profit and loss numbers in the year under review was endangered by the […]

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