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NIPC CEO Saratu Umar fired months after appointmentNIPC CEO Saratu Umar fired months after appointment
Appointments

NIPC CEO Saratu Umar fired months after appointment

The Executive Secretary/Chief Executive Officer of the Nigeria Investment Promotion Commission, Hajiya Saratu Umar, has been fired effective immediately in less than a year after appointment. According to Nairametrics, this information was released in a statement by a media adviser to the President, Femi Adesina, who confirmed that she had been fired on Thursday after being appointed CEO […]

Elon Musk discloses plans for self-driving cars
Business

Tesla cut EVs prices fifth time in 2023

Tesla’s website revealed on Thursday that the Electric Vehicles giant has reduced prices on its vehicles in the United States by between 2% and nearly 6% which makes it the fifth reduction in 2023. According to Reuters, the electric vehicle giant has been cutting prices in its largest market since the beginning of this year. […]

TETFund urges FG to increase education tax
Appointments

Buhari dismisses Saratu Umar as NIPC boss

Wilson Adekumola   The President, Major General Muhammadu Buhari (retd.), has terminated the appointment of Hajiya Saratu Umar as the Executive Secretary/Chief Executive Officer of the Nigeria Investment Promotion Commission, with immediate effect.   The decision was announced in a brief statement issued by presidential spokesman, Femi Adesina, on Thursday night.   “The President has […]

Airport security makes five arrests daily - FAAN
Business

Easter: FAAN denies marketers access to fuel aeroplanes, says report

The Federal Airports Authority of Nigeria is reportedly denying access to aviation fuel marketers at Nnamdi Azikiwe Airport in Abuja which may likely cause a disruption in some Nigerian’s Easter plans. This follows the lingering aircraft delays owing to the scarcity of aviation fuel called A1 fuel. The Punch reported on Thursday gathered the information […]

Airtel launches Women Network to deepen gender equality
News

Airtel launches Women Network to deepen gender equality

  Kazeem Owoseni   In its quest to encourage and deepen gender equality in Africa, the telecommunication network, Airtel Nigeria has launched Women’s network. Women Network is a platform created by Airtel, to empower and mentor women to become global leaders while also breaking stereotypes and closing gender gaps. However, the launch of the first […]

TETFund urges FG to increase education tax
Economy

TETFund urges FG to increase education tax

The Federal Government has been urged by the Tertiary Education Trust Fund to raise the education tax from its current level of 2.5% to 3%. According to Nairametrics, on announcing the disbursement of N320 billion to public universities, polytechnics, and colleges of education as authorized by President Muhammadu Buhari for 2023, TETFund Executive Secretary, Mr. Sonny […]

Ford logo
Business

Ford launches electric Courier van in Europe 

Ford Motor Co has launched a new electric Courier van for European business customers in an attempt to compete with electric van startups such as Arrival SA. According to Ford, the revamped lineup of smaller commercial vans for the European market will also include gasoline and diesel models. The chief of Ford Pro,Ted Cannis explained […]

Airtel Africa to sell 20% Ugandan subsidiary stake via IPO 
Telecommunications

How Airtel Africa investors lost N556bn in one day

Airtel Africa Plc, one of the largest telecoms companies listed on the Nigerian Exchange Group Plc, suffered a loss of around N556 billion at the end of Wednesday’s trading session as the domestic market continued under sell pressure. Nairametrics reported that the benchmark index completed the trading day at 53,018.97 points as the market continued […]

Apple first store in India
Business

Apple unveils first store in India 

Apple has on Wednesday unveiled the look of its first retail store in India, with people gathering outside to catch a glimpse of its black and yellow artwork. According to Reuters, the store is still in barricades and expected to open in April. Despite only having a 3% share of India’s smartphone market due to […]

Ford logo
Business

Ford to simplify products starting 2024

Ford has announced plans to simplify its product lineup starting in the  2024 model year, which means they will likely produce fewer variations of the same model. The announcement was made by Ford’s product development chief Jim Baumbick, at a conference hosted by Bank of America. According to Reuters, Ford plans to increase the number […]

Pictures of all Apple products
Business

Apple suppliers to increase use of renewable energy  

Apple announced on Wednesday that an increasing number of its suppliers are committing to using renewable energy in the production of its products, including iPhones and Macs. According to Reuters, the company reported that its suppliers are supporting 13 gigawatts of active renewable energy projects, up from 10 gigawatts last year. The company said, “Apple […]

Nigeria's pioneer bitcoin exchange Paxful shuts down
Crypto

Nigeria’s pioneer bitcoin exchange Paxful shuts down

Pioneer Nigerian peer-to-peer Bitcoin exchange, Paxful has announced its closure. According to Nairametrics, this was disclosed by the founder and CEO of Paxful, Ray Youssef, who said that the decision was made because of “significant staff exits” and the regulatory environment. “We don’t know if it will return”, Youssef wrote. After he declared that all customer […]

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