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Uber settles US lawsuit for overcharging persons with disabilities
News

Uber settles US lawsuit for overcharging persons with disabilities

Uber will offer several million dollars in compensation to tens of thousands of passengers with disabilities who were charged extra fees, US prosecutors said Monday. The case brought by the US Department of Justice centred on disabled passengers allegedly being made to pay wait charges because they needed extra time to board vehicles. Under the […]

  • enitan
  • 18th July 2022
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  • 324 Views
inflation
Economy

Nigeria’s inflation hits 20%, surpasses World Bank’s projection

Nigeria’s inflation rate is now at 20 per cent, 0.5 per cent above the World Bank’s projection of 15.5 per cent, despite raising its Monetary Policy Rate (interest rate). In its recent ‘Nigeria Development Update (June 2022): The Continuing Urgency of Business Unusual,’ the global bank projected that Nigeria’s inflation rate was going to be […]

inflation
Economy

Nigeria’s inflation hits 18.6%, highest in five years

The Consumer Price Index, which measures the rate of change in prices of goods and services, surged to 18.60 per cent in June 2022, up from 17.71 per cent in the previous month. According to reports, this is the highest since January 2017. The National Bureau of Statistics said this in its consumer price index […]

Car sales slump 14% in six months - Report
News

Car sales slump 14% in six months – Report

European auto sales slumped by 14 per cent in the first half of this year, data showed Friday, as supply shortages continued to plague manufacturers. With the lack of computer chips still hobbling production, new auto sales slumped to 4.6 million in the European Union, data from the European Automobile Manufacturers Association showed. Sales in […]

FG spends N40.1bn daily as fuel subsidy hits N600 per litre – Operators
News

PMS at N165/litre not sustainable – Oil marketers

The Association of Oil Marketers in Nigeria on Wednesday said that the sale of Premium Motor Spirit also known as petrol is not sustainable at N165/litre. The Independent Petroleum Marketers Association of Nigeria and the Natural Oil and Gas Suppliers had earlier pushed for the upward review of petrol price, as some members of IPMAN […]

Trariff hike: Produce financial report, tribunal orders Multichoice
News

Court orders MultiChoice to sublicense channels

An Appeal Court sitting in Port Harcourt, the Rivers State capital, has ordered entertainment company, MultiChoice, to sublicense some channels to a satellite company, Metro-digital. The court ruled pursuant to the National Broadcasting Commission’s code. Justice Olabode Adegbehingbe in his judgment on Wednesday ruled that the lower court erred when it dismissed the suit of […]

  • kayode
  • 13th July 2022
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  • 375 Views
Nigerians bought petrol N191.65 per litre September- NBS
News

Efficient energy valuable than infrastructure – Petroleum expert

A petroleum expert, Bala Zaka, has said that affordable and efficient energy is more necessary for businesses than infrastructure. Zaka, who is also a Technical Director at Template Design Limited, made this known in an interview with The PUNCH. According to him, the removal of subsidies on petroleum products will kill businesses that are already […]

Banking

10 bank directors share N6.9bn allowance

Ten bank directors have shared N6.96bn executive compensation, fees and sitting allowances. The amount represents an increase of 3.32 per cent from the N6.74bn the directors received in 2020. United Bank for Africa Plc, Zenith Bank Plc, FBN Holdings and Guaranty Trust Holding Company Plc. Union Bank for Nigeria Plc, Stanbic IBTC Holdings Plc, FCMB […]

X to offer paid users xAI chatbot - Musk
News

Twitter stock falls as Elon Musk mocks lawsuit

Twitter stock fell Monday after Tesla chief Elon Musk ditched the $44 billion deal to buy the social media giant. According to AFP, the platform’s stock dropped 5.46 per cent on Wall Street, to $34.80 by around 7:05 am (11:05 GMT). It had lost 5.10 per cent before the weekend. Musk on Friday pulled the […]

FG spends N40.1bn daily as fuel subsidy hits N600 per litre – Operators
News

Fuel queues worsen as petrol hits N250/litre

As scarcity of Premium Motor Spirit also known as petrol increased in many states on Sunday, some filling stations in Lagos, Abuja, Niger, and other locations have started selling the product for as much as N200 to N250 per litre. The shortage of petrol in Lagos and neighbouring states, as well as in Abuja and […]

NUPENG threatens strike in Lagos over tanker drivers' safety
News

Fuel scarcity: Motorists groan as marketers threaten strike

The scarcity of Premium Motor Spirit, popularly called petrol, worsened in Lagos, Abuja and neighbouring Nasarawa and Niger states, as more filling stations shut their gates to customers, citing a lack of products to dispense. Oil marketers have yet to receive a response from the Federal Government as regards the outstanding payment of bridging claims […]

Electricity

Blackout: Delta court orders disco to pay N20m damages

The Benin Electricity Development Company has been ordered to pay a sum of N20 million as damages to the Edjemuonyavwe community in Oghara following their disconnection from the national grid since November 2017. According to The PUNCH, the order was given by a High Court sitting in Oghara, Delta State. The trial judge, Justice A. […]

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