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Geely unveils AI-powered charging technology to rival BYD

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PETROAN orders nationwide inspection of fuel pumps

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KPMG names ex-Statistician General of Nigeria chief economist
Uncategorized

KPMG names ex-Statistician General of Nigeria chief economist

Former Nigerian Statistician-General Dr. Yemi Kale has been named KPMG Nigeria’s Chief Economist. On March 9, 2023, KPMG Nigeria, one of the top professional services companies in the nation, made this news. The well-known economist and statistician Dr. Kale is considered as one of the most knowledgeable and esteemed experts in his area. His tenure […]

Dangote Cement plans third share buyback in two years
Business

Dangote Cement plans third share buyback in two years

The Securities and Exchange Commission has approved the move for the start of Dangote Cement Plc’s third share repurchase transaction in less than three years, the company said on Wednesday. This confirms the company’s resolve to achieve its goal of repurchasing up to 10% of its common shares after receiving permission from the capital market […]

United States Flag attached to a building
Uncategorized

US tech layoffs hit 51% after 180k job cuts in two months

The tech sector reportedly represents 51% of the total layoffs by United State companies over January and February. The job cut in the first two months of 2023 is over 180,000 which is the highest recorded since 2009, a report showed on Thursday. Based on the report by employment firm Challenger, Gray & Christmas Inc, […]

Business

Ex-Shell CEO’s pay package hits £9.7m – Report

The former CEO of the oil giant, Shell, Ben van Beurden, received a total pay package of £9.7 million in 2022, a report has revealed. According to Shell’s annual report and accounts accessed by BBC, the Dutchman received a total remuneration of £6.3 million in 2021. This means there was over £3 million increase in […]

NNPCL moves to sell shares, seeks strategic partners
Business

NNPCL distributes 339m litres of petrol to 63 deports

The Nigerian National Petroleum Company Limited has said that 63 deports across the country have altogether received a total of 339 million litres of petrol in seven days. From the data obtained by The Punch from NNPCL and the Nigerian Midstream and Downstream Petroleum Regulatory Authority, the distribution was made to states with Lagos, Delta, […]

IATA, weather company collaborate on data
Aviation

Airlines passenger traffic increases by 124% – IATA

The International Air Transport Association has reported that passenger traffic on African airlines increased by 124% in 2022. The Punch reported that based on January traffic data, the IATA, a Swiss-based organization that represents international airlines internationally, stated that the increase in air travel demand was continuing in 2023. According to the report, passenger traffic […]

Stock Market analysis
Business

Nigeria Stock Market rebounds, gained N107bn

The Nigerian Exchange Limited rebounded again as investors gained N107 billion on Wednesday despite the market’s recorded N1bn loss on Tuesday. The Punch reported that the All-Share index appreciated by 0.35 percent to 55,801.14 and market capitalization increased by 0.35 percent also to N30.397 trillion. Meanwhile, the ASI has moved 4,205.48 points since the start […]

Customs seize 80,000-litre tankers with adulterated diesel
Business

Customs arrests car smuggling group leader

The Nigeria Customs Service has arrested the head of a car smuggling group, Shuaibu Kolo, who was notorious for forging documents issued by Customs to smuggle vehicles from the Benin Republic into Nigeria. The Acting Customs Controller in charge of Federal Operations Unit, Zone A, Hussein Ejibunu, disclosed on Tuesday while addressing journalists in Ikeja, […]

Only four Nigeria states attract foreign investment in Q4 - Report
News

Nigeria’s corporate income tax drops to N753.88 in Q4 2022

The National Bureau of Statistic has revealed that the total company income tax recorded by Nigeria dropped by -6.95% from N810.19 billion in Q3 2022 to N753.88 billion in Q4 2022. According to Nairametrics, this was disclosed by the NBS on Wednesday through it’s Company Income Tax, Q4 report. It also stated that the local […]

Flutterwave’s non-code platform Disha temporarily shuts down
Tech

Flutterwave named African Fintech Summit’s lead sponsor

The Africa Fintech Summit has announced Flutterwave as the Lead Fintech Sponsor for the African Fintech Summit in 2023, which will take place in one African city in November 2023 and also in Washington, DC, on April 12, 2023. The sponsorship follows the most recent licenses granted to Flutterwave in Egypt, enabling it to become […]

FG owes N100bn electricity bill debt - Distributors
Business

Nigeria secures China funding to fix national grid

The Transmission Company of Nigeria has signed an agreement with a group of Chinese companies to secure funding for the improvement of the strained  National grid. BusinessDay reported that the statement was according to the head of TCN, Sule Abdulaziz at the Middle East Energy Conference, on Tuesday, in Dubai. During a panel session at […]

UK regulator orders Heathrow Airport to reduce airline fee
Aviation

UK regulator orders Heathrow Airport to reduce airline fee

  Britain’s aviation regulator has ordered Heathrow airport to lower the costs it charges airlines, citing a robust rebound in demand following the lifting of pandemic lockdowns. The Civil Aviation Authority stated that the cut “recognizes that passenger volumes are anticipated to recover to pre-pandemic levels, and should result in lower costs for travellers.” The […]

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