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Geely unveils AI-powered charging technology to rival BYD

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China's National Flag
Business News

China raises defence budget by 7.2%

China will raise its budget on defence by 7.2% this year in a bid to enhance preparedness and build the nation’s security capacity.   Reuters reported that the increase is slightly more than that of last year at the same time faster than the government’s modest economic growth forecast.   It was also raised owing […]

Bags of Fertilizers
Business Uncategorized

FG to initiate fertilizer subsidy for farmers  

  The Federal Government of Nigeria is making plans to initiate subsidy on fertilizer to farmers in the country through a programme financed by the African Development Bank and International Fund for Agricultural Development. According to The PUNCH, this information was disclosed in the IMF’s Selected Issues paper on Nigeria, prepared by fund’s team as […]

Logo of Nigeria Society of Engineers
Business

NSE implores FG to give local engineers contracts 

The Nigerian Society of Engineers has implored the Federal Government to give local engineers contract. The president of the society, Tasiu Gidari-Wudil, made this appeal on Saturday during a press conference held to commemorate World’s Engineering Day. According to The Punch, the call was in accordance with Executive Order 5 which was initiated to promote […]

Tesla retrieves 3,470 Model Y cars over loose bolts
News

Tesla retrieves 3,470 Model Y cars over loose bolts

  One of the leading electric vehicles makers, Tesla,  said it will retrieve around 3,470 2022/2023 Model Y vehicles in the United States owing to loose bolts. According to the report filing made public on Saturday by National Highway Traffic Safety Administration, the vehicles will be recalled owing to the loose tightening of the bolts […]

FG owes N100bn electricity bill debt - Distributors
Business

Power outage worsens in France over electricity workers’ strike  

The leading electric utility company, Électricité de France’s strike which started last Friday has led to low nuclear power output, worsening power outage in the country. This was disclosed by the company on Saturday, in its published data. Reuters reported that workers at the French utility EDF’s nuclear plants went on a rolling strike on […]

Africa needs $614 billion to combat food insecurity - IFAD
Uncategorized

Africa needs $614 billion to combat food insecurity – IFAD

The International Fund for Agricultural Development has said that Africa will require $614 billion overall by 2030 to address its growing food insecurity issue and change its food system. The Punch reported that the Associate Vice President for External Relations and Governance at IFAD, Satu Santala said this in a paper titled “Financing Food Systems Resilience in Africa: […]

Wema Bank issues N25b bond to investors
Banking

Wema Bank issues N25b bond to investors

Wema Bank has issued a N25 billion bond to selected investors in order to strengthen its capital base. The bond will not be placed on any security exchange, according to a corporate notice dated Thursday and signed by the Corporate Secretary, Johnson Lebile. The notice read, in part:“Wema Bank Plc decided on the issuance of […]

Collapsed buildings in Turkey after the earthquake
Banking

Syria loses 10% GDP to earthquake – World Bank

The World Bank has said the damage caused by the earthquake on buildings and infrastructures is estimated to be 10 percent of Syria’s Gross Domestic Product. According to Reuters, this was in a statement released on Friday by the Bank where it described the damage as a broad but preliminary damage estimate. The quake caused […]

NUPRC to investigate pipeline explosion in Rivers
News

NUPRC to investigate pipeline explosion in Rivers

  By Christian George The Nigerian Upstream Petroleum Regulatory Commission is set to investigate the cause of pipeline explosion on Thursday in Emohua Local Government Area of Rivers State. In a statement by its Chief Executive Officer, Gbenga Komolafe on Friday in Abuja, he acknowledged the explosion and assured that the commission will investigate together […]

Zenith Bank's Q3 earnings hit N620.6bn
Business

Zenith Bank to begin operation as HoldingCo

Zenith Bank PLC has received approval in principle from the Central Bank of Nigeria to operate as a financial holding company. The Punch reported that Zenith Bank disclosed  plans to change its organisational structure in a statement signed by the Company Secretary, Michael Otu, on Friday to Nigerian Exchange Limited. With this modification, the organization […]

Court Symbol of Justice
Business

Mixed reactions as S’Court reverses Buhari, CBN new, old naira order

There have been mixed reactions from Nigerians as the Supreme Court of Nigeria on Friday declared the Federal Government’s cashless and Naira redesign policy invalid, declaring it as an affront to the 1999 Constitution. This publication recalls a suit was filed by Zamfara, Kogi and Kaduna state governments against the Attorney-General of the Federation on […]

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