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Petrol stations risk licence revocation over under-dispensing – NMDPRA

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Investment

How to identify quacks in real estate – Expert

In this interview, the  Chief Executive Officer, ElanOrris, Ayobami Alo, speaks on how to identify quacks in the real estate industry and the government’s role in advancing the sector The housing industry challenge is enormous and traverses the building materials and mortgage services, what is your advice on how to better the sector? The major […]

News

Petroleum fund shortlists 8,800 for overseas scholarships

The Petroleum Technology Development Fund has shortlisted 8,800 applicants from 26,000 who applied for its overseas scholarship programme. This was disclosed on Monday by the Manager, Overseas Scholarship, PTDF, Bello Mustapha, during interview sessions of the shortlisted applicants in Abuja. The scheme is an annual scholarship programme where qualified applicants are sponsored for Msc and […]

X to offer paid users xAI chatbot - Musk
News

Twitter shareholders sue Elon Musk for ‘unlawful conduct’

Shareholders of social media giant, Twitter, have filed a lawsuit against Elon Musk on grounds of “unlawful conduct” aimed at sowing doubt about his intention to finalise the acquisition deal on the company. According to ABC News, the lawsuit filed late Wednesday in the U.S. District Court for the Northern District of California claims the […]

Aviation

Grounded multimillion-dollar plane sold as scrap, towed to Oyo

An Airbus A320 jet belonging to First Nation has been sold as scrap to a yet-to-be-identified buyer, findings have shown. The development came about four years after the carrier grounded its operations for technical reasons. The buyer of the disused plane has consequently towed the equipment to a town in Oyo where it will be […]

Economy

Insecurity, naira devaluation drive wheat imports to N1.3tn

Importation of durum or pasta wheat into Nigeria has continued to skyrocket, rising from N730.9 billion in 2020 to N1.295 trillion in 2021. Calculations from the National Bureau of Statistics Foreign Trade Statistics showed that wheat importation into Africa’s most populous nation rose 77.23 per cent from 2020 to 2021. Wheat is an important commodity […]

Economy

Food prices surge by 42% in 12 months –NBS

Selected food prices recorded an increase of 42 per cent in one year, figures by the National Bureau of Statistics have shown. A new report titled “Selected Food Price Watch for the month of April 2022” showed that the average price of 1kg of beans (white, black eye, sold loose) rose on a year-on-year basis […]

News

Dangote, Innoson, others emerge winners at Brand Africa award

Dangote, Innoson, MTN, and DSTV were among 100 companies that bagged outstanding awards at the 2022 edition of the Brand Africa Award ceremony on Wednesday. Brand Africa is a non-profit intergenerational organisation that inspires a brand-led African renaissance to transform the continent’s image, by driving Africa’s competitiveness, connecting Africa, and creating a positive image of […]

Banking

Banks borrow N338.4bn from CBN in one month

Cash-strapped banks borrowed N338.5bn from the Central Bank of Nigeria in January to bridge their funding gap, according to the banking data. Figures from the CBN’s monthly report for January on ‘Standing facilities window operation’ showed that the banks continued to utilise the Standing Lending Facility and Deposit Lending Facility in the sector. It stated […]

Telecommunications

APCON to prosecute Globacom over indecent advert

The Advertising Practitioners Council of Nigeria says it has flagged a Glo dial *109# “Link your NIN” commercial featuring a female model (Osas Ighodaro). A statement by the apex advertising regulatory agency, signed by its President, Olalekan Fadolapo, said the campaign, which was sponsored by Globacom Limited, was currently being aired on some TV stations […]

News

UK government authorises sale of Chelsea FC

The UK government announced Wednesday it had given the green light to Todd Boehly’s proposed takeover of Chelsea football club from the sanctioned Russian oligarch Roman Abramovich. Secretary of State for Digital, Culture, Media and Sport Nadine Dorries said she had issued a licence permitting the deal late on Tuesday, shortly after it won approval […]

100% cashless economy possible in Nigeria - Emefiele
Economy

CBN raises interest rate to 13%

The Central Bank of Nigeria on Tuesday announced that it has raised the interest rate to 13 per cent. CBN Governor, Godwin Emefiele, made this known while addressing the reporters after the Monetary Policy Committee meeting in Abuja. Justifying the move, Emefiele said the MPC is suspicious “there might be an aggressive accretion of inflation”. […]

Mobile phones

Nigerians who buy second-hand iPhones, Samsung rise by 10% – Report

The number of Nigerians that bought secondhand iPhones and Samsung rose by 10 per cent in 2021 according to a report by Counterpoint Technology Market Research. According to Counterpoint Research’s Global Refurbished Smartphone Tracker, the global secondary smartphone saw a surge in demand and supply in 2021, growing by 15 per cent in terms of […]

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