Uber, Bolt drivers urge inclusion in free CNG conversion initiative
E--hailing drivers affiliated with platforms such as Uber, Bolt, and InDrive have urged the Federal Government to include them in the ongoing initiative for the free conversion of commercial vehicles…
Insecurity forces closure of five microfinance banks in southeast
A minimum of five microfinance banks in Nigeria’s southeast were shut down in September 2023 due to rising insecurity in the region. This was disclosed by the Deputy Director of…
Musk’s X seeks Brazilian comeback amid misinformation feud
In a significant reversal, Elon Musk’s X has informed Brazil’s Supreme Court that it has complied with orders to curb the spread of misinformation and requested the lifting of the…
Dell mandates five days in-office work for global sales team
Alex Omenye Dell Technologies has announced that employees in its global sales team who are able to work from company offices must return to in-person work five days a week,…
Banks close 23.3 million customer accounts in July
Commercial and merchant banks in Nigeria closed 23.3 million customer accounts in July, according to data from the Nigerian Interbank Settlement System. However, this figure represents a 5.6 per cent…
Manufacturers struggle as raw material imports surge 160.9% in Q2
The value of raw materials imported into Nigeria surged by 160.9% year-on-year in the second quarter of 2024 (Q2’24), despite manufacturers' efforts at backward integration aimed at reducing production costs,…
FG secures $600,000 relief fund from Gates foundation
The Nigerian government has secured a $600,000 relief fund along with commitments from the Bill and Melinda Gates Foundation. This announcement came during a meeting between Vice President Kashim Shettima…
Musk’s X seeks Brazilian comeback amid misinformation feud
Alex Omenye In a significant reversal, Elon Musk’s X has informed Brazil’s Supreme Court that it has complied with orders to curb the spread of misinformation and requested the lifting…
ECOWAS launches $380m electrification initiative for Nigerian schools, others
The Economic Community of West African States Commission has unveiled a significant initiative to invest $380 million aimed at electrifying public schools and health centers across 18 countries, including Nigeria,…
Petrol landing cost drops from N1,130 to N981/litre
The Major Energies Marketers Association of Nigeria has reported a decrease in the landing cost of Premium Motor Spirit to N981 per litre, down from approximately N1,130 in previous weeks.…
FG disburses N24.78bn to 991,261 households via cash transfer program
The Federal Government has allocated N24.78 billion through the National Cash Transfer program to assist 991,261 impoverished households in Nigeria. This initiative, managed by the National Social Investment Programme Agency,…
Mark Zuckerberg mocked for phrase on shirt at Meta Connect event
Mark Zuckerberg faced playful ridicule for his outfit choice at the Meta Connect 2024 event, where he appeared in a baggy black T-shirt emblazoned with the phrase "AUT ZUCK AUT…
