Tesla short sellers make $2bn in April
A research firm, S3 Partners, reported on Wednesday that short sellers of Tesla have made $2.16 billion in profits from mark-to-market for the month of April. However, short sellers are…
FG considers tobacco tax hike to meet WHO standards
In a bid to meet World Health Organization standards, Nigeria's Federal Government has announced plans to raise taxes on tobacco products from 30 to 50 per cent. This was revealed…
Nigeria’s textile imports hit N365bn despite efforts to revive local industry
Nigeria's imports of textiles have more than doubled in just two years, reaching a 15-year high despite efforts to revitalize the industry. The National Bureau of Statistics data revealed that from…
ILO to partner Nigeria on trade test certifications
International Labour organization plans to engage the Nigerian government, workers' unions, and social partners to address the issue of migrants obtaining trade test certifications, enabling them to secure jobs with…
FG to introduce 13 more oil sector regulations
The upstream sector of the oil and gas industry can expect 13 new regulations from the Federal Government in the next few weeks. According to The Punch, the Chief Executive…
NMDPRA urges businesses to adopt gas
The Nigerian Midstream and Downstream Petroleum Regulatory Authority is urging businesses to consider opportunities in the gas value chain to prevent future uncertainties regarding diesel supply and other challenges. According…
NGX regains as investors hit N2bn
The Nigerian Exchange Limited saw an increase on Tuesday, as investors gained N2 billion. At the end of trading, the All-Share Index rose by 11.54 base points to 51, 138.92,…
Indian startup BluSmart challenges Uber, Ola, entices passengers with electric taxis
An Indian ride-hailing startup, BluSmart is challenging dominant players Uber and Ola by offering an all-electric taxi fleet and enticing dissatisfied customers and drivers away from its competitors. According to…
Fuel subsidy removal will reduce Nigeria’s debt, corruption – LCCI
The Lagos Chamber of Commerce and Industry believes that eliminating fuel subsidy by the Federal Government is one of the best economic moves that will decrease Nigeria's debts and address…
NOVA Merchant Bank doubles earnings in 2022 – Report
NOVA Merchant Bank Limited has released its audited full-year 2022 financial results, with an impressive 107.9% year-over-year increase in profit before tax and a 98.2% group-year-over-year increase in profit before…
Railway corporation revenue drops 39% in Q4 2022 – NRC
The Nigerian Railway Corporation has reported that there has been a decrease of 39.54% in its revenue for Q4 2022. This information was made public on Monday by the National…
Chinese economy grows beyond predictions – Report
After the end of the pandemic curbs, recent economic figures indicate that China, the second-largest economy in the world is definitely on a recovery route. According to Aljazeera, in the first…
