AMCON seizes Glano’s property over N2bn debt
The Asset Management Corporation of Nigeria has seized assets belonging to Glano Nigeria Limited, which was in debt for over N2 billion. The takeover was disclosed on Monday by the…
NDDC charges PHCCIMA with human capital development
The Port Harcourt Chamber of Commerce, Industry, Mines, and Agriculture has been encouraged by the Niger Delta Development Commission to focus more on fostering human capital in the Niger Delta region.…
FG to raises civil servants’ salary by 40% April ending
The Federal Government plans to commence payment of the anticipated increase in civil servants' pay at the end of April. According to The Punch, final approval for disbursement is expected…
Naira gains at investors window, weakens at parallel market
The naira on Monday weakened by 0.41 per cent to close at N741 against the dollar in the parallel market while it strengthened in the Investors and Exporters window by…
BMW, Volkswagen, others may not benefit from $7,500 tax credit – US
The United States Treasury on Monday said new regulations for battery sourcing will cause several electric vehicle models, including those made by Volkswagen, BMW, Nissan, Rivian, Hyundai, and Volvo Cars,…
Angry Tesla Shanghai employees confront Elon Musk over bonus cuts
After learning about reductions in their performance bonuses over the weekend, Tesla's Shanghai manufacturing employees resorted to social media to appeal to Elon Musk and the Chinese public. A number…
Ukraine moves to reopen grain transit via Poland
Ukraine's agriculture minister, Mykola Solskyi said on Monday that the capital of Ukraine, Kyiv plans to secure re-opening of the transit of food and grain through Poland as "a first step".…
Real estate firm urges CEOs to adopt digital strategies
The CEO of Eystone, a real estate development company in Lagos, Hassan Ismail, emphasized the significance of implementing a digital strategy and utilizing data-driven decision-making to drive business success and…
Global value chain important for job creation – Okonjo-Iweala
The Director-General of the World Trade Organization, Ngozi Okonjo-Iweala, has explained that the coronavirus pandemic has taught the world how important global value chains have become for…
Volkswagen partners Ford, others to build EV ecosystem in Indonesia
The Indonesian investment minister, Bahlil Lahadalia has announced that Volkswagen plans to create an electric vehicle battery ecosystem in Indonesia, and has partnered with miner Vale, Ford, and Chinese battery…
168k workers transfer N664bn pension funds to other administrators – PenCom
Since the National Pension Commission opened up the option to transfer pension funds, 168,768 workers have moved their Retirement Savings Accounts worth N663.761bn to different Pension Fund Administrators. This was…
Germany to help mineral-rich countries with processing infrastructure
The Chancellor of Germany, Olaf Scholz announced on Sunday that Germany aims to help mineral-rich countries such as Chile, Indonesia, and Namibia in establishing their processing infrastructure to decrease their…