Apple faces biggest decline as global shipment of PCs drops 29%
OMarket research firm IDC has reported that there was a 29% decrease in global shipments of personal computers during the first quarter of 2023. This decline can be attributed…
PZ Nigeria reports high profit despite increased operational cost
PZ Cusson Nigeria Plc's unaudited year results and accounts for the period ended May 31, 2022, indicated a continued rise in profit driven by double-digit growth in revenue despite increases…
FG bars online banks from accessing customers’ photos, contacts
The Federal Government is set to barr online loan apps on Play Store from accessing their users’ contacts or photos from May 31, 2023. According to The PUNCH,…
Contributory asset rose above N1tn in one year- PenCom
The Contributory Pension Scheme's asset rose from N13.76tn as of the the end of February 2022 to N15.45tn February 2023 which account for a N1.68tn increase in one year. PenCom…
Why Nigeria must embrace non-oil sources for survival – NEPC
The Executive Director/Chief Executive of the Nigerian Export Promotion Council, Dr. Ezra Yakusak, has said that the country must concentrate on the non-oil industry to survive. According to This day,…
Apple’s supplier Foxconn to invest $820m in EVs
One of the largest electronics manufacturers in the world, Foxconn, announced on Sunday that it intends to invest T$25 billion ($820 million) in southern Taiwan over the next three years.…
Businessman sues Akwa Ibom govt over N10m debt
A businessman named Ubokubom Nyah from Akwa Ibom State has taken legal action against the state government for not paying him the consultancy fees owed to him for a project…
Binance struggles in search for banks to handle customers’ cash
The United States arm of Binance is facing challenges in finding a bank to handle its customers' cash after the failure of its previous crypto-friendly banks, Signature Bank and Silvergate…
Elon Musk’s Tesla sued for privacy violation
A Tesla owner from California has filed a class action lawsuit against the electric carmaker for infringing on customers' privacy. As reported by Reuters on Thursday, Tesla employees had been…
Experts knock Buhari over $800m loan facility
Financial experts have criticized the President, Major General Muhammadu Buhari (retd.), over his decision to obtain a World Bank facility worth $800 million on the eve of his departure from…
How naira declined by 10% in 2022 – World Bank
The naira saw a record devaluation of 10.2% in 2022, according to data from the World Bank. The Punch reported that the World Bank recognized these factors as primary causes…
US employment rate drops to 3.5%
The United States economy continued to add jobs quickly leading to a decrease in the unemployment rate to 3.5 percent in March 3.6 percent. According to Reuters, this suggests a…
