Apple suppliers to increase use of renewable energy
Apple announced on Wednesday that an increasing number of its suppliers are committing to using renewable energy in the production of its products, including iPhones and Macs. According to Reuters,…
Nigeria’s pioneer bitcoin exchange Paxful shuts down
Pioneer Nigerian peer-to-peer Bitcoin exchange, Paxful has announced its closure. According to Nairametrics, this was disclosed by the founder and CEO of Paxful, Ray Youssef, who said that the decision…
FG to begin payment of $350m cabotage vessel fund
The Nigerian government has said that it would soon start disbursing money from the cabotage vessel financing fund. According to Nairametrics, the federal government went on to say that the CVFF's…
Japa: Healthcare workers leaving Nigeria alarming, union laments
The Nigeria Union of Allied Health Professionals is concerned about the alarming high rate of healthcare workers leaving the country. This was according to a press statement by the…
Buhari urges Senate to reappoint Abubakar as CBN director
The President, Major General Muhamadu Buhari (retd.), has asked the Senate to confirm the re-appointment of Abdu Abubakar as a Non-Executive Director of the Central Bank of Nigeria. Nairametrics…
Unemployment will rise to 40.6% in 2023 – KPMG
KPMG has reported that Nigeria's unemployment rate will continue to rise and hit 40.6% in 2023. This was revealed in the multinational's latest report titled, "Global Economic Outlook" for the…
Nigeria’s GDP to grow by slow rate of 3% – KPMG
KPMG has estimated that Nigeria's Gross Domestic Product will have a slow growth rate of 3% in 2023 due to challenges related to the redesign of the naira and the…
Tesla’s China-made EVs hit 35% increase with 88,869 sales
Tesla's China-made electric vehicles continue to gain momentum in the country, as the company sold 88,869 units in March, according to data from the China Passenger Car Association. The figure…
Naira hits lowest amid external reserve decline
The Nigerian Naira hit its lowest value of the year on the first trading day of April, as the demand for dollars rose while the external reserves declined. Naira depreciated…
NNPCL debunks alleged payment of N20bn to ghost consultants
Wilson Adekumola The NNPC Ltd has debunked a report going viral on social media and other platforms that it paid N20 billion to ghost consultants. The report published…
International Breweries names Cherian Kurien non-executive director
The election of Mr. Cherian Kurien as a non-executive director to the board has been made public by International Breweries Plc. According to Nairametrics, the company informed the Nigerian Exchange…
Naira crisis: Emefiele’s crime more than electoral fraud, says Soyinka
Nobel laureate, Prof Wole Soyinka, has knocked the Central Bank Governor, Godwin Emefiele, over the hardship that the new naira redesign policy and recent naira notes crisis plunged the entire…
