76% CBN Anchor Borrowers’ loans unpaid – IMF
The International Monetary Fund has confirmed that 76 percent of loans disbursed under the Central Bank of Nigeria's Anchor Borrowers' Programme, for farmers have not been returned. This is according…
Nigeria’s stock market hits N30trn amid elections
The total market value of Nigerian stocks hit N30 trillion on Monday, amid the uncertainty surrounding the result of Saturday’s general election. BusinessDay reported that Nigerian Exchange Limited All-Share Index…
Elon Musk becomes world’s richest man again
Tesla Chief Executive Officer, Elon Musk, has regained his title of the richest man in the world, after losing it for 82 days. He had lost the title to…
First Bank’s deputy MD Gbenga Shobo resigns
The First Bank of Nigeria's deputy managing director, Mr. Gbenga Shobo, has resigned from the company's board of directors with immediate effect. Shobo's departure came after CBN recently reviewed the term…
Tesla Germany produces 4000 cars weekly beyond projection
Global manufacturer of automobiles, Tesla, announced on Monday that its German factory in Brandenburg, close to Berlin, is now manufacturing 4,000 cars per week, quadrupling from May when Chief Executive,…
Gmail service now restored worldwide after hour-long outage
Google's email service, which crashed for some minutes worldwide, has been restored. It is now back up and running after the short outage. DailyMail reported earlier in the afternoon on…
Uk energy regulator reduces power bill price cap
UkThe Office of Gas and Electricity Markets, a UK energy regulator, on Monday reduced its price cap on energy bills for households starting April. According to Reuters, Ofgem lowered the…
NCCA hails Dana Air over safety standard
The Nigerian Civil Aviation Authority has commended Dana Air for its safety standard as it recently grounded its airplanes for proper maintenance checks. The Director General of NCAA, Captain Musa…
Nissan raises EV sales target, catches up with Tesla
Japanese auto manufacturer, Nissan, has on Monday, raised its electric vehicles sales target. According to Reuters, Nissan said it will enhance powertrain production in the United States, as it tries…
Russia’s Tinkoff bank to halt trading in euros due to EU sanctions
The TCS Group Holding-owned Russian online bank, Tinkoff, announced on Sunday that it would stop dealing in euros as of Monday as a result of new sanctions imposed by the…
Nokia rebrands first time in 60 years
Nokia announced plans on Sunday to rebrand, change its logo for the first time in close to 60 years as it drives aggressive growth. According to the CEO, Pekka Lundmark,…
FG discovers new locations for oil production of 681,000 bpd
The Federal Government has discovered new oil fields with a daily production capacity of 1.52 billion standard cubic feet of gas and 681,000 barrels of crude oil, respectively. According to…
