Tesla trial: Musk to testify over $50bn compensation
Tesla tycoon Elon Musk will take the stand on Wednesday as part of a trial over his $50 billion pay package as Chief Executive Officer of the electric car giant.…
Buhari enhanced Nigeria’s businesses, says BMO
The Buhari Media Organisation has described the provision of about N785 Billion to Micro, Small, and Medium Enterprises in the country by the President, Major General Muhammadu Buhari (retd), regime…
IFC appoints new director for Africa
The International Finance Corporation of the World Bank Group on Tuesday appointed Sarvesh Suri as its new Regional Industry Director for Infrastructure and Natural Resources in Africa. In a statement,…
Infinix to hold smartphones live sale Nov 16
Infinix, the smartphone brand, will be having a live sale for all smartphones in its HOT20 & NOTE 12 Series. The sales which is expected to happen live on…
Amazon to lay off 10,000 workers
The world’s largest online retailer, Amazon, is expected to lay off 10,000 of its employees. According to a report by New York Times citing anonymous sources, the development will target…
Cryptocurrency sector fights back after FTX collapse
The failure of the FTX platform has undermined investor confidence and threatened the young cryptocurrency sector, pushing its main players to mobilise to save it. The boss of the largest…
FTX crash: Nestcoin to lay off workers
Nigerian crypto startup, Nestcoin, is expected to lay off its workers after the firm reportedly lost all its assets in cash and stablecoins to the collapse of FTX. According to…
Petrol importation gulps N16.9tn under Buhari – Report
Despite the promise to put an end to the importation of petrol, no less than N16.9 trillion has been spent on importing fuel by the President, Major General Muhammadu Buhari's…
Visa van: Air peace suspends Dubai flights
Air Peace has announced the suspension of its flights to Dubai, United Arab Emirates, over the non-issuance of visas to Nigerians. This development comes two weeks after the UAE carrier,…
Black market: Naira falls by 17.6% in four days
The Nigerian naira's value has decreased against the US dollar, closing at N780/$1 just dollat According to information provided to Nairametrics by black market dealers, naira fell by 17.6% today…
Binance to establish industry recovery fund
Cryptocurrency exchange currency, Binance has announced its intention to establish an industry recovery fund in the wake of the FTX crisis. According to Nairametrics, recent tweets from CEO of Binance,…
Commodity cost: Nigerians lament despite naira gains
Despite the naira's gains over the past week, Nigerians have expressed dissatisfaction with the country's high cost of goods and services. It would be recalled that the naira, after reaching…
