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CPPE warns reversing economic reforms could harm Nigeria’s economy

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Hacker group Lockbit leaks Boeing data
Aviation News

Boeing, workers reach deal to prevent strike

Boeing and the International Association of Machinists and Aerospace Workers have reached a new labour agreement, averting a potential strike. The deal includes a 25% wage increase over four years, improvements in health-care costs and retirement benefits, and a commitment from Boeing to manufacture its next airplane in the Pacific Northwest. Meanwhile, the agreement must […]

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FG’s planned VAT hike could worsen economy – Atiku

Former Vice President Atiku Abubakar has condemned the federal government’s proposal to raise the Value Added Tax rate from 7.5% to 10%, warning that it could exacerbate Nigeria’s economic challenges. In a statement posted on his official X account on Sunday, Atiku Abubakar argued that the VAT hike, combined with recent policy shifts, could intensify […]

Nigeria, others spent $1.4trn on debt servicing in 2023 - World Bank
News

FG seeks six-month extension for $132m W’Bank loan project

The Federal Government of Nigeria has formally requested a six-month extension to complete the $132.42 million World Bank-funded Innovation Development and Effectiveness in the Acquisition of Skills Project, according to a restructuring document. The IDEAS Project, which aims to bolster Nigeria’s capacity to develop relevant skills for both formal and informal sectors, was initially approved […]

Meta to unveil Twitter-like 'Threads' app
News Tech

Meta, Spotify explore deeper music integration in instagram

Meta and Spotify are testing a new feature that could allow users to continuously share the music they’re listening to through Instagram’s Notes, a recent discovery suggests. This feature was first identified by reverse engineer Alessandro Paluzzi, who frequently uncovers unreleased developments in popular apps. Paluzzi shared a screenshot on Meta’s Threads platform that highlights […]

Power crisis hits manufacturers as energy costs rise 27%
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NNPCL, Chinese firm partner to build 350 megawatts power plant

The Nigeria National Petroleum Company Ltd has officially signed a Memorandum of Understanding with China Engineering and Machinery Corporation to jointly develop the Gwagwalada Independent Power Plant project. This was disclosed in a statement by the company via a post on X on Saturday, highlighting the project’s significance for Nigeria’s economy. NNPCL’s Executive Vice President […]

Meta to introduce interoperability for WhatsApp, Messenger in Europe
News

Meta to introduce interoperability for WhatsApp, Messenger in Europe

Meta is making significant updates to WhatsApp and Messenger to allow interoperability with third-party chat apps in Europe, the company announced in a recent post. The changes are part of Meta’s compliance with the European Union’s Digital Markets Act, which requires major companies, known as “gatekeepers,” to ensure their platforms work seamlessly with third-party services, […]

News

NCAA appoints NG Eagle to manage Dana Air passengers’ refund

The Nigeria Civil Aviation Authority has stated that NG Eagle, Dana Air’s new partner, has been designated to manage ticket refunds and flight bookings for passengers affected by Dana Air’s suspension following an April runway incursion at Lagos domestic airport. Tiswas disclosed in a statement by the NCAA’s Director of Public Affairs and Consumer Protection, […]

OPay to charge N50 on transfers from N10,000 above
News

OPay to charge N50 on transfers from N10,000 above

OPay has announced a new fee on electronic transfers to personal and business accounts, in line with Federal Inland Revenue Service regulations. Effective September 9, 2024, a one-time charge of N50 will be applied to transfers of N10,000 or more. In a notice issued on Saturday, OPay informed its customers: “Starting September 9, 2024, a […]

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NNPC refutes sole off-taker claim, says Dangote refinery can sell widely

The Nigerian National Petroleum Company Limited has rejected allegations from the Muslim Rights Concern that it is the exclusive off-taker of petrol from the Dangote refinery and is manipulating the market to prevent lower fuel prices. This was disclosed in a statement by NNPC’s Chief Corporate Communications Manager, Olufemi Soneye via the company’s official Twitter […]

Australia fines Google $36m over anticompetitive search engine deals
Tech

Google guilty of abusing dominance in digital ad, says UK regulator

Britain’s Competition and Markets Authority announced on Friday that it has provisionally found Alphabet’s Google guilty of abusing its dominant position in digital advertising, thereby restricting competition. The CMA believes Google has engaged in anti-competitive practices by favoring its own ad exchange, AdX, in the open display ad tech market, potentially harming thousands of British […]

News

FG disburses N2.146bn in student loans to 18,998 beneficiaries

The Federal Government has disbursed N2.146 billion in student loans, benefiting 18,998 students across Nigeria. The Nigerian Education Loan Fund announced that this latest distribution extends the program to 40 additional higher institutions, bringing the total number of participating institutions to 59. This initiative highlights NELFUND’s commitment to expanding access to higher education, particularly for […]

X to resume headlines display - Elon Musk
Tech

X’s global affairs head Nick Pickles leaves after a decade

The global affairs head at X, Nick Pickles, announced on Thursday that he will be leaving the company after ten years. Pickles, who joined the social media platform formerly known as Twitter in 2014, revealed that he had decided to step down several months ago and has been working closely with CEO Linda Yaccarino to […]

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