FCCPC seals Abuja supermarket over unfair practices
The Federal Competition and Consumer Protection Commission has sealed 4U Supermarket formally known as Amigo Supermarket in Abuja over unscrupulous conduct. In…
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Transcorp Hotels divest interest in Calabar subsidiary
Transcorp Hotels plc, the hotel subsidiary of Transnational Corporation plc, announced that it had sold its 100% shareholding in Transcorp Hotels Calabar…
Diesel prices surged to N1,341/litre in March 2024 – NBS
The average retail price of Automotive Gas Oil also known as Diesel paid by consumers soared by 59.51% year-over-year, increasing from N840.81…
Twitch launches TikTok-like feed for livestreams, clips
Social network, Twitch is rolling discovery feed for livestreams and Clips on mobile devices aiming to provide users with a fresh way…
CBN reduces banks’ loan-deposit ratio to 50%
The Central Bank of Nigeria has reduced the loan-to-deposit ratio of commercial banks from 65 % to 50 % as part of…
NPA secures $700m loan for Apapa, Tincan ports rehabilitation
The Nigerian Ports Authority announced that it had obtained a $700m loan from Citibank for the rehabilitation of the Apapa and Tincan…
Google fires 28 workers over protest against deal with Israel
Google has terminated the employment of 28 workers who participated in protests against the company’s “Project Nimbus” cloud contract with the Israeli…
Google lays off staff to streamline operations
Alphabet-owned Google is implementing layoffs affecting an undisclosed number of employees, a company spokesperson confirmed on Wednesday. This move marks the latest…
Nigeria’s FX reserves shrink, sparks naira float speculation
The Nigerian foreign reserves are depleting at a pace not observed in four years, sparking concerns that the central bank is using…
EU issues ultimatum to Bytedance over TikTok lite
ByteDance’s TikTok has been issued a 24-hour ultimatum by the European Commission to furnish a risk assessment concerning its recent app launch,…
AMD targets AI market with enhanced semiconductors
Advanced Micro Devices has introduced a new series of semiconductors tailored for AI-enhanced business laptops and desktops, aiming to capture a larger…
‘Grant Theft Auto’ maker lays off 600 employees to cut cost
Take-Two Interactive Software; the makers of “Grand Theft Auto” has announced that it will be reducing its workforce by approximately 5%, affecting…