Tag: Business

New mosquito species 'Steve' threatens malaria fight in Nigeria, others
News

New mosquito species ‘Steve’ threatens malaria fight in Nigeria, others

Nigeria and other African countries are at risk of malaria over the discovery of a mosquito species known as “Steve” (scientifically named Anopheles stephensi) which can be responsible for an increase in malaria cases and is raising serious public health concerns. According to the World Health Organization, the “Steve” mosquito, which is found in South […]

Why CBN won't print naira again - Budget minister
Banking

Why CBN won’t print naira again – Budget minister

The Federal Government has stated that it will no longer permit the Central Bank of Nigeria to print money through Ways and Means to pay the budget deficit in the face of revenue pressures on the 2024 national budget. The Minister of Budget and National Planning, Atiku Bagudu, revealed this information in an interview with journalists […]

Amazon plans stand-alone app for payments in India
Tech

Amazon lays off staff from Buy with Prime division

Amazon on Thursday, announced that it is letting go of less than 5% of its workforce at its Buy with Prime division. Buy with Prime, which debuted in 2022, provides fulfilment and shipping services via its logistics network to businesses that aren’t Amazon merchants. The division is still a high priority, according to Amazon, which […]

FG relocates FAAN headquarters from Abuja to Lagos
Aviation

FG relocates FAAN headquarters from Abuja to Lagos

The federal government has announced the relocation of the Federal Airport Authority of Nigeria from Abuja to Lagos. FAAN’s managing director and chief executive officer, Olubunmi Kuku, stated this in a circular dated January 15, 2024. According to Kuku, the Minister of Aviation and Aerospace, Festus Keyamo, gave the order to relocate the headquarters to Lagos. In […]

Students sign up for Cousera AI courses every minute - CEO
Tech

Students sign up for Cousera AI courses every minute – CEO

For its artificial intelligence courses in 2023, the American edutech platform Coursera adds a new student per minute on average, according to CEO Jeff Maggioncalda’s statement on Thursday. “I’d say the real hotspot is generative AI because it affects so many people,” Jeff told Reuters at the World Economic Forum in Davos. With the help […]

Top 10 billionaires in the world 
featured

Top 10 billionaires in the world 

The Forbes Real – Time Billionaires list has revealed that Elon Musk is the world’s wealthiest person as of 18 January 2024, with a staggering net worth of over $227 billion. He is the CEO of a number of companies, including electric car manufacturer Tesla and space exploration company SpaceX and his recently purchased Twitter now known […]

Eterna Plc names Aliu Kamiyo Chief Financial Officer
Oil and Gas

Eterna Plc names Aliu Kamiyo Chief Financial Officer

The Board of Eterna Plc has announced the appointment of Mr. Aliu Kamiyo as the company’s Chief Financial Officer. According to the company’s announcement to the Nigerian Exchange Limited and the investing public, the appointment became effective on January 16, 2024. Kamiyo takes over from Mr. Abdukerimu Sule, who recently resigned from the company, according to […]

Eterna Plc to become official distributor of Dangote refinery  products
Business

Eterna Plc to become official distributor of Dangote refinery  products

Eterna Plc has signed an agreement with Dangote Petrochemical Refinery to become an official sales distributor for their products in Nigeria. According to a corporate report signed by Eterna Plc’s Company Secretary,  Mandella Golkus, the company has increased its trucking capacity through vehicle acquisition and a collaboration with a third-party transportation company. “Eterna Plc; a leading integrated […]

Meta’s director Sheryl Sandberg steps down
Tech

Meta’s director Sheryl Sandberg steps down

The former chief operating officer of Meta, Sheryl Sandberg, on Wednesday said on Facebook that she will be leaving her role as a director of the company in May when her term comes to an end. In the post, Sandberg stated, “Meta business is strong and well-positioned for the future, so this feels like the […]

Equity market loses N92bn as stocks tumbles
featured

Nigeria’s stock market crosses 90,000 mark

Nigeria’s stock market is now the greatest in the world, according to a strong close on Wednesday that helped it overcome Argentina, which it trailed last week. BusinessDay reported that the Nigerian Exchange Limited All Share Index climbed 2.38 per cent on Wednesday, reaching the 90,000 mark as bulls dominated trading. The market is up 20.45 per […]

Google to lay off more staff – CEO Sundar Pichai
Tech

Google to lay off more staff – CEO Sundar Pichai

The CEO of Google, Sundar Pichai has disclosed to employees in a memo that more layoffs are anticipated this year. This comes after the layoff of over 1,000 people across several departments last week and the slashing of 100 jobs at YouTube, Pichai’s message warned the firm will have to make “tough choices” to accomplish […]

Dangote Plc becomes most valuable company in Nigeria
Business

Dangote Plc becomes most valuable company in Nigeria

Dangote Cement Plc on Wednesday, surpassed Airtel Africa Plc to become the most valuable company on the Nigerian Exchange Limited, with a 9.98 percent increase in share price. In little than a week, the richest man in Africa rose from third place to the top with his main firm. On November 1, 2023, Airtel Africa […]