Ikea to cut prices this year due to deflation – CEO
Ikea has stated ahead of the World Economic Forum’s annual conference that it will keep to planned price cuts despite Red Sea shipping interruptions…
Business
Shell to sell Nigerian onshore oil assets for $1.3bn
Shell Plc has agreed to sell its Nigerian onshore oil assets to a local partnership for more than $1.3 billion, subject to…
Apple to halt blood oxygen feature on smartwatches
Apple has decided to remove the blood oxygen feature from smartwatches in order to avoid an import prohibition. This is coming after…
UK expands work visa sponsors for Nigerians
The UK updated the list of organizations eligible to sponsor work visas for Nigerians in 2024 on January 12, 2024. These businesses…
Microsoft partners Vodafone to provide cloud services
In order to provide generative AI, digital, enterprise, and cloud services to over 300 million organizations and consumers throughout its European and…
Microsoft launches paid Copilot subscription plan
Microsoft on Tuesday said its lowering the eligibility restrictions for enterprise-level Copilot solutions and introducing a subscription plan targeted at consumers. For…
How my life was threatened over NIN-SIM data tracking – Pantami
The former Minister of Communications and Digital Economy, Isa Pantami, has stated that his life was threatened by criminals when he reintroduced NIN-SIM data…
Nigeria needs $80bn investments for Agenda 2050 – Minister
The Minister of Budget and Economic Planning, Sen. Atiku Bagudu, stated that Nigeria needs at least $100 billion in investments to accomplish the Nigeria…
LivingTrust Mortgage Bank repays DBN N950m loan
LivingTrust Mortgage Bank Plc has repaid a N950 million MSMEs grant to the Development Bank of Nigeria two months earlier than the…
Nigerian startup 60Seconds launches nightlife experience app
A Nigerian startup, 60Seconds, has built a platform that will revolutionize how revellers interact, engage, and transact in their favourite night spots. The PUNCH…
Transcorp Hotels becomes first Nigerian firm to pass N1tn market cap
A hospitality subsidiary of Transnational Corporation Plc, Transcorp Hotels Plc, is Nigeria’s first hospitality organization to cross the N1 trillion market capitalization threshold, admitting…
Nigeria’s Inflation hits 28.92% amid food price hike
Nigeria’s headline inflation jumped by 0.72 per cent to 28.92 per cent in December 2023, up from 28.20 per cent in November…