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Tag: Business

Sacked-FCCPC boss confident employees will fight for fair markets
Business

Sacked-FCCPC boss confident employees will fight for fair markets

A recent and notable achievement was the imposing of a $110 million penalty on British American Tobacco Nigeria for violating the FCCPC Act. The former executive vice chairman of the Federal Competition and Consumer Protection Commission, Babatunde Irukera, stated that he left an outstanding staff at the agency to work for the cause of fair markets. Irukera […]

Cameroonian city ranked most expensive in Africa
News

Cameroonian city ranked most expensive in Africa

Living in African cities can be a genuine financial burden these days, owing to the recent increase in inflation. Everything is getting more expensive, from housing to groceries. According to one of the world’s leading data and research platforms, Numbeo, food and utilities, for example, have seen price increases. Numbeo reports that Douala, Cameroon is […]

Foreign flights fully booked despite naira scarcity
Aviation

Foreign flights fully booked despite naira scarcity

In a surprising turn of events, foreign flights from Nigeria are experiencing unprecedented demand and are reportedly fully booked, despite the prevailing scarcity of the naira and economic challenges facing the country. Most airlines serving the Lagos-London, Lagos-USA, and Lagos-Paris routes were fully booked for the festive season despite the high cost of tickets which keeps increasing. […]

Kenya overtakes Nigeria in start-up funding ranking
Business

Kenya overtakes Nigeria in start-up funding ranking

Alex Omenye Nigeria lost the top position for the most funded startups in Africa to Kenya. This development was contained in an analysis of the African startup funding in 2023 by a research outfit, ‘Africa: The Big Deal.’ The report stated that startups in the East African country attracted the largest amount of funding in […]

South Korea passes law to ban dog meat trade
Business

South Korea passes law to ban dog meat trade

South Korea has passed a new law that calls for the abolition of dog meat slaughter and sale by 2027. According to BBC, the legislation intends to put an end to the centuries-old habit of eating dog flesh. The legislation prohibits raising or slaughtering dogs for human food, as well as distributing or selling dog […]

JAPA: Overstay your visa, face permanent ban, US warns Nigerians
News

Nigeria to start non-physical passport application March 8

Alex Omenye The Federal Government has announced its finalized arrangements to commence full non-physical passport applications and their subsequent delivery to applicants using courier services. “Starting March 8, Nigerians will no longer have to come to our offices for their biometric,” the Minister of Interior Olubunmi Tunji-Ojo disclosed on Monday’s Channels Politics Today. “They can […]

Dangote refinery investors gain N1.2tn in two days
featured

Dangote to begin production as crude supply hits 6 million barrels

The Dangote Petroleum Refinery stated on Monday that it is ready to begin producing refined petroleum products after receiving the 6th batch of one million barrels of crude oil needed for the plant’s starting operations. According to The PUNCH, “Dangote refinery appears set to commence production of refined petroleum products with the receipt of the […]

Nigerian digital entreprenuers to look out for in 2024
News Tech

Nigerian digital entreprenuers to look out for in 2024

In the dynamic landscape of Nigeria’s digital sphere, a new generation of digital entrepreneurs is emerging as pioneers, shaping the future of technology and innovation in the country. These entrepreneurs make a living and advance humanity with digital platforms. These visionaries, armed with innovative ideas and a relentless drive, turn challenges into opportunities, bringing about […]

Why Nigerian billionaires dropped on global billionaires ranking
Business featured

Why Nigerian billionaires dropped on global billionaires ranking

Nigerian billionaires, Aliko Dangote – President/Chief Executive of the Dangote Group, AbdulSamad Rabiu – BUA Group chairman, and Mike Adenuga – Globacom chief, have dropped on the global billionaires ranking. This is coming less than one year after Forbes magazine named three Nigerians among its 2460 individual billionaires in its 2023 Billionaires list. According to […]

CBN fails to tackle spraying as cash scarcity bites harder
News

CBN fails to tackle spraying as cash scarcity bites harder

The traditional and cultural practice of spraying(spending) cash during parties in Nigeria has become increasingly challenging to control. A lot of Nigerians can still buy their way into getting enough cash especially in new notes to spray at these events despite the ban by the apex bank. A business man based in the FCT, Adekunle […]

NCC orders MTN to disconnect Globacom amid interconnect debt dispute
Telecommunications

NCC orders MTN to disconnect Globacom amid interconnect debt dispute

The Nigerian Communications Commission has authorized MTN to disconnect Globacom partially due to the former’s failure to pay interconnect debt. According to Nairametrics, Globacom subscribers will be unable to make calls to any MTN number as a result of the partial disconnection. Glo consumers, however, can receive inbound calls from MTN customers. The NCC made the announcement […]

Microsoft removes Problem Steps Recorder from Windows 11
News Tech

Microsoft removes Problem Steps Recorder from Windows 11

Microsoft has declared its move to remove the Problem Steps Recorder tool from Windows 11. When Microsoft first released Windows 7 in 2009, Steps Recorder was known as Problem Steps Recorder. It’s a straightforward screen recording tool that records user activity. The tool’s primary purpose was to automatically generate problem captures for use as proof […]

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