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Tag: Business

LASBCA laments rising attacks on officials
News

LASBCA laments rising attacks on officials

The General Manager of the Lagos State Building Control Agency, Gbolahan Oki, has condemned the recent series of attacks on agency staff. According to The PUNCH, he said this in response to a recent attack on its officials with hazardous weapons and charms while on routine patrol around Lagos’ Musical Village, Awolowo Road, and Ikorodu area. […]

Kuda hits N55.8trn transactions
News Tech

Kuda hits N55.8trn transactions

Nigerian neobank Kuda has done ₦55.8 trillion in transactions since its inception in August 2019, CEO Babs Ogundeyi disclosed in a New Year’s greeting to subscribers. While serving more than seven million clients, the bank, according to Ogundeyi, accomplished this milestone. “We are proud of the headway we made against all odds,” he said. Kuda, […]

US court revives lawsuit against Elon Musk over child porn content
News Tech

Elon Musk denies alleged illegal drug use

Following a report in the Wall Street Journal detailing Elon Musk’s drug use, the CEO of Tesla and founder of SpaceX denied using illegal drugs on Sunday, saying that “not even trace quantities” of drugs or alcohol were found in his body over three years of random drug tests. The billionaire has “never failed a […]

Zanzibar to build first seven-star hotel in East Africa
Business

Zanzibar to build first seven-star hotel in East Africa

Zanzibar hopes to raise the bar for African hospitality by constructing a seven-star hotel. According to a Tanzanian publication, The Citizen, this is also part of its aim to strengthen tourism, its core sector. The hotel will be constructed on a tiny island. The Montuli would be the name of the ambitious seven-star deluxe hotel, […]

Five things to know before launching your fashion brand
Business featured

Five things to know before launching your fashion brand

The fashion industry is a major component of African economies, with enormous growth and development potential. The industry has various advantages, such as employment creation, export prospects, and economic growth. However, substantial obstacles exist, such as a lack of access to funding, limited infrastructure, and fierce competition. Starting a fashion business in Africa needs careful planning, […]

FG okays Air Peace, Max Air, FlyNas for 2024 Hajj
Aviation

FG okays Air Peace, Max Air, FlyNas for 2024 Hajj

The federal government of Nigeria has designated three airlines as sole carriers of Muslim pilgrims to Saudi Arabia for the Hajj pilgrimage, in an effort to help this year’s Hajj activities run smoothly. According to Arise News, Air Peace Limited, FlyNas, and Max Air are among the carriers affected. A statement issued at the weekend by […]

Premium smartphone market to expand by 6% - Report
Business

Premium smartphone market to expand by 6% – Report

Sales of premium smartphones (with a wholesale price of at least $600) are expected to reach a record high of 6% in 2023, according to Counterpoint Research’s Market Pulse Service. According to The PUNCH, the company, this would be in contrast to the fall predicted for the global smartphone industry last year. The report stated […]

FG targets 6500 megawatts power generation in six months
Electricity

NERC threatens Discos with fines for refusing to accept power

Despite the widespread blackout in Nigeria, the Nigerian Electricity Regulatory Commission has expressed worry over electricity load rejection by power distribution companies. According to The Punch, it vowed to take appropriate regulatory action against Discos that failed to reach the major performance criteria for energy offtake, emphasizing the growing gap between available power capacity and […]

Dry season farming to create 10m jobs - FG
Agribusiness

FG to combat growing food prices with rice production

The Minister of Agriculture and Food Security, Abubakar Kyari, announced on Friday that the Federal Government had begun mass production of food crops in order to reduce food prices across the country. According to The PUNCH, he stated that the government’s goal was to lower food inflation, citing it as the primary cause of Nigeria’s […]

Business opportunities in Nigerian waste collection industry
Business

Business opportunities in Nigerian waste collection industry

In Nigeria, the waste collection industry is critical to addressing growing environmental concerns and supporting sustainable waste management methods. Waste, sometimes known as “garbage” is the term used to describe abandoned materials, substances, or by-products that are no longer valuable or intended for further use. With increased urbanization and industrialization, the volume of trash generated has increased dramatically, […]

LASEPA seizes three Lagos tankers over illegal diesel sales
Oil and Gas

LASEPA seizes three Lagos tankers over illegal diesel sales

The Lagos State Environmental Protection Agency, has seized three tankers selling Automative Gas Oil also known as diesel along Taslim Elias Close in Victoria Island. The statement which was announced on Saturday via X revealed that they acted based on complaints from residents regarding illegal fuel sales in the area. “The apprehended trucks were discovered […]

Only 29% of Nigerians have access to mobile internet - Report
News Tech

How to stop your iPhone from listening to you

Amid controversies surrounding the iPhone’s ability to eavesdrop on conversations of its owners, a report has revealed how users can prevent the Apple-owned smartphone from listening to them. According to a recent 404 Media report, marketing firms can truly listen to phones in order to show you advertisements. According to 404 Media, the companies “has […]

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