Tag: Economy

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 […]

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 […]

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 […]

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 […]