Why fossil fuel phaseout is unavoidable – UN
The United Nations Secretary-General, António Guterres, stated that phasing out fossil fuels was not only necessary but also unavoidable. The PUNCH reported…
Economy
Subsidy removal to make space for development spending – IMF
The International Monetary Fund has stated that, while Nigeria and other low-income debtors are yet to request debt relief, high debt servicing…
10 unbelievable things Nigeria imports
Countries around the globe frequently partake in the importation of goods, especially when local manufacturing or production cannot meet the demands of…
NGX halts trading of delisted-GSK shares
The Nigerian Exchange Limited has halted trading on Glaxo SmithKline Consumer Nigeria Plc’s shares in anticipation of its eventual delisting from the…
NEITI to release old data, says global body
A global organization that advocates for transparency in the oil and mining industries, known as the Extractive Industries Transparency Initiative, has expressed concern on…
Tesla issues recall for 200,000 vehicles over camera glitch
Tesla has issued a recall for approximately 200,000 vehicles in the United States due to issues with the backup camera failing to…
EKEDC chair demands increased investment in electricity sector
The Chairman of the Board of Directors of Eko Electricity Distribution Company, Dr Dere Otubu, has advocated for additional investment in Nigeria’s…
Mercedez mistakenly exposes customers’ data
Mercedes-Benz inadvertently left a significant amount of internal data exposed, after a private key was mistakenly made public, providing “unrestricted access” to…
FCTA approves N7bn for teachers’ salary arrears
The Secretary for Education in the Federal Capital Territory Administration, Dr. Danlami Hayyo, has announced the approval of N7 billion to settle…
FCMB reports gross earnings of N516.8bn in 2023
FCMB Group Plc has released its unaudited annual report and financial statements for fiscal year 2023. The Times reported that the group’s gross…
Moniepoint records 5.2bn transactions in 2023
Nigeria’s payments startup Moniepoint ended 2023 with 5.2 billion transactions over its online, mobile, card, and in-person payment channels, averaging 433 million…
Lagos State considers building own airline
Lagos State has considered establishing an airline for passenger operations as it prepares to begin construction of its own airport in Lekki.…