Nigeria Railways records 103% rise in Q3 2023 income
The Nigeria Railway Corporation generated around N1.895 billion in income from passenger and cargo transportation in the third quarter of 2023. The…
market
FCMB increases earnings by 207% to N95bn
FCMB Group has recorded a 206.86 per cent increase in profit for the fiscal year ending December 2023 to N95.52 billion. According to…
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…
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…
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…
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.…
Salesforce cuts workforce by 700
Salesforce is reducing its workforce by approximately 700 positions, accounting for about 1% of its global employee base, as per a Friday…