Tag: News

Nigeria, Germany partner on SME growth
Business

SMEDAN to acquire N6bn motorcycles, tricycles

The Small and Medium Enterprises Development Agency of Nigeria would spend N6.2 billion on motorbikes and tricycles as part of empowerment projects for Nigerian youths and women in 2024. The PUNCH reported that this is despite the fact that 12 state governments and the Federal Capital Territory have completely or partially prohibited motorcycle activities. According […]

Agribusiness shareholders to raise N5bn capital
Business

Agribusiness shareholders to raise N5bn capital

Ellah Lakes Plc’s shareholders have approved a plan to raise approximately N5 billion in stock. The PUNCH reported that the shareholders gave their consent at the company’s latest Annual General Meeting. Resolutions from the AGM were submitted to the Nigerian Exchange Limited on Thursday. “That, the Board of Directors be and is hereby authorized to raise up to […]

Ex-finance minister Agunloye freed from prison
News

Ex-finance minister Agunloye freed from prison

By Christian George Former Minister of Power and Steel, Olu Agunloye, has reportedly regained his freedom from Kuje Prisons after fulfilling bail conditions. This was made known by the spokesperson for the Federal Capital Territory Command of the Nigerian Correctional Service, Adamu Duza, in a release. Duza stated that the former minister regained his freedom […]

Top 10 billionaires in the world 
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Top 10 billionaires in the world 

The Forbes Real – Time Billionaires list has revealed that Elon Musk is the world’s wealthiest person as of 18 January 2024, with a staggering net worth of over $227 billion. He is the CEO of a number of companies, including electric car manufacturer Tesla and space exploration company SpaceX and his recently purchased Twitter now known […]

Equity market loses N92bn as stocks tumbles
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Nigeria’s stock market crosses 90,000 mark

Nigeria’s stock market is now the greatest in the world, according to a strong close on Wednesday that helped it overcome Argentina, which it trailed last week. BusinessDay reported that the Nigerian Exchange Limited All Share Index climbed 2.38 per cent on Wednesday, reaching the 90,000 mark as bulls dominated trading. The market is up 20.45 per […]

Oil and Gas

No plan to leave Nigeria – Shell

Shell Plc has dismissed reports that it may leave Nigeria after selling its onshore business in the Niger Delta. Recall that Shell said on Tuesday that it has “reached an agreement to sell its oil business in the Niger Delta, the Shell Petroleum Development Company of Nigeria Limited” to Renaissance Africa Energy. The announcement sparked a […]

Google releases AI multisearch feature
Tech

Google releases AI multisearch feature

Google on Wednesday, launched an AI-powered tool in the US that lets users use their phones to concurrently search with text and images. At the Samsung Electronics Unpacked event, the Alphabet-owned company said that users of smartphones including the Pixel 8, Pixel 8 Pro, and the new Samsung Galaxy S24 series will be able to […]

Nigerian Exchange ahead in Africa with 33.70% gain
Business

Naira falls to 1300/$ at parallel market

The naira fell to N1,300/$ on the parallel market on Tuesday. As confirmed with the Bureau de Change operators, this comes after it closed trading on the Peer-to-Peer cryptocurrency window at N1,315.3/$1 for the day. An Abuja Bureau de Change operator in Zone 4, Magaji Muhammed, reported the rate climbed to N1,300/$ on Tuesday. He replied, […]

Why naira-dollar can't be stable - Minister
Business

Nigeria needs $80bn investments for Agenda 2050 – Minister

The Minister of Budget and Economic Planning, Sen. Atiku Bagudu, stated that Nigeria needs at least $100 billion in investments to accomplish the Nigeria Agenda 2050, with the private sector likely to contribute more than 80%. According to Arise TV,  the minister made this revelation while discussing the 2024 budget. He emphasized the importance of private capital in propelling […]

Instagram cuts 60 jobs
News Tech

Instagram cuts 60 jobs

Instagram has laid off staff at the management level by cutting 60 technical program manager roles, The Information reported. The affected workers have two months to apply for other positions inside the organization. If they are unable to find another position inside the organization after the two months, their employment will end. A former employee […]

Top 10 oldest airports in the world
Aviation

Top 10 oldest airports in the world

Airports have been in existence since the year since the year 1909, ever since, it has been a major mode of transportation all over the world. Here are the top 10 oldest airports in the world: 1. College Park Airport, US This airport located in the city of College Park, Maryland, is the world’s oldest […]

Top 10 biggest airports in Africa
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Top 10 biggest airports in Africa

Africa is a vast and diverse continent with variations in infrastructure and economic growth. Africa’s air travel is centered on large hubs such as Johannesburg, South Africa, Nairobi, Kenya, Cairo, Egypt, and Addis Ababa, Ethiopia. These cities’ airports serve as vital connecting hubs for international and domestic flights. Air travel in Africa has grown rapidly […]