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Tag: Nigeria

Dangote fuel will be sold in naira not dollars - IPMAN
Oil and Gas

Dangote fuel will be sold in naira not dollars – IPMAN

Juliet Buna Oil marketers clarified on Monday that the refined petroleum products from the $20bn Dangote Petroleum Refinery are to be sold in naira and not in the United States dollar as speculated in some quarters. According to The PUNCH, the National Public Relations Officer, IPMAN, Chief Ukadike Chinedu, admitted that it was true that […]

Mozilla accuses Google, Apple, Microsoft of blocking users
Tech

Mozilla accuses Google, Apple, Microsoft of blocking users

Software company, Mozilla, has accused Apple, Google, and Microsoft of using their control over hardware and operating systems to force more people to use their browsers. The company said in a recent blog post that Mozilla’s Firefox browser is being disadvantaged as a result of Microsoft, Google, and Apple making it difficult for people to […]

Google signs $3bn US hydropower deal amid AI energy race
Tech

Alphabet’s X lab lays off staff

Alphabet’s division dedicated to developing new technologies is letting go of dozens of employees, Bloomberg News reported on Monday. X Lab is restructuring its organizational structure to facilitate the easier spin-out of its projects from the division with backing from Alphabet and other investors. Support staff members were the primary targets of the layoffs. “X […]

Dangote cement hits historic N10trn market capitalization
Business

Dangote cement hits historic N10trn market capitalization

Dangote Cement’s market capitalization surpassed N10 trillion at the conclusion of trade on Monday, making it the first business to reach that milestone on the Nigerian Exchange. According to The PUNCH, it closed trading with a market capitalization of N10.098tn. In eight months of Tinubu’s administration, Nigeria’s stock market has led the world. Dangote Cement […]

Cooking gas prices skyrocket by 114% in 16 months - Report
Energy

10 states with highest cooking gas price

The average cost of a 5kg cooking gas cylinder saw a national increase of 8.70%, rising from N4,565.56 in December 2022 to N4,962.87 in December 2023. This information was revealed in the December 2023 Liquified Petroleum Gas price watch report published by the National Bureau of Statistics NBS. Notably, the price of cooking gas showed […]

Kenya waives visa fees for Ethiopia, five other nations
Investment

Kenya, Egypt, Nigeria top Africa’s investment destination list – Report

Africa’s investment landscape is shaping up to be a captivating story of growth and expansion, with Kenya, Egypt, Nigeria, and South Africa emerging as the top funding destinations. According to the “Africa Investment Report 2023,” Kenya, Egypt, Nigeria, and South Africa would account for 68% of the continent’s total investment in 2023. According to the […]

Cameroon launches malaria vaccination program to combat disease
News

Cameroon launches malaria vaccination program to combat disease

Cameroon has initiated a malaria vaccination program to assist alleviate the load on the country’s health-care system. With the vaccination program starting today, this step is a big milestone for the West African country, given the disease’s prevalence in the region. WHO approved GSK’s RTS,S vaccine for use alongside mosquito nets in the national campaign. […]

Top 100 companies to watch for remote jobs in 2024
Tech

Top 100 companies to watch for remote jobs in 2024

FlexJobs has unveiled the Top 100 Companies to Watch for Remote Jobs, with Working Solutions, LiveOps, and CVS Health topping the top three positions. A survey of more than 60,000 American businesses and their remote job advertising from January 1, 2023, to December 31, 2023 resulted in the recently released 11th annual ranking. According to […]

Oil losses continue as Brent oil sells at $78 per barrel
Oil and Gas

Oil losses continue as Brent oil sells at $78 per barrel

Brent crude was trading at $78.47 a barrel at 03:53 am GMT on Monday, January 22, according to an early analysis of oil prices. According to Reuters, prices struggled to gain traction as economic uncertainty weighed heavily on the outlook for global oil consumption, despite geopolitical concerns in the Middle East and a recent attack […]

Business

NNPC to use Afrexim bank’s $3.3bn loan for operational costs

The Nigerian National Petroleum Company Limited stated its plan to use the $3.3 billion loan received from the African Export-Import Bank to cover operating demands and pay upfront tax and royalties owed to Nigeria on Sunday. The Times reported that this was revealed in a paper titled ‘Frequently Asked Questions – Project Gazelle,’ provided by […]

Meta introduces message summaries to WhatsApp
Tech

WhatsApp to add wireless file transfer feature

Every year, WhatsApp adds a ton of new features. It appears that the platform is developing a function that will allow users to transfer files wirelessly. It appears that devices that are close to one another can use this capability. This is in addition to the file-sharing features currently found on iPhones and Android cellphones. […]

Terraform Labs files for bankruptcy
Crypto

Terraform Labs files for bankruptcy

Crypto company, Terraform Labs, the company that caused the collapse of two stablecoins, Luna and TerraUSD, to wipe approximately $40 billion from the cryptocurrency market filed for Chapter 11 bankruptcy protection on Sunday. According to Bloomberg, the cryptocurrency company’s estimated liabilities and assets fall between $100 million and $500 million, and its estimated creditor count […]

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