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Airlines face possible cancellations as fuel supply tightens

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Tag: Nigeria

Cadbury's $7m debt to stock conversion approved by shareholders
Business

NGX hits 4.24% as Cadbury Nigeria leads weekly gainers 

Cadbury Nigeria was the biggest gainer on the NGX for the week ending January 12, 2024. The Times reported that the All-Share Index rose 4.24% to close at 83,042.96 points, up 3,378.3 points from the previous week’s close of 79,664.66 points. The NGX All-Share Index hit a record-breaking 83,191.84 points on Tuesday, January 9, 2024, capping […]

SEC grants NASD approval to launch digital securities platform
Business

SEC grants NASD approval to launch digital securities platform

The Nigerian Securities and Exchange Commission has approved NASD Plc’s launch of its Digital Securities Platform, powered by Blockstation, under the Regulatory Incubation Program. The Times reported that the NASD in a press statement stated that this follows the Central Bank of Nigeria lifting of the ban on trading in digital assets, which represents a significant step towards […]

Penny stocks predict positive returns for investors
Business

Penny stocks predict positive returns for investors

Penny stocks such as insurance companies, Sterling Financial Holdings Company Plc, and JapaulGold, among others, are expected to perform well on the Nigerian Exchange Limited this year. The PUNCH revealed that this is according to the FY 2023 Review and 2024 Outlook report compiled by financial services holding company, Afrinvest. The stocks included in this projection […]

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 […]

SpaceX launches satellite-powered text messaging
News Tech

SpaceX launches satellite-powered text messaging

SpaceX has unveiled text messaging between two phones in a newly deployed mobile network satellite. The innovation is the most recent turning point in the company’s attempt to provide a worldwide mobile network driven by low-Earth orbit satellites. It will provide connection in the most isolated and difficult-to-reach places, according to SpaceX. As with current […]

Australia fines Google $36m over anticompetitive search engine deals
News Tech

Google, Bing face criticism over x-rated results

Search engines DuckDuckGo, Bing, and Google are facing criticism for including nonconsensual artificial intelligence deepfake pornography at the top of some search results. The process of making explicit deepfake images involves taking original sexual content and replacing the actor’s or actress’s face with a likely actual person, such as a celebrity. Tests utilizing a combination […]

BlackRock to acquire Adebayo Ogunlesi’s GIP for $12.5b
News Tech

BlackRock to acquire Adebayo Ogunlesi’s GIP for $12.5b

BlackRock Inc. has disclosed its readiness to acquire Adebayo Ogunlesi’s Global Infrastructure Partners for around $12.5 billion. The acquisition is anticipated to finalize in the third quarter and BlackRock will pay $3 billion in cash and around 12 million shares, which would have been valued at nearly $9.5 billion at Thursday’s closing. Ogunlesi, the chairman […]

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
featured

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 […]

NNPCL fuel subsidy gains not fully remitted - World Bank
News

FG to expand $100m world bank-funded women’s project

The Federal Government has announced plans to expand the Nigeria for Women Project in partnership with the World Bank. AMBusiness reports that the alliance aims to expand economic empowerment to more rural populations. The Minister of Women Affairs, Uju Kennedy-Ohanenye, made the announcement during a crucial meeting in Abuja on Thursday, which was attended by key […]

OpenAI CEO Sam Altman weds partner
News Tech

OpenAI CEO Sam Altman weds partner

OpenAI CEO Sam Altman on Friday wedded his partner Oliver Mulherin in a beachside wedding in Hawaii. Speaking to NBC News, Altman confirmed the news of his marriage following the appearance of images from the union on social media. The images displayed Altman and Mulherin at the location with perhaps a dozen people and palm […]

Nigeria leads Africa’s booming beauty market — Report
Business

Nigeria leads Africa’s booming beauty market — Report

Nigerians have always stood out when it comes to beauty and personal care. Little wonder the Nigerian market was reported to have imported more than $1.1 billion in cosmetics, fragrances, essential oils, and toiletries. This data comes from a comprehensive study by Beauty West Africa, the organizers of Africa’s largest beauty show event, which took place at the […]

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