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Airlines face possible cancellations as fuel supply tightens

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Tag: Nigeria

Mobile users spent $171bn on apps in 2023 - Report
Business

Mobile users spent $171bn on apps in 2023 – Report

Mobile users worldwide spent $171 billion in China through third-party Android app shops, Google Play, and the App Store in 2023. This was disclosed in data.ai’s newest State of Mobile 2024 study. When compared to 2022, 2023 spending reflects a 3% rise. Last year, however, app downloads climbed by only 1% to 257 billion. According […]

Optimera Energy establishes gas facilities in Lagos Free Zone
Oil and Gas

Optimera Energy establishes gas facilities in Lagos Free Zone

Optimera Energy LFZ Enterprise has begun development of infrastructure at the Lagos Free Zone to supply natural gas to zone businesses. According to The PUNCH, the Managing Director of Optimera Energy, Mrs Audrey Joe-Ezigbo, revealed during the zone’s groundbreaking event on Tuesday that the infrastructure included a 25 million Standard Cubic Feet per day City Gate Station, […]

Chevron Nigeria appoints new chairman
Appointments

Chevron Nigeria appoints new chairman

Chevron Nigeria Limited has a new Chairman and Managing Director, Jim Swartz. This was announced in a statement on Wednesday by General Manager, Policy, Government, and Public Affairs Chevron Nigeria Limited, Esimaje Brikinn. Swartz, who was the Vice President of Capital Projects in Houston, Texas, prior to his appointment, was named Chairman and Managing Director of […]

NGX to draw in more investors - CEO
Business

NGX reports first loss of N638bn in new year

The Nigerian Exchange Limited’s market capitalization fell for the first time in the new year. The market’s eight-day surge came to an end on Wednesday, when the market cap fell by around N638 billion to close at N44.885 trillion. This comes just one day after the market cap surpassed N45 trillion. Although the All-Share Index, […]

Top ten most powerful passports in the world
featured News

Top ten most powerful passports in the world

Passports provide a gateway for destinations. With 2024 underway, the Henley Passport Index sheds light on the major participants in the international economy as well as the effects and aftereffects of the pandemic and wars. It also offers us a preview of what’s to come. It rates all 199 worldwide passports based on the number […]

Nigeria's inflation will fall to 21% in 2024 - Cardoso
Business

Ghana’s inflation rate drops to 23.2%

Ghana’s inflation rate fell to 23.2% in December 2023, a considerable decrease from the 26.4% reported in November 2023. According to Bloomberg, to battle inflation, the Bank of Ghana’s monetary policy committee kept the policy rate at 30% in November for the third time in a year. The continuous decrease in inflation data has fueled […]

HP acquires Humane’s assets for $116m, AI pin sales discontinued
News Tech

Humane lays off 4% staff before launch of AI pins

Hardware company, Humane, has declared that it would be laying off 10 workers, or 4% of its total staff. “As we begin this new chapter of Humane, going from stealth to customer facing, we are making some changes to best prepare us for continued growth,” CEO and co-founder Bethany Bongiorno wrote in a LinkedIn post. […]

LIRS sets January 31st deadline for filing tax returns
News

LIRS sets January 31st deadline for filing tax returns

The Lagos State Internal Revenue Service has set January 31st, 2023 as the deadline for businesses and individuals to file their annual tax filings. The chief of the LIRS’s Relationship Management Unit, Mojisola Aboyade-Cole, said this during an interview with Arise TV. According to her, businesses can file their tax returns online through the e-tax platform, as […]

X removes support for NFT profile images
News Tech

X removes support for NFT profile images

Microblogging platform X, formerly known as Twitter has quietly removed the feature that allowed users to select NFT as their profile image. This follows after Elon Musk’s X revealed a broad plan for the business in 2024 that included further AI-powered capabilities. Amidst all of this, the functionality was first introduced in January 2022 under […]

Elon Musk blames 'Supervillain-Level' cyberattack for X outage
Business

Elon Musk’s X to launch peer-to-peer payments in 2024

Social media company, X, has plans to launch a peer-to-peer payment system on the platform this year as part of Elon Musk’s efforts to make it into an ‘everything’ app. Musk has been outlining plans to alter the platform once known as Twitter since acquiring the company more than a year ago, including payments, creator tools, […]

Dangote refinery urges NUPENG, PTD to resolve conflict
News

Dangote reclaims top spot on Forbes as Africa’s richest man

Forbes Real-Time Billionaires has reported that Nigerian entrepreneur and philanthropist, Aliko Dangote, has restored his title as Africa’s richest person. This is coming after a South African business billionaire, Johann Ruper, surpassed Dangote as Africa’s richest man last week. According to the January 8 ranking, Dangote’s net wealth increased by $10 million to $10.1 billion, while Rupert’s net worth was $10 […]

FG approves Air Peace for direct Nigeria-Brazil flights
Aviation

Air Peace expands, begins Abidjan, Cotonou flights

One of Nigeria’s leading airlines, Air Peace, is set to start direct connectivity from its Lagos hub to Cotonou in Benin Republic and Abidjan in Ivory Coast on January 22, 2024. This will increasing the total number of regional destinations to ten in less than a decade of regular aircraft operations. This information was revealed in a news […]

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