Tesla’s Gigafactory Electrifies California-Germany Culture Clash
With final approval for its German factory potentially just weeks away, Tesla. Elon Musk will make an appearance in the tiny town of Gruenheide this Saturday to host a county…
U.S. Lenders Expected To Report High Third Quarters Results, Iffy Loan Outlook
The largest U.S. lenders are expected to report moderately higher third-quarter profits next week as pandemic-related accounting adjustments that had doubled their earnings earlier this year taper off and business…
We Haven’t Borrowed Beyond Sustainable Limit: Nigeria’s President
President Muhammadu has justified his quest for more financial borrowings, saying that the debt of the federal government was within sustainable limits. He said that the borrowings are tied to…
China Forex Reserves Fall To Lowest Since April
China’s foreign exchange reserves fell almost 1% in September from the previous month, official data showed on Thursday, hitting their lowest level since April as the dollar gained ground against…
UK Online Grocer Ocado To Invest $13.6 Million In Driverless Technology Startup Wayve
British online grocer Ocado is investing 10 million pounds ($13.6 million) in self-driving technology startup Wayve and a partnership to develop autonomous grocery deliveries that can handle tough traffic on…
Nigeria Total Pension Assets Have Risen To Over N13 Trillion: PenCom
National Pension Commission (PenCom) says the nation’s total pension assets have risen to over N13 trillion. Director-general of the pension commission, Aisha Dahir-Umar, made the disclosure yesterday at the opening…
International Airlines Plan Airfare Hike Of At Least $2.3bn (N950bn)
Airfare hikes by international airlines operating flights into Nigeria and other countries may be imminent as airport and air navigation services providers in the United Kingdom, South Africa, European Union,…
Applovin Buys Twitter Mobile Advertising Network “MoPub”
Twitter on Wednesday announced the sale of its MoPub mobile advertising network to AppLovin, a game developer and ad-tech company, for $1.05 billion in cash. Twitter said it’s selling MoPub…
Bitcoin Hit Its Highest Level “$55,000” Since May 2021
Bitcoin just made a major comeback. The cryptocurrency rallied on Wednesday, topping $55,000 and hitting its highest level since mid-May. Regulatory fears have eased this week after both Treasury Secretary…
Nigeria E-Payment Rose By 6.37% In September
The value of e-payment transactions in Nigeria rose by 6.37 per cent to N24.08tn in September. This was according to the data released by the Nigeria Inter-Bank Settlement System. In…
World Bank Growth Projection Of Nigeria Economy Change From 1.8% To 2.4%
The World Bank has said Nigeria’s economy is projected to grow by2.4 per cent in 2021. This is an increase in the bank’s earlier growth projection of 1.8 per cent…
Rise In Global Oil Prices And Naira Depreciation Leads To Rise In Price Of Diesel
Fuel marketers have increased the price of Automotive Gas Oil, also known as diesel, to N320 per litre as the further rise in global oil prices and naira depreciation pushed…
Nigeria Banks Begin Application Of E-Naira Features
Banks have started to onboard the e-Naira feature on their applications. In its latest update, the Guaranty Trust World app has integrated a e-Naira feature. However, when opened, the bank…
Amazon Receive Tax Break Of $650 Million From Local Governments Across U.S.
Amazon has been awarded a record amount of tax exemptions, grants and other incentives this year from local government across the US. State officials have given Amazon an estimated $650…
Consumption Of Premium Motor Spirit (PMS) Dipped By 132,301,071 Litres In August 2021
The Petroleum Products Pricing Regulatory Agency (PPPRA) report on Petroleum Products Supply in August yesterday indicated that the consumption of the Premium Motor Spirit (PMS) dipped by 132,301,071 litres in…
PMB: Nigeria’s President Writes Lawmakers Requesting 17.67% Increase Of Federal Government’s 2022 Projected Expenditure
Nigerian President Muhammadu Buhari has written to lawmakers seeking a 17.67 percent increase of the Federal Government’s projected expenditure in 2022 to N16.45 trillion from N13.98 trillion. The projected increase…
United Kingdom And Lagos State Government Formalise Partnership Programme
The Foreign, Commonwealth, and Development Office has partnered with the Lagos State Employment Trust Fund to launch a program targeted at enabling a new and inclusive pathway to career-oriented learning…
Nigeria Broadband Penetration Experienced Significant Increase In August
Broadband penetration in Nigeria increased by 1.21 percent from July to August. Data from the Nigerian Communications Commission (NCC) showed. Despite this increase, there’s been a consistent decline from January…
Amazon Extends Its General Store To Outside Of The U.S.
Amazon has opened its first general store in the UK, selling items including books, technology and toys, as the online retail behemoth continues its expansion in physical retail. The US…
Anyone Below 18 Years Cannot Register And Own A Sim Card In Nigeria : NCC
The Nigerian Communications Commission has disqualified anyone below the age of 18 from registering and owning a Subscriber Identity Module in Nigeria. This is according to the draft copy of…
Uber New Plan Allows Booking Of Ride In Advance
Uber is trying to make it less of a hassle to get a ride home from the airport after your plane lands. The company announced Wednesday that customers can now…
Nigeria Exchange Limited Stock Market Gain N247 Billion
The stock market of the Nigerian Exchange Limited (NGX) yesterday ended trading activities for the second day of the week on a positive note achieving a gain of N247billion in…
Telehealth: Study Shows Increasing Adoption By Patient in 2021
By all accounts, telehealth has transformed healthcare delivery over the past 18 months as droves of patients have adopted the technology as a safe, immediate and convenient way to access…
Google Says It Will Invest And Back Africa Startups To Support Its Digital Transformation
Google plans to invest $1 billion in Africa over the next five years to ensure access to fast and cheaper internet and will back startups to support the continent’s digital…
Interstellar Partner With Interswitch Group To Develop Blockchain-Powered Infrastructure
Interstellar Inc. has partnered with Interswitch Group to develop blockchain-powered infrastructure services and solutions. Both firms have been working over the last two years on blockchain technology research. As part…
Airtel Africa New Managing Director and Chief Executive Officer Begin Role Officially
Airtel Africa Plc has announced the resumption of duties of its new Managing Director and Chief Executive Officer, Olusegun Ogunsanya, as of October 1. With the assumption of office, he…
PenCom And EFCC To Work Together In Eradicating Fraud
The National Pension Commission has said it is working with the Economic and Financial Crimes Commission to eradicate fraud in the pension sector. The Director-General, PenCom, Aisha Dahir-Umar, spoke while…
Nokia Unveil First Tablet “T20” With 15 Hour Long battery life
The company that makes Nokia-branded phones on Wednesday unveiled its first tablet, the Nokia T20, in a challenge to Apple’s iPad. HMD Global said the tablet, which runs on Google’s…
Nigeria Government Approves Payment Of Stipend To Student In The Department Of Education
The Federal Government has approved the sum of N75,000 as a stipend per semester for students undergoing degree programmes in Education in public universities in Nigeria. Also, the Nigeria Certificate…
U.S. Hedge Fund Coatue Management Is Planning To Set Up Office In Europe
U.S. hedge fund Coatue Management is planning to set up a new office in Europe as part of an effort to capitalize on the continent’s growing tech industry. “We currently…