US House passes bill to force ByteDance to divest TikTok or face ban
The U.S. House of Representatives has overwhelmingly passed a bill targeting TikTok’s Chinese owner, ByteDance, giving them six months to…
Month: March 2024
Apple supplier Foxconn sees strong 2024 as Q4 beats forecasts
Foxconn, the world’s largest contract electronics maker, anticipates a significant revenue increase in 2024, buoyed by surging demand for AI…
Tabcorp CEO resigns over use of “offensive” language at workplace
Tabcorp Holdings announced the resignation of its CEO, Adam Rytenskild, after the board became aware of his use of “offensive”…
Oracle adds generative AI features to finance, supply chain software
Oracle has implemented a targeted approach to leveraging AI in its business applications, identifying approximately 50 specific tasks where the…
FG begins training of inmates, each to get N500,000 after exercise
The federal government has initiated vocational training programs for inmates across 241 custodial facilities throughout Nigeria. Abiola Arogundade, the Senior…
Israel Uses Starvation As ‘War Arm’ – EU
Josep Borrell, the European Union’s foreign affairs chief, addressed the United Nations Security Council, condemning Israel’s use of starvation as…
Why Launch Of Student Loan Scheme Was Postponed – FG
The Federal Government has provided clarity regarding the postponement of the launch of the student loan scheme. Sonny Echono, the…
Food processors invest N23.8bn in Nigeria to cut import bill
Despite facing challenges of slow economic growth and high business costs, Nigeria has secured N23.8 billion in investments from food…
Economist Forecasts Lower Interest Rates in Nigeria by 2026
According to the Economist Intelligence Unit (EIU), Nigeria’s Monetary Policy Rate (MPR) is expected to drop to 12.5 percent by…
Fintechs raise interest rates as digital lenders plan hike
Following the Central Bank of Nigeria’s (CBN) decision to increase the monetary policy rate (MPR) to 22.75 percent in February…
Children rescued as Zimbabwe police unearth cult graves
Police in Zimbabwe have apprehended the suspected leader of a religious cult, Ishmael Chokurongerwa, along with seven senior members, in…
South African Airways’ privatisation deal collapses
South Africa has terminated a deal to sell a majority stake in its national airline, South African Airways (SAA), to…
Paris Club creditors cancel $2bn of Somali debt
Several countries, including members of the Paris Club such as the US, Japan, and Russia, have agreed to cancel more…
Alarm as conjunctivitis outbreak hits Ugandan schools
Authorities in Kampala, Uganda, have declared an outbreak of conjunctivitis, a highly contagious eye infection, spreading across the city and…
Nigeria lifts sanctions on Niger and reopens borders
Nigeria’s President Bola Tinubu has lifted all economic sanctions imposed on neighbouring Niger, ending an eight-month period of restrictions following…
Victoire Ingabire: Rwandan opposition leader barred from election
Victoire Ingabire, an outspoken critic of President Paul Kagame, faces political obstacles as she seeks to participate in Rwanda’s upcoming…
Reps summon Dangote, BUA, others over cement price hike
The Nigerian House of Representatives has decided to call upon major cement manufacturers like Dangote Cement and BUA Cement to…
Heirs Technology Appoints Obong Idiong as CEO
Heirs Technology, a subsidiary of Heirs Holdings, has named Obong Idiong as its new Chief Executive Officer. Idiong previously served…
Navy acquires patrol vessels to boost maritime security
The Nigerian Navy has announced the acquisition of two advanced offshore patrol vessels from Dearsan Shipyard in Turkey, aimed at…
Foreign direct investments withdrawal will continue in Nigeria – EIU
The Economist Intelligence Unit (EIU) has issued a report stating that indigenous oil companies acquiring assets from international oil companies…
CBN provides N100bn fertilisers to boost food production
The Central Bank of Nigeria (CBN) has handed over fertilizers worth N100 billion to the Federal Ministry of Agriculture and…
Toyota grants factory workers largest pay increase in 25 Years
Toyota Motor, along with other major Japanese companies like Panasonic, Nippon Steel, and Nissan, has agreed to grant its factory…
Insights into European and global markets: a perspective by Tom Westbrook
Japanese Pay Agreements: Major Japanese companies have acquiesced to union pay demands in full, signaling potential for stronger wage momentum.…
FG Postpones Launch of Students Loan Indefinitely
The Federal Government has announced the indefinite postponement of the launch of the Nigerian Students Loan Scheme. Akintunde Sawyer, the…
Bode Abifarin Steps Down as COO of Flutterwave
Bode Abifarin has announced her resignation from her role as Chief Operating Officer (COO) at Flutterwave, a leading fintech startup.…
Airbnb Bans Security Cameras in Guest Homes
Airbnb has announced a significant policy change, banning the use of indoor security cameras in guest homes globally. The decision…
Sokoto Allocates N6.7 Billion for Ramadan Feeding Programme
The Sokoto State government has announced plans to allocate N6.7 billion towards its Ramadan feeding programme, aimed at supporting the…
Saudi Aramco’s Dividend Payouts Exceed Nigeria’s Budget
Saudi Aramco, the majority state-owned oil firm of Saudi Arabia, announced a significant dividend payout of $97.8 billion in 2023,…
UK to offer incentives for failed asylum seekers to move to Rwanda
In a new initiative, failed asylum seekers in the UK will be offered up to £3,000 as part of a…
US oil prices rise on expectations of strong demand
0il prices climbed on Wednesday, buoyed by optimistic forecasts of robust global demand, particularly in the United States, and despite…