Spirits set to overtake wine as global drinking habits change
A report by the World Spirits Alliance forecasts that more cases of spirits like vodka and whisky will be sold…
Day: July 10, 2024
US retailers try to move back-to-school shopping to July
American retailers are kickstarting their back-to-school promotions earlier this year to compete with Amazon’s Prime Day on July 16 and…
Honeywell to buy Air Products’ LNG unit for $1.81 bln as deal-making spree continues
Honeywell announced its fourth acquisition of the year, purchasing Air Products’ liquefied natural-gas (LNG) process technology and equipment business for…
Yandex split nears completion as Russian traders finalise share exchange
Russian traders have finalized a share exchange for investors in Yandex, often referred to as Russia’s Google, marking one of…
Exclusive: Bank of Israel waiting for digital euro ahead of digital shekel launch
The Bank of Israel (BOI) is committed to exploring a digital shekel to enhance the country’s payment system and encourage…
First Bank, others join Zone decentralised payment network
First Bank, United Bank for Africa (UBA), and Zenith Bank have joined Zone’s decentralized payment network. This development follows Zone’s…
Air Peace economy class to London booked till August – COO
Air Peace’s Chief Operating Officer, Toyin Olajide, announced that economy class tickets for flights from Lagos to London are fully…
No going back on N250,000 minimum wage, TUC insists
The Trade Union Congress (TUC) remains firm on its demand for a N250,000 minimum wage for workers in Nigeria, according…
NGX Suspends Trading of 8 Companies Over Late Financial Filings
The Nigerian Exchange Limited (NGX) has suspended trading in the shares of eight companies for failing to file their Audited…
N400bn oil production shortfall threatens 2024 budget
Nigeria’s oil production is significantly below its OPEC quota and budget benchmarks, causing severe pressure on the industry. With a…
Apapa Customs collects over N1trn in 6mths
Despite a drop in importation, the Apapa Area 1 Command of the Nigeria Customs Service (NCS) collected over N1 trillion…
NCAA to sanction airlines over false flight schedule
The Nigeria Civil Aviation Authority (NCAA) has issued a warning to commercial airlines against deceitful departure time scheduling, emphasizing that…
Fuel Scarcity: Filling Stations To Operate Longer Hours To Aid Supply – NNPC
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has announced that fuel stations will extend their operating hours to improve…
Firm Invests In Renewable Energy, Generates 3,200 Kwh
BAT Nigeria has invested millions of dollars in a solar power plant at its Ibadan manufacturing facility, generating an average…
Australia Increases Minimum Wage To $915 Per Week For Lowest Paid Workers
The Fair Work Commission (FWC) has announced a 3.75% increase in Australia’s minimum and award wages. This change raises the…