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Author: ayotilewa

Full text of President Bola Tinubu’s Democracy Day speech, June 12, 2024
Local

Full text of President Bola Tinubu’s Democracy Day speech, June 12, 2024

TEXT OF PRESIDENT BOLA TINUBU’S NATIONAL BROADCAST ON THE 25TH ANNIVERSARY OF UNBROKEN DEMOCRACY IN NIGERIA, DEMOCRACY DAY 12TH JUNE…

byayotilewaJune 12, 2024June 12, 2024
Tolaram Splashes Over N100bn For Diageo’s 58.02% Stake In Guinness
BusinessLocal

Tolaram Splashes Over N100bn For Diageo’s 58.02% Stake In Guinness

Tolaram, a Singapore-based holding company, is set to acquire Diageo’s 58.02 percent stake in Guinness Nigeria for approximately N103 billion…

byayotilewaJune 12, 2024June 12, 2024
Price war on London route takes off as foreign airlines slash fares
BusinessLocal

Price war on London route takes off as foreign airlines slash fares

Competition on the popular Lagos-London route has intensified, with foreign airlines significantly reducing fares. British Airways now offers economy class…

byayotilewaJune 12, 2024June 12, 2024
I Was Warned Against Building Refinery — Dangote
BusinessLocal

I Was Warned Against Building Refinery — Dangote

Aliko Dangote, the Nigerian billionaire behind the Dangote Group, recently spoke about the challenges of constructing Africa’s largest oil refinery…

byayotilewaJune 10, 2024June 10, 2024
Tinubu Approves New Leadership For National Council On Climate Change
BusinessCrypto

Tinubu Approves New Leadership For National Council On Climate Change

President Bola Tinubu has appointed Dr. Nkiruka Maduekwe as the interim Director-General/Chief Executive Officer of the National Council on Climate…

byayotilewaJune 10, 2024June 10, 2024
Dangote Inaugurates CKD Truck Assembly Plant In Lagos
Business

Dangote Inaugurates CKD Truck Assembly Plant In Lagos

Dangote Sinotruk West Africa inaugurated a completely knocked down (CKD) truck assembly plant in Ikeja, Lagos state. The event, held…

byayotilewaJune 10, 2024June 10, 2024
Sacked CBN Employees Seek Reinstatement
BusinessLocal

Sacked CBN Employees Seek Reinstatement

A group of recently dismissed employees from the Central Bank of Nigeria (CBN) is challenging the manner of their termination,…

byayotilewaJune 10, 2024June 10, 2024
Zenith Bank Appoints Adaora Umeoji as First Female GMD/CEO
Local

Zenith Bank Appoints Adaora Umeoji as First Female GMD/CEO

Zenith Bank Plc, a leader in Nigeria’s banking sector, has appointed Adaora Umeoji as its new Group Managing Director and…

byayotilewaJune 10, 2024June 10, 2024
Saudi Aramco Share Sale Attracts Strong Demand, Raises Over $11 Billion
BusinessinvestmentWorld

Saudi Aramco Share Sale Attracts Strong Demand, Raises Over $11 Billion

Saudi Arabia successfully sold shares in oil giant Aramco, raising over $11.2 billion. The sale, priced towards the lower end…

byayotilewaJune 7, 2024June 7, 2024
Samsung Electronics union in South Korea stages first walkout
BusinessWorld

Samsung Electronics union in South Korea stages first walkout

Samsung Electronics’ workers’ union staged the company’s first-ever strike on Friday, demanding higher wages. While the walkout is unlikely to…

byayotilewaJune 7, 2024June 7, 2024
Banks say growing reliance on Big Tech for AI carries new risks
BusinessWorld

Banks say growing reliance on Big Tech for AI carries new risks

The rise of artificial intelligence (AI) in banking is a double-edged sword, according to European banking executives. While AI offers…

byayotilewaJune 7, 2024June 7, 2024
Americans are getting pickier, but they are still spending on hot items
BusinessWorld

Americans are getting pickier, but they are still spending on hot items

Investors are analyzing US credit card spending data to understand which retailers are likely to perform well this summer. While…

byayotilewaJune 7, 2024June 7, 2024
China’s exports rise solidly, but slower imports temper outlook
BusinessTradeWorld

China’s exports rise solidly, but slower imports temper outlook

China’s exports grew for a second consecutive month in May, offering a glimmer of hope for the country’s economic recovery.…

byayotilewaJune 7, 2024June 7, 2024
Morning Bid: US check on sub-4% jobless, China imports slow
BusinessWorld

Morning Bid: US check on sub-4% jobless, China imports slow

Global markets are currently in a holding pattern, awaiting the release of the US employment report. This report, due out…

byayotilewaJune 7, 2024June 7, 2024
Stock market rally pauses as US jobs data looms
StockWorld

Stock market rally pauses as US jobs data looms

Global stock markets are currently in a wait-and-see mode, with investors closely monitoring the upcoming US jobs report. This report…

byayotilewaJune 7, 2024June 7, 2024
Major Japanese Banks to Divest $8.5 Billion in Toyota Stock
BusinessinvestmentWorld

Major Japanese Banks to Divest $8.5 Billion in Toyota Stock

Two of Japan’s largest banks, Mitsubishi UFJ Financial Group (MUFG) and Sumitomo Mitsui Financial Group (SMFG), are reportedly planning to…

byayotilewaJune 7, 2024June 7, 2024
INFLATION: Cost of sales in companies rise 29% to N5.4trn
Business

INFLATION: Cost of sales in companies rise 29% to N5.4trn

A recent analysis of financial statements from 20 leading Nigerian companies reveals a significant increase in their cost of sales.…

byayotilewaJune 7, 2024June 7, 2024
Insurance sector charged on digital adoption to accelerate penetration
BusinessLocal

Insurance sector charged on digital adoption to accelerate penetration

Enterprise Life Nigeria, a leading insurance provider, is calling for the industry to embrace digital adoption. Their CEO, Mrs. Funmi…

byayotilewaJune 7, 2024June 7, 2024
Food security: FG providing N200 billion to support the cultivation of hectares of land 
Local

Food security: FG providing N200 billion to support the cultivation of hectares of land 

The Secretary to the Government of the Federation (SGF), Sen. George Akume, announced that the federal government will allocat N200…

byayotilewaJune 7, 2024June 7, 2024
Police declare ‘fugitive’ First Bank employee, Tijani Muiz, ‘wanted’ over alleged N40 billion fraud 
BusinessLocal

Police declare ‘fugitive’ First Bank employee, Tijani Muiz, ‘wanted’ over alleged N40 billion fraud 

The Nigerian Police Force has declared Tijani, an employee of First Bank of Nigeria Limited, wanted for multiple offenses, including…

byayotilewaJune 7, 2024June 7, 2024
Australian authorities project loss of 250,000 jobs dependent on foreign students
Local

Australian authorities project loss of 250,000 jobs dependent on foreign students

Authorities in Australia have warned that new measures to limit international students could severely impact the $48 billion international education…

byayotilewaJune 7, 2024June 7, 2024
Freight services resume on Lagos-Kano narrow gauge railway
BusinessLocal

Freight services resume on Lagos-Kano narrow gauge railway

Freight services have resumed on the rehabilitated Lagos-Kano narrow gauge railway line, announced by the Minister of Transportation, Saidu Alkali,…

byayotilewaJune 7, 2024June 7, 2024
Opinion: Free Crypto Up for Grabs: Top 5 Airdrops to Look Out For in June
Crypto

Opinion: Free Crypto Up for Grabs: Top 5 Airdrops to Look Out For in June

This article explores five of the most promising airdrop campaigns happening in June. Airdrops are a way for crypto projects…

byayotilewaJune 7, 2024June 7, 2024
Chinese Construction Company Creates 10,000 Jobs in Abuja Rail Project
BusinessLocal

Chinese Construction Company Creates 10,000 Jobs in Abuja Rail Project

The China Civil Engineering Construction Company (CCECC) has revealed that it generated 10,000 jobs during the construction of the Abuja…

byayotilewaJune 7, 2024June 7, 2024
Nigerian Refineries Look to US Oil to Fill Domestic Supply Gap
BusinessLocal

Nigerian Refineries Look to US Oil to Fill Domestic Supply Gap

Nigerian modular refineries, facing an unreliable domestic crude oil supply, are exploring imports from the United States. This comes as…

byayotilewaJune 7, 2024June 7, 2024
Nigeria’s current trade balance rises to $1.43bn amid economic challenges
Business

Nigeria’s current trade balance rises to $1.43bn amid economic challenges

Data from the International Monetary Fund’s World Economic Outlook reveals an increase in the country’s current account balance, reaching $1.432…

byayotilewaJune 7, 2024June 7, 2024
Minimum wage negotiations inconclusive, says Ajaero as presidency debunks N105,000 proposal rumour
BusinessLocal

Minimum wage negotiations inconclusive, says Ajaero as presidency debunks N105,000 proposal rumour

With just days left before the expiration of the ultimatum given by organized labor, negotiations on the minimum wage remain…

byayotilewaJune 7, 2024June 7, 2024
Airtel Africa to pay N276 billion total dividend for 2023, chooses N1,485.99 as exchange rate for final dividen
BusinessLocal

Airtel Africa to pay N276 billion total dividend for 2023, chooses N1,485.99 as exchange rate for final dividen

Airtel Africa is set to pay a total dividend of N276 billion ($224 million) for the fiscal year ending March…

byayotilewaJune 6, 2024June 6, 2024
Mansard’s 704% profit surge masks core operational concerns
BusinessLocal

Mansard’s 704% profit surge masks core operational concerns

Despite a staggering 704% increase in pre-tax profits, a closer look reveals a need for improvement in core business operations…

byayotilewaJune 6, 2024June 6, 2024
Relief for households as cooking gas price falls to N900/kg
BusinessLocal

Relief for households as cooking gas price falls to N900/kg

Households in Nigeria are celebrating a significant decrease in the price of Liquefied Petroleum Gas (LPG), also known as cooking…

byayotilewaJune 6, 2024June 6, 2024

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