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Business news…
Tesla RoboTaxi to Be Launched in August, 2024
Elon Musk, the founder of Tesla has hinted that its planned robotaxi that is being built on the same small EV platform that was also supposed to power its lower-cost vehicle will be launched in August, 2024.
Musk dropped … Continue Reading
Oil and Gas Free Zones Authority CEO Disputes Reports of Oil Giants Leaving Nigeria
Mr. Bamanga Jada, the Chief Executive Officer of the Oil and Gas Free Zones Authority (OGFZA), has clarified that international oil companies (IOCs) are not exiting the country but rather divesting into deeper waters and selling off offshore operations. … Continue Reading
Dangote Oil Refinery Commences Product Lifting, Marks Milestone for Nigeria’s Energy Sector
Petroleum product marketers have initiated the lifting of products from the Dangote oil refinery. The refinery, hailed as Africa’s largest, is situated in Lagos and represents a monumental investment by Africa’s wealthiest individual, Aliko Dangote. After enduring several years … Continue Reading
Telecom union Indefinite Strike Starting April 4
The Private Telecommunications and Communications Senior Staff Association of Nigeria (PTECSSAN) has issued a stern warning of an indefinite strike set to commence on April 4. The announcement came through a statement signed by the union’s General Secretary, Mr. Okonu … Continue Reading
KuCoin Users Withdraw Over $1.2 Billion Amidst US Charges
KuCoin, a prominent cryptocurrency exchange, has experienced a significant withdrawal of over $1.2 billion from its platform within the last 24 hours, triggered by a withdrawal frenzy among users following fresh charges leveled against the platform by US … Continue Reading
How Binance Founder Changpeng Zhao Made $8.42 Billion in Just 72 Hours
Changpeng Zhao, the billionaire founder of Binance, has seen a remarkable increase in his net worth, reaching nearly $50 billion as of recent reports. The surge in wealth comes amidst fluctuations in the cryptocurrency market and regulatory challenges … Continue Reading
Nigeria’s Cashew Export Earnings Projected to Surge to $600 Million
Nigeria’s cashew industry anticipates a substantial boost in export earnings, aiming to reach $600 million this year, driven by efforts to ramp up domestic production to 400,000 metric tonnes.
Last year, Nigeria exported 315,677 metric tonnes of raw cashew nuts, … Continue Reading
Anambra State House of Assembly Advances Bill to Regulate Igbo Apprenticeship System
The Anambra State House of Assembly has advanced a bill to its second reading in a proactive move aimed at revitalizing and formalizing the traditional Igbo apprenticeship system. The proposed legislation, titled the “Anambra State Igbo Apprenticeship Bill 2024,” seeks … Continue Reading
Access Holdings to Acquire National Bank of Kenya in Strategic Move
Access Holdings has announced plans to acquire the National Bank of Kenya (NBK), marking its first major deal since the passing of Herbert Wigwe, the former Group Managing Director/CEO.
The decision to acquire NBK comes in the wake of … Continue Reading
Port harcourt refinery starts next two weeks – kyari
The Nigerian National Petroleum Company Ltd (NNPCL) has announced the receipt of 450,000 barrels of crude oil for processing at the Port Harcourt Refinery. The disclosure came during a session with the Senate Ad-hoc Committee on Investigation of Turn Around … Continue Reading