Abia Govt Bans Okada In Umuahia
Governor Alex Otti of Abia State has directed an immediate ban on the operations of commercial motorcyclists, otherwise known as Okada, within Umuahia and Aba metropolis. This was disclosed by Kazie Uko, his Chief Press Secretary, on Sunday evening, stating that the ban takes effect from Monday, August 14, 2023, and that any motorcycle seen on […]
Judge Sends FTX Founder Sam Bankman-Fried To Jail, Says Crypto Mogul Tampered With Witnesses
FTX founder Sam Bankman-Fried left a federal courtroom in handcuffs Friday when a judge revoked his bail after concluding that the fallen cryptocurrency wiz had repeatedly tried to influence witnesses against him. Bankman-Fried drooped his head as Judge Lewis A. Kaplan explained at length why he believed the California man had repeatedly pushed the boundaries of […]
NCAA Discovers Illegal Fuel Marketers At Airports
The Nigerian Civil Aviation Authority in their investigation have discovered that some unlicensed JET A1 marketers have penetrated Nigerian airports and are supplying the product to unwary airlines. While looking into the cause of the jet fuel contamination, of which Max Air was a victim, it uncovered this shocking discovery. Capt. Musa Nuhu, the NCAA’s […]
GSK Pharmaceutical Firm Close Operations In Nigeria
GlaxoSmithKline Consumer Nigeria Plc, a pharmaceutical firm, announced that plans have been finalized to close its operations in Nigeria. The firm said that it informed GSK Consumer Nigeria of its strategic plan to stop selling its prescription drugs and vaccines through GSK local operating entities in Nigeria. In a regulatory filing on Thursday, the firm […]
Janet Yellen: Credit Downgrade ‘puzzling’ And ‘unwarranted’
Treasury Secretary Janet Yellen has defended the strength of the US economy, after the government was stripped of its top tier credit rating. Ms Yellen called the decision by Fitch, one of the three big ratings firms, “puzzling” and “entirely unwarranted”. Her remarks came as global stock markets dropped and many buyers of Treasuries, as […]
Fitch Downgrades US Credit Rating From AAA To AA+
The US government’s credit rating has been downgraded following concerns over the state of the country’s finances and its debt burden. Fitch, one of three major independent agencies that assess creditworthiness, cut the rating from the top level of AAA to a notch lower at AA+. Fitch said it had noted a “steady deterioration” in […]
TSMC: Chip Giant Delays Arizona Production In Blow To Biden
Chipmaking giant Taiwan Semiconductor (TSMC) has delayed the start of production at its factory in the US state of Arizona, in a setback to President Biden’s technology ambitions. The firm says chip manufacturing will no longer start next year, due to a shortage of skilled workers. The White House has laid out plans to bring […]
Netflix Password Crackdown Fuels Jump In Subscribers
A burst of people signed up for Netflix this spring, after the streaming giant cracked down on password sharing. The company ended June with more than 238 million subscribers, adding 5.9 million members since March. That was bigger than expected and follows efforts by the company to re-ignite growth following unusual subscriber losses last spring. […]
NNPCL Increases Petrol Price From N537 To N617 Per Liter
The Premium Motor Spirit (PMS) pump price has been increased by the Nigerian National Petroleum Company Limited (NNPCL) from 537 to 617 naira per liter. In the early hours of Tuesday, NNPC filling stations increased their prices. NNPC filling stations in Abuja had brief queues especially the one along Murtala Mohammed Express route. Kado remained […]
Twitter Loses Nearly Half Advertising Revenue Since Elon Musk Takeover
Twitter has lost almost half of its advertising revenue since it was bought by Elon Musk for $44bn (£33.6bn) last October, its owner has revealed. He said the company had not seen the increase in sales that had been expected in June, but added that July was a “bit more promising”. Mr Musk sacked about […]
