FG Approves Co-location Of 9,000 Filling Stations For Autogas
The Federal Government said that there are over 9,000 licensed filling stations across the country that are suitable for the co-location of facilities that dispense autogas fuel. At the conclusion of the stakeholders’ engagement session on the provision of technical manpower and facilities for the development and promotion of autogas as a transportation fuel in […]
Elon Musk Accused Of Owing $500m In Twitter Severance
A former human resources boss at Twitter has accused the company of failing to pay roughly $500m (£385m) in severance pay owed to former staff of the company. Courtney McMillian, who was the social media site’s former “head of total rewards”, made the claim in a class-action lawsuit. The complaint says Twitter owner Elon Musk […]
Oil Giant Shell Warns Cutting Production ‘dangerous’
Cutting oil and gas production would be “dangerous and irresponsible”, the boss of energy giant Shell has told the BBC. Wael Sawan insisted that the world still “desperately needs oil and gas” as moves to renewable energy were not happening fast enough to replace it. He warned increased demand from China and a cold winter […]
CBN Expresses Plan To Curb Charges Hike By PoS Operators
The increased charges implemented by Point of Sale (PoS) operators in Nigeria have prompted the Central Bank of Nigeria (CBN) to express its plan to intervene. To agree on changes in transaction rates for their services, PoS agents are engaging with stakeholders around the country. Oluwasegun Elegbede, the Association of Mobile Money and Bank Agents […]
Elon Musk: Tesla Delivers Record Number Of Cars After Price Cuts
Electric carmaker Tesla says it delivered a record number of vehicles in the three months to the end of June, after cutting prices to boost sales. It has lowered prices in markets including the US, UK and China to compete with rival manufacturers. This weekend, major Chinese car makers also reported a surge in sales […]
Nigeria Naira Moves From Overvalued To Undervalued After Float – Bank Of America
Following the government’s long-awaited foreign exchange reform, the Nigerian naira has moved from being overvalued to being undervalued, according to analysts at US-based Bank of America, as reported by Businessday in a note sent to clients on June 28. “We now see a USDNGN fair value of 680 per USD (previously 580),” the analysts were […]
Sri Lanka: Five-day Bank Holiday For Domestic Debt Restructuring
Sri Lanka began a five-day bank holiday from Thursday to allow the crisis-hit nation to restructure $42bn (£33.2bn) in domestic debt. The country is facing its worst economic crisis since it won independence from the British in 1948. There are fears that the government’s restructuring plan could lead to volatility in financial markets. Debt restructuring […]
Elon Musk And Mark Zuckerberg Agree To Hold Cage Fight
Two of the world’s most high-profile technology billionaires – Elon Musk and Mark Zuckerberg – have agreed to fight each other in a cage match. Mr Musk posted a message on his social media platform Twitter that he was “up for a cage fight” with Mr Zuckerberg. Mr Zuckerberg, the boss of Facebook and Instagram […]
Tinubu Pledged To Prioritize The Health And Safety Of Nigerians
President Bola Ahmed Tinubu yesterday met with the chairman of Dangote Group, Aliko Dangote, and Bill Gates, co-founder of Microsoft, at the Aso Rock, Abuja assuring the visitors that his administration would prioritize the health and safety of Nigerians, recognizing the crucial role that a healthy workforce plays in national development. Tinubu commended Gates for […]
Binance Nigeria Limited Operation Is Illegal Says Binance CEO
Changpeng Zhao, the Chief Executive Officer of Binance, recently announced that Nigeria subsidiary of the global cryptocurrency exchange platform operation is illegal and a scam. Zhao made this known via his Twitter handle on Sunday, saying, “Binance Nigeria Limited a scam entity.” “Binance has issued cease & desist notice to the scammer entity “Binance Nigeria […]
