Apple, Microsoft, Google’s Profits Soar As Pandemic Boom Continues
Tech giants have reported soaring profits as consumers upgraded their devices and sought cloud storage during lockdowns. Apple’s profits nearly doubled to $21.7bn (£15.6bn) in the three months to 30 June as customers bought pricier 5G iPhones. Microsoft saw a $16.5bn profit at the same time – up 47% year-on-year, due to demand for cloud […]
Nigeria Lost N53.26bn To Gas Flared In Two Months – NNPC
Nigeria lost an estimated N53.26bn in the initial two months of this current year as global oil organizations and neighborhood players erupted an aggregate of 33.04 billion standard cubic feet of flammable gas. The oil companies wasted 17.53 billion scf of gas in February, compared to 15.51 billion scf, according to data obtained from the […]
Lagos Invests N103bn To Encourage MSMEs, Extends Loan
The Lagos State government has invested N103 billion in infrastructure to provide downstream contracts for micro, small and medium enterprises (MSMEs). It added that it has extended the tax filing deadline for MSMEs by 60 days and the loan moratorium by 90 days to ease MSMEs’ working capital challenges. The governor, Babajide Sanwo-Olu, disclosed at […]
Paradigm Shift: Women Take Great Leap In Nigeria’s Banking Sector
The banking industry has made a dramatic leap in its Nigerian Sustainable Banking Principles (NSBP) with the recent appointments of two females as Chief Executive Officers (CEOs). The coming on board of the CEOs, Mrs. Miriam Olusanya for Guaranty Trust Bank (GTBank) and Mrs. Yemisi Edun for First City Monument Bank (FCMB) Limited, marks an […]
ECOWAS Administrators Seek To Curb Tax Evasion, Illicit Financial Flows
Tax administrators of the Economic Community of West African States (ECOWAS) member states Thursday intensified efforts to make it difficult for individuals and business entities, especially multinational institutions, to evade tax compliance as well as limit illicit financial flows and corruption at regional level. At the first major stakeholders’ meeting of the Support Programme for […]
Travel Agents Grieve Naira Downsizing Amidst COVID-19
Some travel agents have bewailed the new development in the naira-dollar transformation standard, saying the development business is yet to recover from the impact of the COVID-19 pandemic. The Central Bank of Nigeria had in May downsized the naira as it accepted the NAFEX transformation size of N410.25 per dollar as its power trading scale, […]
RIFAN Partners CBN To Lessen The Cost Of Rice
The Rice Farmers Association of Nigeria (RIFAN) in Bida on Wednesday consented to band together with the Central Bank Nigeria to lessen the market cost of rice. Organizer, RIFAN and CBN unique undertaking in Niger State, Malam Idris Usman, spread the word about this in Bida at the introduction of the 2021 wet season circulation […]
ECOWAS Parliament Cautions Against Cryptocurrencies
The meeting of the Joint Committee of the ECOWAS Parliament holding in Ouagadougou, Burkina Faso has cautioned against the use of cryptocurrencies as a mean of exchange and commerce. The joint committee meeting on Wednesday, which also had in attendance cryptocurrency experts and resource persons, while highlighting the prospects of cryptocurrencies as facilitator for investment […]
FG-Leather Products To Generate $1bn By 2025
The federal government has launched the national leather and leather products policy implementation plan, stressing that it has the potential to generate over one billion dollars by 2025, improve the leather value chain and create employment for the teeming population of the country. The vice president, Prof. Yemi Osinbajo, who launched the plan in Abuja, […]
About 200 US Businesses Hit By Colossal Cyber Attack
About 200 US businesses have been hit by a “colossal” ransomware attack, according to a cyber-security firm. Huntress Labs said the hack targeted Florida-based IT company Kaseya before spreading through corporate networks that use its software. Kaseya said in a statement on its own website that it was investigating a “potential attack”. Huntress Labs said […]
