German high-end carmaker Mercedes is recalling more than 140,000 vehicles in the U.S. due to problems with the fuel pump. According to the U.S. National Highway Traffic Safety Administration (NHTSA), up to 143,551 cars made between 2021 and 2023 are affected, the regulator announced in Washington on Friday. The...
BUSINESS
FirstBank Nigeria Ltd. has launched a humanoid robot, an industry first, at its Adetokunbo Ademola VI, Lagos Digital Experience Centre (DXC) Branch, to engage customers. Mrs Folake Ani-Mumuney, Group Head, Marketing and Corporate Communications, FirstBank, said in a statement on Thursday in Lagos. The statement said that the robot...
By BARBARA KALU – The Niger Delta Development Commission (NDDC) has described as fake, a contract award letter being circulated online, purporting to originate from the desk of the Managing Director of the Commission. The fake letter purportedly notified an Italian company of an award of a...
The Nigeria Data Protection Commission (NDPC) says it is investigating three banks, a university and other suspects over alleged data breach. The commission listed Zenith, Fidelity, Guarantee Trust Banks, Babcock University and Leadway Insurance, among others for the interaction. Dr Vincent Olatunji, the National Commissioner of NDPC, disclosed this in...
The Nigeria Data Protection Commission (NDPC) says it engaging the Central Bank of Nigeria (CBN) on its new directives to commercial banks to collect their customers’ social media handles. The National Commissioner of NDPC, Dr Vincent Olatunji, said this in a statement issued by Mr Itunu Dosekun, Head of...
The World Bank said on Tuesday that it planned to commit additional 750 million dollars to deepen Nigerians access to electricity through the Nigeria Electrification Project (NEP).o of Ms Elizabeth Huybens, the World Bank’s Director of Strategy and Operations for Western Central African Region, said this while inspecting the 60...
Summary: Strategic marketing tactics play a vital role in helping Nigerian service providers thrive in a dynamic business landscape in whatever sector, whether medical, ecommerce, printing, or marketplace businesses. In the remaining half of the year, it is crucial to focus on refining target audiences, enhancing online presence, leveraging...
Unless the Federal Government, through the Ministry of Trade & Investment, quickly wades into the matter, the crisis currently brewing in the Corporate Affairs Commission (CAC) of Nigeria, between its Registrar General and Chief/Chief Executive Officer and the workers may tear to organization apart in no distant future. Already,...
The World Bank has approved a fresh $500 million loan for Nigeria to help improve the livelihood of women in Nigeria. Disclosing this in a statement, the World Bank said, “it has approved $500 million for Nigeria for Women Program Scale Up (NFWP-SU). The scale-up financing will further support...
By DAVID IORJA, Abuja -. In recognition of the role of MSMEs in growing the nation’s economy, the Vice President, Sen. Kashim Shettima, has announced the Federal Government’s plan to urgently ensure quick access to single digit loans for Nigerian small businesses within the shortest time possible. The...
By OLA MUDOPE, Lagos – MTN Nigeria Communications Plc has been commended for its contributions towards fostering gender equality in the workplace. This recognition was conferred at the Nigeria2Equal Gender Leader Awards in Victoria Island, Lagos on Thursday, June 15, 2023. Organised by the Nigerian Exchange (NGX) and the International...
By DAVID IORJA, Abuja – President Bola Tinubu has renamed some federal airports after several notable Nigerians. This is according to a memo by the Federal Ministry of Aviation dated June 1, 2023, and signed by Mrs Joke Olatunji for the Director of Airport Operations. The copy...
Former Governor of Bauchi State, Isa Yuguda, on Monday said that up until the time of its removal, the fuel subsidy has mostly been a scam run by the Nigerian National Petroleum Company (NNPC) in conjunction with marketers and other stakeholders in the oil sector.i Yuguda who also was...
By CALLISTUS OFFOR, Abuja – Executive Vice Chairman of the Nigerian Communications Commission, NCC, at the weekend in Lagos, lifted the Platinum Award of the Nigeria Academy of Engineering (NAEng.). The award is a reward for his leadership of the nation’s telecom regulator for its contributions to the...
Some branches of Access Bank, and six other companies have been sealed by the Kaduna State Internal Revenue Service (KADIRS), over tax liabilities amounting to N419.3 million. Head of Corporate Communications of the KADIRS, Mr Zakari Muhammad, explained at the weekend that the affected bank and companies, including the...
The National Bureau of Statistics (NBS), says the average price of 5kg of cooking gas reduced from N4,642.27 recorded in April 2023 to N4,360.69 in May 2023. Cylinder This is contained in the Bureau’s “Cooking Gas Price Watch’’ for May 2023 released in Abuja. The report said the May...
Mr Debo Olujimi, Chief Executive Officer, Emadeb Services Ltd., says the company will begin importation of Petroleum Motor Spirit (PMS), known as petrol, into the country from July. Olujimi confirmed the development in an interview with the News Agency of Nigeria (NAN) on Sunday in Lagos. He said that...
The Debt Management Office (DMO) said the total public debt stock of Nigeria as at March was N49.95 trillion (108.30 billion dollars). According to a statement obtained from the DMO official website on Sunday, the total debt stock comprises the external and domestic debts of the Federal Government, the 36 states...
The United Kingdom (UK) has pledged to support Nigeria through the provision of a 10-million-pound concessional aid on climate action, to boost off-grid clean energy infrastructure. Richard Montgomery, British High Commissioner to Nigeria and UK Permanent Representative to the Economic Community of West African States (ECOWAS), said this at...
The African Development Bank (AfDB) President, Dr Akinwumi Adesina, has pledged the Bank’s support toward revamping Nigeria’s economy.adesi Adesina, made the pledge during a meeting with Nigeria’s President, Bola Tinubu at the New Global Finance Pact Summit in Paris. The AfDB president, via his verified Twitter handle, @akin_adesina said:...