Nokia to cut 14,000 jobs after profits drop
One of the world’s largest telecommunications equipment makers, Nokia has been facing headwinds from a slowing global economy and from infrastructure spending reductions made by…
Business
Airlines increase flight seats in order to beat high operating costs
As part of strategies to beat high operating costs in the aviation industry, domestic airlines have increased the number of flight seats, allowing more travelers…
Nigeria’s hydropower untapped despite 14,120MW exploitable capacity
Nigeria’s over 14,000-hydropower capacity may remain idle amidst the nation’s power crisis as the Federal Government maintains its hold on the sector. Indeed, as the…
IMF downgrades Nigeria’s economic growth by 0.3% for 2023, lauds Tinubu reforms
To hit 3.1% in 2024 The International Monetary Fund (IMF) has downgraded Nigeria’s economic growth by 0.3 per cent. According to the report, ‘2023 World…
Forex crisis: Naira plunges to 1,025/$, job losses, factory shutdown loom
The naira fell further on Tuesday as it exchanged for the dollar at the parallel market between 1,005/$ and 1,025/$. Owners of small-scale enterprises, Nigeria…
Naira tumbles to 980/dollar
The naira continued its downward trend after exchanging to the dollar at 980/$ at the parallel market on Wednesday. A week earlier, the naira exchanged…
Gas Price; 12.5kg may hit N18,000 before December
Some gas Retailers have warned that the price of 12.5kg cooking gas may hit N18,000 by December if the Federal Government does not restrict the…
Nigerian Home pay TV Operators “TSTV Africa” Employs Over 100 Staff Despite Global COVID-19 Setback
TStv Africa, a Nigerian Direct to Home Pay TV operator, has offered employment to close to 100 job seekers this year alone in anticipation of…
Nigeria’s NBS Says GDP Dips By 6.10 Per Cent in Second Quarter
Nigeria’s Gross Domestic Product (GDP) decreased by six percent in real terms in the second quarter of 2020, according to the Nigeria Bureau of Statistics.…
China Declares That Chicken Imported from Brazil Tests Positive for Corona virus
A sample of frozen chicken wings imported into the southern Chinese city of Shenzhen from Brazil has tested positive for coronavirus, the city government said…
World Bank Group, Elect US Treasury Official David Malpass as it’s 13th President.
Earlier in his career, Malpass served as the US Deputy Assistant Secretary of the Treasury for Developing Nations and Deputy Assistant Secretary of State for…
Whatsapp launches unique fake news check feature ahead of India polls to fight fake news during the polls.
What happened? WhatsApp launched a fact-checking service, where users can send in messages, photos and videos that they want verified. They will then be told…