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AfricaBusinessNewsSanusi II Calls for What is Right, Justice to Reject US External Inquiry Call on Adesina

Bada Yusuf Amoo (Reporter)May 29, 2020

The former Emir of Kano and former Governor of the Central Bank of Nigeria, Muhammadu Sanusi II, has called on Africans and friends of the continent to stand for what is right, justice to ensure that laid down rules are respected in the African Development Bank (AfDB) Group. The former Emir made the call following the US Government calls for an independent investigation after the Ethics Committee of the Banks has exonerated the President of...

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AfricaBusinessNewsThe US Calls on AfDB: “Its Governance Could be Hijacked Away from Africa” – Obasanjo

Bada Yusuf Amoo (Reporter)May 29, 2020

The former President of Nigeria, Chief Olusegun Obasanjo has joined other African leaders and figures calling for the defense of African Development Bank (AfDB) and its President, Dr. Akinwunmi Adesina against external forces. Obasanjo in an open letter called on past leaders and heads of states in the African continent to rise up and defend the bank from external forces. He alleged that the call by the United States for an external investigation into what...

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BusinessJobsNewsNigeriaFintiri Thumps Adamawa Teachers For Setting Up Petrol Station To Boost Revenue

Ibrahim Abdul' Aziz (Regional Correspondent)May 29, 2020

Governor Ahmadu Umaru Fintiri of Adamawa state has commended the Nigeria Union of Teachers (NUT) in the state for building a petrol station to boost its sources of revenue going by the dwindling economic resources in the country and across the globe. Fintiri who made the commendation during a ceremony to flag off Adamawa NUT Petro Gas Nigeria Limited, along Federal Housing in Girei local government area, described the initiative as the  ‘’right steps  in...

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BusinessOil & GasWorldOil Drops as Surprise U.S. Stock Build Douse Demand Recovery Hopes

PilotnewsMay 28, 2020

Oil prices slid for a second consecutive session on Thursday as the U.S. industry data showed a steep and surprising build-up in crude stockpiles, dampening hopes of a smooth demand recovery as the world begins to ease its way out of coronavirus lockdowns. The decline extended losses from Wednesday on uncertainty about Russia’s commitment to deep oil production cuts in the lead-up to a June 9 meeting of the Organisation of the Petroleum Exporting Countries...

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BusinessCrime & SecurityNewsNigeriaPolice Confirm Arrest of Alleged Adulterated fertiliser Syndicate In Minna

PilotnewsMay 27, 2020

The police on Wednesday confirmed the arrest of the leader of a syndicate who allegedly specialises in adulterating Nigerian-made fertilisers in Niger. The Command PPRO, ASP Wasiu Abiodun, told the News Agency of Nigeria (NAN) on Wednesday over the telephone that the arrest was made possible following intelligence report. He said the suspect, identified as Alhaji Maikudi Abdullahi, was arrested following intelligence reports of the “surreptitious activities” in his factory called “Farm Centre ”. According...

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BusinessCoronavirusTravelWorldChile’s LATAM Airline Files for Bankruptcy After COVID-19 Decimates Sales

PilotnewsMay 26, 2020

Latin America’s biggest airline, the Chile-based LATAM, on Tuesday filed for bankruptcy under the U.S. Chapter 11 bankruptcy code after the COVID-19 pandemic decimated passenger demand. “The Chapter 11 financial reorganization process is a proven legal framework under which LATAM and affiliates will have the opportunity to resize their operations to the new demand environment and reorganise their balance sheets,” the airline said in a statement. The group attributed its financial difficulties to the novel...

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BusinessEuropeNewsMacron Promises 8bn Euros to Aid Virus-Hit French Car Industry

PilotnewsMay 26, 2020

French President Emmanuel Macron on Tuesday promised more than 8 billion euros (8.8 billion dollars) to boost the country’s automobile industry, hard-hit by the coronavirus pandemic. In return, carmakers Renault and PSA – which makes Peugeot, Citroen, DS and Opel cars – had promised to maintain production on French soil and move higher-value activities back from overseas, Macron said. The announcements came days before Renault is due to announce a 2-billion-euro cost-cutting plan. The carmaker...

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AfricaBusinessTechnologyCarbon Launches New Social Banking Service in Nigeria

PilotnewsMay 24, 2020

Carbon Express enables users to initiate and complete transactions such as P2P transfers and bill payments from the keyboard without launching the Carbon App or leaving the current app that they are using. Instead, they will be able to access services from the touch of their keyboard enabling quicker Instagram or Whatsapp commerce. Carbon Express maintains the same PCI DSS compliant model of encryption, authentication, and security as Carbon’s other services, thereby guaranteeing the security...

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BusinessTechnologyWorld NewsSamsung Sends 300 More Workers to China for Chip Factory Expansion

PilotnewsMay 22, 2020

Samsung Electronics Co., the world’s largest memory chipmaker, said on Friday that it had sent 300 more South Korean engineers and workers to China to complete the expansion of its second chip manufacturing facility there amid the coronavirus pandemic. Samsung said engineers and workers, including some from its subcontractors, left for the Chinese city of Xian on a chartered flight earlier in the day. The move came a month after Samsung dispatched 200 engineers to...

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BusinessTechnologyWorld NewsHalf of Facebook Employees to Work Remotely in 10 years – Zuckerberg

PilotnewsMay 22, 2020

Facebook’s founder and chief executive, Mark Zuckerberg, says he expects the coronavirus pandemic will have a long-lasting impact on working practices. Zuckerberg expects that in ten years, about half of the social network company’s employees will be working remotely, he said in an interview with technology news site The Verge. He emphasised that the 50 per cent figure was his estimate and not an official announcement. According to a survey of Facebook employees, one in...

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