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BusinessNewsNigeriaElon Musk to step down as Twitter’s CEO, keeps successor’s identity secret

By Ezinwanne Onwuka (Senior Reporter)May 12, 2023

Micro-blogging platform Twitter will get a new Chief Executive Officer, CEO, in six weeks, Elon Musk says. In a tweet on Thursday, Musk announced that he has hired a new CEO to replace him as the ‘Chief Twit’, a pseudonym he took following his $44 billion acquisition of the social media platform on October 27, 2022, to reflect his new status. Musk says he will become Twitter’s executive chairman and chief technology officer when the...

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BusinessNewsNigeriaSounds of ALAT Competition: Wema Bank Announces Top Three Contestants

By Uzoamaka Ikezue (Staff Reporter)May 6, 2023

Wema Bank, Nigeria’s leading innovative bank, is excited to announce the top three contestants in its highly anticipated Sounds of ALAT competition. According to reports, the competition, which was launched a few months ago, aimed to discover and support budding upcoming musicians across Nigeria, and give them a platform to showcase their talent to the world. After a rigorous selection process, the top three contestants; Onyealisigwe Bright, Fashoro Taiye, and Kareem Tomiwa were unanimously announced...

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BusinessNewsNigeriaPoliticsNigeria’s advertising regulator, ARCON slams N30bn lawsuit on Meta for breaching advertising laws

By Ezinwanne Onwuka (Senior Reporter)May 4, 2023

The Abuja division of the Federal High Court has granted the Advertising Regulatory Council of Nigeria, ARCON, leave to serve a writ of summons on Meta, the parent company of Facebook. A writ of summons is an official order for someone to appear in a court of law when they have been accused of committing an offence against someone. Meta is the first defendant in the suit, and AT3 Resources Limited is the second defendant....

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BusinessLabourNewsNigeriaOAGF launches Forensic Audit In The IPPIS

Hassan Umar Shallpella (Regional Correspondent)May 3, 2023

A forensic audit has been launched into reports of alleged salary padding in the Integrated Personnel and Payroll and Information System (IPPIS). Bawa Mokwa, Director of Press and Public Relations in the Office of the Accountant-General of the Federation (OAGF) in a statement that the Office had received inquiries on IPPIS involving some Ministries, Departments, and Agencies over alleged “salary padding”. The statement says the office is aware of a reported breach of the IPPIS...

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BusinessNewsNigeriaArigo Technologies Takes the Tech Market by Surprise with New Products

Ebuka Onyekwelu (Staff Writer)April 23, 2023

Arigo Technologies, a leading African tech incubation and innovation company, based in Lekki, Lagos, has extended its stake in the tech market with new and problem solving products to meet various needs of people in diverse areas, through tech-based solutions. Founded about five years ago as an IT solution provider and tech research development hub, by a Nigerian medical doctor, entrepreneur, and philanthropist Dr Arinze Madueke; Arigo Technologies is determined to have its share of...

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BusinessNewsNigeria7th Int’l construction building materials, techs exhibition expo, to commence June 6

By Uzoamaka Ikezue (Staff Reporter)April 22, 2023

Organisers of the 7th International Construction Building Materials and Technologies Exhibition/Ceramics, Bathroom and Kitchen Wares Expo have announced that the programme is scheduled to take place from Tuesday 6th- Thursday 8th June, 2023 in Lagos State. Jude Chima, the Chief Executive Officer of Elan Expo Lagos made the remark during a briefing of the 7th International Build Expo/4th Ceramica West Africa Exhibition in Lagos, and stated that 140 brands, 480 business to business and 140...

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AfricaBusinessNewsAfrica ranks low in global business environment rankings

By Ezinwanne Onwuka (Senior Reporter)April 20, 2023

Singapore, Canada and Denmark will be the three countries with the best business environment over the next five years, according to the latest business environment rankings, BER, by the Economic Intelligence Unit, EIU. EIU’s BER measures the attractiveness of the business environment in 82 countries quarterly, using a standard analytical framework with 91 indicators. The latest ranking for the second quarter of 2023 shows that North America and Western Europe continue to be the best...

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BusinessNewsNigeriaPoS Operator In Police Net Over N280m Received In Error

Hassan Umar Shallpella (Regional Correspondent)April 20, 2023

Police in Ilorin, the Kwara State capital have confirmed the arrest of a Point of Sale operator Alfa Rafiu who erroneously received N280m transferred to his account by a commercial bank in Ilorin, the Kwara state capital has been arrested by the Police. It was gathered that the suspect who resides at the Akuji compound, the Abayawo area in the Ilorin West Local Government Area of the state was arrested on Monday when he went...

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BusinessNewsNigeriaPeak Milk changes controversial Easter ad after CAN’s rage, apologises for the ‘insensitivity’

By Ezinwanne Onwuka (Senior Reporter)April 12, 2023

The management of FrieslandCampina WAMCO Nigeria Plc, manufacturers of Peak Milk, has removed a controversial advert for the Easter season which depicts the crucifixion of Jesus Christ. The ad, a photograph of a dented tin of Peak Milk, punctured in two places, with a nail dripping milk, lying beside it, was publicised last Friday. It was captioned: Bruised and Pierced for us. #GoodFriday. Reacting to the ad, the Christian Association of Nigeria, CAN, described it...

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BusinessNewsNigeriaNigeria to harness gas resources for energy transition, security – SPE

By Uzoamaka Ikezue (Staff Reporter)April 10, 2023

The Society of Petroleum Engineers (SPE), Nigeria Council, has said that Nigeria needs to effectively harness the potential of gas resources to ensure not only energy transition but energy security. Mr Felix Obike, the chairman, SPE, Nigeria Council made that known while briefing journalists in Abuja. Obike enumerated the need to deepen programmes and projects on gas utilisation and policy implementation in realisation of the net zero carbon emission. He noted that the just concluded 2023...

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