Senate tells CBN to release $717.4m airlines funds trapped

NewsNigeriaPoliticsSenate tells CBN to release $717.4m airlines funds trapped

By Uzoamaka Ikezue (Staff Reporter)May 19, 2023

The red chamber of National Assembly (NASS) has told the Central Bank of Nigeria (CBN) to release the sum of $717, 478, 606 airlines funds trapped in the country. The upper chamber of NASS also charged the CBN to allocate $25 million to airlines operating in Nigeria at its forthrightly dollar auction. According to report, the resolutions of the Senate followed the consideration and adoption of a motion titled: “Current Issues on airlines blocked funds...

CONTINUE READING
Twitter gets a new CEO as Musk steps down in six weeks

BusinessTwitter gets a new CEO as Musk steps down in six weeks

By Ezinwanne Onwuka (Senior Reporter)May 14, 2023

A few hours after announcing that he has hired an unidentified new Chief Executive Officer, CEO, for Twitter, Elon Musk has revealed the identity of the incoming Twitter boss. Musk announced Linda Yaccarino, NBCUniversal’s head of advertising, as his successor on Friday, confirming reports by various United States media that Yaccarino will take up the position as reported by The West African Pilot News. His tweet reads, “I am excited to welcome Linda Yaccarino as...

CONTINUE READING
Elon Musk to step down as Twitter’s CEO, keeps successor’s identity secret

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...

CONTINUE READING
Sounds of ALAT Competition: Wema Bank Announces Top Three Contestants

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...

CONTINUE READING
Nigeria’s advertising regulator, ARCON slams N30bn lawsuit on Meta for breaching advertising laws

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....

CONTINUE READING
SEC charges investors to expose illegal fund managers

National DevelopmentNewsNigeriaSEC charges investors to expose illegal fund managers

By Uzoamaka Ikezue (Staff Reporter)April 27, 2023

The Securities and Exchange Commission (SEC) has charged members of the public to report any fund manager that is operating without the registration of the Commission, in a to ensure that only registered entities are allowed to operate in the capital market Chief Economist, SEC Dr. Okey Umeano made the remark in an interview with journalists, stressing that the battle against illegal fund managers must be tackled on all fronts. Umeano noted that the new...

CONTINUE READING
Arigo Technologies Takes the Tech Market by Surprise with New Products

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...

CONTINUE READING
7th Int’l construction building materials, techs exhibition expo, to commence June 6

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...

CONTINUE READING
Africa ranks low in global business environment rankings

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...

CONTINUE READING
PoS Operator In Police Net Over N280m Received In Error

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...

CONTINUE READING

Newer Posts

Older Posts

WP2Social Auto Publish Powered By : XYZScripts.com