Economy

#SubsidyProtests: Protesters pull down National Assembly gate

Angry protesters have pulled down the gate of the National Assembly in Abuja. Earlier, the protesters led by the leaders of the Organised Labour, Joe Ajaero of the Nigeria Labour Congress and Festus Osifo of the Trade Union Congress asked security operatives stationed at the legislative building to open the gates to allow the angry workers to express their displeasure. Following the failure of…
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FintechTechnology

Google to accept naira payment on Play Store

Google has partnered with Verve to make digital transactions on Google Play Store easier for Nigerians. The firm noted that as from Wednesday, Nigerians could now use their Verve cards to make purchases on the Google Play Store. It stated that under its new partnership…
Aviation

NAF arrests underground cable saboteur at Lagos airport

Guards of the Nigeria Air Force who were on duty at the HQ NADC gate, caught a cable thief along the airport road by the NADC perimeter fence at about 1:35am on Friday. Three thieves were sighted digging the Federal Airports Authority of Nigeria’s underground armoured…
Aviation

United Airlines grows revenue to $14.2bn

United Airlines grew its operating revenue by 17.1 per cent to $14.2bn in the second quarter of 2023, compared to the same period in 2022. In a statement announcing the financial results, the company reported quarterly earnings per share of $3.24 and pre-tax margin of 9.8 per cent. Its net income appreciated to $1.1bn. The momentum from the second quarter was expected to power the company to full…
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Energy

Nigeria exports N23bn electricity and local consumers lament the power outages

Power consumers, on Wednesday, kicked against the export of about N23.13bn worth of electricity from Nigeria to some neighbouring countries in 2022 despite the widespread darkness witnessed in many Nigerian communities. The latest data on the remittances by international customers, obtained from the Nigerian Electricity Regulatory Commission in Abuja, showed that Nigeria continued its export of…
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FintechTechnology

How to obtain invite to Meta’s new app, Threads

Giant tech company, Meta, will officially launch its own microblogging app, Threads on Thursday. With the structure of its service, Threads will ultimately serve as a competitor to the popular social media platform, Twitter. The launch comes in the wake of a new feature…
Banking

Zenith Bank leads Nigerian lenders in new global ranking

Zenith Bank Plc has retained its ranking as the ‘Number One Bank in Nigeria by Tier-1 Capital’ in the 2023 top 1,000 world banks’ rankings published by The Banker Magazine. The bank had held its position as the number one Tier-1 bank in Nigeria for the fourteenth year…
Banking

Expert tasks CBN on exploitative bank charges

Mr Okechukwu Unegbu, a financial expert, has called on the Central Bank of Nigeria to check the multiplicity of service charges by Deposit Money Banks. Unegbu, a past president of the Chattered Institute of Bankers of Nigeria, made the appeal in an interview on Sunday in Abuja. According to him, banks no longer empathise with their customers, as was the case in the past. “What we have now is a…
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