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BUSINESS

Remote work can reduce unemployment, say experts

Technology experts have stated that remote work has the potential to reduce unemployment in the country. According to the Chief Executive Officer of Alluvium, Taiwo Ojo, remote work will not only create employment opportunities but will also unlock the potential of the African continent. He added that Nigeria could break into a large technological market by adapting and adopting cloud-centric architecture. The Alluvium boss spoke at the 2023 Cloud Connect, […]

todayDecember 11, 2023 40

BUSINESS

Nigeria not generating enough revenue to support devt – IMF

Nigeria is not earning enough revenue to support its developmental needs, the International Monetary Fund has disclosed. According to the IMF, the country’s nine per cent revenue to Gross Domestic Product ratio is very low and not enough to support the country’s social safety nets, development spending, and protect its vulnerable households. The Director of the IMF’s Communications Department, Julie Kozak, revealed this during a press briefing on Thirsday. Responding […]

todayDecember 11, 2023 33

BUSINESS

Dangote refinery: Diesel, JetA1 hit market January, petrol delayed

The Dangote Petroleum Refinery is set to start producing Automotive Gas Oil, also known as diesel, and JetA1 or aviation fuel in January 2024, while the production of Premium Motor Spirit, popularly called petrol, is being delayed by the supply of crude oil in installments. It was gathered on Sunday that the facility would require a minimum of six million barrels of crude oil to kick-start the full production of […]

todayDecember 11, 2023 29

BUSINESS

Court jails cashier five years for defrauding employer N64.4m

The Lagos State High Court sitting in Ikeja has sentenced cashier, Tunde Abdulramon, to five years’ imprisonment for his employer’s N64,420,900 to marry a new wife and also for opening the same kind of his employer’s business for his new wife. Justice Raliat Adebiyi who handed down the sentence also ordered the convict to make restitution by returning all the properties he bought while in his employer’s establishment and also […]

todayNovember 15, 2023 26

BUSINESS

Dangote refinery secures licence to refine 300,000bpd crude

Africa’s richest man, Aliko Dangote, has said his refinery has secured a licence to refine more than 300,000 barrels of Nigerian crude per day and will begin to process gasoline soon. “We don’t want to start our refinery with foreign goods, we want to start with the Nigerian crude,” Dangote said in an interview in Riyadh on the sidelines of the Saudi-Nigeria business roundtable, according to Bloomberg. “We’re more than […]

todayNovember 13, 2023 65

BUSINESS

PDP, LP kick as Uzodimma, Ododo win, protests in Bayelsa

The Peoples Democratic Party and the Labour Party on Sunday cried foul as Governor Hope Uzodimma, the candidate of the All Progressives Congress, was declared the winner of Saturday’s governorship poll in Imo State by the Independent National Electoral Commission. The electoral body affirmed Uzodimma’s re-election, having won in all the 27 local government areas of the state. The governor clinched a second term in office after scoring a total […]

todayNovember 13, 2023 58

BUSINESS

Spend $150m Abacha loot on N’Delta, activist tells Tinubu

A Niger Delta rights activist, Ozobo Austin, has called on President Bola Tinubu to appropriate the $150m Gen. Sani Abacha loot to boost critical infrastructures in the Niger Delta region, saying “the money is part of the Niger Delta oil funds being stolen by Abacha.” Ozobo, in a statement on Wednesday, maintained that “no region but the Niger Delta should benefit from the money, and it would amount to injustice […]

todayNovember 9, 2023 69

BUSINESS

Former Grammys head accused of rape

he former head of the organisation behind the Grammy Awards on Wednesday was sued by a musician who accused him of drugging and raping her in 2018. The New York Times, which first reported the story, says the state suit filed in Manhattan accuses Neil Portnow — who stepped down as head of the Recording Academy in 2019 over his disparaging comments toward women — of sexual battery. It also […]

todayNovember 9, 2023 45

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