Business
Dell technologies slash workforce by 10%
Dell Technologies announced a 10% reduction in its workforce for fiscal 2025, according to its latest annual report released on Tuesday.The company reported approximately 108,000 employees as of January...
Business
Food delivery riders earning as much as N25,000 daily while fueling Lagos’ dining culture
In Lagos, a city that thrives on constant motion, food delivery riders have become a distinct part of its busy streets.Whether maneuvering through traffic...
Business
ValueJet partner Plateau govt to launch direct Lagos-Jos flights
ValueJet has partnered with the Plateau State Government to launch direct flights between Lagos and Jos starting April 2, 2025.This was disclosed in a...
Business
Elon Musk reassures investors to ‘’hang on’’ as Tesla shares dive over 35% in first quarter
Elon Musk has reached out to reassure Tesla Inc. (TSLA) employees after a challenging six weeks marked by a significant drop in the company’s...
Business
Major social media outage disrupts Facebook, Instagram
A widespread social media outage affected both Facebook and Instagram on Tuesday morning, leaving thousands of users unable to access key features of the...
Business
Fubara’s Suspension: Intelligence confirms militants planned collapsing pipelines across Nigeria – Presidency replies critics
Bayo Onanuga, the Special Adviser to President Tinubu on Information and Strategy, has maintained that prior to the state of emergency rule in Rivers...
Business
Dangote refinery exports 130m litres of jet fuel to Saudi Arabia
Dangote Petroleum Refinery is expanding its global presence, with plans to export three cargoes of jet fuel, totaling about 130 million liters, to Saudi...
Business
Zimbabwean billionaire, Masiyiwa says idea to build Africa’s 1st AI factory inspired by Dangote, Obasanjo
Zimbabwean billionaire and founder of Cassava Technologies, Strive Masiyiwa, who just announced a partnership with Nvidia to launch Project Mufungi, Africa’s first AI factory,...
Business
DisCos’ revenue hits N509.84bn in Q4 2024 amid efficiency boost
The Nigerian Electricity Regulatory Commission reported that Electricity Distribution Companies collected N509.84 billion out of the N658.40 billion billed in Q4 2024.This represents a...
Business
Is Abbey Mortgage Bank shifting from mortgage lending to financial investments?
Abbey Mortgage Bank Plc has emerged as the best-performing mortgage stock on the Nigerian Exchange (NGX), delivering a 20% YtD gain as of March...
Business
Shell to increases payouts, trim costs to focus on LNG growth
British oil major, Shell on Tuesday announced plans to increase shareholder returns and cut spending while expanding its liquefied natural gas business.Ahead of its...