Business
Singles’ Day sales net $30 billion for Alibaba
Chinese e-commerce giant Alibaba Group Holding Ltd cashed a record 213.5 billion yuan ($30.7 billion) in sales on Sunday during its 24-hour online retail frenzy Singles’ Day, but the event’s annual growth dropped to its slowest rate. Shoppers in China and across the world snapped up hot items including iPhones,…
Read More »Reform or die Nigerian banks told
Vice President Yemi Osinbajo on Thursday, advised Nigeria’s financial services institutions to urgently embrace operational reforms to meet with the inevitability of the Fintech revolution or risk being left behind by competition. Osinbajo who gave the advice at the ongoing first ever Africa Investment Forum in Johannesburg, according to The…
Read More »US tops Russia, Saudi Arabia to become world’s biggest crude oil producer
The United States of America has pushed Russia and Saudi Arabia to become the world’s biggest crude oil producer. In the week ending November, the U.S. crude production hit a whopping 11.6 million bpd, according to Energy Information Administration (EIA) data released on Wednesday. That’s a threefold increase from the…
Read More »Akwa Ibom canvasses for partnership to boost economy
The Akwa Ibom State Government is seeking partnership with investors to further boost the economy of the state. The state governor, Emmanuel Udom, according to Thisday, called on investors to take advantage of the available manpower, natural resources, as well as peace and security in the state to invest and…
Read More »EFCC wanted list: Benedicts Peter’s name removed
Following an order by a Federal High Court sitting in Abuja, the Economic and Financial Crimes Commission, EFCC, has removed the Executive Vice Chairman of Aiteo Group, Benedict Peter’s name, from its list of wanted persons. The action according to Vanguard, was in compliance with the judgment handed down in…
Read More »Experts agree that private sector crucial to successful AfCFTA implementation
Delegates at the 2018 Africa Trade Forum concluded in Lagos, Nigeria, agree that while governments need to set a conducive environment through collective and coordinated actions for the successful implementation of the African Continental Free Trade Area (AfCFTA), the private sector should be the main driver of the AfCFTA. They…
Read More »Kia ProCeed launched in Paris
The new Kia ProCeed was last week launched at the 2018 Paris Motor Show. The shooting brake made its debut alongside the new high-performance Ceed GT and ProCeed GT, as well as the Ceed GT Line. The Kia e-Niro electric crossover also premiered at the European show. According to Kia…
Read More »Huawei partners Nigerian universities for ICT contest
More than 10,000 students from about 15 Nigerian universities will participate in an ICT competition to be sponsored by Huawei. The tech firm says the idea is to develop local talents. The competition, which is in partnership with some Nigerian universities, will help propel students’ interest in ICT and develop…
Read More »NNPC, BP partner to make PMS available all through the yuletide
The Nigerian National Petroleum Corporation (NNPC) said it has signed a six-month Direct Sale-Direct Purchase (DSDP) agreement with the British Petroleum’s (BP) trading arm, BP Oil International Ltd, for the supply of Premium Motor Spirit, also known as petrol. The corporation said the move was part of measures to sustain…
Read More »Google workers worldwide take to the streets out over women’s rights
Google workers worldwide took to the streets Thursday to protest female employees rights. Thousands of the employees around the world briefly walked off their jobs to protest the company’s response to sexual harassment and demand that the world’s largest search engine address rising concerns about workplace inequality. The protests took…
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