The bears resurfaced on the Nigerian Exchange Ltd on Thursday with a loss of N391 billion following sell pressure in Dangote Cement and 14 other stocks. Specifically, the stock market reversed positive gains with the market capitalisation dropping N391 billion to close at N21.751 trillion from N22.142 trillion on Wednesday. In the same vein, the…
President Muhammadu Buhari’s regime, through the Nigerian Civil Aviation Authority (NCAA), has again restricted the flight operations of Emirates airlines days after granting it approval. This was contained in a letter marked NCAA/DG/AIR/11/16/329, dated December 9, 2021, and signed by Musa S. Nuhu, the agency’s director-general. “I wish to inform you of the withdrawal of…
The Federal Government has said the Siemens AG power project which plans to grow Nigeria’s power delivery to 25,000 megawatts will be revived in the first quarter of 2021. The Minister of Power, Abubakar Aliyu, said on Thursday that the German firm, Siemens AG, would begin operations in Nigeria soon and that activities to get…
The CEO of an online mortgage lender fired 900 of his employees in a brutal Zoom call – then slammed them over being so lazy they effectively ‘stole’ from customers. Vishal Garg axed around nine per cent of New York mortgage firm Better.com’s workforce last Wednesday, including its entire diversity, equity and inclusion team, which…
MTN Group says it will enforce a mandatory COVID-19 vaccination policy for all its employees from January 2022. In a statement on Monday, MTN said the move is part of its efforts to protect the health and safety of staff. It added that the policy would be subject to risk assessment and local laws that…
Trust Africa News, By Ayomide otitoju Red Star Express Plc announced on Monday that consumers who send parcels from their retail outlets will get instant gifts through its “Ship & Win Promo” to appreciate them. Terms and Conditions apply.The promotion, which runs from November 29, 2021, to December 31, 2021, aims to reward retail…
Trust Africa News, By Ayomide Otitoju Leading innovative and sustainable building solutions company, Lafarge Africa Plc held a two-day capacity-building event – The Transporters’ Summit – for the independent transport partners who distribute its products across the country. The management and staff of the company and experts in various areas such as logistics, business management, sustainability and…
Twitter Inc. on Monday became the latest Silicon Valley titan to appoint an Indian-born chief executive officer, joining the likes of Microsoft and Google in recognizing the Asian country as one of the world’s richest pools of tech talent. The appointment of former Chief Technology Officer Parag Agrawal to the top spot at Twitter amplifies…
Trust Africa News, By Ayomide Otitioju VROOM Africa, the African edition of the VROOM Summit in Monaco was recently launched in Lagos.VROOM is one of the world’s biggest gatherings of investors and businesses seeking funds. The annual Monaco VROOM Summit was founded by Peter Madsen, one of Europe’s most prominent technology investors. Masden runs investor…
