A South Korean antitrust regulator has fined Alphabet Inc’s Google 207 billion won ($176.64m) for blocking customised versions of its Android operating system (OS), in the US technology giant’s second setback in less than a month. The Korea Fair Trade Commission (KFTC) on Tuesday said terms with device makers amounted to the abuse of Google’s…
The Nigerian Meteorological Agency (NiMet) is set to start academic activities in its Meteorological Institute of Science and Technology (MIST) in Katsina. The NiMet`s General Manager, Mr Muntari Ibrahim, in a statement on Monday in Abuja, said the approval was given by the government in a letter dated Sept. 9 and following a request by…
China issued a total of 2.7 billion organic product labels last year, the country’s top market watchdog said Monday. The country sold 999,000 tonnes of organic products in 2020, with sales standing at 80.43 billion yuan (about 12.47 billion U.S. dollars), according to the State Administration for Market Regulation. To date, China has granted 14,000…
Guinness Nigeria has empowered more than 150 women at the August meeting in Imo State through its new Guinness campaign ‘Black Shines Brightest’ in celebration of African creativity and enterprise. Its Marketing Manager, Uche Nwalie, said it initiated a female empowerment programme and delivered care packages in communities in Owerri and Aba to equip these…
Trust Africa News, Ayomide Otitoju Nigeria’s leading commodities exchange player, AFEX, held a side-event at the 2021 African Green Revolution Forum (AGRF) to advocate for digital financial inclusion for African smallholder farmers. The side-event, hosted by AFEX and Smallholder and Agri-SME Finance and Investment Network (SAFIN), themed “Digital Financial Services for Agriculture”, focused on adopting…
Trust Africa News,Emmanuel Udodinma The recently implemented policy of the Central Bank of Nigeria, which suspended the issuance of foreign exchange (forex) to the Bureau De-Change operators has been said to worsen the economic woes confronting the country. The President of the Association of Bureaux De Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe, who…
The Central Bank of Nigeria (CBN) has warned Deposit Money Banks (DMBs) to always observe due diligence and desist from all forms of malpractices in foreign exchange (FX) transactions. The apex bank gave the warning in a letter by Ozoemena Nnaji, Director of Trade and Exchange Department, addressed to the DMBs. Nnaji urged the banks…
Trust Africa News. By Olaitan Ganiu Stakeholders in government and private sectors have come to the conclusion that African youth still have the skills to lead the world despite the challenges facing them. The stakeholders comprising the Economic Commission of West African States (ECOWAS), Central Bank of Nigeria (CBN), Nigerian Content Development and Monitoring Board…
The head of Russian energy giant Lukoil, Vagit Alekperov, warns of a market crash in case oil prices rise above 100 dollar per barrel. Alekperov told the Russian Kommersant newspaper that “I would not want to see oil prices above 100 dollars per barrel again. “This can stimulate investments in low-profit, ineffective projects and then…
