Ferrari (RACE.MI) has no plans to purchase other sports car makers, the company’s Chief Executive Benedetto Vigna said on Monday. “I don’t think it makes sense for us to buy other supercar makers,” Vigna said during a conference organized by Bloomberg, replying to a question about possible M&A operations by …
Read More »Biden signs debt limit bill, avoiding U.S. default
President Joe Biden on Saturday signed a bill that suspends the U.S. government’s $31.4 trillion debt ceiling, averting what would have been a first-ever default. The House of Representatives and the Senate passed the legislation this week after Biden and House of Representatives Speaker Kevin McCarthy reached an agreement following tense negotiations …
Read More »Subsidy Removal: Ignore NLC call on strike- Onanuga
The Director of Media and Publicity for the dissolved All Progressives Congress Presidential Campaign Council, Bayo Onanuga, has urged Nigerian workers to ignore the directives of the President of the Nigerian Labour Congress, Joe Ajaero, on the proposed strike scheduled to commence Wednesday over the removal of fuel subsidy. Onanuga …
Read More »In challenge to Meta, Apple expected to unveil mixed-reality headset
Apple Inc (AAPL.O) is widely expected to announce a new headset that will blend video of the outside world with the virtual one at its annual software developer conference next week. Apple CEO Tim Cook and Meta Platforms Inc’s (META.O) CEO, Mark Zuckerberg, are jockeying to define how consumers will put to …
Read More »NLC To Embark On Nationwide Strike From June 7
The Nigeria Labour Congess (NLC) has declared a nationwide strike from next Wednesday. This comes amid fuel shortages across the country occasioned by President Bola Tinubu’s inaugural speech in which he declared that “fuel subsidy is gone”. NLC President Joe Ajaero made the announcement after an emergency meeting of the …
Read More »Google leads funding round for Indian space startup Pixxel
Alphabet Inc’s (GOOGL.O) Google is leading a $36 million funding round for Bengaluru-based Pixxel, a satellite-image startup, in the first major investment in the Indian space sector since the government launched its privatisation policy in April. Pixxel, founded in 2019, is building a constellation of satellites that have the ability to identify …
Read More »CBN multiple exchange rates may increase debt burden – W’Bank
The President of the World Bank Group, David Malpass, has warned that Nigeria’s parallel exchange rate is harmful as it worsens future debt service payments and increases the risk of debt distress. Malpass said this in a blog post titled ‘Parallel Exchange Rates: The World Bank’s Approach to Helping People …
Read More »China pledges Increased Economic Cooperation with Nigeria
Chinese President XI Jinping has pledged increased economic cooperation with Nigeria, saying the country is important to Africa and the world. The Chinese president spoke through his Special Envoy, Peng Qinghua, Vice Chairperson, Standing Committee of National People’s Congress, People’s Republic of China who met with President Bola Tinubu at …
Read More »Fuel Subsidy Removal: Tinubu meet Emiefele and Kyari
President Bola Tinubu on Tuesday met behind closed doors with the Governor of the Central Bank of Nigeria ( CBN), Godwin Emefiele and the Managing Director of the Nigeria National Petroleum Company Limited ( NNPCL), in an apparent effort to address the fallout of fuel subsidy removal. The meeting was …
Read More »Olusegun Awolowo pays farewell visits to Osinbajo and Adebayo
The Secretary, National Action Committee on African Continental Free Trade Area (AfCFTA),Olusegun Awolowo on Friday paid farewell visits to His Excellency, Professor Yemi Osinbajo and Hon. Minister of Industry, Trade and Investment, Otunba Richard Adeniyi Adebayo. It will be recalled that Olusegun Awolowo served two terms as Executive Director/ Chief …
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