Business Archives - Page 45 of 46

Oct

06

2022

Federal Government issues fresh loan to 1.4million Nigerians

Business, Economy, Metro, PoliticsBusiness, Economy, Metro, Next Level, Nigeria, Politics

The Federal Government said it has targeted over 1.4m Nigerian for the second phase of the government Empowerment and Enterprises Program, GEEP, loan. Minister of Humanitarian Affairs and Disaster Management, Sadiya Umar Faruk, stated this on Thursday at the official flag-off of the program in Dutse, the state capital of the state. Represented by Permanent Secretary of the ministry, Nasiru Sani Gwarzo, said, the program is in line with the Federal Government’s effort to lift millions of Nigerians out of poverty. According to him “when President Muhammadu Buhari took over the mantle of leadership in 2015, over 70 percent of…

Oct

06

2022

By Chimamanda

Long queues resurface at Abuja fueling stations over suspected scarcity

Business, Economy, Lifestyle, MetroAbuja, Business, Economy, Metro, Nigeria

Long queues have resurfaced in Abuja filling states as motorists struggle to purchase Premium Motor Spirit, also known as petrol. Checks by our reporters showed that most fuel stations were locked while long queues were noticed in retail outlets in Wuse, Gwarimpa, Wuye, and Kubwa expressway on Tuesday. No official explanation has been given for the long queues, but motorists were seen making efforts to get the product and black market operators have also started to sell in jerricans A private car owner, Mr. Emmanuel Eze, said that there was fuel but does not know the reason for the queues.…

Oct

04

2022

By Chimamanda

FG sues Meta, owners of Facebook, Whatsapp, seeks N30bn

Business, EconomyBusiness, Economy, Facebook, Metro, Nigeria

The Advertising Regulatory Council of Nigeria has lodged a suit against Meta Platforms Incorporated, the parent company of Facebook, Instagram, and WhatsApp platforms and its agent – AT3 Resources Limited – at the Federal High Court, Abuja Judicial Division. This was disclosed in a statement by the highest regulatory body for Nigeria’s advertising, ARCON. ARCON is arguing that Meta Platforms Incorporated has continued to expose the Federal Government to loss of revenue adverts. It is seeking N30bn in sanction for the violation of the advertising laws and for loss of revenue. The statement read in part, “ARCON reiterates that it…

Oct

04

2022

By Amos Oge Kalu

Smartphones to use a universal charger from 2024

Business, Economy, LifestyleBusiness, Technology, UK, World News

The EU parliament on Tuesday passed a new law requiring USB-C to be the single charger standard for all new smartphones, tablets, and cameras from late 2024. The measure, which EU lawmakers adopted with a vote of 602 in favor, and 13 against, will — in Europe at least — push Apple to drop its outdated Lightning port on its iPhones for the USB-C one already used by many of its competitors. Makers of laptops will have extra time, from early 2026, to also follow suit. EU policymakers say the single charger rule will simplify the life of Europeans, reduce…

Sep

20

2022

By Kalu Odinakachi

NDLEA arrests ‘largest single seizure of cocaine in Nigerian history

Business, Lifestyle, MetroCrime, Metro, NDLEA, Nigeria, Security

the National Drug Control Agency (NDLEA) says its agents have busted a major warehouse on an isolated farm in the Ikorodu area of Lagos state, where more than N194 billion worth of crack was seized. Its Director of Media and Promotion, Femi Babafemi, made it known in a statement on Monday in Abuja. An online publication, Ark Behavioral Health Editorial Team, described cocaine as “a powerful stimulant drug that can make you feel extremely happy and full of energy. Some health care providers use it as an anesthetic before surgery. “However, in most cases, cocaine is considered an illegal drug. “Street dealers…