Tesla looks set to regain its title as the world’s top electric car maker as his auto company Tesla will reveal its quarterly delivery numbers on Wednesday April 03. This is expected with China’s BYD reporting on Monday that sales plummeted more than 40 per cent for the first three months of 2024. Analysts expect…
The 650,000 barrels per day Dangote Petroleum Refinery has pegged a minimum of one million litres of Automotive Gas Oil (AGO) diesel per marketer as it commences sales of the product today, Tuesday. Independent Petroleum Marketers Association of Nigeria (IPMAN) National President, Alhaji Abubakar Maigandi, disclosed this on Tuesday.” He said The least volume a…
The Joint Admissions and Matriculation Board (JAMB) said it uncovered at least 1,665 fake A’level results during the 2023 Direct Entry registration exercise. The Board also said the A’level results verification regime was occasioned by the endemic corruption associated with the system and was intended to restore the integrity of this component of admission process….
The 44-year-old had never before held an elected office. However, several African leaders attended the ceremony in the new town of Diamniadio, near the capital Daka Mr Faye was released from prison less than two weeks before the March 24 election, along with popular opposition figure Ousmane Sonko, following a political amnesty announced by outgoing…
The naira continued its gain on Monday over the United States dollars at the parallel section of the foreign exchange (FX) market as it traded for N1,250/$. This is a 0.43 percent increase over the N1,280 recorded on March 29. Currency traders in Lagos, also known as bureau de change (BDCs) operators, gave the buying…
The Nigerian Army has confirmed a minor explosion within the Nigerian Army (NA) Cantonment in Ikeja, Lagos. A statement by the Director, Army Public Relations, Major General Onyema Nwachukwu, said the incident, which occurred on Monday, April 1, 2024, happened on a farmland near the Mammy Market within the Cantonment. He said, “the explosion is…
The Federal Government has announced an 11 percent increase in the wholesale price of gas to power plants, raising it from $2.18 per MMBTU to $2.42 per MMBTU (million British Thermal Unit). This decision places additional financial burdens on power generation companies that are already grappling with challenges in the sector. The hike comes amidst…
The number of children facing severe drought conditions across the Horn of Africa has increased by more than 40 per cent in the space of two months, warns UNICEF. Between February and April, the number of children facing the impact of drought including acute hunger, malnutrition and thirst increased from 7.25 million to at least…
President Bola Tinubu will depart Abuja on Tuesday, April 2, 2024, for Dakar, Senegal, to attend the inauguration of Senegal’s President-elect, Bassirou Diomaye Faye. Faye will be taking over as the country’s fifth president by the outgoing President Macky Sall, who is stepping down after a second term. Bassirou Diomaye Faye (born 1980) is a…
The Association of Corporate & Marketing Communication Professionals of Banks (ACAMB) has advised customers and shareholders not to panic, assuring them of the association’s support for recapitalisation of the banking sector. In a statement signed by Rasheed Bolarinwa, president of ACAMB, the Association welcomes the release of the much-anticipated circular of the Central Bank of…
