Blog
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Nigeria’s inflation rate has been tipped to hit 30% by December 2023, global financial advisory service firm, Klynveld Peat Marwick Goerdeler (KPMG) has predicted. KPMG in its macroeconomic review for the first half of 2023 and outlook for the year’s second half noted that recent reforms in the petroleum industry and unification of the foreign […]
No fewer than two officers of the Nigeria Immigration Service (NIS) were confirmed dead and seven critically injured after a ghastly road accident in Kano. The fatal incident which occurred near Kura town along Kano/Zaria highway involved an 18-passenger Nissan bus and an official vehicle of the service. Confirming the ugly development, the spokesperson of […]
Commuters are currently stranded at various bus stops and motor parks in Lagos State as a result of the protest held by commercial drivers in the state today. It was gathered that the commercial drivers embarked on the strike over the alleged extortion imposed on its members by the Lagos State Traffic Management Authority and […]
Tech firm BloomX has developed a method to mechanically pollinate crops, similar to bees, reducing the dependence on commercial honeybees. Three out of every four crops grown worldwide are reliant on pollinators, with bees accounting for 75% of the pollination in the US and a similar percentage in Europe. However, bee populations are under pressure […]
Nasa chief Bill Nelson reveals that the US is in a space race with China to return to the moon, a reference to the 1960s and 1970s when Nasa was in a space race with the Soviet Union. The US is now employing private companies to do more of the work, allowing for shared costs […]
Nigeria’s Central Bank of Nigeria (CBN) has introduced the e-Naira, a digital currency, to its residents. A Stakeholders’ Consultative Forum, organized by Jordan 105.5 FM in collaboration with the Lagos Island-East Local Council Development Area (LCDA) and the CBN, aimed to sensitize Lagos residents on the importance of adopting the e-Naira in the digital economy. […]
WeWork, a troubled office-sharing firm, has seen its shares plunge by over 50% in early trade in New York, following reports it could file for bankruptcy as early as next week. The company, once seen as the future of the office, has been plagued by problems, including a disastrous attempt in 2019 to sell shares […]
The Lagos State Internal Revenue Service (LIRS) has shut down 34 corporate organizations and 23 hotels, restaurants, and event facilities due to non-remittance of consumption taxes by hospitality sector operators to the Lagos State Government. The closures were made during a state-wide tax law enforcement exercise conducted by the Service in Lagos. The tax liabilities […]
