African Export-Import Bank (Afreximbank) has announced the appointment of Ms Marlene Ngoyi as the Chief Executive Officer (CEO) of the Fund for Export-Development in Africa (FEDA), the Bank’s development-oriented subsidiary. Mr Emmanuel Assiak has also been appointed Chief Investment Officer for FEDA. This appointments are contained in a statement signed by Afreximbank’s Media Contact, Amadou […]
Twitter has confirmed that two of its bosses are leaving the social media company in one of the biggest shake-ups since Elon Musk agreed to buy the firm. The executives had been leading Twitter’s consumer and revenue operations. From this week, the firm has also paused most hiring, except for “business critical roles”. The move […]
Energy giant Shell has agreed to sell more than 400 of its petrol stations in Russia to the country’s second largest oil producer, Lukoil. Shell Neft, the firm’s subsidiary in Russia, will be sold for an undisclosed sum. Many Western oil and gas firms have been looking to offload their Russian businesses following the country’s […]
The Nigerian Postal Services (NIPOST) on Thursday signed a Memorandum of Understanding (MoU) with the National Population Commission (NPC) to digitalise postcodes for Nigeria. The Director-General, NIPOST, Dr Ismail Adewusi, at the signing of the MoU in Abuja, said that the effort is aimed at transitioning the system to a digital platform to create more […]
Apple has lost its position as the world’s most valuable company amid a broad sell-off of technology stocks. Saudi Arabian oil and gas producer Aramco has reclaimed the top spot from the iPhone maker for the first time in almost two years. Investors have been selling shares in technology firms as they move into what […]
The U.S. House of Representatives approved more than $40 billion more aid for Ukraine on Tuesday, as Congress races to keep military aid flowing and boost the government in Kyiv as it grapples with the Russian invasion. The House passed the Ukraine spending bill by 368 to 57, with every ‘no’ vote coming from Republicans. […]
The Secretary to the Government of the Federation (SGF), Boss Mustapha, has directed the Central Bank Governor, Godwin Emefiele, ambassadors, heads of agencies, and other government appointees with political ambition to step down. In a circular issued on Wednesday, the directive affected the CBN Governor who is among the heads of extra-ministerial departments. “For the […]
Another setback looms in the nation’s education sector as members of the Academic Staff Union of Polytechnics (ASUP) prepare to embark on a warning strike. ASUP President, Anderson Ezeibe, made the announcement on Wednesday, two days after the Academic Staff Union of Universities (ASUU) extended its ongoing strike which began in mid-February by another 12 […]
A German Non-Governmental Organisation (NGO), Hilfasktion Noma eV, has started building the second National Noma Treatment Centre in Abuja. The group, now known as the Nigeria Aids Noma Initiative (NANI), will build a 100-bed capacity Noma Treatment Centre, offer free reconstruction surgery to children with the disease and also provide for their feeding and schooling […]
Toyota says it will suspend operations at more production lines at its factories in Japan this month due to the coronavirus lockdown in Shanghai. The firm says the production halt will come into effect on Monday and stay in place until of end of next week. It is the latest big car maker to announce […]