The two new high-speed trains recently purchased by the Lagos State government will be on track latest by the fourth quarter of the year, Governor Babajide Sanwo-Olu has said. Governor Sanwo-Olu disclosed this on Friday during an interview on Sunrise Daily where he outlined efforts being made by his administration to address the gridlock on […]
Apple sales soared in the key Christmas shopping season, despite constraints due to a global shortage of microchips. Sales at the iPhone giant rose 11% to a record $123.9bn (£92.6bn) in the October to December period, beating forecasts. Shares jumped more than 4% in after-hours trade, as the report suggested the firm’s pandemic boom is […]
The Federal Government will soon begin the second phase of the restructured Government Enterprise and Empowerment Programme (GEEP) 2.0 in Lagos State, Mrs Yetunde Arobieke has said. Arobieke, the Lagos State Commissioner for Wealth Creation and Empowerment, said this in Ikeja on Thursday, during the Sensitisation of the new Restructured GEEP 2.0. She was represented […]
China Unicom has become the latest Chinese telecoms giant to be banned from the US over “significant” national security and espionage concerns. The Federal Communications Commission (FCC) said it had voted unanimously to revoke authorisation for the company’s American unit to operate in the US. The firm must stop providing telecoms services in America within […]
Next month’s Winter Olympics is a huge marketing opportunity for sponsors – a showcase for brands. However, Beijing 2022 is also causing a huge headache for the 13 official corporate partners of the Games. Stuck in the middle of a diplomatic spat between the US and China – many are choosing to stay silent. The […]
Tesla sales will grow by more than 50% in 2022 compared with last year despite supply chain problems, chief executive Elon Musk has said. The electric carmaker reported a record $5.5bn (£4bn) profit last year. Sales at the firm rocketed 71% to $53.8bn in 2021, as it delivered more than 936,000 vehicles to customers. But […]
The Chairman, China Africa Business Council (CABC), Chief Dana Chen, has announced that the Chinese government is planning to invest over $300 billion in the African continent over the next three years. According to her, the move is expected to increase the volume of trade between Africa and China from the current $30 billion. Chen […]
Nigeria lost N3 trillion to 2,845 fire outbreaks in 2021, Interior Minister Rauf Aregbesola has said. Aregbesola made this known on Wednesday while decorating the newly promoted Deputy Controllers-General (DCGs) of the Federal Fire Service (FFS). The minister also said that the FFS saved properties worth N18.9 trillion, 587 lives and rescued 260 persons from […]
North Korea fired two more ballistic missiles Thursday, according to South Korea, making January the busiest month ever for North Korean missile launches. South Korea’s military said the North launched what were presumed to be two short-range ballistic missiles toward the sea off its east coast around 8 a.m. local time. It said the missiles […]
South Korean battery maker LG Energy Solution has jumped in its stock market debut after becoming the country’s biggest ever share offering. The shares briefly doubled from their initial public offering (IPO) price before ending the day 65.8% higher. The company raised 12.8tn won (£7.9bn; $10.6bn) in the IPO earlier this month. Thursday’s strong performance […]