Twitter is bringing another feature, “Topics” to Spaces. Topics will allow hosts to add tags to their Spaces to help users find their audio rooms easily. You can add up to three relevant topics so that people who like what you’re talking about can see your space. However, the functionality is currently restricted. It’s only available to Android users, and there are only ten Topics in total that users can pick from. The Topics are only available in English. Twitter, on the other hand, claimed that iOS support is on the way and that the number of accessible Topics will…
Author: Temitope N.
Tesla, an electric vehicle manufacturer based in California, is hoping to manufacture 300,000 cars in the first nine months of 2022, according to Reuters. Not minding the global semiconductor scarcity, the vehicles will be manufactured at Tesla’s Shanghai facility. Model 3 sedans and Model Y sport-utility vehicles are produced at the Shanghai facility for both local and foreign markets, including Germany and Japan. China is Tesla’s second-largest market after the United States, accounting for about 30% of worldwide sales and contributing to the automaker’s record first-quarter car deliveries. According to figures from the China Passenger Car Association, over 240,000…
The inspection tour by the governor is coming 5 months shortly after he had flagged off the construction of the 37-km-long Red Line, which starts from Agbado and terminates at Oyingbo. The Blue Line project, which commenced in 2010, is currently at over 80% completion. Sanwo-Olu said that the take-off of the Red Line project represented a major breakthrough for his administration in its drive to deliver an integrated transportation model that would ease road congestion in the state. He said, ”We are excited about the ongoing rail projects being undertaken by the Lagos state government and there is a…
Building up a proper learning culture and habit in early childhood is quite difficult when the environment is not conducive. This was established by Nestle Nigeria through its Corporate Communications and Public Affairs Manager, Mrs. Victoria Uwadoka, on Saturday while commissioning a fully equipped block of 3 classrooms renovated in Salvation Army Primary School 1, Agbara, Ogun state. According to her, the pupils will now enjoy a more conducive environment with the commissioning of the block, as this is part of a project comprising 2 blocks of 5 classrooms and a crèche. She said, “Building a learning culture in early…
The Nigerian Association of Resident Doctors (NARD) have decided to stand by the ongoing strike action as they, issued a fresh 72-hour ultimatum to the Federal Government in their ongoing industrial dispute. The resident doctors in their ultimatum asked the government to pay its members being owed Medical Residency Training Fund and salary arrears and also withdraw the lawsuit filed against doctors before the National Industrial Court in the interest of peace. The demands by NARD were contained in a communiqué issued at the end of its 41st Annual General Meeting held in Bauchi State on Saturday and jointly signed…
The Federal Government has established that it plans to open up Nigeria’s maritime sector for investment opportunities as it reduces bottlenecks in the sector, including wrecks along the creeks. This was mentioned by the Minister of Transportation, Mr Rotimi Chibuike Amaechi, on Friday in Lagos, at the official launch of the removal of wrecks along the Badagry creek from Tincan Island to Navy Town, Lagos. The Minister applauded the DG of NIMASA, Dr Bashir Jamoh, for launching the scheme, citing that the venture of clearing Nigeria’s waterways of wrecks, aside guaranteeing better safety of navigation also opened up the prospects…
The Federal Government has established that it has organized a committee that will enforce policies for effective and efficient management of illegally refined products recovered from dug-up pits found around the nook and cranny of the Niger Delta. This was earlier mentioned by the Attorney-General of Federation and Minister of Justice, Abubakar Malami, SAN, at the inauguration ceremony of the Inter-Ministerial Committee on the Recovery of Illegally Refined Petroleum Product (Crude Oil) in the Dug-Up Pits found around the Creeks of the Niger Delta, in Abuja. Malami mentioned that the exercise is in line with the policy of the current…
The Federal Government has established that it granted 12,000 expatriate quota licences to foreigners seeking to work in Nigeria, treating 2,000 applications from companies in two years. This was earlier disclosed today in a statement by the Minister of Interior, Rauf Aregbesola in Abuja, after his participation on the second day of the 6th edition of the Annual Kaduna Economic Investment, (KADINVEST), in Kaduna. The Minister also mentioned that since inception, the ministry has handled 14,690 companies and granted 126,893 quota licences to expatriates. From August 2019 till date, we have registered more than 2,000 companies, while over 12,000 expatriates…
A former governor of the Central Bank of Nigeria, Alhaji Muhammad Sanusi, has pointed out that Nigeria’s future lies in a knowledge-based economy. This was revealed at the closing ceremony of the Kaduna Investment Summit, tagged KadInvest 6.0. Sanusi mentioned that the future lies in a knowledge-based economy, also adding that Nigeria is behind many African countries in innovation index. Only eight of every 100 Nigerians who start primary school complete university. “Globally, work is being redefined; 30 to 40 per cent of workers in developed economies will need to significantly upgrade their skills by 2030. And what are the…
Access Bank Plc has announced plans to issue additional 5-Year USD denominated Tier 1 Eurobond, in furtherance of its Global Medium-Term Note Issuance Programme. To facilitate this, the tier-1 bank established that it will be organizing a global investor call and series of fixed income investor calls. The global investor call slated for 27th of September 2021, will be hosted by Citi, J.P. Morgan, Renaissance Capital and Mashreqbank (Joint Bookrunners of the deal) in collaboration with Chapel Hill Denham and Coronation Merchant Bank (Financial Advisers of the deal). Recall that Access Bank had earlier issued a $500 million unsecured Eurobond,…
The Central Bank of Nigeria (CBN) has beckoned on the support of the International Air Transport Association (IATA) to put an halt to ‘Ticket renting’ in Nigeria. Ticket renting is a nefarious activity where air tickets are being given out to unscrupulous persons for the fraudulent purchase of BTA and then voided once the economic fraud has been committed. This was made known by IATA via a memo titled “Issuance of Tickets for the Fraudulent Purchase of BTA”, issued to the National Association of Nigerian Travel Agencies (NANTA) calling for their cooperation to tame the menace, which the CBN described…
The Coalition of Civil Society Groups (CCSG) has applauded numerous initiatives introduced by the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, to stabilize the naira and reposition the country’s economy. Civil society organizations have also decried economic sabotage in the forex market, claiming that the economy is going through significant inflation due to an excessive gap between official bank exchange rates for the dollar and the naira. According to Vanguard, Messrs Etuk Bassey Williams and Abubakar Ibrahim, the coalition president and secretary, addressed journalists at a solidarity demonstration in Abuja in support of President Muhammadu Buhari and…
Nigeria exported agro-food items worth N165.27 billion in the second quarter of 2021, representing a 112% growth compared to N78.03 billion recorded in the corresponding period of 2020. This is also the highest on record, according to data tracked from the National Bureau of Statistics (NBS). The recent value also represents a 30% increase when compared to N127.18 billion worth of export recorded in the previous quarter (Q1 2021). Recall that Nairametrics had reported that Nigeria’s foreign trade increased by 89% year-on-year to N12.03 trillion in Q2 2021. The report had also highlighted that Nigeria continued with a foreign trade…
ReelFruit, which is a premium dried fruit firm well known for its high-quality healthy snacks, has raised a $3 million Series A investment. The funding was led by Alitheia IDF with a $2 million investment; other investors in this round include Samata Capital and Flying Doctor Healthcare Investment Company contributed. ReelFruit was advised by New Practice on the deal. ReelFruit will use the funds to expand its dried fruit production, develop new products, and grow exports by 10 times to 15 MT in the first year. As part of its expansion plans, ReelFruit will purchase a new plant in Ogun…
It is paramount for African nations to not depend solely on foreign countries for healthcare support, as the continent cannot outsource its health to other parts of the world. This was disclosed by the President of the African Development Bank (AfDB), Akinwumi Adesina, at the 76th General Assembly of the United Nations. Adesina spoke at a virtual session, which featured the AfDB president, World Trade Organization Director-General, Ngozi Okonjo-Iweala, and Global Infrastructure Partners’ vice-chairman and partner, Jim Yong Kim. In a statement published on the Bank’s website, it stated, “Global leaders, in a sideline event on health during the United…
The Federal Government has disclosed that the Five Generation (5G) network will be in operation Nigeria starting January 2022 and will help in the monitoring against vandalism of public assets. This is came a few weeks after the Federal Executive Council (FEC) signed and approved the national policy on 5G network for Nigeria’s digital economy with various benefits expected to gain from employing such network including increased connectivity. According to NAN, this was established by the Minister of Communications and Digital Economy, Isa Pantami, on Thursday in Maiduguri at a Town Hall Meeting organized by the Federal Ministry of Information…
All Farmers Association of Nigeria (AFAN) have established that they are planting more crops this year by applying the use of scientific weather prediction from the Nigerian Meteorological Agency (NiMet). This was earlier mentioned by Alhaji Abdulrahman Yusuf, Vice Chairman, AFAN, on Thursday, during an interview with the News Agency of Nigeria in Minna. He said “We are taking advantage of NiMet prediction that the rains will stop by November instead of October to plant more crops. Right now we are cultivating crops that will take 45 to 60 days to mature,’’ The farmers union chipped in that measures to…
The Federal Government of Nigeria has stated that houses under development in its numerous housing schemes would be allocated through online applications and on a first-come-first-serve basis. The was made known by the Minister of Works and Housing, Mr Babatunde Fashola, during an inspection of houses under the Federal Government housing project on Thursday. The Minister told the press that the process of giving out of houses would start through online applications by the beneficiaries. Fashola said and I quote, “The process is going to be on an online platform, the form will be online and pay online, fill them,…
Dr Vera Songwe who is the The Under-Secretary-General and Executive Secretary of the United Nations Economic Commission for Africa , has said that the African Continental Free Trade Area has the potential to increase Africa’s Gross Domestic Product by $1 trillion. She made the remarks at the ECA’s Regional Business Forum, which was themed, “Empowering women youths to drive Africa’s transformation agenda,” “AfCFTA stands to grow Africa’s GDP by an additional one trillion dollars to deliver on what is needed by first unlocking our borders then building value chains and making sure the African women all work together to create…
The Federal Government has sensitized and informed the general public to heightened security activities ahead of preparations to mark Nigeria’s 61st independence anniversary in a couple of days. The warning is coming as the country is faced with different security challenges from terrorists, kidnappers, bandits and even some separatist or self-determination groups. This information was contained in a statement released by the Minister of Information and Culture, Alhaji Lai Mohammed, today, in which he issued the security alert for the October 1st Independence Day celebration. Nigeria has been in the grip of various destructive forces which has led to the…