Tesla Adopts Bitcoin as Payment Method for Cars

By Adedapo Adesanya President Bola Tinubu has approved the establishment of the Presidential Compressed Natural Gas Initiative (PCNGI) as part of efforts to ease the impact of fuel subsidy removal on Nigerians by reducing energy costs. In a statement released late on Friday, the presidency said this initiative is poised to revolutionize the transportation landscape in the country, targeting over 11,500 new CNG-enabled vehicles and 55,000 CNG conversion kits for existing PMS-dependent vehicles. The federal government also envisions that it will simultaneously bolster in-country manufacturing, local assembly, and creative jobs. The initiative, which comprises a comprehensive adoption strategy, will include

By Adedapo Adesanya Five Nigerian transport startups have emerged from Seedstars and Lab of Tomorrow (LoT) 17, an innovative programme aimed at transforming Nigeria’s transport and e-commerce sectors. These are CargoLink, Efotainer, MonieMove, SHAPP, and Trade Tracka. These selected startups will bring fresh ideas for overhauling intercity and last-mile transport services for people and goods in Nigeria. In a statement seen by Business Post, LoT 17 focused on Nigeria, where the booming e-commerce and logistics sectors are poised for technological innovation. However, challenges remain, especially in terms of transportation quality and the sector’s largely informal nature. The programme, thus, targeted

By Adedapo Adesanya Ride-hailing service, inDrive, has rapidly expanded its services to 17 Nigerian cities in less than 12 months. In a statement seen by Business Post on Monday, inDrive now operates in Port Harcourt, Abuja, Kano, Kaduna, Benin City, Nnewi, Aba, Onitsha, Jos, Enugu, Warri, Abeokuta, Akure, Owerri, Calabar, Ado Ekiti, and Uyo. Across other Sub-Saharan African markets, the company expanded to Maseru in Lesotho, and Bulawayo in Zimbabwe. In addition to these cities, the platform is also operational in several African countries such as South Africa, Kenya, Tanzania, Botswana, Ghana, and Namibia. Compared to Uber and Bolt, inDrive

By Modupe Gbadeyanka One of the major players in the oil and gas sector in Nigeria, Forte Oil, has expressed its intention to raise N50 billion in fresh capital through debt instruments before the end of 2016 for the expansion of its operations. This was made known by the company to the Nigerian Stock Exchange (NSE) in a filing. Forte Oil noted that has grown its pre-tax profit by 6.52 per cent from N5.288 billion a year earlier to N5.633 billion in 2016, indicating that its revenue was up by 32.16 per cent from N91.616 billion against N121.083 billion recorded

Proprietary trading firms, often called prop firms, are businesses that give money to traders. In such a way they can trade things like stocks, Forex, futures, and options. If you really like trading and want to work in the fast world of financial markets, prop trading can be an exciting option. Traders Union (TU) experts have provided a comprehensive article. They explained about prop trading jobs and salary. Finding the best jobs in proprietary trading TU’s analysts consider that the best prop trading jobs depend on your skills and experience. Prop trading firms look for traders with a strong trading

By Dipo Olowookere The shareholders of Unilever Nigeria, Fidelity Bank and Sunu Assurances Nigeria will gather in Lagos this week for their respective Annual General Meeting (AGM). Business Post reports that Unilever Nigeria will hold its annual shareholders’ gathering on Thursday, May 5 at 10 am at the Grand Banquet Hall of the Civic Centre on Victoria Island. The meeting will give the board and management of the company an avenue to interface with investors on the organisation’s financial performance in 2021 and what they should expect in the current fiscal year. Similarly, those who have shares of Fidelity Bank

By Modupe Gbadeyanka Once again, the Lagos State government has restated its commitment to boost food security in the state just as it said that various agricultural initiative programmes aimed at making the state attain food sufficiency have been developed through profitable investments in the agriculture value-chain. Commissioner for Agriculture, Mr Oluwatoyin Suarau, who briefed the media as part of activities to commemorate the year 2017 World Food Day celebration, noted that the theme of the celebration ‘Change the Future of Migration: Investment in Food Security and Rural Development’ brings to fore the various challenges countries face in terms of

By Modupe Gbadeyanka YouTube has introduced an improved monetisation system for creators to boost their earnings through the video-sharing platform. At the inauguration of Made on YouTube, the company said content creators could make more money through an initiative it called the YouTube Partner Program (YPP). The firm said from early 2023, beginning in early 2023, it would move from a fixed fund to a unique revenue-sharing model for Shorts for both current and future YPP creators. It stated that Shorts-focused creators could apply to YPP by meeting a threshold of 1,000 subscribers and 10 million Shorts views over 90

By Dipo Olowookere Canada’s Foreign Affairs Minister, Stéphane Dion, will travel to Nigeria, Kenya and Ethiopia from November 5 to 11, 2016. Mr Dion announced today that his trip to sub-Saharan Africa will highlight the importance Canada attaches to strengthening bilateral relations with African partners. He said Canada will also seek to advance its interests in the areas of peace, stability, security and the rule of law, including support for the International Criminal Court. The Minister will also announce a number of new projects for the region that support our shared interests in these areas. Africa has seen strong growth

By Dipo Olowookere The African Union-United Nations Mission in Darfur (UNAMID) has welcomed the unilateral six-month cessation of hostilities jointly declared by, among others, the Sudan Liberation Army-Minni Minnawi (SLA-MM) and the Justice and Equality Movement-Gibril (JEM-Gibril), which entered into effect on 31 October 2016. UNAMID also noted and hailed the earlier announcement by President Omar Al Bashir on 10 October of a unilateral cessation of hostilities till the end of this year. Although mindful of existing challenges, UNAMID said it acknowledges the positive opportunity such a cessation of hostilities offers. The body said it is hoped that such gestures