By Trust Africa News The World Bank has cancelled its funding supports to the Second Pool of Long – Term Investment (PLT12) implemented uder the Ibadan Flood Management Project (IUFMP) in Oyo State over the failure of the Seyi Makinde-led government to conclude the contract award of the succesful bidders for the four lots (3A,3B,4A…
By Trust Africa News he Association of Advertising Agencies of Nigeria (AAAN) has released the schedule for its second AdCademy Masterclass billed to hold from 26-29 August. The schedule of the three-day virtual training course, in partnership with the prestigious Henley Business School, was released via a statement jointly signed by Messrs. Jenkins Alumona, AAAN…
China should reduce business drinking and replace it with “correct values,” the Chinese Communist Party’s anti-corruption watchdog said in a commentary on a sexual assault case involving employees with Alibaba Group Holding Ltd. Some “under the table rules” such as forced drinking for business purposes may lead to crimes, the Central Commission for Discipline Inspection…
Great Wall Motor has decided to re-allocate to Brazil a portion of its $1bn investment in India, as the Chinese automaker has been unnerved by a year-long delay in winning government approvals, three sources told Reuters. Great Wall has also tasked James Yang, its India president since last year, with the responsibility of assisting with…
A Boeing 737 MAX test plane took to the skies in China as the United States manufacturer looks to end a nearly two-and-a-half-year regulatory grounding of the model in the key travel market. Flight-tracking website Flightradar24 showed a 737 MAX 7 test plane taking off from Shanghai’s Pudong International Airport at 9:24am (01:24 GMT) on…
US cryptocurrency exchange Coinbase Global Inc beat market estimates for second-quarter profit boosted by a near 38 percent jump in trading volumes on a sequential basis, but forecast a drop in current-quarter volumes. Coinbase, which makes money by charging fees on trades and which has benefitted from the growing adoption of digital assets, said on…
The latest data from the Bloomberg Billionaires Index showed that Aliko Dangote was the only Nigerian on the list of 500 billionaires on Tuesday. The index, which polls the net worth of the richest 500 people in the world and updated by the close of trading at the New York Stock Exchange, showed that as…
The Management of the Nigerian National Petroleum Corporation (NNPC) has announced the promotion and redeployment of some staff to fill key vacant positions in the corporation. The corporation made this known in a statement by its spokesperson, Dr Kennie Obateru, in Abuja on Monday. It stated that the appointments and redeployments were to strengthen and…
Vice President Yemi Osinbajo says the African Development Bank (AfDB) has agreed to support Micro Small and Medium Enterprises(MSMEs), especially technology-based ones with 500 million dollars in Nigeria. Osinbajo disclosed this on Sunday at the 33rd Inaugural Lecture of Babcock University, Ilishan Remo, Ogun. The institution’s 33rd Inaugural Lecture was delivered by Oluseyi Oduyoye, Professor of…
