Browsing: Business

Nigerian Customs Intercept 1,620 Birds En Route to Kuwait

Officers of the Nigeria Customs Service at Murtala Mohammed International Airport (MMIA) Command in Lagos have intercepted a shipment of more than 1,620 live birds being illegally exported to Kuwait. The seized birds include Ringnecked Parakeets—commonly known as parrots—and Green and Yellow Fronted Canaries. The discovery was made during routine inspections by vigilant customs officers,…

FG Approves Policy to Regulate Trade Union Activities and Manage Strike Actions

In an effort to curb frequent industrial actions by trade unions, the Federal Government has approved the National Industrial Relations Policy (NIRP) 2025. The policy aims to regulate trade union conduct and foster harmonious relationships between employers and employees. This announcement comes amid a nationwide warning strike by the National Association of Nigerian Nurses and…

Elon Musk announced that Tesla and Samsung have finalized a $16.5 billion deal for chips.

Tesla CEO Elon Musk has announced a $16.5 billion chip supply deal with Samsung Electronics, a partnership expected to boost the South Korean giant’s struggling foundry business. Under the agreement, Samsung’s new chip fabrication plant in Taylor, Texas, will produce Tesla’s next-generation AI6 chips. Musk shared that Tesla will actively assist in optimizing production at…

Lagos State Government Shuts Down Lekki Club Over Noise Pollution

The Lagos State Government has ordered the closure of the popular Light House Club on Admiralty Way, Lekki, due to repeated violations of noise pollution regulations. Tokunbo Wahab, the State Commissioner for Environment and Water Resources, announced that a joint enforcement team from the Lagos State Environmental Sanitation Corps (KAI) and the Lagos State Environmental…

GenCos Oppose Tariff Reduction Proposed by Enugu Power Regulator

Electricity generation companies under the Association of Power Generation Companies (APGC) have expressed strong concerns over the recent decision by the Enugu Electricity Regulatory Commission (EERC) to reduce the Band A electricity tariff. They warn that this move will exacerbate the already fragile financial situation within the power sector. On Sunday, the EERC announced a…

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