Gas flaring is a common practice in Nigeria’s oil and gas industry, as in many other countries where oil extraction takes place. The associated gas released during oil production is often seen as a byproduct and is not always easy or cost-effective to capture. As a result, it is burnt through flaring. Flaring persists to …
Fuel subsidy has always been a reoccurring topic of discussion in Nigeria, Africa’s largest economy. And every reason for its discussion oscillates between its expensive cost or plans for total removal. As before, this topical issue has stirred up reactions from Nigerians recently, following the government’s announcement of an $800 million loan from the World …
On a macro scale, we all remember 2022 for different events, depending on which impacted us the most. Geopolitics enthusiasts won’t forget the Russia-Ukraine war, and football lovers won’t forget the world cup. It’s the same way in tech: everyone remembers 2022 as tech winter when capital markets became more cautious with funding, and we …
When employees lose their perks due to cost-cutting measures by their employers, there are several actions they can consider to get them rolled back or replaced with rewarding yet less expensive rewards. If you are an employee and have recently lost your perks, read on to learn how to control the outcome with productive steps. …
Is Sudan on the brink of another civil war? On Saturday, April 15th, a clash broke out in Khartoum between Sudan’s paramilitary Rapid Support Forces (RSF) and the army in an alleged power tussle. According to Reuters, the Sudanese Doctors’ Union declared at least 25 people dead and 183 people wounded, as of Saturday. Earlier …
According to ifc.org, Africa’s travel and tourism sector employed more than 24 million people in 2019. However, COVID-19 created an unprecedented crisis for the tourism industry in Africa and around the world, crushing the supporting sectors that depend on tourism for revenue. According to the African Union, the pandemic cost the continent’s tourism industry over $55 …
Nigerian business aviation firm, Falcon Aerospace Ltd, has unveiled innovations designed to ease business jet booking and make access to the service more inclusive. The firm introduced the products at a recent event in Lagos, Nigeria, where it unveiled its operational business units. According to CEO, Chukwuerika Achum, Falcon Aerospace’s business model derives from the …
Bolt, an all-in-one mobility app has announced a $2.71 million (N1.25 billion) pledge to empower more women to drive with Bolt and other ride-hailing platforms. The pledge forms part of a new campaign launched by Bolt called ‘Women at the Wheel’ which seeks to address the under-representation of women in the mobility sector and help …
The Nigerian media industry would need to evolve a new business model to be sustainable in the digital era, says Frank Aigbogun, publisher of BusinessDay. The reader revenue model and not the ad revenue model, he says, is the best model for the media industry. A reader revenue describes a business model in which some …
Bayobab, a fully owned MTN subsidiary, has completed a partnership with Africa50 to build a terrestrial optic fibre cable network connecting the Eastern shores of Africa to those on the continent’s Western region. The Project East2West will impact ten African countries including Nigeria over a period of three years, from 2023 to 2025. It will …