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Ackman gives up on Netflix, taking $400 million loss as shares tumble
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Local Stories
MNJTF kills 27 terrorists, Buhari insists insurgency not religious
TROOPS of the Multinational Joint Task Force has said it neutralised 27 Islamic State in West Africa Province terrorists in collaboration with Air Task Force. Read more…
2023: Kogi activist faults Afe Babalola’s call for interim govt
The Executive Director, Conscience for Human Rights and Conflict Resolution, Idris Miliki, has faulted the call by a legal luminary, Chief Afe Babalola (SAN), for the suspension of the 2023 general elections and the installation of an interim government in 2023. Read more…
Osun Reps aspirant distances self from internet fraud
An Osogbo-based businessman, Ibrahim Taofeeq Kayode, eyeing the All Progressives Congress ticket for Osogbo Federal Constituency has denied being an internet fraudster. Read more…
Fund varsities from N4tn subsidy budget, ASUU tells FG
THE President, of the Academic Staff Union of the University, Prof Emmanuel Osodeke, has accused the Federal Government of not giving priority to tertiary education. Read more….
COVID-19: Local vaccine production now a matter of national security—Buhari
The President, Major General Muhammadu Buhari (retd.), Wednesday in Abuja, said increasing the capacity for in-country production of vaccines and medical supplies has become a matter of not just urgency, but of national security. Read more….
International Stories
Russian shelling continues in Mariupol amid evacuation effort, military commander says
The co-commander of one of the Ukrainian units encircled in the port of Mariupol said Thursday that Russian forces continued their bombardment of the city amid negotiations to evacuate civilians. Read more…
Russian defence minister tells Putin the Azovstal steel plant in Mariupol could be taken in 3-4 days
Russian Defense Minister Sergei Shoigu told Russian President Vladimir Putin on Thursday that Russian forces would need 3-4 days to take over the Azovstal steel plant in Mariupol. Read more…
Ackman gives up on Netflix, taking $400 million loss as shares tumble
Billionaire investor William Ackman liquidated a $1.1 billion bet on Netflix on Wednesday, locking in a loss of more than $400 million as the streaming service's stock plunged following news that it lost subscribers for the first time in a decade. Read more….
Business Matters
External reserves return to the growth path, gain $243.83m
Nigeria’s external reserves rose by $243.83m in 19 days, according to figures obtained from the Central Bank of Nigeria. Read more…
Imported vehicles: CITN to engage Customs, others over 15% NAC levy
THE Chartered Institute of Taxation of Nigeria has said it is set to engage relevant government agencies over the introduction of a 15 per cent National Automotive Council levy on imported used vehicles. Read more…
131,376 retirees withdraw N32bn, quit pension scheme
AT least 131,376 workers, who retired from active service, cannot be placed on monthly pensions, according to the National Pension Commission. Read more…
SIM-NIN: Telecom consumers set to sue FG, demand policy suspension
TELECOMMUNICATION subscribers under the aegis of the National Association of Telecoms Subscribers have said they are set to drag the Federal Government to court in May in a bid to temporarily suspend the government’s barring of subscribers’ outgoing calls. Read more….
FG lauds shippers’ council overtime reduction at berth
The Federal Ministry of Transportation has lauded the Nigerian Ports Process Manual for reducing vessels’ berthing time at the country’s seaports from five hours to ninety minutes. Read more…
Domestic, int’l passengers rise by 44%, hit 15.23million
Nigerian Airports witnessed increased patronage between January and December 2021, as the number of air travellers rose to 15.23 million from 10.55 m recorded in 2020. Read more….
Tech Updates
Netflix hints at password sharing crackdown as subscribers fall
Netflix has hinted it will crack down on households sharing passwords as it seeks to sign up new members following a sharp fall in subscribers. Read more…
Tesla's record profit blows away estimates
Tesla has posted record profits once again, overcoming supply chain issues that have dogged the broader auto industry to blow away Wall Street's forecast for the company for the first quarter of 2022. Read more…
Metro
Kuda Bank defends customer’s harassment amid criticisms
KUDA Bank has said the event leading up to one of its customers being forcibly dragged out of its office by law enforcement officers is a result of the customer’s refusal to cooperate with the security agents after his account was flagged for criminal activity. Read more…
Delta police rescue five underage girls inside a brothel
The Delta State Police Command has rescued five underage children allegedly trafficked and used as sex slaves inside a brothel located at Aragba in Otokutu in the Ughelli South Local Government Area of the state. Read more…
Lagos driver crushes LASTMA official to death
A yet-to-be-identified driver has crushed an official of the Lagos State Traffic Management Authority, Jamiu Issa, to death in the Lekki-Ajah area of the state. Read more…
Chrisland: Private school owners fault shutdown, scold parents
The National Association of Proprietors of Private Schools has faulted the shutdown of all Chrisland Schools in Lagos State over an immoral act involving students of the school. Read more….
Johnny Depp testifies about his finger getting severed in defamation case against Amber Heard
Actor Johnny Depp resumed his testimony in a Fairfax, Virginia court in his defamation case against his ex-wife Amber Heard on Wednesday. Read more…
Rihanna's boo A$AP Rocky arrested in connection to 2021 shooting
American rapper A$AP Rocky has been arrested in connection with a shooting that took place in 2021. Read more….
Nigerian comedian Josh2Funny and his wife are expecting their 1st child
Nigerian comedian and skit maker Josh Alfred popularly known as Josh2Funny and his wife, Bina are expecting their first child together. Read more…
Quote of the Day
"Good business leaders create a vision, articulate the vision, passionately own the vision, and relentlessly drive it to completion."
—Jack Welch