Netflix lays off 150 employees due to slow revenue growth and business
Netflix is reportedly laying off nearly 150 employees in the coming days due to disappointing earnings and slow revenue growth. According to a Variety report, the Amazon Prime Video rival might also terminate its contract with contractual contributors. The layoffs are about 2 per cent of Netflix’s
Mexico disappearances reach record high of 100,000 amid impunity
Government data, which goes back to 1964, shows that almost all the disappearances have occurred since 2007, when then-President Felipe Calderón launched his “war on drugs”. The United Nations has called it “a human tragedy of enormous proportions”. Many of the missing are victims of organised crime and hardly any
Tax waivers account for huge revenue loss to Nigeria – FG
Despite its efforts to leverage the benefits of tax exemptions and concessions, the incentive has rather led to huge revenue loss for Nigeria, the Federal Government said on Monday. The government said that although it was committed to reducing tax expenditure, the nation’s current revenue to Gross Domestic Product
FCMB, Mastercard Foundation partner to uplift 100,000 MSMEs in Nigeria
Nigeria – 11 May, 2022 – First City Monument Bank (FCMB), a member of FCMB Group Plc, has partnered with the Mastercard Foundation to provide subsidized loans to 100,000 Micro, Small, and Medium Enterprises (MSMEs), to scale their operations to create work opportunities for young Nigerian women and men. The
Taraba residents knock Chinese firm over poor road rehabilitation
Residents of Mararaba, Ananum and Donga communities in the Donga Local Government Area of Taraba State on Friday decried what they called the poor quality of asphalted Mararaba -Donga road. The residents, who spoke in separate interviews with our correspondent when he visited the area on Friday, said the asphalted
Nigeria’s oil production falls over poor maintenance, says World Bank
The World Bank has said that Nigeria’s oil production declined in 2021 due to a lack of maintenance and the loss of infrastructure efficiency. It added that Nigeria was yet to benefit from increasing oil prices as a result of declining oil production and fuel subsidy. The Washington-based bank said
FG launches mobile app for sending crime alerts to security agencies
The federal government has launched a mobile app for sending crime alerts to security agencies. Rauf Aregbesola, the minister of interior who spoke at the launch of (NISPSAS) mobile application at the ministry’s headquarters on Thursday May 12, said many attacks would have been foiled if the security
Siemens, Finnish utility Fortum quit Russia over Ukraine war
Germany’s Siemens and Finnish utility Fortum will halt all business in Russia due to the war in Ukraine, the latest in a long list of mostly Western firms that have quit the country over the conflict. Siemens has begun winding down its industrial operations and related activities in Russia, the
World hand hygiene day: Dettol donates to federal medical centre Abuja
Living up to its brand purpose, to protect life by reducing the burden of illness and its fight to make good hygiene a reality that everyone can achieve, Dettol Nigeria recently made product donations to the Federal Medical Centre, Abuja as part of its activities to mark the 2022
Fuel queues persist in Abuja, black marketers sell for N300/litre
Fuel queues persisted in the Federal Capital Territory on Monday as filling stations struggled to control desperate drivers waiting to buy the Premium Motor Spirit, PMS, at the official price. Racketeers had a field day, selling a litre of PMS at N300 in different parts of the FCT. In Kubwa,