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Posts published in “Business”

Intel doubles down on chip manufacturing, plans $20 billion for new Arizona sites

Intel Corp will greatly expand its advanced chip manufacturing capacity as the new chief executive announced plans to spend as much as $20 billion to build two factories in Arizona and to open up its factories to outside customers.
The move by CEO Pat Gelsinger on Tuesday aims to restore Intel’s reputation after technological missteps. The strategy will directly challenge the two other companies in the world that can make the most advanced chips, Taiwan’s Semiconductor Manufacturing Co Ltd (TSMC) and Korea’s Samsung Electronics Co Ltd.

CAC Set To Destroy Unclaimed Company Certificates, Documents – See Deadline Date

Information reaching us has it that the Corporate Affairs Commission (CAC) has said that it may be left with no choice but to destroy the certificates and documents which have been unclaimed by their owners.

The certificates and documents were sent by the CAC through courier services in line with the Federal Government Regulation on COVID-19.

Global Spartan Scholarships at San Jose State University, USA – Apply Now

To recognize the academic achievements of students, the San Jose State University is providing Global Spartan Scholarships in the USA. The grant is available for the academic year 2021-2022.

The educational award will help students by providing a fund to the international students who want to pursue an undergraduate or graduate degree programme at San Jose State University.

Filling Station In Abeokuta Dispenses Water To Motorists Instead Of Petrol – Video

The management of Fatgbems Petroleum Company Limited hereby regrets the water contamination issue at our IBB retail outlets in Abeokuta today, March 14, 2021.

The said incident was a result of an overflow of water into one of the petrol  station storage tanks due to the recent rainfall. It is not in our culture to dispense low-quality products to our customers, as the said incident was a natural occurrence that was beyond our control.

AT&T raises subscriber forecast for HBO Max as streaming booms

AT&T Inc said on Friday it expects up to 150 million global subscribers for its video services HBO Max and HBO, and $15 billion in revenue for the businesses by the end of 2025, as more people turn to cheaper streaming services for entertainment.

Shares of AT&T were up 2% to $30.16 in morning trading.

The U.S. wireless carrier has invested heavily to break into the streaming video market dominated by Netflix Inc and Walt Disney Co’s Disney+

Bolt Delves into Food Delivery Business After €20m Funding

A ride-hailing company, Bolt, is expanding its offerings in Nigeria with the launch of a food business delivery service.

The company announced this through a job advert on its official website.

“We are launching our new food delivery service and we are looking for a Restaurant Sales Manager who can help in establishing partnerships with local businesses,” the ad read.

Harvard South Africa Fellowship Program 2022 (Fully Funded) – Apply Here

Harvard South Africa Fellowship Program 2022 (Fully Funded) is currently available, if interested please kindly get details and apply below.

Harvard University President Derek Bok established the Harvard South Africa Fellowship Program in 1979 to address the needs of South Africans denied access to advanced education by the apartheid system. The creation of this program was a direct response to the strong movement by Harvard students and faculty during the divestment campaigns of the 1970s. The Harvard South Africa Fellowship Program continues to serve as an intellectual resource for talented South Africans, with the goal of providing a “transformational experience” at Harvard University during the fellowship year.

United States Companies plan $2.37bn Investments in Nigeria

Information reaching us says United States companies in Nigeria plan to invest over $2.37bn in Nigeria in the next three years, according to a new report.

The 2020 Nigeria Economic Impact Survey, which was by the American Business Council in collaboration with the United States Embassy, Verraki, KPMG and PwC, disclosed this on Thursday.

Bank of America co-head of global oil trading departs

Charles Sussman, managing director and co-head of global oil trading at Bank of America Merrill Lynch (BAML), has left after nearly 10 years with the firm, two sources familiar with the matter said on Wednesday.

A spokeswoman for BAML declined to comment. Sussman did not respond to a request for comment.

Wall Street often sees staffing changes around this time of the year after bonuses are handed out.