Nigeria Foreign Trade in Goods Statistics for Quarter Three, 2021 has revealed that the country imported used vehicles worth N185.4bn. Statistician-General, Simon Harry who disclosed this yesterday said Nigeria’s total merchandise trade rose to N13.3 trillion in Quarter Three of 2021, representing 10.43 per cent increase over N12.02 trillion recorded in Quarter Two. According to the recently released foreign trade report published by National Bureau of Statistics, Nigeria spent a total of N601.51 billion on the importation of motor vehicles in the first half of the year. This represents a 15% increase compared to N523.57 billion recorded in the corresponding…

Equinix Inc., the world’s digital infrastructure company, on Tuesday announced its expansion into Africa through its intended acquisition of MainOne, a leading West African data centre and connectivity solutions provider, with presence in Nigeria, Ghana and Côte d’Ivoire. The acquisition is expected to close in the first quarter of 2022, subject to the satisfaction of customary closing conditions including the requisite regulatory approvals. The transaction has an enterprise value of US $320 million, marking the first step in Equinix’s long-term strategy to become a leading African carrier neutral digital infrastructure company. With more than 200 million people, Nigeria is Africa’s…

A note containing the genius's 'theory of happiness' later sold at auction for $1.56 million. Albert Einstein is famous for discovering the theory of relativity, among other world-changing insights. But the great physicist didn't concern himself just with the rules governing space and time. He was also interested in the rules of our internal state of mind. As Psychology Today has noted, Einstein spoke regularly about the search for happiness. "It's happiness we're after," he told an interviewer who asked him what humans desired most in 1931. "Will any student of history agree that the inhabitants of an American city…

MTN Group says it will enforce a mandatory Covid-19 vaccination policy for all its employees from January 2022. In a statement on Monday, MTN said the move is part of its efforts to protect the health and safety of staff. It added that the policy would be subject to risk assessment and local laws that apply in its various operating companies and subsidiaries. Speaking on the development, Ralph Mupita, MTN group president and CEO, said: “The science is clear. Vaccination against Covid-19 reduces rates of serious infections, hospitalisation, and death. “As an employer, we have a responsibility to ensure that…