Backlog

The IM-1 lander "Odysseus" in lunar orbit on Feb. 21, 2024.Intuitive MachinesIntuitive Machines is building on the successes of its inaugural moon mission, reporting fourth-quarter results on Thursday and saying it now has "sufficient capital for the near term."The lunar company revealed that its cash balance at the end of the year was just $4.5 million – partly the result of paying down $12 million in debt off its balance sheet. Following its historic February moon landing, the company saw about $50 million in "warrant…

The Central Bank of Nigeria (CBN) on Wednesday announced it has cleared all ‘valid’ foreign exchange backlogs. This move, announced by the bank’s Acting Director of Corporate Communications, Hakama Sidi-Ali, comes as a decisive step towards restoring confidence in Nigeria’s economy. According to her, the CBN recently completed the payment of $1.5 billion, effectively settling the remaining balance of the FX backlog owed to bank customers. She said the process underwent meticulous scrutiny by independent auditors…

The doesn’t seem to have been a major hit for . Just over a year , the company has paused production until it deals with a stockpile of unsold inventory, according to .The company is said to have manufactured well more than 2 million units. According to analysts at IDC, the company sold around 1.7 million headsets in 2023. Perhaps most concerningly for Sony, sales appeared to have slowed significantly throughout the year. Hardware sales often pick up ahead of the holidays, but the fourth quarter was the most sluggish…

Lafarge Africa saw earnings for 2023 drop to N51.4 billion for the first time in half a dozen years, during which not even waves of pandemic lockdowns battering other businesses were unable to slow the progress of its profitability. Details of its unaudited financials for the year showed that a jump in its accrued tax liabilities for the year weighed on the bottom line. An accumulation of obligations to tax authorities over the previous years hit N23.6 billion in 2023, translating to an 86.9 per cent surge.…

An Electron rocket launches the Baby Come Back mission from New Zealand on July 17, 2023.Rocket LabRocket Lab is making steady progress on the development of its Neutron vehicle, as the company reported fourth-quarter results that saw its contract backlog soar above $1 billion.The space company reported a net loss of $50.5 million, or 10 cents per share, for the quarter. Year over year, Rocket Lab's fourth-quarter net loss widened by about 36% as the company continues to spend heavily to create its Neutron rocket. Its…

CBN reiterated the importance of a market with minimal distortions, allowing for easy entry and exit of participants. The post FX Backlog: CBN pays out $400mn to settle ‘genuine requests’ appeared first on Premium Times Nigeria. CBN reiterated the importance of a market with minimal distortions, allowing for easy entry and exit of participants. The post FX Backlog: CBN pays out $400mn to settle ‘genuine requests’ appeared first on Premium Times Nigeria. FOLLOW US ON GOOGLE NEWS Read…

The Central Bank of Nigeria (CBN) on Monday said it injected an additional $500 million into the foreign exchange market. This comes barely a week after it announced that it had so far disbursed approximately $2 billion across pivotal sectors like manufacturing, aviation, and petroleum. A statement signed by the Acting Director of the Corporate Communications Department at the CBN, Hakama Ali, said the management of the CBN is committed to settling all legitimate foreign exchange backlogs within a short time…

The Rise of the Scrum GPT Fewer Jobs for Scrum Masters, and now we see the universal Scrum GPT entering the competition: Will Scrum Masters change from essential practitioners to a niche role? The job market is currently challenging for many agile practitioners, particularly Scrum Masters. Many are looking for new opportunities, while an increasing number of organizations consider the benefits they contribute to a team’s overall success. This is not just reflected in fewer job offerings for Scrum Masters; we also observe…

The Central Bank of Nigeria has undertaken a significant move to eliminate outstanding foreign exchange liabilities by disbursing approximately $2 billion across pivotal sectors. The key sectors include manufacturing, aviation, and petroleum, a statement said Wednesday. This intervention encompasses the complete clearance of liabilities for 14 banks and the initiation of settlements with foreign airlines. Hakama Ali, the acting director of the CBN’s Corporate Communications Department, announced this development…

Naira gained against the United States dollar at the authorised market on Monday, data published by FMDQ showed. According to the data, the local currency closed at N856.57 per $1 at the official market on Monday as against N869.39 recorded in the previous session last Friday. The rate implies a 1.5 per cent appreciation from the N869.39/$1 rate it traded on Friday last week and 5.9 per cent from the N907.11 to a dollar the currency stood at the close of business last year. On Monday, the naira commenced trading…