Browsing Category
Business
Walmart Ditches Capital One as Credit Card Issuer After Service Issues
Walmart is severing its partnership with Capital One, which issued its store-branded credit cards since 2019. This…
Lilly invests further $5.3 bln in new Indiana site as obesity drug demand soars
Eli Lilly is making a massive investment to address surging demand for its weight-loss and diabetes drugs,…
US equity funds see massive weekly inflows on rate cut expectations
US equity funds saw a significant inflow of capital in the week ending May 22nd. This surge, totaling $9.9…
US Stocks Mixed: Tech Buoyed by Nvidia, But Inflation Worries Drag on Gains
US stocks opened higher on Friday, but the rally looks unlikely to sustain as the week draws to a close. The Dow…
Exiled Chinese Businessman Miles Guo Faces Fraud Trial in New York
Miles Guo, a Chinese businessman living in exile, is set to go on trial in Manhattan for allegedly defrauding…
Fed Governor Hints at Higher Borrowing Costs
Federal Reserve Governor Christopher Waller has sparked discussions about a possible change in the interest rate…
Brazil’s Petrobras approves Chambriard as new CEO
Brazil's state-owned oil giant Petrobras has a new leader: Magda Chambriard. Her appointment follows the…
CBN’s 26.25% interest rate will compound high cost of doing business in Nigeria –…
The Manufacturers Association of Nigeria (MAN) is expressing strong concerns over the Central Bank of Nigeria's…
Landmark Beach Demands N42 Billion Compensation After Demolition
The management of Landmark Beach is seeking N42 billion in compensation from the Nigerian Federal Government…
Nvidia Co-Founder Surpasses Walmart Waltons in Wealth
Jensen Huang, co-founder of Nvidia, has become a symbol of the booming tech industry's growing influence. Thanks…
Prices of basic food items rise 140% — NBS
Nigerians are facing a significant rise in food prices, according to the latest report by the National Bureau…
Manufacturer’s Confidence on the Rise in Nigeria
Nigeria's manufacturing sector is showing signs of optimism for the first time in nearly two years. A survey by…
Boeing faces ‘long road’ on safety issues, US FAA says
The head of the Federal Aviation Administration (FAA) has cast doubt on Boeing's ability to quickly resolve safety…
BHP Determined to Seal Anglo American Deal Despite Concerns
BHP, the world's largest mining company, remains committed to its proposed takeover of Anglo American. Despite…
Tier-1 Nigerian banks earn N392 billion from electronic business
Nigeria's top tier-1 banks are reaping significant rewards from the growing popularity of electronic transactions.…
International Breweries Gets SEC Nod for N588 Billion Rights Issue to Ease Debt…
International Breweries has secured approval from the Nigerian Securities Exchange Commission (SEC) to proceed…
Nigerian businesses need single-digit interest rate to grow economy – CPPE
Nigeria's central bank (CBN) has raised interest rates for the third time in 2024, in a bid to control high…
Techstars CEO Maëlle Gavet Steps Down Due to Health Reasons
Techstars CEO Maëlle Gavet announced her resignation from the company, effective at the end of May, citing health…
BoI Disburses N496bn To MSMEs, Creates 2m Jobs
Nigeria's Bank of Industry (BoI) defied economic downturn by disbursing N496 billion to bolster Micro, Small and…
Azura Power Launches 20kW Solar System To Commemorate Children’s Day
Azura Power West Africa is bringing the light of education to the Knosk Charity School in Kuje with a 20 kW solar…
AIMAN Seeks Review Of 50% IGR Deduction From Aviation Agencies
The Aeronautical Information Management Association of Nigeria (AIMAN) is lobbying for the Nigerian Airspace…
Turkish Airlines sacks 7 Nigerian staff over $600,000 ticket racketeering
Turkish Airlines fired seven Nigerian staff members for allegedly costing the airline over $600,000 through…
Nigeria’s $1trn transactions to get new AI-based defence
Nigeria is stepping up its fight against financial fraud as the volume of electronic transactions explodes. With…
Naira Holds Steady Against Dollar Despite CBN Rate Hike
The Nigerian Naira remained stable against the dollar at the official foreign exchange market on Wednesday, even…
Diesel price rises 68% to N1,415.06/ltr
The cost of diesel fuel in Nigeria has jumped dramatically, with a year-on-year increase of 68% to N1,415.06 per…
Microsoft’s AI Deal with UAE Raises Security Concerns, Lawmakers Seek More…
Microsoft's deal with G42, a UAE-backed AI company, is raising eyebrows over potential national security risks.…
Stocks catch a ride higher with Nvidia; investors cautious over rates
Global stock markets saw a modest rise on Thursday, fueled by a strong performance from tech giant Nvidia.…
Japan’s Factory Activity Shows Signs of Life After Months of Slump
Positive news for Japan's economy as factory activity finally expanded for the first time in a year. The au Jibun…
Quadrant MSL COO Retires
Quadrant MSL, a strategic communications firm, is saying goodbye to their COO and Head of Business, Oluwarantimi…
ACMPN to Induct new members at the 2024 Mental Health Awareness Week
The Association for Counsellors Matchmaking & Psychotherapy of Nigeria (ACMPN) is holding a special event from…