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Business
Five Digital Products Propelling MTN Towards Tech
MTN has been growing alternative sources of revenue outside voice, maintaining an accelerated growth trajectory,…
NGX Loses N21 Billion As Investors Initiate Cautious-Trading
The NGX closed on a negative note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI)…
Advans Partners Axa Mansard To Launch Micro-Health Insurance Products
Advans La Fayette Microfinance Bank said it launched a micro-health insurance product in partnership with AXA…
Ted Baker Fourth-Quarter Sales Jump 35%
Upmarket fashion retailer Ted Baker reported higher fourth-quarter sales on Wednesday as demand for office and…
Tesla Get Another Lawsuit From Ex Worker Over Racism
A former Tesla construction manager has filed a lawsuit against the electric car company alleging he was fired for…
Hybrid Work Trend Drives PC Maker Lenovo’s Q3 Profit To Record 62% Growth
Third-quarter profit jumped 62% to an all-time high of $640 million at China's Lenovo Group (0992.HK), the world's…
Trademark War: Court Rejects Coca-Cola’s Request
The Federal High Court sitting in Kano has refused to grant an interlocutory injunction sought by the Coca-Cola…
UK Boosts Access To Finance For Women-Owned Businesses And Clean Energy Projects…
A new £74 million (41.6 billion Naira) financial package from the UK will support women entrepreneurs across…
Oil Prices Near $100 A Barrel Amid Russia-Ukraine Crisis
Global oil prices trade near $100 per barrel on supply disruption worries as tensions between Russia and Ukraine…
Investigation Claims Credit Suisse Handled Dirty Money
Credit Suisse handled billions of dollars in dirty money for decades, an international media investigation based on…
Electricity Gulps 50% Of MSMEs’ Profits, Says NCEEC
The National Centre for Energy Efficiency and Conservation, University of Lagos, has said electricity consumes…
‘Only 10% Of Nigerian Farmers Engage In Mechanised Farming’
The National Chairman of Tractor Owners and Hiring Facilities Association of Nigeria, Danladi Garba, on Wednesday,…
Flutterwave Now Worth Above $3bn After Securing Fresh $250m Funding
Flutterwave says it has raised another $250 million in Series D funding, valuing the company at over $3 billion as…
Ericsson Shares Fall 9% On Iraq Corruption Probe
Shares of Ericsson fell 9% on Wednesday after the Swedish telecom gear maker disclosed results of an internal…
Facebook To Pay $90 Million To Settle Privacy Lawsuit
Facebook agreed to pay $90 million to settle a decade-old privacy lawsuit accusing it of tracking users' internet…
Inflation Hits Louis Vuitton, Price Tags Going Up
Louis Vuitton, LVMH’s top fashion brand, will raise prices globally on Wednesday as a result of increased…
Virgin Galactic Stock Rises As Spaceflight Ticket Sales Open With $150,000 Deposit
Space tourism company Virgin Galactic announced Tuesday that it will open ticket sales to the public on Wednesday,…
BOI Raises €700m Eurobond To Help Businesses With Financial Supports
The Bank of Industry (BOI) has raised a €700 million eurobond to provide funding for the growth of businesses in…
Nigeria’s Inflation Rate Drops To 15.60% In January
The consumer price index, which measures inflation increased to 15.60 percent year-on-year in January 2022.
This…
Russia’s Yandex Eyes $6.5 Bln Annual Revenue In 2022 After FY Profit Slip
Russian internet giant Yandex on Tuesday reported a 55% decrease in adjusted net income in 2021 but said it expects…
Intel Buying Israeli Chipmaker Tower Semiconductor For $5.4 Billion
Intel Corp signed a deal to buy Israeli chipmaker Tower Semiconductor for $5.4 billion, the companies said on…
Insurance Firms Earned N630.36bn, Paid N238.05bn Claims – NAICOM
Insurance companies in the country earned N630.36bn premium in 2021 and paid N238.05bn as claims, the National…
Tesla Sold 59,845 China-Made Vehicles In January
U.S. electric vehicle maker Tesla sold 59,845 China-made vehicles in January, the China Passenger Car Association…
Toshiba Sets March 24 For Preliminary Vote On Break-Up Plan
Japan's Toshiba Corp plans an extraordinary general meeting of shareholders on March 24, to seek their initial…
Novastar Ventures Leads Seed Round For Kenya-Based BasiGo
Kenyan-based electric vehicle technology and financing startup BasiGo has closed a $4.3 million seed funding round.…
Afreximbank’s FEDA Backs Mauritanian FMCG Business
African Export-Import Bank (Afreximbank) has announced an investment by the Fund for Export Development in Africa…
Apple To Raise Salary Of Its US Retail Employees
Apple Inc is raising the pay of many U.S. retail employees effective this month, Bloomberg News reported on Friday.…
EU Is Nigeria’s Largest Trading Partner, Says Envoy
The European Union Ambassador in Nigeria, Samuela Isopi, has said the EU bloc is the largest trading partner and…
UK Economy Grew 7.5% In 2021, Mostly Recovering From Its Pandemic Plunge
The British economy grew 7.5% in 2021, official figures revealed Friday, rebounding from its historic 9.4% plunge…
Naira Exchanges At N417.51 To $1 Officially
The naira continued its downward trend as the dollar was sold for N417.51 at the official market on Thursday.…