Telecom Investments Pay Off: Data Revenues Soar in Nigeria
Nigeria's telecommunications industry is reaping the rewards of significant investments in network infrastructure.…
CBN Director Celebrated for 35 Years of Service
The Central Bank of Nigeria (CBN) has commended Clement Oluwaranti Buari, Director of Strategy Management, for his…
UBA Announces Over N2trn Revenue, N607.69bn Profit
The United Bank for Africa (UBA) has announced a stellar performance for the 2023 financial year, achieving record…
MPC: Stock investors maintain cautious stance, lose N290bn
Nigerian stock market investors are feeling the pinch after the recent Monetary Policy Committee (MPC) meeting.…
NECA Rejects N500,000 Minimum Wage Demand
The Nigeria Employers' Consultative Association (NECA) has rejected the Nigerian Labour Congress' (NLC) demand for…
Consumers fault Discos as meter price hits N147,000
Nigerians are facing a new challenge in their quest for prepaid electricity meters. Following deregulation by the…
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…
Government Invests N110 Billion in Young Entrepreneurs
The Nigerian government has announced a significant investment in young entrepreneurs. The Federal Executive…
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…
AfDB Pours $1.44 Billion into Nigeria’s Infrastructure Development
The African Development Bank (AfDB) is stepping up its support for Nigeria's infrastructure needs with a…
Social economic problems may push 51.6% males to migrate — NBS survey
A new report by the National Bureau of Statistics (NBS) paints a concerning picture of potential migration…
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…
Dangote Calls for More Investment in Africa’s Industries, Not Just Resources
Aliko Dangote, president of Dangote Industries Limited, is urging increased investment in African industries.…
Kerosene Prices Jump to N1,439.64/ltr: North Central Hit Hardest
The cost of kerosene, a vital fuel for many Nigerian households, has risen significantly. According to the…
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…
Ajaokuta steel revival attracts $10 billion investment, says Minister Audu
There's good news for Nigeria's steel industry! The government has reportedly secured potential investments…
Google Eyes HubSpot Acquisition to Challenge Microsoft in Cloud Software
Google's parent company, Alphabet, is reportedly considering acquiring HubSpot, a marketing software company…
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…