Flutterwave Lays Off 30 Employees
African payments giant Flutterwave has laid off about 30 employees, approximately 3% of its workforce, as part of…
Shoprite to Close Novare Central Mall Branch in Abuja by June 2024
Shoprite Mall has announced it will cease operations at its Novare Central Mall branch in Wuse Zone 5, Abuja,…
APM Terminals Recycles Used Tyres Into Footwear
Determined to tackle the issue of used tyres littering Lagos, transport and logistics giant APM Terminals has…
RT Briscoe To Raise N10bn With Investment Scheme
RT Briscoe has launched a flexible investment plan aimed at supporting its 43,000 shareholders, mostly retired…
Dangote Oil Refinery Faces Delay in July Launch Due to Crude Shortage
Dangote Oil Refinery's much-anticipated entry into the petrol supply market in July might face delays due to a…
CBN grants IMTOs naira access to boost remittances
The Central Bank of Nigeria (CBN) has announced new measures aimed at enhancing naira liquidity and increasing…
BDC Operators Struggle with New CBN Guidelines
Bureau De Change (BDC) operators in Nigeria have yet to comply with the new operational guidelines issued by the…
Business registration possible in 24 hours, says CAC ambassador
The Corporate Affairs Commission (CAC) has introduced a Special Registration Portal (SRP) that enables business…
US prosecutors recommend Justice Dept. criminally charge Boeing
U.S. prosecutors are urging the Justice Department to bring criminal charges against Boeing, alleging the company…
Japan warns against rapid FX moves, reiterates readiness for action
Japan is prepared to intervene against excessive market movements as the yen approaches 160 to the dollar, top…
Apple’s App Store rules breach EU tech rules, EU regulators say
The EU has charged Apple with breaching tech rules by preventing app developers from steering consumers to…
Deadly Fire at South Korean Lithium Battery Plant
A fire broke out at a lithium battery manufacturing plant in Hwaseong, South Korea, on Monday, resulting in…
Dangiwa Elected Chair of African Ministers’ Housing Financial Caucus
Ahmed Dangiwa, the Minister of Housing and Urban Development, has been elected as the first chairman of the…
FBN Holdings gross earnings soared by 181% in Q1
FBN Holdings reported a significant 181.43% increase in gross earnings to N1.60 trillion for Q1 2024. Interest…
Caverton Offshore loss worsens to N12bn
Caverton Offshore Support Group's losses after tax worsened by 146.79% to N12.75 billion at the end of 2023,…
High food prices persist despite N1.25tn agriculture budget
Farmers and stakeholders have criticized the rising food prices in Nigeria, despite the federal government…
Naira sells 1,485/dollar as official forex market records $23bn
Forex turnover in Nigeria's official market surged to $23.29 billion over six months, driven by Central Bank of…
NOVA Merchant Bank Transitions to Commercial Bank
NOVA Merchant Bank Limited has obtained approval to transition into a national commercial bank, announced Phillips…
Aiteo resumes production at OML 29 in Bayelsa after oil leak shutdown
Aiteo Eastern Exploration and Production Company (AEEPCO) has resumed production at Oil Mining License (OML 29) in…
Airport extortion beyond aviation ministry’s control – Keyamo
The Minister of Aviation and Aerospace Development, Festus Keyamo, acknowledged that the problem of extortion by…
NNPC shifts $700m gas pipeline delivery date to August
The Nigerian National Petroleum Company Limited (NNPC) has postponed the completion date of the $700 million…
Nigeria Spends $15.55bn on Debt Servicing Over Five Years
The Federal Government of Nigeria spent $15.55 billion on debt servicing between 2019 and 2024, according to data…
Dangote accuses IOCs of plotting failure of its refinery
Devakumar Edwin, Vice President of Oil and Gas at Dangote Industries Limited, has accused International Oil…
Protests Erupt in Kenya Over New Tax Increases
Protests have erupted across Kenya following the approval of significant tax increases by lawmakers, which have…
China asks Visa, Mastercard to cut card fees, Bloomberg News reports
China is advocating for Visa and Mastercard to decrease their bank card transaction fees in the country, aiming to…
Chinese automakers retain grip over Southeast Asia’s booming electric car…
Electric vehicle (EV) sales in Southeast Asia have more than doubled in the January to March quarter compared to…
JPMorgan wealth head sees China’s economic outlook improving
Mary Erdoes, CEO of asset and wealth management at JPMorgan Chase, expressed optimism about the bank's business…
NNPC, TotalEnergies Commit $550m To Boost Domestic Gas Market
In a significant move to enhance Nigeria's oil and gas production, NNPC and TotalEnergies have announced a $550…
First Bank of Nigeria Appoints Olusegun Alebiosu as CEO, Ini Ebong as Deputy MD
First Bank of Nigeria Limited has officially named Olusegun Alebiosu as its new Managing Director and Chief…
Toyota Reveals 2025 Crown Signia
Toyota has introduced the 2025 Toyota Crown Signia, a new addition to the Crown family that promises "effortless…