Amid Covid-19 Outbreak Nigerians Banks Closed 234 Branches And 649 ATMs In 2020:…
The International Monetary Fund (IMF) says Nigerian banks closed 234 branches and 649 automated teller machines…
ByteDance Founder Resign As It’s Chairman
ByteDance founder Zhang Yiming has stepped down as chairman, as the company continues to reorganize its business.…
Nigeria Stock Exchange Gained N19.11 Billion
Stock investors in the Nigerian Exchange Limited gained N19.11bn at the end of trading on Tuesday, despite negative…
CBN And SEC Sanction Five Banks For Various Infractions
The Central Bank of Nigeria and the Securities and Exchange Commission have sanctioned five major banks for…
FG Hopeful Dangote Petroleum Refinery, NNPC, And Other Modular Refineries Will…
The 650,000bpd Dangote Petroleum Refinery, Nigerian National Petroleum Corporation (NNPC) and other modular…
Nigerian Sovereign Investment Authority Allocation To Be Blocked By House Of Rep…
The House of Representatives’ Committee on Finance has vowed to block allocation to Nigerian Sovereign Investment…
Tesla Recalls U.S Vehicles Sold Since 2017 Due To Communication Error
Tesla Inc is recalling nearly 12,000 U.S. vehicles sold since 2017 because a communication error may cause a false…
Elon Musk To Help Fight World Hunger With $6 Billion But With A Clause
Elon Musk is now worth more than $300 billion, and he’s apparently ready to start spending.
The Tesla and SpaceX…
Chip Shortage Force Apple To Substitute Production Of Ipad Tablet For Iphone 13
Apple has cut back production of iPad tablets to allocate more components to the iPhone 13, a sign the global chip…
Dangote Cement Records 34.2 Percent Revenue Growth In Nine Month
Dangote Cement Plc, the largest Cement producer with nearly 48.6Mta capacity across Africa, published nine-month…
International Breweries Recorded 32.1% 2021 Q3 Revenue Growth
International Breweries recorded a revenue growth of 32.1% to N46.43 billion in the third quarter of 2021. This is…
Electric Vehicle Start-Up “Rivian Automotive” Targets $54.6 Million
Electric vehicle start-up Rivian Automotive is targeting a market valuation of as much as $54.6 billion in its…
E-Naira:Phone Application For People Without Bank Account To Be Release Soon
The Chief Executive Officer of Bitt Inc., Brian Popelka, has said a phone application for people without bank…
Federal Government To Ensure The Reduction Of Insider Abuse Of Nuclear Assets
The federal government, through the National Atomic Energy Commission (NAEC), has underscored the need to ensure…
Facebook Launch Programme Themed “My Digital World” In Sub-Saharan…
Facebook has announced the launch of the 2021 edition of a digital literacy programme aimed at equipping young…
Introduction Of Hostile Economic Policies Drops Nigeria Volume Of Import Via Benin…
The volume of imports into Nigeria through its neighbor, Benin Republic, has continued on a downward slide through…
FRC Vows To Deal With Banks That Gives Loan To Government And Agencies Without Due…
Fiscal Responsibility Commission has vowed to engage the services of the Independent Corrupt Practices and Other…
Power Generation In Nigeria Dropped From 4,224.9MW To 3,844.3MW
Power generation in Nigeria dropped from a peak of 4,224.9MW on Sunday to 3,844.3MW by 6am on Monday, data obtained…
SEC Urge Stockbrokers To Create Innovative Financial Products
The Securities and Exchange Commission (SEC) has urged operators to create innovative financial products that would…
Nigeria Routes Airfares Surge Higher
The lingering shortage of foreign exchange in Nigeria has forced the naira to crash against the United States…
Equities Market Resumes November Trading On A Downturn Note
The equities market resumed trading for the month of November on a downturn note yesterday, as market…
Transnational Corporation of NigerIs Q3 Profit Before Tax Rises By 671 Percent
Transnational Corporation of Nigeria Plc has said its profit before tax rose by 671 per cent in the third quarter…
Tesla Is Yet Sign A Contract With Rental Car Company “Hertz”: Elon Musk
Tesla CEO Elon Musk said on Monday night that his electric vehicle company has yet to sign a contract with…
ByteDance’s Finance Chief To Step Down And Focus On Role As Tiktok CEO
TikTok owner ByteDance’s finance chief will step down to focus on his role as CEO of the short video app, according…
Canadian Dollar Steadies As Speculators Turn Bullish On The Currency
The Canadian dollar barely moved against its U.S. counterpart on Monday as data showed
speculators turning bullish…
Insecurity, Others Cut Nigeria’s Foreign Investments To $875m, Lowest In 5 Years
The spate of security crises, a tough business climate, and policy inconsistency are among the factors that cut…
Oil Drops At Start Of Key Week As Biden Boosts Pressure On OPEC+
Oil fell as pressure mounted on OPEC+ to boost production when it meets this week and China released reserves of…
Oil Falls After China Releases Reserves Of Gasoline, Diesel
Oil prices fell on Monday after China said it released reserves of gasoline and diesel to boost supply, while…
Manufacturers Lament Forex Crisis Impact On Raw Materials Import
Manufacturers have lamented the impact of foreign exchange (forex) crisis on importing raw materials.
Speaking…
Forex Volatility, Inflation Hampering Investor Confidence
The volatility of the dollar in the forex market is taking its toll on micro, small and medium enterprises (MSMEs),…