Air Peace has suspended its passenger flight to South Africa due to slow approval of the country’s visas to Nigerians, while complaining that aviation fuel and...
The management of Caverton Offshore Support Group are struggling to keep the earnings of the company afloat, as revenue of the logistics firm fell -39.3% in...
The approval Seplat secured from President Muhammadu Buhari for its acquisition of ExxonMobil’s Nigerian subsidiary, Mobil Producing Nigeria Unlimited (MPNU), has hit another rock. Chief Executive...
The founder of Binance, the largest cryptocurrency exchange platform, Changpeng Zhao, has warned cryptocurrency traders of the danger of the digital assets, as the market slumps....
Tesla Chief Executive Officer, Elon Musk, has given a condition to complete the $44 billion Twitter acquisition deal, months after the billionaire threatened to pull out...
Investors in the Nigerian capital market traded 705.636 million shares worth N12.850 billion in 22,124 deals last week. This, however, fell short of the 1.546 billion...
During the week, First Bank investors lost N1.79 billion in five days of trading, coupled with the FCT High Court Enforcement Unit in Abuja, shutting down...
The world’s richest man, Elon Musk, has lost -4.27 percent of his wealth after the Chief Executive Officer of Tesla denied a report that he planned...
The equity capitalization in the Nigerian capital market rose to N27.35 trillion at the close of trading on Friday. The figure was 0.2 percent or N81...
Wema Bank Plc has posted a growth performance across all financial indices in the First-Half of its 2022 operations. This information is contained in the Financial...
The Central Bank of Nigeria (CBN) Deputy Director, Banking Services, Egboagwu Ezulu, has blamed the private sector for the scarcity of foreign currencies, after the dollar...
Nigerian government’s quarterly revenue generated from the train operation will take a hit in the third quarter of 2022, as the Nigeria Railway Corporation (NRC) suspends...
United Bank for Africa (UBA) has appointed Oliver Alawuba as Group Managing Director. He will now oversee the operations of the firm in 20 countries, which...
Flutterwave continues to make headlines for bad reasons, as the Bank of Ghana has officially began to probe the African unicorn after several allegations from Nigerian...
The market capitalisation of the Nigerian bourse depreciated to N26.93 trillion on Monday, from N27.16 trillion, after sell off wiped off Friday’s gain. Monday’s share dump...
Imo State Government claimed it was ripped-off by carmaker, Innoson Vehicle Manufacturing Company, in a purchase agreement worth N5 billion. The government said the company breached...
With the earnings season upon us, investors are getting a glimpse of what their investment could become in future, and for some, its more growth or...
After five days of trading, the Nigerian stock market recorded 1.546 billion shares, exchanged in 23,873 deals this week, worth N16.289 billion. However, on the exchange...
Unity Bank reported 17% growth in its half-year turnover for 2022, as the lender closed the first six month of the year at N27.6 billion, surpassing...
The President of the Democratic Republic of Congo, Félix Tshilombo, has invited international investors to tender bids for the country’s oil and gas blocs as the...
The Managing Director and Chief Executive Officer of Heritage Bank, Ifie Sekibo, said the launch of Lagos Commodities and Future Exchange (LCFE) will unlock investment opportunities...
The Minister of Finance, budget and national planning, Zainab Ahmed, said President Muhammadu Buhari’s administration withdrew $35.6 million from the excess crude account for security. Ahmed...
BUA Cement, owned by billionaire, Abdulsamad Rabiu, reported its revenue grew by 51.7% in the second quarter of 2022. While this is an impressive growth, the...
James Odaudu, the Special Assistant to the Minister of Aviation on public affairs, Hadi Sirika, has revealed that Dana Air will be audited by the aviation...
The International Monetary Fund (IMF) retained the 3.4 percent growth projection for the Nigerian economy this year despite soaring inflation, and the country’s inability to cash...
The price of bread is expected to rise by 20 with the bakers divided on how to address the increase in price of raw materials occasioned...
The National Industrial Court has fined the Central Bank of Nigeria (CBN) N100,000 after seeking to introduce new stay of execution application in the case against...
The founder of BUA Group, Abdulsamad Rabiu, has joined his rival, Aliko Dangote, in the debt market, as both billionaires are in need of capital to...
Airtel Africa has purchased additional spectrum in Kenya to extend its operation in the country, eight months after the company lost the 5G bid to its...
Elon Musk has been blamed for Twitter’s dwindling revenue after it reported $1.18 billion in turnover for Q2 2022 financial statements, as the company and the...
The Competition and Consumer Protection (CCP) tribunal has fined MultiChoice N100,000 amid a case against the company involving subscription price hike and contempt of court. MultiChoice...
The world’s richest man, Elon Musk, was the subject of a joke made by Microstrategy founder, Michael Saylor, on Thursday, after the Tesla Chief Executive Officer...
The Federal Government will spend N2.7 trillion more on fuel subsidy payment in 2023. The Minister of Finance, Budget and National Planning, Zainab Ahmed, who disclosed...
Elon Musk has sold Tesla’s bitcoin holdings amid slump in the cryptocurrency market. The sell off reduces the automaker’s exposure to volatility risk associated with bitcoin,...
After multiple incidents that put lives of passengers at risk, the Federal Government’s regulator, Nigerian Civil Aviation Authority (NCAA), has suspended the license of Dana Airlines....
United States judge, Kathaleen McCormick, presiding over the case between Twitter and billionaire, Elon Musk, has backed the company’s request to fast-track the acquisition trail. On...
The Association of Distributors and Transporters of Petroleum Products (ADITOP) said it is facing a major challenge because the Federal Government is owing its members unpaid...
The capital market nosedived by -0.02% on Tuesday, as longterm growth sentiment remain scarce on the exchange floor. Following the dip, N5.96 billion was wiped from...
President Muhammadu Buhari has officially unveiled the new brand of the Nigerian National Petroleum Company (NNPC) Limited on Tuesday, at the State House, Abuja, to usher...
The court battle between Twitter board and Chief Executive Officer of Tesla, Elon Musk, has taken a new turn, as the billionaire is reportedly planning to...
Flights and banking operations across the country could be disrupted in the coming days as unions in the aviation and banking industry threaten to strike alongside...
Oil marketers have increased the price of Premium Motor Spirit (PMS) against the warning of the Federal Government, as fuel scarcity hits retail station of Nigerian...
Investors holding Airtel Nigeria shares went home last week as one of the best gainers in the country’s stock market, after their investment grew 10% within...
Investors had only three days to trade on the Nigerian Stock Exchange this week, following the Eid-El-Kabir public holiday between July 11 to 12, 2022. Within...
A report by the National Bureau of Statistics (NBS) has rubbished claims made by President Muhammadu on how the policies of his administration has impacted on...
The International Monetary Fund (IMF) has hinted that it will change the institution’s global growth forecast in the wake of soaring historical inflation rate, induced by...
The Lagos State High Court, Ikoyi division, has ordered the payment of N18.8 billion to investors who were scammed by a couple, Bamise Ajetunmobi and Elizabeth...
Streaming company, Netflix, and technology firm, Microsoft, have signed an agreement to offer cheaper subscription plan that comes with advert, as the movie streamer restrategises amid...
Russian President, Vladimir Putin, has appointed his daughter, Katerina Tikhonova, to head the country’s Russian Union of Industrialists and Entrepreneurs’ (RSPP) import substitution coordination council. Tikhonova...
MultiChoice, the parent company of subscription-based cable tv, DSTV and GOTV, has been ordered by the Court of Appeal sitting in Port Harcourt, Rivers State, to...