The founder of cryptocurrency exchange, Binance, Changpeng Zhao, has moved up the world’s rich list to 11th position following the increase in his networth. The 44-year-old’s...
Cryptocurrency-related crime hit an all-time high in 2021 as the decentralised finance (DeFi) community recorded more phishing campaigns and other schemes linked to the digital assets....
The Nigerian stock market traded 2.027 billion shares worth N59.014 billion in 15,750 deals in four days this week. Despite trading one day less than the...
Former Nigerian rapper, Mo’Cheddah has written about her postnatal depression on her Instagram stories. Taking to her social media page during the early hours of Saturday,...
Shareholders at the Nigerian capital market smiled home with N130.7 billion following the rise in total investment by 0.55 percent on Friday. The development lifted the...
Bitcoin tumbled in reaction to reports that the United States is planning to reduce its balance sheet by selling off bonds. This move saw a record...
With the end of 2021, it’s time to go on a trip down memory lane of events that shaped the year in the business world. This...
Eterna Plc has reshuffled its company board following the majority acquisition of the oil and gas firm by Preline Limited, which now controls 60.9 percent of...
Investors at the Nigerian capital market gained N70.6 billion on Thursday following the rise in the equity capitalization by 0.30 percent at the close of the...
In the last three years, the Federal Government has been clamouring for the return of excise duty, a policy abolished in 1993, on soft drinks –...
Nigerian capital market investors pocketed N240 billion at the close of business on Wednesday. This followed the rise in the equity capitalization from N23.18 trillion to...
Within twelve months of 2021, the total value of the cryptocurrency market jumped 64.57 percent, as trade among investors deepened despite government sanctions in Nigeria and...
Over $4.9 billion was attracted by Africa as investment deals, and Nigeria accounted for the lion share compared to funds received by other countries on the...
Investors at the Nigerian capital market gained N1.35 trillion during the resumption of trading activities at the bourse on Tuesday. This followed the rise in equity...
Former World Bank consultant and economist, Doyin Salami, has been appointed as Chief Economic Adviser to the President (CEAP), Muhammadu Buhari. Salami, who currently heads the...
The Nigeria Customs Service (NCS) Lagos University Teaching Hospital (LUTH) Nigeria Ports Authority (NPA), Nigerian Immigration Service (NIS) and eleven other MDAs failed to remit N127.13...
Nigerian households, Small and Medium-sized Enterprises (SMEs) will have increased access to financial support from the Central Bank of Nigeria (CBN) in 2022, governor, Godwin Emefiele,...
The Securities and Exchange Commission (SEC) has warned Nigerians against investing in FinAfrica Investment Limited and Poyoyo Investment Nigeria Limited (PILVEST). SEC in a statement issued...
Cardano, a proof-of-stake blockchain platform, has revealed plans to double down on African market, making loans available to Africans through decentralised finance (Defi). According to the...
Ethereum fell 16.95 percent below it’s All-Time High (ATH) early Tuesday, as the cryptocurrency continued to struggle to top its last milestone amid low confidence among...
The Shippers Association of Lagos (SAL) said on Monday the cost of doing business has increased by 1,900 percent over time as traders groan under process...
Christmas period wasn’t all fun for shareholders of First Bank Nigeria Holdings (FBN Holdings) after their investment in the lender dwindled 5.73 percent within five days...
Investors at the Nigerian stock market traded 965.061 million shares worth N12.455 billion in 14,802 deals this week. This was in contrast to the 1.317 billion...
The Nigerian capital market rebounded from two consecutive losses following the rise in equity capitalization by 0.07 percent on Friday. The equity capitalization rose by N16.8...
Bitcoin and Ethereum finally made their way out of the three weeks dip as the cryptocurrency market headed into Christmas period this weekend, with the two...
An undisclosed number of Arik Air pilots have been sacked by the management of the company for alleged gross acts of indiscipline, following an unplanned strike...
Seplat Energy has terminated the appointment of Austin Avuru from the company’s board of directors, more than a year after he retired from his Chief Executive...
The chairman of Flutterwave, Tunde Lemo, has acquired the majority stake in Union Bank after substantial shareholders exited their investment from the Nigerian lender. Lemo bought...
Shareholders of MTN Nigeria lost -1.34 percent of their investment in the telecommunications company on Wednesday, as its share closed negative in the capital market. MTN...
Investors at the Nigerian stock market lost N75.34 billion following the slump in the bourse’s equity capitalization by 0.34 percent on Wednesday. Sell pressure knocked down...
Following the approval of the 5 Generation spectrum to MTN Nigeria and Mafab Communication, the world’s two biggest plane makers, Boeing and Airbus, have warned against...
Twitter founder, Jack Dorsey, has made a huge projection about bitcoin’s future against the United States’ currency, dollar, during an exchange with American rapper, Cardi B....
Investors at the Nigerian capital market lost N3.20 billion following the dip in equity capitalization by 0.01 percent at the close of trading on Tuesday. The...
Meta, formerly known as Facebook Inc., is going after individuals operating phishing accounts on Mark Zuckerberg’s social media platforms, Facebook, Messenger, Instagram and WhatsApp. Users of...
Cryptocurrency is not banned in the United States, but the U.S government has been tough on illegal activities in the crypto market, confiscating these digital assets...
Kenyan businessman, Ricardo Badoer, has been roped into a cryptocurrency fraud allegation following faceoff with persons who invested in his crypto asset, Aidos Kuneen. It was...
The Federal Executive Council (FEC) has approved the Nigerian startup bill drafted by the tech industry. The bill proposes the government creates the Startup Investment Seed...
The Nigerian capital market recovered from the previous day’s loss to post a 0.09 percent rise in equity capitalization at the close of trading on Wednesday....
Chaka Technologies, a tech-enabled investment exchange, will be refunding subscribers to the MTN Group primary share offer, following an oversubscription within two weeks. Ripples Nigeria had...
Bitcoin could become worthless, the Bank of England has warned amid declining rate of the cryptocurrency which has seen BTC value drop by 30.07 percent since...
The Nigerian stock market slipped back into the negative territory on Tuesday following the crash in equity capitalization by 0.22 percent at the close of the...
The United Arab Emirates (UAE) has shifted ground following a tit for tat situation with the Nigerian government over air travel slots allocated to Nigerian airline,...
Shareholders of MTN Nigeria, including the telecommunications company’s Chief Executive Officer, Karl Toriola, made a whooping N250.36 billion as its stock offer comes to an end...
Investors at the Nigerian capital market pocketed N275.5 billion as the bourse continued its resurgence on Monday. This followed the rise in equity capitalization by 1.26...
Bitcoin hodlers [holders] are heading into Christmas period with a loss as investment support from El Salvador, Michael Saylor and other whales failed to patch the...
Investors traded 2.630 billion shares worth N26.90 billion in 20,848 deals on the floor of the Nigerian capital market this week. This surpassed the 1.278 billion...
Friday’s trading ended with the Nigerian bourse rising by 0.47 percent, to add N103.18 billion to shareholders’ total investment in the capital market. This lifts the...
Billionaire, Femi Otedola, has reportedly increased his stake at First Bank Nigeria (FBN) Holdings, putting an end to his ownership tussle with Tunde Hassan-Odukale, amid high...
Sell off among shareholders on Thursday cost the capital market N391.31 billion, depleting the bouse value by 1.76 percent. The gain reported on Wednesday was wiped...
The inability of Kann Consortium to service its debt owed to United Bank of Africa (UBA) has led the creditor to takeover Abuja Electricity Distribution Company...