One of the largest cryptocurrency heists was performed on Wednesday following the loss of over $600 million worth of crypto to unknown hackers. The hacker stated...
On Monday, the Federal High Court ruled that the collection of value added tax (VAT) sales taxes, education tax and levies by any Federal Government agent...
The Federal Inland Revenue Service (FIRS) has been ordered to stop demanding and collecting value-added tax (VAT) and personal income tax (PIT) across Nigeria. A federal...
Nigeria’s Securities and Exchange Commission (SEC) said it had won its court case against capital investments firm, Bara Finance & Investment. SEC had sued Bara Finance...
As the capital market sets to enter a new week, Africa Prudential stock is in a bearish state, and it will be carrying a red flag...
The stock market surpassed last week’s investments of 1.930 billion shares valued at N20.656 billion, which was exchanged in 24,687 deals. In a market report for...
The multi-national integrated oil and gas company, TotalEnergies Nigeria, and four firms in the sector paid a combined sum of N711.3 million as rents on office...
Oil and gas company, Seplat Energy Plc, has over N22 billion in Nigerian commercial banks that it can’t access amid a debt profile of about $700 million. Both...
Bitcoin holders pocketed $32.26 billion on Monday following a 4.38 percent rise in their investment in the most popular cryptocurrency. Three months after Tesla founder, Elon...
Like its industry rivals, MRS Oil Nigeria is recovering from the COVID-19 pandemic that knocked revenue into the sector down in the First Half of last...
The First Half [H1] of 2021 is cost saving season for Conoil management, as the board took a pay cut amid rising expenses on production of...
Nigeria remains the top revenue source for telecommunications company, Airtel Africa, as earnings from the market surpasses that of its East Africa turnover. In its financials...
The $300 million capital expected to be raised by Airtel Mobile Commerce BV (AMC BV), will be taken over by its parent company, Airtel Africa, amid...
Speculations have been making the rounds that commercial banks intend to target domiciliary accounts of customers in order to have access to more foreign exchange. There...
The Nigerian National Petroleum Corporation (NNPC) continues to post operational loss on the three refineries it manages on behalf of the government. NNPC operates Kaduna Refining...
International Breweries recorded a profit after tax loss of N11.30 billion in the second quarter of this year as the cost of production eats into the...
The Nigerian stock market reported a boost in investment this week, recording a total turnover of 1.374 billion shares in 22,982 deals worth N11.823 billion. This...
Airtel Africa’s controlling stake in its mobile money business, Airtel Mobile Commerce BV (AMC BV), will be cut down following a deal with the Qatar Holding...
Women empowered businesses and local enterprises involved in agribusiness, manufacturing, health care, and renewable energy will have access to long term funding from First City Monument...
Nigeria’s retail lender, Unity Bank Plc has declared half-year result posting gross earnings of 23.6 billion Naira, which is a 3% increase compared with the corresponding...
COVID-19 is not totally done with Chemical and Allied Products (CAP) as the company continues to lose a chunk of its profit to the pandemic which...
Seplat ended the second quarter of the year on a high following a 65.8 percent rise in revenue generated during the three months of April to...
Nigeria’s commercial city, Lagos State, is losing its appeal among global investors interested in doing business in Africa’s largest economy. According to investment data compiled by...
NICON Insurance Limited and the Nigeria Reinsurance Corporation (Nigeria Re) owned by businessman Jimoh Ibrahim, has been taken over by the Asset Management Corporation of Nigeria...
Amazon has shutdown reports that it intends to accept bitcoin as a form of payment by the end of the year, stating that the ecommerce giant...
The host of the Big Brother Naija reality show, Ebuka Obi-Uchendu, on Sunday unveiled 11 additional housemates during the second premiere of the Shine Ya Eyes...
Wema Bank has appointed former Ogun State deputy governor, Olusegun Adesegun as a non-executive director amidst declining customer deposits and earnings. In a letter dated July...
The stock market recorded less investment this week compared to what was traded last week due to a two days Eid el-Kabir break between Tuesday and...
Twitter has released details of its second quarter financial results, and it shows the social media platform’s earnings within three months rose by 74 percent. Between...
Standard Alliance and Nigerian Insurers Association (NIA) are at loggerheads following the suspension of the company from the group. NIA suspended Standard Alliance, Industrial and General...
Blue Origin founder, Jeff Bezos, lost a whopping N492.93 billion ($1.2 billion) from his wealth on Monday, just 24 hours before he began his space expedition....
Food and beverage company, Unilever Nigeria, has concluded plans to reduce its presence in the Nigerian market. In a financial statement for H1 2021, Unilever said...
The founder of hospitality business, Cubana Nightclub, Obinna Iyiegbu, and Nollywood actor, Kanayo O Kanayo, risk six months in prison after breaching the Central Bank of...
Veteran Nollywood actress, Rita Edochie has stated in her Instagram comment section that Biafra will eventually attain independence and become the best in the world under...
The Board of Directors of First City Monument Bank Limited have announced the appointment of Mrs. Oluwatoyin Olaiya as Executive Director, Risk & Compliance. This, according...
Guaranty Trust Holding Company (GTCO) investors have lost N2.94 billion as the company’s stock value dropped with just 24 hours to its complete restructuring. Ripples Nigeria...
As Amazon founder, Jeff Bezos, prepares for his trip to space, more people have signed the petition against his return to the Earth. Bezos is expected...
Virgin Atlantic founder, Richard Branson, has become the first billionaire to travel to space after beating the world’s richest person, Jeff Bezos, to the feat on...
The Chairman of BUA Cement, Abdul Samad Rabiu, has defended the high cost of Cement in Nigeria following reports that the manufacturer increased cost. Rabiu said...
The House of Representatives and Senate have disagreed over the approval of another loan for President Muhammadu Buhari’s administration. President Buhari had sought approval for the...
Payment company, Visa, recorded massive cryptocurrency transactions on its platform in the first half of 2021, a period bitcoin hit its biggest milestone. In the last...
Chellarams Plc risked a N9 million fine by the Nigerian Stock Exchange (NSE) after external auditors hired by the food and beverages company failed to produce...
A few days after a meltdown projection by global investment bank, JPMorgan Chase, Bitcoin rallied to prove the bank’s analysts wrong. Analysts at the American bank...
The market value of BOC Gases Nigeria Limited has crashed by 18.9 percent just one week after the company approved its Audited Financial Statements for the...
Members of the House of Representatives were on Thursday divided over the recommendations on the ban of the social media platform, Twitter, since it was first...
The hype around bitcoin is dropping, and this is affecting demands and price of the most popular cryptocurrency. This was reflected in the decline of active...
The Bank of Industry (BoI) has denied granting unsecured loans, saying 93 percent of the credits issued are backed with guarantees. In a statement issued on...
The underdog in cryptocurrency market, Dogecoin, has now become more valuable than Nigerian stock market, which is the biggest investment market within the country. Since January,...
Many have seen the demolished building, but not many know the circumstances that led to the teardown of the about N3 billion property owned by Lagos-based...
In a country like Nigeria where consumer protection is weak, shrinkflation thrives, with regulators unlooking as Fast Moving Consumer Goods companies rob their customers legally. Shrinkflation...