Business

Nigerian banks are finding out the hard way that the grass is not always greener on the other side as the country’s biggest banks are incurring billion-naira impairment costs from their investments in Ghanaian bonds due to…

The Central Bank of Nigeria (CBN) has assured Nigerians of the safety of their money in banks through the operation of the e-naira. taken its e-Naria digital currency policy sensitisation to the community…

Rising inflation in Africa’s biggest economy is putting the prices of new and used imported vehicles, popularly known as ‘Tokunbo’ cars, out of reach for millions of Nigerians, especially low-income earners.…

Despite deploying several measures to ensure ticket sales are collected in dollars, airlines’ trapped funds in Nigeria have continued to rise. Airlines trapped funds in Nigeria saw a sharp rise from $744 million in March…

threatens to shutdown sales outlets nationwide The National Association of Nigerian Students, South-west Zone, has given MultiChoice Nigeria, a seven-day…

DSTV, GOTV MultiChoice Nigeria has announced an increase in its DStv and GOtv subscription rates, citing Nigeria’s current economic challenges for increasing its subscription rates. “Due to the various economic…

The Nigerian naira, on Wednesday, weakened to N740 per dollar at the parallel section of the foreign exchange (FX) market. The figure represents a depreciation of N3 or 0.4 percent compared to the two weeks ago. Bureaux…

The accumulated debt from Unstructured Supplementary Service Data which Deposit Money Banks owe telecommunication firms has risen to over N100bn.…

Google parent company Alphabet beat market expectations in the first quarter of 2023 with a net profit of $15 billion, the company said on Tuesday, in a sign that the search engine behemoth is regaining its footing. The…

Bank of Industry group total assets crossed the ₦2 trillion mark in 2022 to ₦2.38 trillion, indicating a 39.2 percent growth when compared with the preceding year. This significant leap was achieved following the…

Sundar Pichai, the CEO of Google and Google's parent company Alphabet, made nearly $226 million in 2022, according to a new…

The chair of Lagos-listed Geregu Power Plc, Femi Otedola, has upped his interest in the conglomerate Transnational Corporation…

Nigerian business mogul and billionaire, Femi Otedola, has continued to strengthen his stake in Transnational Corporation plc, Transcorp, one of…

Ijora-Badia, one of Lagos’ under-served but high-density areas, was home to many industries such as Michelin Tyres, Total, and Mitsubishi Motors in its heyday. A short drive away from Nigeria’s premier port city Apapa,…

collapsed building On top of rising building materials costs, high-interest rates and low demand, investors are now taking a hit from frequent building collapse that has raised the risk profiles of buildings, especially…

The Lagos airwaves is agog with the news of the completion of the Lekki seaport. The Lagos state government sees it as the ultimate solution to the perpetual Apapa gridlock. Similarly, the 650, 000 barrel per day Dangote…

In the past, Nigerians have suffered losses over failure to export their farm produce, but that narrative has changed as many agricultural produce now receive a boost with exportation to countries in Europe, America, Asia as…

Twitter’s blue ticks were reinstated on some media, celebrity, and other high profile accounts Saturday — a move protested by many of the recipients. Once a free sign of authenticity and fame, blue ticks must now be…

The latest telecommunications data released by the National Bureau of Statistics (NBS) has revealed that three states, Lagos, Ogun, and…

Civil society and good governance advocacy organisation, Make a Difference Initiative (MADI), has dismissed the claims by Seplat Energy PLC that the Federal…

The new naira notes introduced by the Central Bank of Nigeria (CBN) in the wake of its now voided naira redesign policy have become scarce despite the increase in currency circulation from N982.09 billion in February to N1.6…

Jack Dorsey, the co-founder and ex-CEO of Twitter, has launched an alternative micro-blogging site available only on Android devices for now. The alternative platform, Bluesky, promises to be a future-thinking “social…

The federal government, on April 5, 2023, announced that it secured the sum of $800 million from the World Bank as part of its post-subsidy palliatives scheme. Reiterating the government’s decision to proceed with the…

Nigerian singer and business mogul, Oluwatosin Ajibade, popularly known as Mr Eazi has sold Vydia, the portfolio company of his venture capital fund, Zagadat Capital, for $1 billion. The digital audio and video…