Business

Patrice Motsepe, the visionary founder of African Rainbow Minerals (ARM), continues to leave an indelible mark on the African business landscape.…

In the past six years, Italian-Nigerian billionaire, Gabriele Volpi, and his son, Matteo, have been locked in an unusual, bitter, multi-jurisdictional and protracted legal battle that has torn the family…

Hyundai Motor has unveiled six new nanotechnologies, including a surface-coating technique designed to remove scratches on car surfaces or water from camera glasses. Unlike normal chemical reactions, which are…

The federal government has revealed that it will, in the coming days, streamline its taxes from 52 to 10 in order to promote efficiency…

Elon Musk said on Sunday that he was looking to change Twitter’s logo. In a post on his verified Twitter account, the microblogging site’s boss wrote, “And soon we shall bid adieu to the Twitter brand and,…

Production of one of Nigeria’s leading beer brands, Harp Lager beer, has been stopped for over four years, leaving some ardent customers yearning for its return.  Introduced in 1974 and once a dominant force…

As of last Friday, Nigeria’s official exchange rate is facing a significant divergence from parallel market rates, inching close to N100/$. The I & E FX window closed at N777.82/$, while BDC and P2P prices…

There is no end in sight to the continued spike in international fares as Nigerian travellers to other parts of the world pay more than three times higher than what their counterparts in neighbouring countries pay on…

Delta State chapter of the Poultry Association of Nigeria (PAN) has said that over 600 poultry farms in the state are in the verge of… Delta State chapter of the Poultry Association of Nigeria (PAN) has said that over…

The Federal Government’s subsidy to the electricity sector has fallen by about 80 percent between 2019 and 2022 an analysis of the sector regulator’s latest report…

Nigeria’s International electricity customers-Togo, Benin and Niger failed to remit $18.29 million for electricity consumed, as total…

Meta’s Chief Executive Officer, Mark Zuckerberg, has seen a staggering surge in his net worth, amounting to an impressive $64.5 billion. According to estimations by Bloomberg, the 39-year-old billionaire’s fortune now…

Ecobank Nigeria Limited has lodged an appeal against the ruling of the Federal High Court, Lagos, delivered by Hon. Justice M. Liman, in the N72…

The Federal Government, through the Federal Competition and Consumer Protection Commission (FCCPC), has declared that it will release a list of illegal and unregistered online loan apps operating in Nigeria. The…

The exchange rate between the naira and the US dollar closed at N768.16 per dollar at the official Investor and Exporters window on Thursday, 20th July 2023.  This represents a 3.22% appreciation against the US…

A recent survey conducted by Nairametrics following President Bola Tinubu’s announcement on May 29 declaring an end to fuel subsidies has revealed a notable decline in the sales of gasoline generator sets in…

Data from the NGX trading session reveal about 961.5 million shares of UBA were traded on Thursday, July 20th. This was an abnormally high trade for a banking stock catching the interest of Nairametrics analysts.…

Kuda – the money app for Africans has passed the six-million customer milestone in Nigeria, extending its corporate mandate of making financial services more accessible, affordable, and rewarding to all Africans. Since…

As part of efforts to grow the gas market and make cooking gas accessible and affordable to consumers, the Nigerian National Petroleum Company…

As part of efforts to grow the gas market and make cooking gas accessible and affordable to consumers, the Nigerian National Petroleum Company (NNPC) Limited and UTM Offshore Limited has signed the Heads of Terms…

Africa’s Richest Man, Alhaji Aliko Dangote has replied Nigerians over insinuations that his Newly Commissioned…

The exchange rate between the naira and dollar plunged to N888/$1 on Binance a crypto platform. This depreciation comes despite a temporary convergence achieved through the Central Bank of Nigeria’s (CBN) recent…

The Independent Petroleum Marketers Association of Nigeria, IPMAN, has said the fuel hike mostly hits them as sales have been reduced by 50 per cent. IPMAN’s Chairman in Enugu depot, Chinedu Anyaso, noted that the…

Ride-hailing drivers in Nigeria, operating under the umbrella of the Amalgamated Union of App-Based Transport Workers of Nigeria (AUATWON), are urging the Federal Government to reconsider the removal of fuel…