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Adidas reduces profit forecast after split from Kanye
German sportswear giant Adidas slashed its earnings forecast on Wednesday, saying the end of its partnership with rapper Kanye West would cut this year’s net income in half. The group now expects a net profit from continuing operations…
LCCI hails Dangote on the provision of infrastructure, job creation
Dangote Industries Limited sustained efforts at…
BREAKING: Meta lay offs over 11,000 employees
Meta has sacked more than 11,000 of its employees, representing 13 percent of it’s total workforce. Mark Zuckerberg has announced the…
Musk sells almost $4bn of Tesla shares
Tesla boss Elon Musk has sold another 19.5 million shares of the electric car maker worth $3.95bn (£3.4bn), filings with the US financial watchdog show. The news comes less than two…
Withdrawals and deposits into Binance now acceptable in naira
Binance, the world’s biggest cryptocurrency exchange firm, announced on Monday, November 7, 2022, that it now allows naira deposits and withdrawals. To this end, Nigerian traders…
Banks customers appeal for deadline extension to return old notes
The Bank Customers Association of Nigeria, BCAN, has appealed to the Central Bank of Nigeria, CBN, to extend the deadline for returning of the old notes, as the nation gear up for the…
Facebook parent Meta plans layoffs – Report
Facebook-parent Meta will become the latest tech firm to scale back its workforce, with plans to layoff thousands of employees this week, the United States media reported Sunday. The Wall…
Twitter Confirms Users’ Fee To Buy Verification
Twitter has confirmed plans to allow users to buy blue-tick verified status. In an update for Apple devices, the company said the feature would be open to users in certain countries…
Former Twitter CEO Launches New Social Media Platform
Jack Dorsey, Twitter founder and former CEO, has launched a new social media platform, ‘Bluesky’. This is coming barely a week after a business magnate and investor, Elon Musk, acquired…
No Twitter jobs for Nigeria as Musk cuts jobs in Africa
Elon Musk’s plan to cut jobs at Twitter by half will affect workers in Africa, sources have told BusinessDay. It may also put an end to expectations by the Nigerian government that Twitter…
Export Trade: FCMB Rallies Operators To Diversify And Stimulate The Economy
Nigeria's vast non-oil endowment must be urgently leveraged to diversify and expand…
Emirates Airline suspends flight operations to Nigeria over trapped funds
Emirates Airline has…