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Business
22 Hospitality Limited buys Sheraton’s parent company, Capital Hotels
22 Hospitality Limited…
CIBN, PAPSS sign MoU to resolve payments-related barriers in continental trade
The leadership of the Chartered Institute of Bankers of Nigeria…
We recorded 8m barrels of oil production losses in July – NNPC
The Nigerian National Petroleum Company (NNPC)…
King Charles III coins to enter circulation, replace Queen Elizabeth’s – Royal Mint
The Royal Mint has announced that coins featuring the portrait of King Charles III will enter circulation in the United Kingdom, replacing his mother, the late Queen Elizabeth II, to become…
Apple makes iPhone 14 in India in shift from China
Apple says it has started making its iPhone 14 in India as it diversifies its supply chains away from China. The company makes most of its phones in China but has shifted some production…
Almost $1 million in crypto stolen from vanity address exploit
Hacks and exploits continue to plague the decentralized finance (DeFi) sector as another vanity wallet address joins the roster of DeFi victims that collectively lost more than $1.6 billion in 2022. In…
Pound hits 50-year low against dollar as UK mulls further tax cuts
The British pound reached an all-time low against the US dollar on Monday. The development is coming less than a week since the pound to $1.13 — its lowest level since 1985 — before regaining…
Access to 25% of retirement savings ‘ll bridge housing deficits — MBAN
THE Mortgage Bankers Association of Nigeria, MBAN, on Sunday said that the federal government’s approval of the guidelines, which allows pension funds account holders to access 25 per cent of…
Musician sues Airtel for N350 million over copyright breach
Musician Veno Marioghae-Mbanefo on Friday prayed a Federal High Court to declare as unlawful, alleged unauthorised use of her 1985 hit song – Nigeria Go Survive – by Airtel Nig. Ltd. Ms…
Rate hikes may trigger recession, W’Bank warns FG
The World Bank Group has warned Nigeria as well as other developing economies that simultaneous…
Stop contracting consultants to collect FG taxes…. It’s our duty – FIRS
The Federal Inland Revenue…
Why we can’t implement pay-per-view for DStv, GOtv – Multichoice
MultiChoice, owners of and GOtv, subscription-based platforms, says it cannot implement the pay-per-view (PPV) model for its services because it is expensive. Appearing before an ad hoc committee…
131-carat diamond discovered in northeastern Angola
A 131-carat diamond was uncovered from the Lulo mine, a 3,000 square km concession in Angola’s Lunda Norte diamond heartland. The country’s state-owned diamond company Endiama announced this on…
Motorcycle ban hits traders, imports crash by 36%
Traders are hard hit by the ban of motorcycles in several states and the threat by the Federal Government to outlaw commercial motorcycles, popularly called “Okada.” Motorcycle imports into…
Pound hits 37-year low against dollar after Putin’s military mobilisation threat
The British pound on…
Nigeria’s Power Sector Faces 80% Metering Gap – Mojec GMD
The Group Managing Director of Mojec…