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Business
NOVA Merchant Bank appoints directors, promotes staff
NOVA Merchant Bank, a leading merchant bank inNigeria,…
Tiger Nut: Why Nigeria Must Cut A Piece Of $1bn Global Market
Tiger nut, also known as the yellow nutsedge, is the tuber of the cyperusesculentus plant. According to a US Transparency Global Market Research, the market for tiger nut is projected to…
CBN auctions N2.89 trillion NTBs in 7 months, records 39.47% oversubscription
In a bid to help the federal government finance the 2022 budget deficit, the Central Bank of Nigeria (CBN) has auctioned the sum of N2.98trillion through Nigerian Treasury Bills (NTBs) auction in…
Elon Musk gives condition for Twitter deal to go ahead
Elon Musk said his planned $44 billion takeover of Twitter should move forward if the company can confirm some details about how it measures whether user accounts are ‘spam bots’ or real people.…
Pay Access Bank N26bn Judgement Debt – Court Orders Sonny Odogwu’s Estate
Justice Daniel Osiagor of the…
FG Declares Kano Dry Port As ‘Port Of Origin And Destination’
The federal government has declared the Dala Inland Dry Port in Kano State as a port of origin and destination, a major step to making it function like a seaport. The Minister of Transportation,…
Court orders Providus bank to return customer’s N329.4m fraudulently removed
Justice Peter Lifu of the Federal High Court, Lagos has ordered that Providus Bank Limited should transfer back the remaining balance of N329,454,650.28 alleged to have been fraudulently…
Polaris Bank not sold, management debunks fake news
The management of Polaris Bank Limited has debunked a fake news report claiming that the bank has been sold to an in-law of former military president, Ibrahim Babangida. In a statement on Friday,…
Analyst Says Tesla Stock Overvalued, Could Dip Over 50%
Tesla stock is inflated and could…
Adidas Sees Decline In Profits In Q2
German sportswear maker, Adidas AG, said its second…
MTN Nigeria Begins Home Broadband Services
In its bid to accelerate broadband penetration in alignment with the Federal Government’s plan to achieve over 70% broadband penetration by 2025, MTN Nigeria Communications PLC., has announced the…
Elon Musk making up excuses to breach buyout deal, says Twitter
Twitter on Thursday said the notion Elon Musk was “hoodwinked” into inking a $44 billion buyout deal defies reason and the facts. In a filing, Twitter rejected counterclaims made by Musk as he…
FG to generate N160bn from call, data taxes
The Federal Government will generate about N160.46bn from excise duty on telecommunication services in 2023. According to the Nigerian Communications Commission, the combined revenue of operators in the…
House prices in UK fall first time since 2021
House prices in Britain fell the first time in more than a year in July in monthly terms and the market is likely to weaken further as interest rates go up and the cost-of-living squeeze tightens,…
NLNG Suffers $7bn Year-to-Date Revenue Loss Due to Gas Supply Shortages
The security challenge facing oil and gas companies in the country is having a heavy toll on the production and revenues of the Nigeria Liquefied Natural Gas (NLNG) Limited as it has resulted to…
Allegation of dud cheque, forgery against our bank, MD baseless – Wema Bank
Wema Bank Plc on Wednesday said allegations of dud cheque and forgery leveled against the bank and its Managing Director, Ademola Adebise are baseless and untrue. The bank also said that the warrant…
Ogun’ll become Nigeria’s Silicon Valley soon — Pantami
THE Minister of Communications and Digital Economy, Prof. Isa Ali Pantami, yesterday, predicted that Ogun State would emerge as Nigeria’s Silicon Valley soon. Pantami said this when he and members of the…
Oil theft responsible for Naira fall, economic woes — Shell
SHELL Petroleum Development Company, SPDC, yesterday, blamed Nigeria’s economic woes, including the free fall of the Naira value and high cost of living on unabated oil theft and assets vandalism.…
LOCAL CONTENT POLICY: Pantami spits fire, bans importation of some telecom equipment’s
….NCC identifies 72 action points to implement Policy The Minister of Communications and Digital Economy, Prof Isa Pantami and his counterpart at the NCC, Prof Umar Danbatta are on the same page in implementing the ban on certain…
Airbnb reports soaring revenue as travel rebounds
Airbnb said Tuesday revenue in the recently ended quarter topped $2 billion…
Naira strengthens to N665/$ at parallel market — days after EFCC raided BDC hub
The naira, on Tuesday, sustained its momentum at the parallel market,…
How income from insurance claims drove BUA’s earnings to 4-year high
BUA Cement, Nigeria’s second-largest cement…