Business

The Federal Government on Thursday said it was putting measures in place to ensure further reduction in the cost of Liquefied Petroleum Gas, popularly called cooking gas. It disclosed this…

First Bank of Nigeria Limited has  announced the appointment of Olusegun Alebiosu, Oluwatosin Adewuyi and Ini Ebong to its board as executive directors. Their appointments are however…

Forrest Li, Chairman and Chief Executive officer of Sea Ltd recently lost a huge chunk of his fortune. Li lost about $10 billion of his fortune since the American depositary receipts of the…

The United Kingdom has abolished the requirement for a negative PCR result to enter the country dealing a blow to Covid testing firms in Nigeria. The British Prime Minister announced the new…

The amount of foreign exchange that entered Nigeria in the third quarter of 2021 increased by 64% to $30.18 billion, up from $18.4 billion in the previous quarter. In the review period,…

The Manufacturers Association of Nigeria (MAN) has kicked against the Federal Government imposed excise duty on all non-alcoholic and carbonated beverages. Mr Segun Ajayi-Kadir, the…

As part of its promise to reward the school that produces the winner of the Maltina Teacher of the Year Competition, Nigerian Breweries Plc, the foremost brewing company in Nigeria recently…

The federal government has introduced an excise duty of N10 per litre on all non-alcoholic, carbonated and sweetened beverages. Excise duty is a form of tax imposed on the production,…

Canadian firm BlackBerry Ltd said it will take steps to decommission legacy services for its 10 and OS operating systems, adding that devices running on them will no longer “reliably…

The Asset Management Corporation of Nigeria is set to publish the names of 7,912 debtors owing it a total of N4.4tn, it has been learnt. The move follows the expiration of the 30-day…

The Area 11 command of the Nigeria Customs Service (NCS) in Onne Port, River state, says it generated N188.64 billion revenue in 2021. Ifeoma Ojekwu, public relations…

PiggyVest, a savings and investment platform, says over N242 billion was paid to 3.5 million customers in 2021. Somto Ifezua, chief executive officer, PiggyVest, disclosed this in a newsletter…

Apple Inc. yesterday became the first company with a $3 trillion stock market value, lifted by investors’ confidence that the iPhone maker will keep launching best-selling products as it explores…

Crude oil market started on a positive note in 2022, rising by 0.72 percent ($78.34 per barrel) ahead of Tuesday’s Organization of Petroleum Exporting Countries (OPEC+)…

A total of $3.53bn has been paid by the Federal Government to five international oil companies as cash call arrears repayment to the IOCs, leaving an outstanding balance of $1.15bn.…

Oil prices fell at the weekend but still posted the biggest annual gains since 2009, spurred by the global economic recovery from the COVID-19 pandemic and producers’ restraint.…

Nigeria tops the list of African countries that benefitted from the $5 billion raised by Africa’s technology start-ups in 2021 as investors from the United States and China piled into…

Norrenberger Advisory Partners Limited has acquired a 100 per cent equity interest in International Energy Insurance Company Plc, IEI has announced in a note to the Nigeria Exchange…

In 2022 all eyes will be on many Nigerian businessmen and corporate organisations whose decisions in the preceding year will greatly impact the country The year 2021 saw major mergers…

Nigerian naira tumbled to N435 against the dollar at the official market on Friday. This is coming as the Central Bank of Nigeria (CBN) adjusted the country’s exchange rate on its website to…

It was another recognition for Nigeria’s first fully digital bank, ALAT by Wema, as it bagged the ‘Most Outstanding Digital Bank Brand of the Year Award’ at the 2021 Brandcom Awards. The Brandcom Awards celebrates and honours…

The Estate of Late The Ide Ahaba of Asaba, Chief Sonny Odogwu has faulted media reports on his N50 billion indebtedness to Access Bank, and the state of his Ikoyi, Lagos property being…

Elon Musk, the billionaire founder of Tesla Inc., has sold another 934,090 shares in the electric vehicle manufacturer for $1.2 billion. This is coming a week after Musk confirmed that…

Apple is preparing to bring its new iPhone models without a physical SIM card slot starting September 2022, according to a report. The iPhone models in question would instead include…