Business

MTN Nigeria informed the Nigeria Exchange Group today that it has received a final approval from the Central Bank of Nigeria to operate Momo Payment Service Bank Ltd. In a corporate disclosure, filed by company…

Elon Musk is no longer joining the board of Twitter, the CEO of the social media company said late Sunday, in a reversal less than a week after announcing the Tesla chief would be appointed. Musk was named to…

Market watchers have been struck recently by the strong rebound of Russia's national currency, the ruble, after international sanctions only lead to a temporary weakening of its valuation. Despite stepped up…

A news website recently posted that the Nigerian Customs Service had reduced tariff on imported vehicles popularly known as “tokunbo.” The story was also shared on Facebook with the caption, “FG reduces Customs…

The Nigeria Customs Service (NCS) says duty payable on imported cars has been reduced from 35 percent to 20 percent. Timi Bomodi, the spokesman for NCS, confirmed the development to TheCable in a chat on…

The Central Bank of Nigeria (CBN) says it will begin the payment of N65 forex rebate to exporters who sold their goods through…

Shareholders of Guaranty Trust Holding Company (GTCO) have unanimously endorsed the payment of a total dividend of N3 per share for the financial year ended Dec. 31, 2021. They gave the endorsement at the holding…

Nigeria Customs Service (NCS) Apapa Area Command said that it generated over N264.5 billion as revenue in the first quarter…

Following the macro economic volatilities and high cost of production, the prices of Star, Gulder lager beers and other…

Mike Adenuga, chairman of Globacom, a telecommunication company in Nigeria, has seen his wealth grow to $7.3 billion from $6.1 billion in 2021. The 68-year-old business tycoon is the second richest African and No…

The Bank of Ghana has issued a directive banning the pricing, advertising, receipting or…

Airbus has delivered 1,376 units of aircraft between January 2020 and December 2021, dwartfing Boeing’s 466 deliveries for that period, according to Finbold. Airbus took advantage of the recent challenges around…

Towards enhancing agriculture and creation of jobs, Dangote Fertiliser Limited is to train over one million farmers in the…

President Muhammadu Buhari has received a report on the review of the vertical revenue allocation formula…

Shareholders of Zenith Bank Plc have unanimously approved the bank’s proposed final dividend, expressing delight at the final dividend payment of N2.80 per share which brings the total payout for the 2021 financial…

Forbes has profiled Tope Awotona, the 40-year-old founder and chief executive of $3 billion worth Calendly, a meeting scheduling platform. Nine years ago, Awotona started Calendly, pouring his life savings of…

•As volume of PoS transactions falls The value of transactions performed through electronic payment channels rose…

Several investors and business managers have begun to scale down operations in response to the rising energy cost that has worsened the harsh operating…

Elon Musk will join Twitter’s board of directors, the social network’s chief executive announced Tuesday, a day after the Tesla boss bought a major stake in the company and became its largest shareholder. “I’m…

The Russian President, Vladimir Putin, Thursday, issued a decree demanding payment for the natural gas in rubles, a demand apparently intended to help bolster his country’s currency.  However, European leaders…

The Ports Terminal Multiservices Limited (PTML) command of the Nigeria Customs Service (NCS), on Tuesday, said it generated a…

The Debt Management Office (DMO) says it has offered two federal government of Nigeria (FGN) savings bonds for subscription at…

The Federal Government of Nigeria has served supplementary orders to Apple’s Appstore and Google Play Store to take down more loan apps.…

Former Minister of Finance, Mrs. Kemi Adeosun, has explained that the Dash Me Foundation and its online thrift-for-charity initiative known as Dash Me Store were…