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Business
Cristiano Ronaldo Is Now Making £1.7m Per Instagram Post
Superstar footballer, Cristiano Ronaldo , with over 400 million followers on Instagram, is now the most followed person on the social media platform, and it has now been revealed that he…
Valentine: Fidelity Bank set to delight customers with Euphoria Event
Customers of Fidelity Bank are in for a treat this Valentine as the Bank has announced plans to host a delightful evening of music, fun games and delightful experiences for its customers.…
Over N11bn paid for losses suffered during #EndSARS protests, says insurers association
The Nigerian Insurers Association (NIA) says insurers paid over N11 billion as claims for losses suffered during the 2020 #EndSARS protests. Ganiyu Musa, chairman of NIA,…
Jaiz Bank Posts N4.21bn Profit In 2021
Jaiz Bank Plc has released its unaudited financial results for the period ended December 31, 2021. The results as released to the Nigerian Exchange Group showed a 37.2 per cent growth in…
Nissan unveils new Navara pickup, to start assembling in Nigeria
Stallion NMN Limited has introduced made in Africa Nissan Navara brand to Nigerian showrooms, as the company plans to start assembling the new pickup locally from June 2022. Launched in Lagos on Saturday, the new Navara…
GTCO acquires Investment One’s pension, funds management subsidiaries
Guaranty Trust Holding Company Plc (GTCO Plc or the Group), a diversified financial services provider, today notifiedthe Nigerian Exchange Group (NGX) and the investing public that GTCO…
Fidelity Bank Disburses N34Bn in Credit to Boost Rice Value Chain
Fidelity Bank has facilitated the disbursement of over N34 Billion in direct credit to players in the Nigerian rice value chain. The bank’s interventions in recent years…
Unpaid Debt: Fuel Supplier Asks Court To Halt Lagos BRT Operations
Petrocam Trading Nigeria Limited has applied to a Federal High Court in Lagos for the winding-up of Primero Transport Service Limited, the operator of Bus Rapid Transport…
Ethereum eyes $3,500 as ETH price reclaims pandemic-era support with 40 percent rebound
Ethereum’s native token Ether (ETH) looks poised to hit $3,500 in the coming sessions as it reclaimed a historically strong support level on Feb. 5. ETH price rising above its 50-week exponential moving average (50-week EMA;…
Dangote smiles home with N217bn in 8hrs, wealth now 50.23% of Nigeria’s reserves
Aliko Dangote, Africa's richest man in the last 8 hours has raked in N217.5 billion($523M) jumping to become the 91st richest man in the world. According to Bloomberg index, Dangote…
Shell defers expansion work on 225,000bpd Bonga oilfield
In a big hindrance to Nigeria’s hope of raising its poor daily oil production, Shell has said it would delay expansion work at its Nigerian offshore Bonga field by another two years. A report by S&P Global Platts, a…
Apple to debut low cost 5G iPhone March
Apple Inc is targeting a date on or near March 8 to unveil a low-cost 5G iPhone and an updated iPad, Bloomberg News reported on Friday, citing people with knowledge of the matter. According to the report, the new iPhone will be…
Ijaw youths condemn attack on Okomu Oil
The Ijaw Youth Council has condemned the killing of an Okomu Oil worker by gunmen and the destruction of 20 hectares of the company’s rubber plantation in Ovia South-West Local Government Area of Edo. In a press statement on…
Bitcoin surges toward $39,000 as stocks volatility keeps Wall Street on edge
Bitcoin (BTC) kept investors guessing with tech stocks as Wall Street opened on Feb. 4, circling $38,000. After 15% daily gains the day before, Amazon (AMZN) continued its uptrend Friday, jumping 10% at the open, while…
Wall Street Journal owner News Corp suffers cyberattack by hackers linked to China
News Corp, the media company that owns The Wall Street Journal, said in a Friday filing with the Securities and Exchange Commission (SEC) that it was the victim of a cyberattack last month. Its security consultant Mandiant,…
Court Strikes out AMCON’s N8.2bn Suit against Zenith Bank
Justice Inyang Ekwo of the Federal High Court in Abuja has struck out a suit filed by the Asset Management Corporation of Nigeria (AMCON) against Zenith Bank Plc and two others. Justice Ekwo struck out the suit on the grounds…
Airtel Africa posts increased revenue by 21.7%
Airtel Africa Plc has posted revenue growth of 3.49 million dollars for the nine months ended Dec. 31, 2021. This is contained in a statement issued on Friday by the Chief Executive Officer, Mr Segun Ogunsanya, made available…
Mark Zuckerberg Drops To 12th World’s Richest As Net Worth Plunges By $30bn
Facebook founder, Mark Zuckerberg, has dropped to the 12th position on the list of the world’s richest people as his net worth was slashed by nearly $30bn on Thursday. Facebook’s stock took a beating after a poor earnings…
Sam Iwuajoku: The billionaire king of private jet business in Nigeria
For Sam Iwuajoku, the billionaire chairman and chief executive officer of Quits Aviation Services Limited, operators and hosts of ExecuJet facility in Nigeria, it has been a story of…
Facebook’s Meta loses $200b in value
Facebook sees first-ever drop in daily active users as owner Meta takes $200bn share hit Facebook’s parent firm Meta on Thursday lost over $200 billion in stock…
Indian Billionaire Gautam Adani Becomes Asia’s Richest Person
Indian businessman Gautam Adani has become the richest Asian, worth $90.1 billion, according to Forbes’ Real Time Billionaire calculations on Thursday, and the 10th richest person in the…
FULL LIST: Lanre Shittu Motors, Lamb Ranches… 28 beneficiaries of CBN’s ‘100 for 100’ policy
The Central Bank of Nigeria (CBN) has released the list of 28 companies that benefitted from the first cycle of the 100 for 100 policy on production and productivity (PPP). CBN released the list in a document posted on its…
Marketsquare replaces Shoprite at Lagos mall
Purplemaryland has said Marketsquare, a grocery retailer, will open its outlet at the mall following the exit of Shoprite. According to a statement by Purple Group, owners of Purplemaryland, the opening will allow customers…
FG pays fuel transporters N22.7bn bridging claims
The Federal Government has paid bridging claims amounting to N22.7bn to transporters of petroleum products, the Nigerian Midstream and Downstream Petroleum Regulatory Authority has said. The NMDPRA said the government would…