Business

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…

The Securities and Exchange Commission (SEC) has warned the public against dealings with FinAfrica Investment Ltd and Poyoyo Investment. A circular by the management of SEC and published on the commission’s website said the…

In October, The Central Bank of Nigeria (CBN) unveiled the very first Central Bank Digital Currency (CBDC) in Africa with a lot of national and international interest on how well the electronic…

Despite not being a manufacturing hub for production or assemblage of vehicles or aircraft, Nigeria has raked in N100.65bn from the export of airplanes/helicopters to Ghana, analysis of Foreign…

Experts in the telecommunication industry have said the move by the Federal Government to tax social media companies is right because the companies generate commercial revenues from the nation. According to Meta, 7.5 per cent…

Iran previously put a temporary blanket ban on crypto mining amid historically peak periods for power demand in summer. Amid Iran’s energy consumption increasing during the winter, local energy authorities have decided to…

Foreshore Waters Limited (FWL) has secured a N2.4 billion loan facility from the Bank of Industry (BOI) to support the company’s growth and expansion plans. A Director in the company, Christiana Amida in a statement said the…

The Shippers Association of Lagos (SAL) has expressed worry over the scarcity of empty containers to bring cargoes into the country. Jonathan Nicol, president of SAL, disclosed this in an interview with NAN on Monday in…

A joint committee of the Federal Competition and Consumer Protection Commission (FCCPC), CBN and EFCC tackling violation of consumer rights in the money lending industry will soon shut down illegal businesses. Mr Babatunde…

The Centre for the Promotion of Private Enterprise, an economic think tank, has advised the Central Bank of Nigeria to review its ban on some of the over 40 items which the regulator has stopped importers from accessing…

In glad tidings for an orange Christmas, Bitcoin (BTC) supply is drying up to lows not seen for years. In a recent tweet by CryptoRank, just 6.3% of the total Bitcoin supply, or 1.3 million BTC, is held on cryptocurrency…

Oando Plc says it has appointed Ronke Sokefun and Nana Fatima Mede as independent non-executive directors, effective from December 2021. Sokefun also serves as the chairman of the board of directors of the Nigeria Deposit…

On Thursday, a 2-year-old Titan Trust Bank (TTB) acquired an 89.39 percent stake in the 104-year old Union Bank of Nigeria Plc. Players have described the acquisition as a laudable achievement for the newly-established bank.…

The N250 billion sovereign Sukuk whose offer opened on December 16, 2021, closed December 23, with an unprecedented subscription level of over N865 billion. This outcome represents a…

The Board of Seplat Energy Plc has announced the termination of the appointment of Austin Avuru as a Non-Executive Director effective December 22, 2021. The Director, Legal/Company Secretary of Seplat, Edith Onwuchekwa, made…

Shareholders of Union Bank of Nigeria have reached an agreement to divest 89.39 per cent of their stake to Titan Trust Bank Limited (TTB). In a statement to the Nigerian Exchange…

Athletes and politicians made headlines as they opted to get paid in crypto earlier this year. Now, in an attempt to attract a younger workforce, companies are starting to offer crypto salaries. A recent CNBC article…

Despite the People’s Bank of China’s (PBOC) warning on metaverse and nonfungible tokens (NFTs) in November, more than a thousand Chinese companies have submitted thousands of metaverse-related trademark applications. In a…

The Board of Directors of Transcorp Hotels Plc has announced the appointment of Ms Bolanle Onagoruwa as an Independent Non-Executive Director effective Dec. 17. This was contained in a notice by the Company Secretary, Kofo…