Browsing Category
Business
AFRICA’S BIGGEST FOOD AND DRINK FESTIVAL IS BACK! … 2022 GTCO FOOD AND DRINK FESTIVAL
Guaranty Trust Holding Company Plc (GTCO Plc), is set to continue its long-running showpiece event– The Food…
Rahamaniyya Group denies operating six oil refineries in Europe, Middle East
The Group Managing Director and Chief Executive Officer of the Rahamaniyya Group, AbdulRahman Bashir has denied operating six oil refineries across Europe and the Middle East. In a statement issued Tuesday by the…
Petrol subsidy to cross N300bn as NNPC again delivers ZERO FAAC remittance
The costly petroleum subsidy bill may cross N300 billion next month as the landing cost of importing fuel skyrocketed amid the…
Elon Musk opens Tesla’s gigafactory in Germany
Elon Musk was cheered as he oversaw the handover of Tesla’s first German-made cars at its Gruenheide plant on Tuesday. The opening marked the start of the U.S. automaker’s inaugural European hub just two years…
Fintechs & Merchants Laud Fidelity Bank for New Digital Payment Solution
Leading Nigerian bank, Fidelity Bank Plc, has been commended for simplifying digital payments and the customer…
Dangote’s urea fertilizer exports for Brazil, U.S., Mexico, India
The 3-million-tonne urea fertilizer plant built by Nigerian billionaire Aliko Dangote at a cost of $2.5 billion opened on Tuesday in Lagos. It will target African and foreign markets. The factory comes as the…
Tomato Jos launches first wholly made in Nigeria tomato mix
Tomato Jos Farming and Processing Limited has launched its much-anticipated Tomato Jos paste variant into the Nigerian market. The…
BREAKING: MultiChoice hikes prices of GOtv, DStv packages, cites inflation
Pay TV giant, MultiChoice Nigeria, has increased the prices of its DStv and GOtv packages MultiChoice Nigeria is the Nigerian…
Man City Top Deloitte Money League For First Time
Manchester City have topped Deloitte’s Football Money League for the first time in their history after emerging from the coronavirus crisis in a stronger position than their rivals. The Premier League champions,…
BREAKING: CBN retains interest rate at 11.5%
The Central Bank of Nigeria (CBN) has retained interest rates at 11.5 per cent, as the country struggles with high inflation rate.…
Germany seals gas deal with Qatar to reduce dependence on Russia
Germany and Qatar have reached a long-term energy partnership, a German official has said, as Europe’s biggest economy seeks to become less dependent on Russian energy sources. Russia is the largest supplier of gas to…
Oil prices jump as EU mulls Russian ban
Oil prices jumped $3 on Monday, with Brent above $110 a barrel, as European Union nations consider joining the United States in a Russian oil embargo, while a weekend attack on Saudi oil facilities caused jitters. Brent crude futures…
Customs Makes U-Turn, Backs CBN E-Invoicing Policy, Despite Protests From Stakeholders
The Central Bank of Nigeria (CBN) has received the backing of the Nigeria Customs Service (NCS) for its e-invoicing and e-valuation policy, which has led to protest from clearing agents and manufacturers.…
Tesla sued by taxi driver after fatal crash
A Paris taxi driver whose Tesla Model 3 crashed in December, killing one person, has filed a legal complaint against the U.S. carmaker, his lawyer said on Sunday. The French government said in the days after the…
Tomato Jos Launches First Wholly Made In Nigeria Paste
Tomato Jos Farming and Processing Limited has launched its tomato paste variant into the Nigerian market. The new tomato paste variant, packaged in a 65g sachet, is produced directly from fresh tomatoes grown in the…
Fidelity Bank, OnePipe Team Up To Empower Businesses With Cutting Edge Payment Solution
In a bid to deepen positive customer experience and create new opportunities for businesses to grow revenue, Fidelity Bank, in…
Nigeria raises $1.25bn Eurobonds
Nigeria, Wednesday, raised a $1, 25 billion Eurobond in the International Capital Market. A statement by the Debt Management, last night indicated that the Eurobond had a 7-year tenor and singled out Nigeria as the…
Amazon closes $8.5 billion deal to buy MGM movie studio
Amazon.com Inc. said it closed the $8.5 billion acquisition of film studio Metro-Goldwyn-Mayer after regulators declined to challenge the deal, cementing the company’s biggest takeover in five years. The closing,…
Big Cabal Media raises $2.3m to expand its compelling line of digital products
Over decades, the news media landscape has changed dramatically. Checking for news online—whether through Google, social network sites, major newspapers, or local media websites—has become ubiquitous. The…
Senate Mandates Banks To Report Deposits Above N5m To EFCC
The Senate Wednesday passed a bill to amend the Money Laundering Act 2011 seeking to make it mandatory for banks and other financial institutions to report, in writing, to the Special Control Unit Against Money…
Fidelity Bank Sensitizes Customers on Emerging Opportunities in Non-Oil Exports and CBN RT200 FX…
The Central Bank of Nigeria's (CBN) efforts towards actualising $200 billion in Foreign Exchange (FX) repatriation from non-oil exports over the next five years have…
Ecobank Shareholders To Get $40m Dividends Payout
Ecobank Transnational Incorporated (ETI) is set to pay its shareholders dividends of $0.16 per share totaling $40 million for the year 2021.…
Poultry Farmers Grumble Over N5,000 Cost To Feed Chick
Poutry farmers in the country are groaning following the rise to N5,000, the cost of feeding a chick. Poultry Association of Nigeria (PAN) said the…
Russia-Ukraine: Higher food prices may cause unrest in Nigeria, others
The International Monetary Fund has said higher food prices as a result of the Russia-Ukraine war might cause unrest in Nigeria, other Sub-Saharan Africa countries, Latin America, the Caucasus, and Central Asia.…