Business

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…

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 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…

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’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;…

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…

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 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…

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 (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…

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,…

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 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…

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…

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 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 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…

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…

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…

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…

Billionaire Femi Otedola has made new nomination into First Bank barely two months after he became the single largest shareholder of the oldest commercial  bank in the country.…

THE management of Shebah Exploration & Production Company Ltd (SEPCOL) has announced a fire incident, which engulfed the oil and gas company’s offshore facility in the Niger Delta.…

Dangote Peugeot Automobiles Nigeria Limited (DPAN) has started assembling vehicles in Nigeria, beginning with the Land Trek, 3008, 5008 and the new 508. The assembly of Peugeot vehicles…

Four of the major oil marketing companies in Nigeria saw their combined revenue surged by 46.96 per cent last year as fuel demand recovers from the impact of the COVID-19 pandemic. The companies, namely Conoil Plc,…