Business

Online payment app PayPal has announced US customers can make payments with its “Checkout with Crypto” feature, rolling out today. After rolling out the ability for US users to directly buy and sell cryptocurrency…

Olam, a foremost agribusiness and leading player in the wheat value-chain recently convened the first edition of the Olam Green Land Webinar series. Themed “Deepening the…

Visa Inc, an American multinational financial services corporation, announced on Monday that it will permit the use of the cryptocurrency USD Coin to settle transactions on its payment network, a move conceived to be the…

Seplat Petroleum Development Company Plc (Seplat), a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange (NSE) and the London Stock Exchange (LSE), has…

The international oil benchmark, Brent crude, reversed its recent losses on Wednesday after a ship ran aground in the Suez Canal, and worries that the…

Business magnate and CEO Tesla cars, Elon Musk, on Thursday announced that a Tesla vehicle can now be bought with the world’s most popular cryptocurrency, Bitcoin.…

Forbes has announced Upstart Holdings’ co-founder and CEO, Dave Girouard who is also an ex-Google employee, as the latest tech expert to become a billionaire.…

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says the apex bank has disbursed N1.48 trillion to beneficiaries of its agricultural interventions. Emefiele provided a progress report of the CBN’s…

Africa’s largest cement producer, Dangote Cement Plc has remained a major contributor to the economy with a tax charge of N97 billion for the financial year ended 31st December 2020, even as it proposed a…

At a time when many developments are struggling to get off ground as a result of Covid-19 impact and general slowdown in economy, investment interest in Eko Atlantic City in Lagos remains high.…

More new cars were registered in Lagos last year, 2020, despite COVID-19 and the economic challenges it brought along. It would appear shocking, considering decline in incomes and the need for people to shore up…

Saudi Arabia’s majority-owned state-owned firm, Saudi Aramco, is paying shareholders $75 billion in dividend, an amount twice the size of Nigeria’s 2021 budget, indicating how a well-run oil company can…

The Central Bank of Nigeria (CBN) has released a list of approved international money transfer operators (IMTOs). IMTOs accept cash for the purpose of transmitting to persons resident in Nigeria or another country. They…

…Sanwo-Olu Reaffirms Commitment to Infrastructural Development in the Axis In line with its vision to be the preferred industrial hub and investment destination in West Africa with world-class…

Nigeria’s biggest public company Dangote Cement Plc said it would pay shareholders N16 for every share held in the company for the 2020 financial year, translating to a total dividend payout of N272.648 billion, a note…

The federal government said yesterday that with the renewed financial discipline within the nation’s power sector, following the recent intervention by the Central Bank of Nigeria (CBN), it expects collections of electricity…

Aiteo Group has raised the alarm of an alleged plot by Shell to launch media campaign to malign the reputation of the company and its Executive Vice Chairman, Mr. Benedict Peters. Group Head, Media Operations, Aiteo Group,…

The Corporate Affairs Commission (CAC) says it will destroy certificates and documents unclaimed by their owners by the end of April. The commission gave the warning in a notice titled “unclaimed certificates/documents”. In…

The federal government says it is considering a regulatory forbearance for banks to restructure loans granted to oil and gas firms currently facing debt servicing challenges due to the COVID-19 pandemic. Regulatory forbearance…

The Central Bank of Nigeria (CBN) says it intervened in the foreign exchange (FX) market with sales valued at $5.62 billion in the fourth quarter (Q4) of 2020. This is an increase of 28.7 per cent from $4.37 billion…

                                            …….. Reports PBT of ₦238.1 Billion Guaranty Trust Bank plc has released its Audited Financial Results for the year ended December 31, 2020 to…

The reported wealth of Kanye West has come under scrutiny after reports he was the wealthiest African American. Forbes has now issued a downgrade. Earlier report quoting…

America’s elite bank, Morgan Stanley has become the first major bank offering its wealthy customers access to bitcoin funds. In a report credited to CNBC, Morgan Stanley’s wealth management with about $4…

Forbes has declared American rapper, entrepreneur, Kanye West, the wealthiest African-American with a net worth of $6.6 billion. Led by his popular Yeezy brand, which has…