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Turkish Airlines pockets $225m from Boeing over grounded 737 Max
Turkish Airlines has received $225million in compensation from Boeing to cover losses incurred over the U.S. manufacturer’s grounded 737 MAX aircraft. The…
Huawei posts record profits in spite of U.S blacklisting
Chinese telecommunications giant Huawei Technologies flagged record profits for 2019 on Tuesday, despite a tumultuous year that has seen the U.S. and its…
Adoption of Eco: Nigeria will react at appropriate time — Minister
The Federal Government has said it is still studying the situation as eight West African countries, most of them French speaking, changed their currencies to Eco, the proposed single currency for…
The Secret Behind Amazon Package Delivery to West Africa
In a building on West 147th Street, the mail carriers know apartment 1A.Boxes arrive at all hours, ordered from websites around the world. Throw pillows, diapers, car parts, cellphones, high…
Telecom giant MTN accused of paying bribes to Taliban, al-Qaeda
Africa's largest mobile operator MTN says it is reviewing allegations that it paid protection money to militant Islamist groups in Afghanistan.The allegations, made in a legal complaint filed in a US federal…
Banks Assets Rise By 10% To N41.4 Trillion In 12 Months
The total assets of the 27 deposit money banks rose by 10 per cent, year-on-year to N41.4 trillion in the 12…
2020: Economy Set to Ride on Non-oil Sector for Growth
The prospects for economic growth in 2020 seem bright, but the growth is expected to be fragile. As it was the case in 2019, non-oil sector driven by agriculture, ICT and manufacturing among…
NLNG alumni give kudos to Buhari government for NLNG Train 7
Nigeria LNG Limited’s Alumni Association has given the Buhari administration a pat on the back for achieving today’s Final Investment Decision (FID) on…
Sanwo-Olu presents N250m seed cheque for Tech start-ups
As part of plans to make Lagos State a hub for innovation and technology, Lagos State Governor, Babajide Sanwo-Olu on Friday, presented a seed fund of N250 million to Lagos…
Where CBN erred on new bank charges, by telcos
• ‘USSD services cannot be offered for free to banks’ • Minister, NECA, others laud charges slash Days after the Central Bank of Nigeria (CBN) reduced bank charges, telecommunications operators…
Unused power: GenCos lost N1.2trn in 5 years
About 24 power Generating Companies (GenCos) lost N1.19 trillion on electricity capacity not paid for in the Nigerian Electricity Market in the last five years.Records of loses on the stranded power generation…
NLNG takes final investment decision on $10bn Train 7 project
Shareholders of the Nigeria LNG Limited have taken the long-awaited final investment decision on the company’s Train 7 project.The NLNG made the announcement on Friday via its Twitter handle.The NLNG is…
Bankers Committee Flags off Advocacy for Passage of Nigerian Ports and Harbour Bill
As part of renewed focus on supporting SMEs within the manufacturing and trade industry, as well as attracting foreign investors into a viable investment…
Dr. Dre Beats Taylor Swift To Become Forbes’ Highest-Earning Musician Of The Decade
Another decade is coming to an end, which means Forbes has released their list of the top-earning musicians of the decade. On the top of that list is none other than…
Pressure on naira as reserves dip to $39.2bn
The decline in foreign exchange reserves which dipped to $39.2 billion is threatening the naira, The Nation has learnt. For two years…
Border closure saves Nigeria’s poultry industry N50b, says NIAS boss
The land border closure with Nigeria’s neighbouring countries has saved the nation’s poultry industry about N50 billion since it began in October.…
Despite Stamp Duty Charge, PoS Transactions Hit N874bn In 3 Months
Despite the implementation of the stamp duty charge of N50 on Point of Sale transactions above N1,000, the value of transactions on PoS channel increased to N874.91 billion between September and November this…
Banks record N97.32tn instant, PoS payments in 11 months
Banks’ customers carried out a total of N97.32tn worth of financial transactions on the instant payment and Point of Sale platform between January and November this year, the latest report from the Nigerian…
CBN clarifies reduction in current account charges, others
The Central Bank of Nigeria has reduced charges on current account and some other services.It stated that card maintenance fee on current account had been removed as the accounts already attracted account…
Rockefeller Was Almost Three Times Richer Than Bezos
.......Carnegie, Vanderbilt, and William the Conquerer’s cousin were wealthier too, when you measure their fortunes relative to GDP Jeff Bezos, the world’s richest man, is worth…
8 year-old boy Ryan Kaji earns $26m from YouTube, world’s highest
Eight-year-old Ryan Kaji is the highest earner from YouTube, for the second year running. According to a recent list published by Forbes, the boy earned USD 26…
Atiku merges all business outfits into Priam Group
Former Vice President of Nigeria, Atiku Abubakar has announced a migration of all his business outfits into an umbrella brand known as the Priam Group. He said the…
Group floats €15m seed fund for startups
To help support and finance African start-ups, Agency Française de Développement (AFD) is launching a new €15 million seed fund. The group said it was launching the seed…
BREAKING: FG stops N50 charge on POS transactions
The Federal Competition and Consumer Protection Commission on Tuesday stopped the additional N50 charge being imposed on transactions conducted on Point of Sale (POS) machines.…