Business

Following the Presidency’s report that HSBC aided past Nigerian leaders to loot the country, the Economic and Financial Crimes Commission, EFCC, Sunday agreed with Presidency’s statement and vowed to repatriate all stole money. In a…

Officials of the Economic and Financial Crimes Commission (EFCC) stormed the headquarters of Standard Chartered Bank in Lagos on Friday. A source at the bank confirmed this to TheCable, saying some customers were escorted out of the…

Nigeria’s inflation has risen for the first since it started its decline in January 2017. This is according to the latest inflation report published by the National Bureau of Statistics on Friday. According to the report, the rate…

Nigeria’s leading carrier, Air Peace, friday signed an agreement with Boeing for the acquisition of 10 new 737 MAX 8 aircraft, making history as the first airline in West Africa to add the equipment to its fleet. Air Peace already…

The Federal Government has said it doesn’t want MTN Nigeria to die but that it must abide by the rules and regulations guiding business transactions in the country. This is coming just as Standard Chartered Bank Nigeria Limited said…

Apple unveiled new versions of the iPhone on Wednesday at its headquarters in Cupertino, California. It is customary for the company to announce new versions of its products in September. The new iPhone Xr and Xs will be sold at…

MTN Communications Limited, could as a last resort reach out to the South African government to explore diplomatic ties, in a bid to resolve its issues with the Nigerian government. South Africa’s Telecommunications Minister Siyabonga …

AlphaBeta Consulting LLP has reacted to an allegation of money laundering levelled against the company and its Managing Director, Mr. Akin Doherty by Mr. Dapo Apara, an ex-staff of the company. In a swift response to the allegation,…

The Portuguese hotel group, Pestana, announced on Wednesday that they will open a new hotel in Paris with Cristiano Ronaldo’s name, Pestana CR7 Hotel, in which they have invested €60 million. The hotel is set to potentially open in 2021.…

International oil benchmark, Brent crude, extended its gains on Wednesday, trading near a two-month high as shrinking oil inventories pointed to an increasingly tight global market. The upturn in oil prices come as the United States’…

Apple has just become the first company to be valued at $1 trillion, which is triumphant or depressing depending on how you look at it. The company was founded by Steve Jobs, Steve Wozniak, and Ronald Wayne in April 1976, and went…

The Federal Government, through the Ministry of Transportation, has urged Japan to follow in the footsteps of their Chinese counterpart, and partner Nigeria on concessioning loans. Rotimi Amaechi, Minister of Transport, stated this when…

A judge, Nnamdi Dimgba, in Abuja has rejected an appeal by Multichoice Nigeria against an interim order prohibiting any increase in its DStv or GOtv subscription rates. Multichoice Nigeria had on August 24 filed an appeal against…

Chinese e-commerce giant Alibaba and Russian technology group Mail.ru on Tuesday said they would launch a joint e-commerce venture in Russia and former Soviet countries. The deal comes as e-commerce is developing rapidly in Russia…

Federal, states and local governments shared N3.95 trillion from the Federation Account within the first half of this year. The disbursements made by the Federation Accounts Allocation Committee (FAAC) represented an increase of 41%…

The high cost of baking ingredients may push bread prices up, bakers have warned. The Premium Bread Makers Association of Nigeria gave this warning on Monday at a press briefing in Lagos. “The challenges we face as a result of…

The Nigerian Electricity Regulatory Commission (NERC) has ordered electricity distribution companies to refund monies paid by persons who did not receive meters under the scrapped Credited Advanced Payment for Metering Initiative…

…Definite hearing commences October 2 A Wuse Magistrate Court in Abuja has dismissed all applications brought before it by BGL Plc and her subsidiaries objecting to their trial before the court. Chief Magistrate, Chinyere…

Forbes has ranked Nigeria 3rd best in Africa in terms of “investor protection”. Rwanda and South Africa were rated above Nigeria on the African continent. A total of  153 countries were surveyed. The American business magazine…

…Group CEO assures of amicable settlement MTN Nigeria Monday said in order to protect its assets and shareholder rights within the confines of the law, it  has approached the Federal High Court for injunctive relief to restrain the…

…To abolish stop and search for vehicle particulars Edo State Internally Generated Revenue (IGR) has hit an average of N2bn monthly from N1.55bn in 2016 when Governor Godwin Obaseki was sworn-in. This represent 25 percent growth…

With a crash in the value of bitcoin last week, Nigerians are pulling back to cut down on their losses in the cryptocurrency market as their stake in the market declined dropping to N1.09 billion as against N1.51 billion which it was at…

Tunde Fowler, chairman of Federal Inland Revenue Service (FIRS), says the service will soon go after the bank accounts of defaulting taxpayers who are billonaires. Fowler, who disclosed this at a stakeholders’ meeting in Lagos, said…

The presidency said yesterday that the President Muhammadu Buhari administration would intensify efforts to empower Nigerians economically, as it continues to launch the TraderMoni N10,000 collateral free loans for petty traders. The…