Business

On a peninsula east of Lagos, 30,000 workers are employed on a project that holds out the promise of transforming Nigeria’s economic fortunes. It’s here that Aliko Dangote, Africa’s richest man, plans to spend more than his net…

Ethiopian Airlines Group has completed a new passenger terminal at its hub in Addis Ababa Bole International Airport with emphasis on biosecurity and biosafety measures. The new terminal has a check-in…

In a move to strengthen the naira, the Central Bank of Nigeria (CBN) plans to resume dollar sales to Bureau De Change (BDC) operators on September 7. The BDCs are to get $10,000 twice…

Nigeria’s Akinwumi Adesina has been re-elected as the President of the African Development Bank President for a second five-year term. The election took place electronically on Thursday at the virtual annual general meeting of the…

OnlyFans has just reported that in her first 24-hour debut, actress Bella Thorne has grossed over $1 million USD through revenue on the platform. Teasing her move to join the platform last week, Thorne made it clear that she would not be…

Since 2017 when he became the world’s richest man, Amazon CEO Jeff Bezos, keeps deepening his wealth numbers, while rivals are left to trail. According to the latest Bloomberg…

The African Development Bank (AfDB) has raised its capital base to $115 billion and instituted strong corporate governance systems, its President, Akinwumi Adesina has said.…

•President approves cost-reflective tariffs The Central Bank of Nigeria (CBN) has directed deposit money banks (DMBs) providing bank guarantees to Nigeria Bulk Electricity Trading (NBET) Plc and the Transmission Company of…

The world’s biggest pension fund posted a record loss in the first three months in the year after the coronavirus pandemic sparked a global market rout in the period, The Economic…

The Central Bank of Nigeria (CBN) has directed banks to provide the submit the names, addresses and bank verification numbers (BVN) of exporters that have defaulted in repatriating their…

Asset Management Corporation of Nigeria (AMCON) has taken over assets belonging to Joshua Abiodun Faleye, the chief promoter of Jabfal Enterprises Limited over N440 million debt. The…

The Central Bank of Nigeria (CBN) says it will no longer approve payment of foreign exchange to form M applicants who do so through a company and agent, thereby eliminating third…

The federal government has released ₦614. 92 billion for the payment of accrued rights for retired Nigerians under Contributory Pension Scheme. The National Pension…

The Managing Director/Chief Executive Officer of Polaris Bank Limited, Mr. Tokunbo Abiru, has announced his retirement from the service of Polaris Bank, effective August 31, 2020,…

South Africa’s retail industry is feeling the pain from the coronavirus pandemic on two fronts — store closures during lockdown and the sharply reduced purchasing power of households. South Africa, the continent’s most…

A COURT has granted the request by the Central bank of Nigeria (CBN) to freeze 65 Bank accounts linked to 12 firms and a man. They are suspected to be involved in the manipulation of…

ByteDance, owner of the popular video platform TikTok, announced on Sunday that it will file a lawsuit against the U.S. government to protect its rights and interests. “Over the past year,…

Facebook won preliminary approval late on Wednesday from a federal court for settlement of a lawsuit that claimed it illegally collected and stored biometric data of millions of users without their consent. The social media company…

Chairman of the Nigerian Bar Association (NBA) Section on Business Law (SBL) Mr. Seni Adio (SAN), has praised President Muhammadu Buhari for signing into law the new Companies and Allied…

MTN Group Limited has appointed Ralph Mupita as Chief Executive Officer, to pilot the company’s operations in Africa is in line with the company’s policy of appointing internal candidates. According to a statement by the company,…

Short-term home rental company Airbnb said on Wednesday it filed confidentially for an initial public offering with US regulators, setting the stage for one of 2020’s…

FMDQ Securities Exchange has posted 13.66 per cent turnover growth in the Fixed Income and Currency (FIC) for the month of July. FMDQ in a monthly FIC report obtained by newsmen on Wednesday said a turnover of N18.72 trillion was…

Apple has become the first American company to be valued at $2 trillion. The company crossed the $2 trillion dollar mark on Wednesday after being the first in the world to cross the $1 trillion mark in August 2018. This makes the…

...Surcharge is economic sabotage, insensitive, says Shippers’ Council Tension is mounting at the nation’s sea ports where importers who are groaning under huge surcharge imposed on them by the…