Business

Former UN Ambassador Nikki Haley and US President Donald Trump’s daughter and adviser Ivanka are among possible US candidates to replace outgoing World Bank President Jim Yong Kim, The Financial Times reported…

Apple Inc. is planning to release three new iPhone models again this fall, including a successor to the struggling XR, the lower priced 2018 device with a liquid-crystal display that has fallen short of Apple’s sales…

The $2.5 billion Ibom Deep Seaport, a public-private partnership (PPP) project would come to reality on or before April 2019. Speaking at the High-Level Stakeholders Retreat on Public-Private Partnership (PPP),…

ONE of Nigeria’s leading telecoms company, 9mobile on Thursday announced that it has made progress without assistance from Mr Adrian wood or his Teleology Holdings. According to a statement made available to…

World Bank has put the estimated growth rate for Nigeria’s economy in 2019 at 2.2 percent with its forecast oil price at average $67 per barrel for the current year and next year, down $2 from its projections last June. The bank…

The Lagos Inland Revenue Service (LIRS) has directed employers to deduct capital gains tax (CGT) from any sum paid to employees on termination of their services. According to a notice released by the tax agency,…

President Muhammadu Buhari has confirmed the readiness of the Nigerian government to enter into “negotiations for salary review” for all the workers who are already earning above the proposed minimum wage of N30,000…

The TraderMoni scheme of the Federal Government has generated a significant amount of buzz and national conversation: from those who laud its impact, and those who view it as politically motivated. TraderMoni is one…

Nigeria’s total debt now stands at N22.43tn, data obtained from the Debt Management Office have shown. According to the DMO, the nation’s total debt as of September 30, 2018, stood at N22.43tn.As of June 30, 2015, the country’s…

The never-ending twists and turns involving beleaguered GSM operator 9Mobile have taken another turn as Teleology Holdings Limited (run by Adrian Wood) has pulled out from Teleology Nigeria (the consortium of…

Aliko Dangote is Africa’s richest man for the eighth consecutive time although his wealth dropped by $2 billion from $12.2 billion in January 2018 to $10 billion in 2019. This is according to Forbes’ Africa …

Jim Yong Kim, outgoing president of the World Bank, will join Global Infrastructure Partners (GIP), a New York-based private investment fund, as a partner and vice chairman, Reuters reports. GIP, which is led by…

No fewer than 120, 000 rice farmers in Kano State would benefit from the Federal Government’s Anchor Borrower programme for this year’s dry season farming. The state Chairman of the Rice Farmers Association of…

Amazon has eclipsed Microsoft as the world’s most valuable listed company as volatile markets reshuffle Wall Street’s pecking order. The change happened on Monday as shares in the online retail giant rose 3%,…

Alhaji Abdulsamad Rabiu is in many ways a special man. Unlike too many of his peers in the billionaires’ circle, the BUA chairman contradicts the principles and norms of ego-tripping. He parades himself as a mushroom…

The Petroleum Products Pricing Regulatory Agency (PPPRA) says the import price of petrol is now lesser than N145. In a statement released on Monday, the agency attributed the reduced prices to a drop in crude…

Federal Inland Revenue Service (FIRS) has broken Nigeria’s all-time revenue generation record, after generating N5.3 trillion in 2018. In Nigeria, FIRS highest revenue generation was previously recorded in 2012,…

In a notice sent to the London Stock Exchange (LSE), Atlas Mara, the Pan African banking vehicle set up by Bob Diamond, announced it had acquired an additional 1% stake in tier two lender, Union bank. This amounts to…

The Niger State Police Command has arrested two suspected hackers of bank accounts who specialize in using software to steal customers’ money. The suspects, whose names were given as Abdulmalik Usman and Najeeb Saidu, both…

Electricity distribution companies (DisCos) are seeking Federal Government’s interventions to make their operations and service delivery efficient, safe and profitable. Eko Electricity Distribution Company (EKEDC)…

Use your credit card to buy a taco, a beer or a taxi ride, and it’s very likely the receipt screen will solicit a tip. A few years ago, that same option arrived on airlines, to the chagrin of passengers who remember when most food…

Automated teller machines (ATM) are the most preferred form of electronic banking in Nigeria. This is according to data provided by the Nigerian Interbank Settlement System (NIBSS). Between January and…

The results are out and this year NIGERIA led the way with the maximum number of deals. As per WeeTracker’s 2018 Annual Report on Venture Investments in Africa, this West African country stood first with 136 deals…

The New Year opened on a pleasant note for the Central Bank of Nigeria (CBN) as the nation’s foreign reserves stood at $43,075,740,908 on Friday, making it the highest opening balance in the last six years.…