Business

The sale of 21 percent  shares  of the Federal Government in the Nigerian  Security Printing and Minting (NSPM) Plc to the Central Bank of Nigeria (CBN) will contribute over N17 billion to the national treasury, Director General of the…

Fresh facts have emerged on why the sale of 9mobile still lingers despite the declaration of Teleology Holdings Limited as the preferred bidder by Barclays Africa, the financial adviser handling the sale. The Executive Vice Chairman…

The Nigerian National Petroleum Corporation (NNPC) has explained why it has resorted to contractor-financing of its pipeline and other facilities development in recent times. Delivering the keynote speech at the Nigerian…

The Central Bank of Nigeria (CBN) has again intervened in the inter-bank Foreign Exchange Market to the tune of $210 million. According to the figures obtained from the CBN on Tuesday, September 18, 2018, the Bank offered $100million…

Oyo State Government is not leaving any stone unturned in its aggressive tax drive as it has continued to shut down major business outfits that are defaulting in the payment of taxes. Among the companies shut down today is Obasanjo…

A 26-year-old Nigerian, credited for building the world’s first gaming robot, has just become the highest paid in the field of Robotic engineering. Silas Adekunle achieved this feat after signing a new deal with the world’s…

The Coca-Cola Company is said to be in "serious talks" with Aurora Cannabis Inc., on the possibility of developing marijuana-infused beverages. According to BNN Bloomberg, Coca-Cola, the world’s largest beverage company, is looking into…

There are 7,100 multi-millionaires living in Africa, each with net assets of $10 million or more. There are over 320 centi-millionaires, each with net assets of $100 million or more; and 24 billionaires each with net assets of $1 billion…

The Central Bank of Nigeria (CBN) says banks will pay a fine of N10,000 for every money transfer that exceeds four minutes. The apex bank made this known in a circular, ‘Circular on the regulation on instant inter-bank electronic…

Apple has a new range of iPhone models for 2018 and has announced them during a special event held at its futuristic Apple Campus in Cupertino, California. Rumors were rampant ahead of the event, telling us that we should expect three…

The Nigeria Labour Congress (NLC) has called on the Federal Government to ensure that the telecommunication giant, MTN Nigeria, complies with its directive and pay without delay, the $2 billion tax arrears as well as the $8.13 billion…

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…