Business

Mark Zuckerberg’s social media company, Meta, is bringing back its facial recognition software on Facebook to tackle the rising cases of celebrity scams also known as “celeb bait”scams, where scammers use images of…

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has addressed reports credited to the Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso of FAAC disbursement resulting in…

The Nigerian flying public is set to witness a rise in domestic airfares from one of Nigeria’s major airlines, Air Peace, effective November 1, 2024. Nairametrics gathered this information from a viral internal…

The case filed by De Renaissance Patriots Foundation and Ibeju-Lekki Peoples Forum scheduled to come up for mention on Tuesday, October 22, 2024, was stalled by the absence of the judge, Lagos State Government,…

The Nigeria Customs Service (NCS) has issued a 30-day grace period for importers and agents to process and clear overtime containers and vehicles currently held at various commands, in line with provisions of the NCS Act…

The Dangote Group has described the reported lawsuit against the Nigerian National Petroleum Corporation (NNPC) Limited and other oil companies, seeking to revoke their import licenses, as “an old issue.” In a…

The UK aviation authorities have expressed readiness to discuss the issue of slot allocation to Air Peace, the Nigerian carrier, at the Heathrow Airport, London, TheCable can report. In response to a letter sent to…

The federal government has approved the sale of ExxonMobil’s onshore assets to Seplat Energy, more than two years after the $1.28 billion deal was initially agreed. The CEO of the Nigerian Upstream Petroleum…

Dangote Petroleum Refinery and Petrochemicals FZE has asked the Federal High Court in Abuja to void import licenses issued to the Nigeria National Petroleum Corporation Limited (NNPC), Matrix Petroleum Services…

The founder of leading investment management firm, ARM Holdings Company, Deji Alli, will step into the role of the chairman of the company following the retirement of Felix Ohiwerei from the firm. A…

Oil and gas companies are preparing to spend 60 percent more on fossil fuel exploration, according to data and industry executives. Analysts at Wood Mackenzie, a global oil sector consultancy, found that…

The National Association of Telecommunications Subscribers (NATCOMS) has called on the Nigerian Communications Commission (NCC) to approve a marginal 10% tariff increase for telecom companies to alleviate the…

The Federal Government has introduced a new bill seeking to exempt a range of essential products and services from Value Added Tax (VAT) as part of its efforts to ease the financial burden on citizens. The bill,…

A financial expert, Dr. Olutayo Obadina, has said that the government’s floating of the Naira is the cause of the current hardship being faced by Nigerians and not the fuel subsidy removal. Obadina, a PhD holder in…

FBN Holdings Plc has officially announced the appointment of Adebowale (Wale) Oyedeji as the new Group Managing Director (GMD), effective November 13, 2024. This appointment, which is subject to the approval of the…

Chevron Nigeria Limited (CNL) said it has discovered a new oil field in the shallow offshore area of the South South region of Nigeria. It was learnt that the new discovery estimated to hold 17,000 barrels of oil per…

The trial of Tigran Gambaryan, the detained executive of Binance Holdings Limited, has been stalled due to his absence from court. The officer from the Correctional Center was present in court, and said he got in touch…

The federal government has officially announced the termination of fuel and foreign exchange subsidies, marking the end of a long-debated policy. Minister of Finance and Coordinating Minister of the Economy, Wale Edun, made this…

…Five more Africans made latest Billionaires Index President of Dangote Group, Aliko Dangote remains the richest man in Africa, and now the 65th richest…

Aliko Dangote, Africa’s richest man, has seen his wealth more than double to $28 billion following the long-awaited opening of his Nigerian oil refinery, according to the Bloomberg Billionaires Index. The…

Petrol queues in parts of Lagos and other states continue to spread over a huge deficit in the supply of Premium Motor Spirit (PMS),…

The Governor of the Central Bank, Yemi Cardoso, stated that the sharp drop in the value of the naira presents an opportunity for the country to boost its exports to other nations. Cardoso said this at the…

Nigeria’s petrol imports have dropped significantly in early October as the Dangote Refinery boosts its production to meet…

In today’s world, financial literacy has become an essential life skill, particularly…