Business

Apple has exceeded market expectations with its fiscal 2024 third-quarter earnings, reporting record figures of $85.8 billion in revenue, marking a 5% increase year-on-year despite a decline in iPhone sales.  This…

The Naira yesterday appreciated to N1, 580 per dollar in the parallel market from N1,595 per dollar on Wednesday. Similarly, the Naira yesterday appreciated to N1,570 per dollar in the Nigerian Autonomous…

One week after Nigeria’s Federal Competition and Consumer Protection Commission imposed a $220 million fine on WhatsApp for a data privacy breach, the company may suspend its operations in the country due to…

Students across tertiary institutions in the country under the aegis of National Association of Nigerian Students (NANS) have…

•Police say investigation to extend to hotel ARM Pension Managers yesterday said it has placed its Executive Director, Technical,…

After an initial fall in price on Monday, oil price rose by more than $2 a barrel yesterday, with Brent Crude hitting $80.74 per barrel mark and West Teas Intermediate (WTI) rising to $77.76 per barrel. The…

Boeing on Wednesday named former aerospace veteran Robert “Kelly” Ortberg its next CEO, as the aviation giant reported a hefty loss on continued operational problems. Ortberg, 64, helped lead aviation…

•Says we won’t allow illicit funds; bad guys take over Nigerian banks The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, yesterday disclosed that foreign investors are already moving funds…

The National Pension Commission (PenCom) has announced the assumption of office by Omolola Oloworaran as the new Acting Director-General.  According to a statement from the commission, her appointment follows…

The Group CEO of FCMB Group, Ladi Balogun has stated that only about 10% of the bank’s foreign exchange gains recorded in 2023 are realized.  He made the statement during his presentation at the group’s “Facts…

The latest data from the Central Bank of Nigeria (CBN) shows that the currency in circulation (CIC) reached a year-high of N4.05 trillion in June 2024, up by 56% from N2.6 trillion in the same month of the previous…

The Chairman of FBN Holdings and acclaimed strongman of the financial and capital markets, Femi Otedola has thrown his weight behind the implementation of a windfall tax, emphasizing its importance in creating a…

The suspension of Arik Air operations is posing a threat to the production of about 200,000 barrels of…

Banking giant HSBC said Wednesday that pre-tax profits in the first half of 2024 came in at $21.6 billion, slightly lower than last year’s record performance. “After delivering record profits in 2023, we had another…

Telecommunications company, MTN Nigeria, recorded a loss after tax of N519 billion in the first half of…

The naira fell to a four-month low on Tuesday at the official window as it traded at 1621. 12/dollar compared to N1611. 40/dollar on Monday. This marked a 0.60 per cent depreciation from the previous day’s…

Nigeria’s oldest financial institution, FBN Holdings, released its 2024 second-quarter results, showing a pre-tax profit of N177.79 billion, representing an 18.9% year-on-year growth. The impressive growth in…

Bank customers have thronged their banks to reactivate their dormant accounts in line with the Central Bank of Nigeria guidelines on the management of dormant accounts and unclaimed balances.Some of the customers,…

The Nigerian National Petroleum Company Limited has announced its goal to increase crude oil production to 2 million barrels per day by the end of the year. The country’s daily production rose from 1.27…

Nigerians are facing further economic strain as the cost of refilling cooking gas cylinders continues to escalate. Recent investigations reveal that in Lagos, the price to refill a 12.5 kg cylinder has surged to…

The average cost of cooking a pot of jollof rice increased by 19.6%, from N16,955 to N20,274, between March and June 2024.  This is according to the latest edition of the SB Morgan Jollof Rice Index, which stated…

Zenith Bank Plc is set to raise N290 billion through a combination of a rights issue and a public offer as in compliance with the new minimum capital requirements for Nigerian commercial banks introduced by the Central…

Oil and gas experts have said that President Bola Ahmed Tinubu’s recent order to the Nigerian National Petroleum Company Limited on sale…

The Organised Private Sector of Nigeria (OPSN) has urged the federal government and the promoters of #EndBadGovernance protest to embrace dialogue “to achieve meaningful and lasting solutions for the benefit of…