BUSINESS
My family distribute electricity to most of Nigeria – Davido
Famous singer, David Adeleke, aka Davido, recently made a bold claim that his family is responsible for distributing electricity to a major portion of Nigeria. Accor ...
MultiChoice Nigeria increases DStv and GOtv prices
Hello, Bolu here, Chimgozirim, and Ogheneruemu here, Here's what we have for you today: MultiChoice Nigeria increases DStv and GOtv prices
Netherlands targets $250 investment in Nigeria
The Netherlands plans to invest another $250 million in Nigeria in the coming months. Prime Minister of the Netherlands, Mark Rutte, disclosed this when President Bo ...
Trade efficiency and the single window project
President Bola Tinubu recently inaugurated a steering committee for the National Single Window Project (NSWP), which will im ...
2 million bottles of Perrier ordered destroyed by French agency
France's health agency said it ordered Perrier to destroy two million bottles of its sparkling water suspected of 'faecal' contamination. Photo: Fabrice C ...
Nestle sales slump on weak North America demand for frozen food
Nestle sales reached $24.2 billion in the first quarter. Photo: Fabrice COFFRINI / AFP/FileSource: AFPSwiss food giant Nestle reported sl ...
"I'm optimistic about Nigeria and Africa; there's no reason not to be." — Adebayo Adewolu, CEO, Trium
In 2021, Nigerian fintech, Sparkle raised $3.1 million from an all-Nigerian cast that included Leadway Assurance and Trium Networks. A rare occurrence in Nigeria's startup ecos ...
Naira depreciation: Investors lose N673bn in NGX
Investors at the Nigerian exchange market experienced a decline again on Wednesday, losing N673 billion in market capitalisation due to sell-offs in major stocks like MTN Nigeria and T ...
How VCs can beat currency depreciation
This article was contributed to TechCabal by Robin Butler, a partner at Sturgeon Capital, through
Mired in crisis, Boeing reports another loss
Boeing reported another loss as it slows output in response to safety concerns. Photo: Jason Redmond / AFPSource: AFPTroubled aviation gi ...
FBN Holdings extraordinary general meeting placed on hold following court order
An extraordinary general meeting in which First Bank shareholders were to vote on a decision to raise $300 million ($231 million) in fresh capital has now been put on ho ...
PWAN Real Estate: How to invest, make money, own a home
The PWAN Group Real Estate and Investment offers Nigerians, irrespective of educational background or location, the opportunity to be their own boss. With a low startup capital, you can mak ...
Italy fines Amazon over 'recurring' purchase option
Italy's competition auhority said an option to set up regular purchases was 'pre-selected by default' on a wide selection of products listed on Amazon' ...
Tesla profits tumble but shares rise on new vehicle plan
A Tesla car stands in front of the company's electric car plant in Gruenheide near Berlin, Germany, on March 13, 2024. Photo: Odd ANDERSEN / AFPSource: AFP
How UK's biggest water supplier sank into crisis
Thames Water's future is in doubt given soaring debts and chronic underinvestment amid speculation over a costly state bailout. Photo: Ben Stansall / AFPSourc ...
NNPCL targets additional 12,000bpd crude oil production as Awoba Field restarts operation
The Nigerian National Petroleum Limited and its Joint Venture Partner, Newscross Exploration and Production, have restarted operations at the Awoba Unit Field with a target of 12,000 m ...
Five tier-1 banks gross earnings hit N10trn in 2023
By Chinwendu Obienyi Despite daunting challenges in the Nigerian banking sector and the economy, fiv ...
Alleged N42b debt: AMCON moves against firms chairman, directors
By Lukman Olabiyi The Asset Management Corporation of Nigeria (AMCON) has initiated bankruptcy proceedings against the Chairman of Milan Industries Limi ...
Minister hails Nasarawa on lithium factory, mining development
From Charity Nwakaudu, Abuja The Minister of Solid Minerals Development, Dr. Dele Alake has applauded Nasarawa state for supporting the establishment of ...
Canal+ increases stake in MultiChoice
Bonjour, Victoria from Techpoint here, Here's what I've got for you today: Canal+ increases stake in MultiChoice Nigeria criminalises ...
First Bank names Olusegun Alebiosu acting CEO after Adeduntans surprise exit
FBN Holdings, the parent company of Nigerias oldest bank, has appointed Olusegun Alebiosu as acting chief executive officer of First Bank of Nigeria after the surprise resignat ...
First Bank appoints Alebiosu Acting MD after Adeduntan resignation
Nigerias leading commercial bank, First Bank of Nigeria Limited has appointed Olusegun Alebiosu as its acting Managing Director with effect from April 2024. First Ba ...
Nigeria set to receive $2.25bn WBank loan–Edun
….Says facility has 1% interest, 40-year tenure, 10-year moratorium From Uche Usim, Washington DC Minister of Finance and Coordinating Minister for the ...
EEDC assures of electricity bands classification fairness, transparency to South-East residents
Dr Ernest Mupwaya, Deputy Managing Director (DMD) of Enugu Electricity Distribution Company (EEDC), has assured of electricity bands classification fairness and transparency to Sout ...
Hong Kong regulator to investigate PwC auditing of Evergrande
Heavily indebted Evergrande has become a potent symbol of the years-long crisis in China's property market. Photo: Pedro PARDO / AFP/FileSource: AFP
Nigerias government will criminalise fibre damage after causing ₦27 billion in losses to MTN and Airtel in 2023
Nigerias works ministry is finalising a regulation that will criminalise fibre damage after fixing cable cuts caused ₦27 billion in losses to MTN and Airtel. The regulation wil ...
Canal+ increases MultiChoice stake to 40.8%
In February, Canal+s stake in MultiChoice passed the 35% mark, triggering a law that allowed it to present a mandatory offer to shareholders of the South African broadcaster. W ...
Digital PayExpo Announces its 2024 Edition themed Redefining Payment
Intermarc Consulting is pleased to announce the 24Th edition of Digital PayExpo themed “Redefining Payment.” The conference i ...