BUSINESS
Binance CEO claims Nigerian officials demanded $150 million bribe in crypto payments to make issues go away
Binance, a popular cryptocurrency platform, says some unknown persons in Nigeria demanded huge payments in digital currency to make their problems in the country “go away”. Richar ...
FASTRIDE RELAUNCHES WITH EXCITING BENEFITS FOR RIDERS AND DRIVERS, INVITES INVESTORS
In a highly competitive E-hailing Industry in Nigeria, Fastride is emerging as a beacon of hope for riders and drivers alike through her recent relaun ...
Disney reports small loss but sees improvement in streaming
Disney CEO Bob Iger, shown here in 2019, expressed confidence in an upcoming initiative to crack down on improper streaming password sharing. Photo: NICHOLAS KAMM / A ...
Jumia lowers operating losses 70% in Q1 2024 even as profit remains elusive
Jumia, a leading African e-commerce platform, lowered its operating losses by 70% in Q1 2024 after brutal cost-cutting measures that saw it trim advertising costs to $3.8 milli ...
Nigeria raises levy on e-transfers by 900%, analysts call for a transaction cap
Nigerias Central Bank will begin the implementation of an amended 2015 Cybersecurity Act that will levy a 0.5% fee on all electronic transactions on May 20, an increase of 900% ...
Amazon launches SA marketplace
Amazon has launched its South African market, officially beginning operations in its first African country. With 3,000 pickup points, buyers will also enjoy free deliver ...
Over 1.8 million PoS agents must register with the CAC
Halo, Victoria from Techpoint here, Here's what I've got for you today: Over 1.8 million PoS agents must register with the CAC Inside ...
Amazon says will invest $9 billion in Singapore
The Amazon announcement follows a multi-billion-dollar investment in Southeast Asia by Microsoft. Photo: MARCO BERTORELLO / AFPSource: AFP
Boeing probed in US over possible falsified records on 787
A Boeing whistleblower and other aviation experts painted a troubling picture of Boeing's safety practices at a Senate hearing in April 2024. Photo: Kent Nishimur ...
Crypto Analysts: Buying BlockDAG Now is Like Buying Solana at Its Early Price; SOL Surge Turned High School Students' Cents to Thousands
High school students pooled resources to invest in Solana at $0.9511 in April 2020, earning about $10,000 each by its peak at $260.06 in November 2021. With Solana now trading at $144.5, the ...
Air Peace bags ICAN achievement award
By Chinelo Obogo Air Peace has bagged another accolade for its milestones in Nigerias aviation sector. The airline clinched ...
Hack or mismanagement? Inside Patricia's troubling customer fund crisis
As allegations of lavish lifestyles and mismanaged assets surface, Patricia CEO, Hanu Agbodje faces increasing scrutiny. From undisclosed hacks to dissolved repayment partnerships, the c ...
Nigeria mandates 1.9 million PoS agents to register with CAC to combat fraud
Nigerias 1.9 million PoS agents, a key part of the countrys financial inclusion drive, must now be registered with the Corporate Affairs Commission (CAC) as part of plans to im ...
IBEDC reviews tariff for band A customers
The Ibadan Electricity Distribution Company, IBEDC, has begun the implementation of a downward review of tariff from N225/Kwh to N206.80/Kwh for band A customers. Th ...
Bolt Nigeria denies claims that it laid off about half its staff
The news: Bolt Nigeria has denied laying off 22 of its 45 staff, three days after one publication reported the layoff. Citing a source close to the matt ...
QNET wins 3 awards at PR Awards 2024
By Chinenye Anuforo QNET, a lifestyle and wellness direct selling company, secured three prestigious awards at the 11th annual PR Awards. This recognitio ...
NGX makes gain after losing N3.53tn in April
The Nigerian Stock Exchange Limited recorded its first weekly gain after losing N3.54 trillion in April 2024. This is according to last weeks data from NGX. T ...
Local firms, IOCs battle for 19 oil blocks in Nigeria
Nigerian indigenous firms and international oil companies are jostling for Nigerias twelve onshore and Seven Deep Offshore oil blocks. The Chief Executive Office of ...
Next Wave: Should customers get angry when private companies increase prices?
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Q1: GTCOs profit swells by N509.3bn
Amid the harsh operating environment, income from GTCOs funded and non-funded lines drove its profit up to N509.3 billion for the first quart ...
Zenith Bank records 189% growth in Q1
Zenith Bank Plc has announced its unaudited results for the first quarter ended 31st March 2024, with an impressive triple-digit growth of 18 ...
Race to retain N1trn capitalisation intensifies as banks stocks slump
By Chukwuma Umeorah The race among tier-1 banks to retain their N1 trillion capitalization has inten ...
Nigeria, UK trade relations worth £7bn – Envoy
The trade relations between Nigeria and the United Kingdom currently stands at about seven billion pounds sterling. ...
Fidelity Bank grows profit by 120.1% to N39.5bn in Q1
In line with its upward growth trajectory, Fidelity Bank Plc, has posted an impressive 120.1% growth in Profit Before Tax from N17.9bn at the ...
FG under fire for imposing $300 landing fee, 45% tax hike on chopper operators
•Airlines bleed, to meet Keyamo as operational cost swells by 127% By Chinelo Obogo
Vehicle component manufacturers task FG on auto policy
By Moses Akaigwe Key stakeholders in the strategic sub-sector of the nations automotive industry. – the compon ...
Why were partnering with Oodua Investment – Akintunde, Aerofield Homes Boss
From Bamigbola Gbolagunte, Akure The Chief Executive Officer of Aerofield Homes Limited, Armstrong Akintunde has said that the collaboration between his company ...
Kwara NYSC extols Kam Holdings Support
From LAYI OLANREWAJU, Ilorin The state coordinator of the National Youth Service Corps, Kwara State, Mr. Onifade Olaoluwa has lauded the Group Managing D ...
WACT signs 1.2GWh solar power purchase agreement with Starsight Energy
By Steve Agbota, Lagos APM Terminals West Africa Container Terminal (WACT) has signed a strategic Power Purchase Agreement (PPA) with Starsight ...
PTML Terminal boosts operation with N10.5bn Mobile Harbour Crane
By Steve Agbota, Lagos Nigerias largest multipurpose terminal, the Port and Terminal Multiservices Limited (PTML) has acquired a new state of the art 6 ...