BUSINESS
Amazon triples quarterly profit as cloud surges
Amazon is using artificial intelligence to help shoppers and sellers at its online shop, and plans to spend billions on new data centers for its AWS cloud computing u ...
2024 Q1: MTN hits 78m subscribers, up 1.3%
By Rukayat Adeyemi Lagos, April 30, 2024 (NAN) MTN Nigeria says its total subscribers increased by 1.3 per cent to 77.7 million, as at March 3 ...
N200bn Debt: Petrol marketers threaten withdrawal of services amid fuel scarcity
THE Independent Petroleum Marketers Association of Nigeria (IPMAN), has threatened to cripple the supply of Premium Motor Spirit (PMS), also known as petrol, over non-payment of ₦200 ...
Abu Dhabi-backed group ends Telegraph takeover bid
Last month the UK government said it would bring forward legislation to block state-backed takeover deals in the media industry. Photo: MIGUEL MEDINA / AFP/FileSo ...
Chowdeck raises $2.5 million for its on-demand delivery service in Nigeria
Chowdeck, a Nigerian on-demand delivery service, has secured $2.5 million in seed funding, which it will use to strengthen its position in the Nigerian market. Investors such as Fo ...
MultiChoice Nigeria puts DStv and GOtv fee hikes on hold
Privet, Victoria from Techpoint here, Here's what I've got for you today: MultiChoice Nigeria puts DStv and GOtv fee hikes on hold How ...
L'Occitane stocks surge in Hong Kong after privatisation offer
L'Occitane's shares jumped nearly 13 percent as they resumed trading in Hong Kong. Photo: Peter PARKS / AFPSource: AFPShares in F ...
FG to sell Shells assets, lists divestment criteria
From Adanna Nnamani, Abuja The Nigerian Upstream Petroleum Regulatory Commis ...
Nigerian government requires $10bn annually to revive power sector – Minister
The Minister of Power, Mr Adebayo Adelabu, says the Federal Government requires 10 billion dollars in annual investment to revive the power sector for the next 10 years.
Why there is increase on electricity tariff – DisCo
The Port Harcourt Electricity Distribution Company, PHED, has attributed the recent tariff increase for Band A customers to the escalating cost of doing business in the country.
Sun Reporter Wins MTN Foundation Award For Innovative Reportage
By Chinwendu Obienyi The Sun Newspapers ICT reporter, Chinenye Anuforo, has emerged victorious in the prestigious MTN Foundation Chairmans Award for Inn ...
Chivita, Hollandia reward outstanding trade partners at annual conference
Chivita|Hollandia (CHI Limited) leading fruit juice and value-added dairy manufacturer in Nigeria has rewarded its long standing distributors at the recently held 2024 Distributor Conference. The ...
Lagos-London route: Big fight rages in aviation industry
..Airlines deploy price, other strategies • As Air Peace triggers new competition ...
N1 million salary isnt a lot of money in Nigeria — Lady
A lady has revealed that N1 million salary isnt a lot of money in Nigeria. She said 1m salary in Nigeria is not a lot of money o.
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 ...