Business

Despite Takeover By Local Firm, Poor Sales Force Shoprite To Shut Down Operations In Abuja
BusinessPolitics

Despite Takeover By Local Firm, Poor Sales Force Shoprite To Shut Down Operations In Abuja

Shoprite has announced the closure of one of its business outlets in Abuja, citing economic decline as the reason for the closure. This...

Dangote Refinery Accuses Int'l Oil Companies Of Price Manipulation
BusinessNews

Dangote Refinery Accuses Int’l Oil Companies Of Price Manipulation

Devakumar Edwin, the Vice President of Oil and Gas at Dangote Industries Limited (DIL), has accused International Oil Companies (IOCs) in Nigeria of...

BusinessNews

Nvidia Becomes World’s Most Valuable Company Amid AI Boom

Nvidia, a key artificial intelligence (AI) sector player, has become the world’s most valuable company. On Tuesday, its market capitalisation soared to $3.34...

Nigeria's Oil Field, OML 29 Shuts Down Due To Pipeline Leak
BusinessNews

Nigeria’s Oil Field, OML 29 Shuts Down Due To Pipeline Leak

The Nembe Creek oil field in Bayelsa State, which produces about 150,000 barrels of crude oil per day (bpd), has been shut down...

BusinessNews

TotalEnergies Announces 20% Drop In Profits Due To Nigeria’s Exchange Rate Woes

TotalEnergies Marketing Nigeria Plc has, on Saturday, reported a 20% increase in profits amid the country’s ongoing economic challenges. In its 46th Annual...

BusinessNews

MultiChoice Reduces Prices For DStv, GOtv After Court Order

In response to a court order mandating the reversal of a recent price hike, MultiChoice Nigeria has reduced its subscription rates for DStv...

BusinessNews

Chinese Automakers Surpass U.S. Counterparts In Global Sales For First Time

Chinese automakers have outpaced their U.S. rivals in vehicle sales for the first time, driven by solid performances from brands like BYD and...

BusinessWorld

Saudi Arabia Ends 80-Year Petrodollar Deal with US

Saudi Arabia has decided not to renew its 80-year petrodollar agreement with the United States, marking a significant shift in global economic dynamics. ...

Diageo Sells Stakes in Guinness Joining Multinationals Exiting Nigeria
BusinessFinance

Diageo Sells Stakes in Guinness, Joining Multinationals Exiting Nigeria

On Tuesday, Diageo announced the decision to sell majority stakes in its subsidiary Guinness Nigeria to Tolaram Group, becoming the latest multinational to...

Illegal Oil Bunkering
BusinessNews

NSCDC Uncovers Illegal Oil Bunkering Site in Rivers, Arrests Three 

The Nigeria Security and Civil Defence Corps (NSCDC) has arrested three suspects in Rivers State over illegal oil activities. This was conveyed through...

BusinessNews

Rivers Community Shuts Down Agip Oil Office Over Neglect and Broken Promises

Mgbuosimini Community in Obio/Akpor Local Area of Rivers State has shut down the Port Harcourt office of the Nigeria Agip Oil Company (NAOC)....

Samsung Protest South Korea
BusinessNews

Samsung Workers Stage First-ever Strike Over Pay Dispute In South Korea

Employees at Samsung Electronics, one of the world’s largest smartphone and high-end semiconductor manufacturers, have staged their first-ever strike. About 10 of these...