Business

CBN Hikes Interest Rates to 27.50 Per Cent, Sixth Time in 9 Months
BusinessNews

CBN Denies Claims Of Plans To Revoke Licenses Of Unity, Polaris, And Keystone Banks

The Central Bank of Nigeria (CBN) has firmly denied allegations that it plans to revoke the licenses of Unity Bank, Polaris Bank, and...

BusinessNews

Middle Eastern, Asia-Pacific Carriers Dominate Top 25 Airlines List For 2024

In the wake of recent aviation tragedies, such as the scary Japan Airlines crash in Tokyo and the tragic death of Access Holdings’...

BusinessNews

Launch of Boeing’s Starliner Spacecraft Cancelled Again, Minutes Before Liftoff

Boeing’s first attempt to launch its Starliner spacecraft with astronauts on board was cancelled on Saturday just minutes before liftoff. An automated computer...

BusinessNews

NNPC And ExxonMobil Settle Over $1.2bn Divestment Deal Involving Seplat Energy

The Nigerian National Petroleum Company (NNPC) Limited has finalised a settlement agreement with ExxonMobil, enabling the divestment of ExxonMobil’s entire stake in Mobil...

BusinessNews

After Miscarriage, Court Remands Chioma Over Facebook Review Of Erisco Foods Product

A Federal High Court in Abuja has ordered Chioma Okoli to be remanded at the Suleja Correctional Centre over Facebook comments she made...

BusinessNews

Customs Seizes Tons Of Rice, 373,440 Litres of Smuggled Petrol Headed For Benin Republic

The Seme Border Command of the Nigeria Customs Service has intercepted 373,440 litres of petrol headed for Benin Republic and 6,467 bags of...

Landmark Demands Compensation Over Demolition of Beachfront
BusinessNews

Landmark Demands Compensation Over Demolition of Beachfront

Landmark, a multi-million dollar corporate resort entity, has demanded compensation from the Lagos State and Federal governments for demolishing its beachfront. This was...

BusinessNews

Just In: Fire Erupts at NNPC Filling Station in Lagos

Fire has broken out at a Nigerian National Petroleum Corporation (NNPC) filling station near the Fadeyi bus stop in the Mushin area of...

BusinessNews

Binance Executive Collapses in Abuja Court During Money Laundering Trial

‍Tigran Gambaryan, a detained Binance executive facing money laundering charges, collapsed in a Federal High Court in Abuja on Thursday during a trial...

Microsoft data centre Kenya
BusinessNews

Microsoft Announces $1bn Data Centre In Kenya Two Weeks After Shutting Its Lagos Facility

Microsoft has announced plans to build a $1 billion geothermal-powered data centre in Kenya in collaboration with G42, a top artificial intelligence firm...

Maersk Warns Import-Driven Nations of Price Increment Ahead of June
BusinessNews

Red Sea: Maersk Warns Import-Driven Nations of Price Increment Ahead of June

Due to the Red Sea situation, Maersk, a Danish shipping and logistics company, has warned of temporary price increments ahead of June. In...

BusinessNews

CBN Not Clamping Down on OPay, Other FinTechs- Cardoso

The Central Bank of Nigeria (CBN) has stated that it has no plans to clamp down on FinTech firms in Nigeria. CBN Governor...