Business
Over 200 jobs at risk as Microsoft is set to close its Lagos Innovation Centre
Microsoft may be set to close its African Development Centre (ADC) located in Lagos, raising concerns about the fate of approximately 200 jobs...
17 Arrested in Kano for Running Illegal Bureau de Change
The police in Kano have arrested 17 suspected individuals for their involvement in the unlawful operation of Bureau de Change in the Wapa...
Despite the FIRS Tax Avoidance Promise, FG may consider 5% telecom taxation to boost non-oil revenue
The Federal Government of Nigeria, through the Federal Inland Revenue Service (FIRS), is considering taxing telecommunication (telecom) services, among other fiscal measures, to...
CBN Reintroduces N10k Charges on Cash Deposits Above N500k
The Central Bank of Nigeria (CBN) has reintroduced fees for deposits exceeding N500,000 for both individual and corporate account holders. Effective May 2024,...
Exxon, Shell, TotalEnergies, and Eni seek to exit Nigeria over security and theft concerns
Major oil companies, such as Exxon Mobil, Shell, TotalEnergies, and Eni, have sought to exit Nigeria’s onshore oil to focus on deepwater drilling...
Guaranty Trust Holding Company Shatters Records with Historic Pre-Tax Profits in Nigerian Banking
Guaranty Trust Holding Company (GTCO), one of Nigeria’s most efficiently managed banks, has recently announced record-breaking pre-tax profits in Nigerian banking history. According...
Remote Jobs: Leveraging Technology for Team Collaboration
Effective team collaboration has become more critical than ever for businesses with the rise of remote work. Fortunately, technological advancements have made it...
SEC Charges Trump Media Auditor with Fraud, Imposes Lifetime Ban
The Securities and Exchange Commission (SEC) has levelled allegations of “massive fraud” against the auditing firm responsible for Trump Media, BF Borgers CPA,...
Lesser Smartphone Demands: Apple Faces Global Sales Decline
Apple’s latest financial report has revealed a concerning trend as sales drop in nearly every market worldwide, except for Europe. The tech giant...
Elon Musk’s Tesla Sues Indian Tesla Power for ‘Copying’ Trademark
Tesla, the renowned carmaker led by Elon Musk, has initiated legal action against an Indian battery manufacturer for allegedly infringing its trademark by...
Nigerian Banks Face Challenges as Stocks See Downturn and Valuations Remain Low
In April, Nigerian banks faced significant challenges as major banking stocks experienced losses month-to-date. This downturn aligned with the first month-to-date decline in...
Again, Tinubu Shares False News, Claims $600m Investment Deal With Danish Shipping Powerhouse
President Bola Ahmed Tinubu’s administration has once again shared false news with the public, claiming a $600m investment deal with a Danish Shipping...