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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...
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...
BusinessNews
Amid Inflation, CBN Increases Interest Rate To 26.25% For The Third Time In 2024
The Central Bank of Nigeria (CBN) has increased its interest rate by 150 basis points (bps) from 24.75 per cent to 26.25 per...
BusinessNews
Inconsistent Policies Divert $6 Billion TotalEnergies Projects from Nigeria to Angola, CEO Reveals
Inconsistent policymaking decisions have led to diverting $6 billion in energy projects from Nigeria to Angola, explained TotalEnergies CEO Patrick Pouyanne. Speaking at...
BusinessNews
Air Peace Refutes UK Safety Violation Claims, Denounces Media Reports As Exaggerated
Air Peace has debunked recent media reports alleging safety breaches during its operations in the United Kingdom, describing them as exaggerated and sensationalised....
BusinessNews
CBN Withdraws Circular On Controversial 0.5% Cybersecurity Levy
The Central Bank of Nigeria (CBN) has withdrawn its circular mandating banks and payment service providers to collect and remit a 0.5% cybersecurity...
BusinessNews
NDLEA Busts Couple Operating Cocaine Cartel Between India, Nigeria
The National Drug Law Enforcement Agency (NDLEA) has arrested four members of a cocaine cartel operating between India and Nigeria. The syndicate’s assets,...
BusinessNews
UK Aviation Authority Reports Safety Concerns Over Air Peace Operations
The United Kingdom Civil Aviation Authority (UK CAA) has raised safety violation concerns regarding the Nigerian carrier, Air Peace, shortly after the airline...
BusinessNews
LASEPA Shuts Down Church and Six Establishments for Noise Pollution in Lagos
The Lagos State Environmental Protection Agency (LASEPA) has shut down a church and six other establishments in the Surulere and Orile Iganmu areas...
BusinessNews
TotalEnergies Seals First Supply Deal With Dangote Refinery
French energy major TotalEnergies has secured its first supply agreement with the Dangote Refinery in Nigeria, as announced by Chief Executive Patrick Pouyanne....
BusinessWorld
Japan’s Multinational, Toshiba, to Cut 4,000 Jobs Under New Ownership
Toshiba Corporation, a prominent Japanese multinational conglomerate, has announced plans to cut up to 4,000 jobs domestically as part of its ongoing restructuring...
