Business
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Shoprite To Leave Nigeria After 15 Years
Africa’s biggest grocery retailer, Shoprite, is exiting the continent’s most populated country, Nigeria, after 15 years. The Cape Town-based retailer…
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Adebutu, Kashamu’s Firms Fight Dirty Over Betting Game Rights
The clash between betting and gambling firms owned by a Peoples Democratic Party chieftain, Senator Buruji Kashamu; and billionaire businessman…
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Obu Mines: BUA Threatens Dangote Group With Contempt Of Court Proceedings
BUA Group has warned Dangote group to remove its excavators and trenches used in barricading the entrance of Obu Mines…
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Okpella Mining Site: BUA Group Tells Dangote To Respect The Judicial Process
BUA Group has described the publication of Dangote Group wherein it stated that BUA misinterpreted the fact about a pending…
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Dangote Group insist on ownership of Obu-Okpella Mines
The management of Dangote Group yesterday denied the claim by the BUA Group to the mining sites in Obu, Okpella,…
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France’s Telecom Operator, Orange, Plans Entry Into Nigerian GSM Market
Orange, France’s largest telecom operator, believes it would benefit from having a wider footprint in Africa and will give itself…
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Nigerian Mutual Funds Hit N1.26 Trillion In 5 Months
Total net asset of collective investment schemes and funds in Nigeria has risen to N1.257 trillion in the first five…
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Court Restrains Dangote, Police From Interfering With BUA Mining Sites
A Federal High Court in Benin City has restrained Dangote Industries and the Nigerian Police Force from interfering with BUA…
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High Cost Of Haulage From Lagos Port Rattles Importers, Manufacturers
The cost of moving imports from Nigerian ports to other parts of the country has continued to rattle goods, manufacturers…
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Satellite TV Company, TSTV Loses Office Due To Debt
The West African Business Platform Ltd., a law firm, has taken possession of the Abuja Headquarters office of Telcom Satellite…
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Innoson Wins Sierra Leone Oil Blocks Alongside Cluff Energy
Sierra Leone has provisionally awarded licences to Cluff Energy Africa and Innoson Oil and Gas, following the conclusion of its…
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Innoson Vehicles Confirms Heavy Patronage Of Its Motors Under Buhari Adminstration
Nigeria’s Federal Road Safety Corps use Made In Nigeria cars from Innoson. Nigerian fire fighters use Made In Nigeria fire…
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South African Insurance Group, Sanlam Takes Full Ownership Of FBN Insurance In Nigeria
South African Insurance group Sanlam becomes the only shareholder in the Nigerian life insurance company FBN Insurance and its subsidiary…
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Alan Sinfield Appointed As New CEO Of 9mobile
On Monday June 1, 9mobile announced the appointment of Alan Sinfield as its substantive Chief Executive Officer. According to the…
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Most Valuable Currencies In Africa (see Nigeria’s Position)
A country’s currency tells a lot about its economy and living standards of the people. There is a common misconception…
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Chevron To Fire 6,750 Staff In A Major Sack
The United States super oil major, Chevron Corporation, has slated 6,750 staff for sack in one of the biggest global…
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Lagos BRT Buses May Withdraw Services Next Week
Primero Transport Services Ltd., operator of the Lagos Bus Rapid Transit (BRT) may withdraw its services on May 25, due…
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Do Not Employ Masters Degree Holder For The Role Of SSCE Holder – Akin Alabi To Employers And Business Owners
Nairabet Founder and a member of the house of representatives, Akin Alabi, has advised employers against recruiting a Masters Degree…
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Mark Zuckerberg Reveals Facebook Is Considering Permanent ‘Work From Home’
Half of Facebook’s workforce could shift to permanent home working by the end of the decade, founder Mark Zuckerberg has…
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Investors Rush To Nigeria – Bloomberg
Nigeria’s early move to tap cheap loans has improved its risk perception among foreign investors, leading to a fall in…
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Lagos State Records ₦282.6 Billion Q1 2020 Revenue
Not many nations within the African continent can boast of the feat Lagos state has attained over the past decade.…
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Beautiful Nigerian Business Mogul And Philanthropist, Dr. Jack-Rich Featured In Forbes China May Issue
Dr. Elizabeth Jack-Rich, the vibrant and energetic Business Mogul and philanthropist, known for her great passion in empowering women/youth in…
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Meet Abdulwasiu Sowani, The Billionaire Who Bought Forte Oil From Femi Otedola
His name is Abdulwasiu Sowani, a silent billionaire and sharp Manager of Human resources. He is the new holder of…
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CBN Governor Accuses Nigerian Business Moguls Of Using Illegal Markets (Video)
CBN Governor, Godwin Emefiele, has accused some local and foreign investors of buying dollars from the parallel market, popularly referred…
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Kim Kardashian Sells Out Of Her Coronavirus Fashionable Face Masks Range In Minutes
In just under 30 minutes, fans got their hands on the new range of fashionable face masks to wear amid…
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Nigeria Running Out Of FOREX – John Campbell, Ex-US Ambassador
A former United States Ambassador to Nigeria, John Campbell, says Nigeria is experiencing a shortage of Foreign Exchange due to…
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Jeff Bezos Could Become World’s First Trillionaire By 2026
Amid the collapsing economy due to the coronavirus pandemic, Jeff Bezos is expected to come out smelling like a rose…
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Uber Sacks 3,500 Employees Via A Zoom Call
‘Today will be your last working day with Uber.’ Watch as choked up executive tells 3,500 rideshare employees they are…
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Sunti Sugar To Retain All 2,400 Staff Despite COVID-19 Challenges
The raging coronavirus pandemic is leaving in its trail, job losses and economic instability, however, the Sunti Golden Sugar Estate,…
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Firstbank Cardholders Record ₦1.18 Trillion In Transaction Value During Lockdown
First Bank of Nigeria Limited says Nigerians with its cards used them 105 million times to make payments or withdrawals…
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Apple Set To Return Workforce To The Office By Summer
The tech giant was one of the first to sound the alarm about the coronavirus. Now it’s becoming one of…
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Dollar Sells For N445 As Forex Scarcity Persists
The dollar exchanged for N445 in the parallel market on Monday due to scarcity and shrinking liquidity in the forex…
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We Have Enough FOREX, CBN Tells Investors
The Governor of the Central Bank of Nigeria, Godwin Emefiele, has told investors not to panic, saying the CBN has…
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Nigerian Billionaires Lose Billions Amid Coronavirus Pandemic
The year 2020 began with lots of predictions and promises, but the volatility in the stock market (which was occasioned…
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Access Bank Denies Sacking 75% Of Workforce, Closing Branches
Access Bank Plc on Monday debunked reports that it plans to sack 75 per cent of its workforce and as…
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Coronavirus: TVC Slashes Staff Salaries
Following the effect of the Coronavirus pandemic on the media industry, Television Continental (TVC), a broadcast television station in Lagos,…
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Access Bank To Shut Down 346 Branches Nationwide (List)
Nigerian financial power house, Access Bank, annunciated the closure of more than 300 of its branches nationwide in a bid…
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BRT Scraps Short-distance Tickets, To Commute 20 Passengers Per Bus
Primero Transport Services Limited, operator of Bus Rapid Transit (BRT) in Lagos, says it will only be carrying 20 commuters…
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COVID-19: Shell Cuts Dividend For First Time Since WWII
Royal Dutch Shell on Thursday cut its dividend for the first time since the 1940s after a first-quarter loss –…
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Dangote Group Converts Lockdown Break To Staffers’ Annual Leave (Photo)
Dangote Group has informed its staff members that the lockdown break given by the government is now a part of…
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Atiku Sacks 46 Staff Of Gotel Communications On May Day
Forty-six staff of Gotel Communications, a media outfit owned by Nigeria’s former Vice President, Atiku Abubakar, have been sacked by…
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Access Bank To Cut Staff Salaries, Retrench 75% Of Workers
Herbert Wigwe, the group managing director of Access Bank, has mulled the bank’s planned mass retrenchment of its workforce over…
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MTN Nigeria Made ₦51 Billion Profit And Gained 4.2 Million New Subscribers In Q1
MTN Nigeria announced a profit after tax of ₦51 billion in Q1 2020 – a 6% increase compared with Q1…
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Coronavirus: British Airways To Sack 12,000 Employees
British Airways is to make up to 12,000 staff redundant in response to the coronavirus pandemic. The airline has cut…
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COVID-19: Arik Cuts Salaries By 80%, Places 90% Of Staff On Leave Without Pay
As the world battles the deadly Coronavirus outbreak that has halted social-economic activities and plunged economies world over into uncertainty…
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Apple Plans To Sell Macs With Its Own Chips From 2021, Bloomberg Tells
Apple Inc (AAPL.O) plans to sell Mac computers with its own main processors by next year based on the chip…
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Ferrari Rolls Out Coronavirus Testing To Get Staff Ready For Work
Workers at Ferrari (RACE.MI) are signing up en masse for voluntary coronavirus screening so they can return to work as…
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Alibaba Set To Invest $28 Billion In Cloud Services After Coronavirus Boosted Demand
Alibaba Group Holding Ltd (BABA.N) said it will invest 200 billion yuan ($28 billion) in its cloud infrastructure over three…
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Nigerian Lady, Dr. Elizabeth Jack-Rich Becomes First African Woman To Cover “World Finance”Magazine
As the first African Woman to be featured on the front cover of World Finance “Spring Issue, 2020’’, Dr. Elizabeth…
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Lockdown: Sex Workers Lament As Clients Shun Their Services
This is not the best of times for commercial sex workers in Lagos owing to the lockdown occasioned by Covid-19…
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