Business

LG Electronics, South Korea’s second-largest appliance firm after Samsung, has on Monday, April 5 announced it will be shutting down its mobile phone business, after losing billions of dollars in recent years. The company announced the…

Nigerian-based logistics and transportation startup, Gokada has announced Nikhil Goel as its new Chief Executive Officer eight months after the gruesome killing of its founder/CEO, Fahim Saleh. Fahim was brutally murdered in his $2.25…

Central Bank of Nigeria has on Tuesday introduced new charges for customers using Unstructured Supplementary Service Data (USSD) services. The apex bank said effective today, customers will pay a flat fee of N6.98 per transaction every…

Flutterwave, Africa’s leading payments technology company, has on Tuesday announced a new collaboration with global payment leader, PayPal to enable customers of the latter globally to pay African merchants in the continent through…

Leadership of cattle and foodstuff dealers under the aegis of Amalgamated Union of Foodstuff and Cattle Dealers of Nigeria (AUFCDN) has agreed to resume supplying food supplies from northern part of the country to the southern region, six…

Northern traders under the aegis of Amalgamated Union of Foodstuff and Cattle Dealers of Nigeria (AUFCDN) have vowed to continue to prevent food from being transported to the Southern part of the country, despite being at risk of losing…

Amazon has announced on Tuesday that its Chief Executive Officer, Jeff Bezos will be stepping down from the position and will be replaced by Amazon Web Services (AWS) CEO, Andy Jassy during the third quarter of this year. In a letter to…

Aliko Dangote, President/Chief Executive, Dangote Industries Limited, reportedly lost a total of $900 million within 24 hours, after his company emerged the biggest loser at the end of trading on Nigerian Stock Exchange on Friday, January…

Shareholders of GTBank Plc have approved the holding company structure for the bank, as they expressed excitement over the benefits they would derive from the new structure. At the Court ordered meeting held on Friday, the investors…

National Bureau of Statistics has on Monday November 16, released a data revealing that Nigeria’s inflation rate has risen to 14.23 percent, 0.52 percent higher than the 13.71 percent recorded in September. According to the latest…

Pop Central, fastest-growing media platform in Nigeria focused on a young audience demographic has launched the SME Ad Grant, an initiative that will avail small businesses the opportunity of free exposure on live television. The media…

Federal Government has reportedly permitted Dangote Cement to resume exports across Nigerian land borders after months of land border closure. Over a year ago, Federal Government closed borders with neighboring countries including Benin…

Chevron Nigeria Limited has said it will cut down its workforce by 25 per cent as it is reviewing its manpower requirements in the light of the ‘changing business environment’. CNL disclosed this on Friday in a statement entitled…

Africa’s biggest grocery retailer, Shoprite has debunked circulating reports that it has commenced formal process to exit Nigerian market. Speaking to Vanguard in a telephone conversation, the Country Director for Chastex Consult, Ini…

Africa's biggest grocery retailer, Shoprite has announced plans to exit Nigeria, the continent’s biggest market, after 15 years of opening its first store in the country. According to a statement by the Cape Town-based retailer, it…