Business

Apple has become the first company to reach a market capitalization of $3 trillion, raising $1 trillion in less than 16 months as the coronavirus pandemic turbocharged big techs. The tech giant surpassed the $182.86 mark on Monday,…

Canadian singer-songwriter, Justin Bieber, has launched a joint venture with Palms, a US-based company, to sell pre-rolled cannabis. The initiative titled ‘Peaches’ is named after Bieber’s hit song released in March. Bieber had…

Global energy firm, Shell, has announced the appointment of Mrs. Elohor Aiboni as the Managing Director of its Nigeria deep-water business, Shell Nigeria Exploration and Production Company Limited (SNEPCO). Media Relations Manager,…

World Trade Organization (WTO) has said Nigeria is the number one importer of commercial services in Africa. This is contained in WTO’s data on the ‘Leading Exporters and Importers of Commercial services excluding intra-EU Trade 2020’,…

Nigeria’s inflation rate has continued to rise as Consumer Price Index (CPI), which measures inflation, increased to 18.17 per cent (year-on-year) in March 2021. Inflation rate is the rate at which prices increase over time, resulting in…

Months after Central Bank of Nigeria (CBN) banned cryptocurrency trading in the country, the country’s Securities and Exchange Commission (SEC) has warns Nigerians against Fintech platforms who facilitate trading on foreign stocks. Read…

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…