Business

  The Corporate Affairs Commission has said it will remove 100,000 registered companies from its database soon. During a training on ‘Use of the beneficial ownership register’, in Lagos, the Registrar-General and Chief Executive Officer, CAC, Alhaji Garba Abubakar, disclosed ...

  Twitter’s logo changed: The ‘blue bird’ logo has served as a home button on the web version of the micro-blogging site.   Elon Musk announced the new logo on Twitter by posting a screenshot of a conversation with the ...

  FBN Holdings Plc, has reported a profit before tax of N206 billion for the half year ended June 30, 2023. FBNHoldings disclosed the figures in its second-quarter statement released yesterday on the Nigerian Exchange. The increase in second-quarter profits ...

  US-based multinational technology company Apple yesterday closed trading with a $3 trillion market value. According to CBS, Apple has become the first to achieve that feat in recent time. The 47-year-old tech firm’s shares closed up 2.3 per cent ...

OceanGate Expeditions is still advertising trips to the Titanic shipwreck on its website — more than 10 days after its submersible imploded on its deep-sea journey to the wreckage, killing all five aboard. The undersea exploration company lists two missions ...

  In recent times, Nigerians have had to suspend their travel plans to the United States and Europe as a result of the increase in fares which has tripled as a result of the high exchange rate for ticket pricing. ...

  The Federal Government has so far saved about N400bn as a result of the removal of subsidy on Premium Motor Spirit, popularly called petrol, since May 31, 2023, when the initiative was officially implemented, oil marketers stated on Thursday. ...

  Oil marketers have projected that the pump price of petrol could rise above N700 per litre in Northern Nigeria starting from July. The National Controller Operations, Independent Petroleum Marketers Association of Nigeria, Mike Osatuyi, told The Punch that prices ...

  The World Bank Group has approved a loan of $500m to help Nigeria drive women’s empowerment. This became the second loan approved by the World Bank under the new President, Bola Tinubu. It is a scale-up financing for Nigeria ...

  Lionel Messi’s father and agent, Jorge, has reportedly accepted a record-breaking offer from Saudi side Al-Hilal.   French outlet Foot Mercato has claimed that the total package would amount to a staggering €1.2 billion (£1.1bn/$1.3bn) over two years – more ...

  CEO of Moët Hennessy Louis Vuitton (LVMH), Bernard Arnault, the world’s richest man, lost $11.2 billion in one day, but is still wealthier than Elon Musk. Musk is the second richest man in the world, with a net worth ...

  The Central Bank of Nigeria has revoked the operating licences of 132 microfinance banks, four primary mortgage banks, and three finance companies in the country. The revocation exercise was disclosed in the official gazette of the Federal Government published ...

  The Economic and Financial Crimes Commission, (EFCC) has secured the conviction of one Ibrahim Musa Dabai on a one count charge bordering on tampering with Nigerian currency in Kano state. Dabai was arrested by officers of the National Drug ...

Nigeria’s profile in the global oil industry will be boosted today as President Muhammadu Buhari leads five other African Presidents to inaugurate Dangote Petroleum Refinery & Petrochemicals. The Presidents are Faure Gnassingbé (Togo), Nana Akufo-Addo(Ghana); Macky Sall (Senegal), Mohamed Bazoum ...

Founder of new generation bank, FCMB, Otunba Michael Olasubomi Balogun, is dead. According to reports, Balogun reportedly died in London on Friday morning at the age of 89. He was Otunba Tunwase of Ijebuland before his death. As a ranking ...

  Tesla CEO Elon Musk last night condemned working from home as ‘morally wrong’, saying the practice is unfair for service workers who still have to show up. Musk, who is worth $175.8 billion and is the second richest person ...

  Kanye West appears to be trying to get back into the shoe game after Adidas cut ties with him last year over a string of anti-Semitic remarks. The 45-year-old disgraced rapper has filed to trademark new Yeezy Sock Shoes, ...

  The Minister of Aviation Senator Hadi Sirika has said the proposed national carrier, Nigeria Air will fly before May 29th, 2023. The Minister also said the project was 98 percent completed. He stated this in Abuja on Thursday during ...

  Elon Musk has regained his spot as the world’s richest person after briefly losing it to the French tycoon behind luxury-goods powerhouse LVMH, Bernard Arnault. The CEO of the French luxury brand, Louis Vuitton, dethroned the Tesla boss, pushing ...

  Two men, Tunde Okunuga, 33, and John Solomon, 19 – on Thursday appeared before an Iyaganku Magistrates’ Court, Ibadan, for allegedly damaging a glass door of a branch of Shoprite located on Ring Road, Ibadan. The defendants, whose residential ...

  New Twitter owner and CEO Elon Musk on Tuesday poked fun at himself and the social media giant he says was losing millions of dollars a day when he acquired it last fall, referring to the platform as “the world’s largest ...

Facebook and Instagram owner Meta will launch a paid subscription service starting at $11.99 a month allowing users to verify their accounts, CEO Mark Zuckerberg announced Sunday, following a similar move by Elon Musk at Twitter. Meta Verified, which will ...

  The race to take control of Manchester United intensified on Saturday as British billionaire Jim Ratcliffe formally challenged a Qatari banker for the ownership of the English football giants. Ratcliffe had already expressed interest in United several weeks ago ...

The regulating apex bank, the Central Bank of Nigeria (CBN) has released the modalities for reporting an over-charging Point of Sales (PoS0 agents. Mr Joseph Omayuku, CBN’s Director, Governor’s Department, at a briefing with journalists in Yenagoa, Bayelsa State capital ...

  MR Timpre Sylva,  Minister of State for Petroleum Resources, says Federal Government has taken bold actions to stop the ongoing petrol crises across the country, while assuring massive distribution of the product.. Sylva, gave the assurance after his tour ...