Business

  About five days after Nigeria LNG Limited (NLNG) declared a force majeure or a major halt in gas production, consumers are lamenting a fresh hike in cooking gas prices in Abuja and its environs. Mrs Onyeka Odoh, a resident ...

  Pound Begins To Rise Against The Dollar As News Of Liz Truss’s Resignation Hits The Markets Liz Truss’s resignation at Prime Minister has seen the pound rally as her departure revitalised the markets. It came after a chorus of ...

  The Federal Government has ordered telecommunication companies to reverse their recent 10 per cent hike in calls and data prices. This decision means that telcos like MTN Nigeria and Airtel, who had initially increased the prices of their data ...

  Microsoft has laid off nearly 1,000 employees worldwide amid fears of a recession, becoming just the latest major tech company to do so. The layoffs represent less than half of 1 percent of the company’s 221,000 employees globally, ABC ...

  A doctor, by the name Dr Ola Sandra Ndukwe with twitter handle, @olakhisha has called out a Nigerian bank – Zenith for alleged missing money. The doctor had claimed the sum of N450,000 was withdrawn from her bank account ...

French cement giant Lafarge SA will pay a $778 million fine after pleading guilty to providing material support to Islamic State and other terror groups during the Syrian civil war, the US Justice Department said on Tuesday. Lafarge acknowledged it ...

  Nigerian data and intelligence startup, Stears Business, has announced the closing of its seed round funding, in which $3.3 million was raised. The round which was led by Mac Venture Capital had participation from other companies including Serena William’s ...

  First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider has announced its commemoration of the 2022 edition of the Customer Service Week scheduled to be globally celebrated on 3 – 7 October 2022. The event ...

  Elon Musk has said he intends to proceed with his original $54.20 per share offer to acquire Twitter, the social media giant. A letter filed with the U.S. Securities and Exchange Commission, SEC, showed Musk will follow through on ...

  The High Court of the Federal Capital Territory (FCT) in Abuja has ordered FCMB to pay N540,500,000.00 in damages to Pastor Emmanuel Omale of the Divine Hand of God Prophetic Ministry and his wife, Deborah, over the false claim that he laundered N573 ...

The dollar hit N735 in the parallel market on Wednesday as political campaign activities began in the country. According to Bureau De Change operators in Lagos and Abuja, dollar price had increased from N718 – N720 to N728-N735 in the last one ...

  In partnership with FirstBank – Nigeria’s premier and leading financial inclusion services provider – Verve International, Africa’s leading payment technology and card business, has launched its third National Consumer promo designed to reward users of FirstBank verve card with ...

To mark the end of its 150th anniversary year, FrieslandCampina presents its new short film, A New Day. The film pays tribute to the many generations of dairy farmers who have made FrieslandCampina what it is today; a dynamic, forward-looking ...

  Apple chief executive Tim Cook says there are still “not enough women at the table” at the world’s tech firms – including his own. In an exclusive interview with the BBC, Mr Cook said technology “will not achieve nearly ...

  The federal government says it is proposing legislation to ban the consumption of animal skin, locally known as ponmo, in the country to revive tanneries. Muhammad Yakubu, director-general, Nigerian Institute of Leather and Science Technology (NILEST), Zaria, said this ...

Effective October 4, 2022, Delta Air Lines will suspend its flights between New York JFK airport and Lagos. The airline disclosed this via a statement, stating that the route suspension was to fit into “the current demand environment.” The statement ...

The National Broadcasting Commission (NBC) on Friday said it has revoked the broadcast licences of Silverbird TV, AIT, Raypower FM, and Rhythm FM  others. The Director-General of the NBC, Mallam Balarabe Shehu, who made the disclosure in a statement on ...

Manchester United have completed the signing of Casemiro from Real Madrid as the Red Devils look to change their fortunes round following a rocky start to the season. Casemiro won five Champions Leagues in a nine-year spell with Los Blancos ...

Africa’s global bank, United Bank for Africa (UBA) Plc, has rewarded a total of 20 kids with N200,000 each as scholarship grants in its just concluded Kiddies and Teens Draw, which held in Lagos on Thursday. The winners had qualified ...

  There are indications that the failure of Emirates Airlines to repatriate its trapped ticket sales fund in Nigeria back to its home country in the United Arab Emirates (UAE) may have led to the carrier’s decision to stop all ...

After his failed Twitter bid that has left the Tesla chief executive officer (CEO) in an arduous legal battle, Elon Musk today said he’s buying the English football club Manchester United. “To be clear, I support the left half of the ...

Tesla boss Elon Musk has sold another 7.92 million shares in the electric car maker, worth around $6.88bn (£5.7bn). The sales took place after the firm’s annual shareholder meeting last week, regulatory filings show. Mr Musk says he needs the ...

Elon Musk has filed claims against Twitter as he fights the tech firm’s lawsuit demanding he be held to his $44bn purchase deal. Musk mounted a legal defence against Twitter’s claim that he is contractually bound to complete the deal ...

The skeleton of a gorgosaurus, a dinosaur relative of tyrannosaurus rex that lived approximately 77 million years ago, has been sold at auction for over $6m. Sotheby’s said the ancient skeleton, which was discovered in the US state of Montana ...

Nigerians will soon start paying 12.5 per cent tax on telecommunications services as the federal government plans to implement five per cent inclusive excise duty on telecommunications services in Nigeria. The Minister of Finance Budget and National Planning, Zainab Ahmed, ...