Business

  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, ...

  Minister of Aviation, Hadi Sirika has disclosed the Federal Government’s plan to begin flight operations of the national carrier, Nigeria Air with an initial three aircraft to be leased from other companies. Beyond the lease of the aircraft, the ...

Elon Musk First Hotel In Mars Set To Open Soon At $5m Per Night Brand influencer and promoter, @mcphils has shared first photos of Elon Musk hotel in mars. The hotel is said to be opening soon and will cost ...

  The Nigerian Civil Aviation Authority (NCAA) has suspended Dana Airlines’ Air Transport Licence (ATL) and Air Operator Certificate (AOC) indefinitely, with effect from midnight of Wednesday, July 20, 2022. This is contained in a statement signed by Capt. Musa ...

The Monetary Policy Committee of the Central Bank of Nigeria has again raised the Monetary Policy Rate from 13 per cent to 14 per cent. This came barely two months after the MPC, during its bi-monthly meeting in May, raised ...

  Breadmakers, under the aegis of Premium Breadmakers Association of Nigeria (PBAN), have begun a four-day warning strike over the rising cost of baking materials. The duration of the strike action will be extended if the government fails to intervene, ...

  In First Bank of Nigeria Limited, virtually all the indices are looking bright. From a stellar performance in its last year and first quarter of 2022 operations to the unleashing of its robust digital banking solutions in its operations, ...

  The price of petrol has finally been raised above N165 per litre across regions of the country. Although the product has been selling above N165 in some parts of the country, a new price regime was released on Tuesday, ...

Aero Contractors will be suspending passengers’ flights operations indefinitely from Wednesday, July 20. The company in a statement made available to journalists noted that the suspension of its operations was due to the impact of the challenging operating environment on ...

  After operating for over 128 years with awards and recognitions to show for its commitments and accomplishments in banking, corporate philanthropy, socio-economic development, support to businesses and commercial activities, FirstBank is showing no signs of stopping or slowing down. ...