Business

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. ...

  Chelsea have confirmed the transfer of Kalidou Koulibaly from Napoli. The experienced centre-back will be part of manager Thomas Tuchel’s rebuilt defence after the summer departures of Antonio Rudiger and Andreas Christensen. Koulibaly, 31, played for Napoli since 2014 and made ...

Christian Eriksen has completed a move to Manchester United on a free transfer as Erik ten Hag continues to improve his squad ahead of the 2022-23 season. The move comes just over a year after Eriksen suffered a cardiac arrest ...

The euro has hit parity with the United States dollar and stock markets fell as the prospect of further central bank tightening and worries about the health of economies worldwide unnerved investors. By 10:00 GMT on Tuesday, the euro was at a ...

  Chelsea have confirmed the signing of Manchester City winger Raheem Sterling, with the England international leaving the Premier League champions to seek a new opportunity at Stamford Bridge. The 27-year-old was a priority target for the Blues this summer, ...

Juventus have completed the signing of Paul Pogba on a free transfer after the midfielder’s release by Manchester United. Pogba returns to Juve after six years at Old Trafford, and will be looking to regain the form that made him the world’s ...

Elon Musk has been posting memes on Twitter mocking the social media platform for lawyering up and trying to force him to buy them, as the Tesla chief’s $44 billion deal to acquire the platform looks set to collapse. The ...

A massive network outage in Canada that took out mobile and internet networks at the country’s top telecoms provider was improving late Friday, the company said, after disrupting services including banking, calling, cashless payments and policing. Telecoms firm Rogers reported ...

  Countries of Central America are seen to embrace the market of crypto. In the last years, nations such as El Salvador went from not endorsing only crypto but too making Bitcoin a legal tender. In the region, Panama is ...

Africa’s global bank, United Bank for Africa (UBA) Plc. has done it again. UBA in line with its unwavering commitment towards prioritising its customers’ financial well-being and boosting savings culture in Nigeria, has rewarded its loyal customers in its monthly ...

  Stanbic IBTC Pension Managers, a subsidiary of Stanbic IBTC Holdings, has reiterated its commitment to the well-being of its customers. Olumide Oyetan, Chief Executive, Stanbic IBTC Pension Managers stated this at the 2022 edition of the Stanbic IBTC Pension ...

  Nigerian lender, Unity Bank Plc has doled out a N10 million business grant to 30 corps members who emerged the winners of the eighth edition of its flagship Entrepreneurship Development Initiative, known as Corpreneurship Challenge. The winners emerged after ...

  Zenith bank has once again won the best commercial Bank, not only that it was also named the Best Corporate Governance Bank, Nigeria in the World Finance Corporate Governance Awards 2022. The awards, which were presented to the Group ...

Tottenham have completed the signing of Richarlison from Everton, with the Brazil international forward trading one Premier League ever-present for another. It appeared at one stage as though the 25-year-old would be heading to north London as a new addition ...

The Lagos State Governor, Mr. Babajide Sanwo-Olu, has approved a flat rate increase for all Bus Rapid Transit (BRT) and Standard routes. With the increase, a bus ride from Ikorodu – TBS will now cost N600 from N500 while Berger ...

Inter have confirmed the loan signing of striker Romelu Lukaku as the Belgian returns to Serie A after just one disappointing season with Chelsea. The San Siro club will pay the Blues an €8 million (£6.8m/$8.4m) loan fee, with the potential ...