Business News

Nigerians secured a total of ₦470 billion in personal loans from banks during the last quarter of 2024, according to the Central Bank of Nigeria (CBN) in its recently released...

​Private oil depots in Nigeria have recently increased the price of Premium Motor Spirit (PMS), commonly known as petrol, to approximately ₦900 per litre. This marks a rise from the...

The Nigerian Senate has initiated a debate concerning the proposed sale of Lafarge Africa Plc, the nation's third-largest cement manufacturer, to China's Huaxin Cement Co. This development follows Holcim AG's...

​MTN Group and Airtel Africa have entered into agreements to share network infrastructure in Uganda and Nigeria, aiming to reduce operational costs and expand service coverage, particularly in underserved rural...

Benin Republic and Togo have yet to settle a combined electricity debt of $8.84 million for power supplied in the fourth quarter of 2024, according to a recent report by...

Many filling stations have started hoarding Premium Motor Spirit (PMS), also referred to as petrol, since Dangote Petroleum Refinery suspended selling petroleum products in naira. According to Punch News, the...

​Apple's streaming service, Apple TV+, is reportedly incurring annual losses exceeding $1 billion, despite amassing approximately 45 million subscribers. This financial strain has prompted Apple executives to scrutinize the service's...

​The Nigerian Federal Government has scheduled a meeting with Dangote Refinery to address concerns arising from the recent suspension of the naira-for-crude agreement. This move has implications for domestic fuel...

Dangote Petroleum Refinery has announced a temporary suspension of petroleum product sales in Naira, citing a mismatch between sales proceeds and crude oil purchase obligations, which are denominated in U.S....

Tesla's stock has experienced a significant decline recently, influenced by advancements and announcements from Chinese electric vehicle (EV) competitors such as BYD, Xiaomi, and XPeng. BYD, a leading Chinese EV...