Business News

Nvidia, a leading U.S. chipmaker, experienced a significant decline in its stock value, losing approximately $500 billion, following the emergence of DeepSeek, a Chinese AI startup. DeepSeek disrupted the market...

The Naira rose to N1,660 per dollar in the parallel market Friday, up from N1,665 on Thursday. Similarly, the Naira rose to N1,531 per dollar on the official foreign currency...

United Bank for Africa (UBA) Plc is hosting a Knowledge Series webinar titled "2024 Withholding Tax Regulations, Specific Emphasis on How They Affect SMEs" to educate small and medium-sized enterprises...

The Dangote Refinery, a major player in Nigeria's oil sector, is facing issues due to the surge of imported petrol offered at competitive prices. Independent oil marketers are drawn to...

The Central Bank of Nigeria (CBN) has reported a significant shift in the country's payment landscape, with Point-of-Sale (PoS) transactions in 2024 surpassing Automated Teller Machine (ATM) usage by 603%....

The Socio-Economic Rights and Accountability Project (SERAP) has filed legal action against the Federal Government and the Nigerian Communications Commission (NCC) in reaction to the recent 50% rise in telephone...

Zenith Bank, one of Nigeria's leading financial institutions, has promoted 4,165 employees as part of a major restructuring program to reward achievement and optimise its staff. Alongside this change, there...

The Kano State Investment Promotion Agency (KANINVEST) has signed a $15 million Memorandum of Understanding (MoU) with STATA Power Utility Nigeria Limited to set up a customised Compressed Natural Gas...

9mobile, a telecommunications provider, has praised the Federal Government and the Nigerian Communications Commission (NCC) for approving a 50% tariff adjustment—a critical good that, after extensive deliberation, marks a significant...

Mrs. Olu Verheijen, Special Adviser to the President on Energy, stated that Nigeria's energy sector will receive a total investment of $6.7 billion by 2024. She revealed this in a...