Business News

The Co-operative Group has warned that due to "turbulent economic challenges, especially inflationary pressures," it expects its profitability to decline in the coming year, Entrepreneurng report. While the "volatile external...

Paxful, a peer-to-peer Bitcoin exchange with 1.5 million customers in Nigeria, has announced that it is ceasing operations. In a blog post published on Tuesday, co-founder and CEO Ray Youssef...

1. Huawei Partners TD Africa to Launch Cutting-edge SME Products Huawei, a leading multinational technology company has partnered TD Africa, sub-Saharan Africa’s biggest tech, solutions and lifestyle distributor to roll...

The shares of Bernard Arnault's French LVMH luxury goods empire reached a record high, pushing his net worth to over $200 billion for the first time. Arnault is now the...

The African Development Bank has approved a grant of $525,000 for an online digital hub to serve as a repository of knowledge for fintech entities in Africa. This was disclosed...

A businesswoman, Chinenye Ajie, has dragged an international oil and gas servicing company, Baker Hughes before the Lagos High Court for an alleged failure to pay for hotel accommodation and...

As foreign investors take a position in low-priced stocks, the Nigerian equities market attracted a total of $19.2 billion (N8.83 trillion) in Foreign Direct Investment between 2018 and 2022, a report...

The Federal Government has said operators in the maritime sector may get about $700m to acquire new vessels. The Director General of the Nigerian Maritime Administration and Safety Agency, Dr...

1. Capital importation dips as 27 states attract zero foreign inflow A total of 27 states attracted zero foreign investments in 2022, as Nigeria’s capital importation dropped by 20 per...

The Federal Competition and Consumer Protection Commission has approved 173 digital lending applications to operate in the country. Of the 173, 119 have full approvals and 54 have conditional approvals....