Business News

Guaranty Trust Bank (GTBank) has announced its plans to migrate to a new core banking application system, which will temporarily disrupt services. The migration will begin on Friday, October 11,...

The Nigerian federal government has initiated discussions with Brazil to establish direct flights between the two countries. This effort, led by Minister of Aviation and Aerospace Development Festus Keyamo, follows...

Binance, the world’s largest cryptocurrency exchange, has seen its market dominance shrink to a four-year low as the platform faces increasing regulatory pressures across several countries. According to a recent...

The federal government is set to launch a $10 billion global investment fund to accelerate the growth and development of Micro, Small, and Medium Enterprises (MSMEs) nationwide. This announcement was...

The global price of rice has plummeted to its lowest level in 16 years, reaching figures not seen since 2008. This significant drop follows India's recent decision to ease some...

The World Bank has approved $1.57 billion in financing for three new projects to improve Nigeria's governance, healthcare, and climate resilience. This funding approval was announced on September 26, 2024,...

OpenAI, the company behind ChatGPT, is reportedly discussing a major restructuring that would grant CEO Sam Altman a 7% equity stake, according to sources familiar with the matter. This move...

Despite the official cryptocurrency ban in China, underground crypto trading has surged, with reports indicating that the volume reached $75.4 billion in just nine months. A study by Chainalysis revealed...

The Central Bank of Nigeria (CBN) has approved an additional sale of $20,000 to each eligible Bureau de Change (BDC) operator. This sale will be conducted at a rate of...

Aliko Dangote, the CEO of Dangote Refinery, expressed his disappointment over the Nigerian National Petroleum Company’s (NNPC) decision to pull out of an initial agreement to acquire a 20% stake...