Business News

A group of Tesla shareholders is requesting that investors cast their votes against CEO Elon Musk's more than $40 billion in remuneration, arguing that it is not in the best...

Mr. Oliver Alawuba, Group Managing Director/Chief Executive of United Bank for Africa, UBA Plc, stated yesterday that the bank will continue to focus on innovations that improve client experiences in...

The Executive Director of Finance and Risk Management for United Bank for Africa, Ugochukwu Nwaghodoh, has said that the banking group would meet the new capital requirement before the March...

Telecommunications and mobile money services provider, Airtel Africa, has revealed that its subsidiary, Bharti Airtel International (Netherlands) B.V., has repaid in full its $550m bond maturing Monday. This was disclosed...

The trade volume between Nigeria and Indonesia rose to $4.7bn in 2022, the President of the Nigerian-Indonesian Chamber of Commerce and Industry, Ishmael Balogun, has disclosed. Balogun this during a...

The Central Bank of Nigeria released a total sum of $2.13bn to Nigerians for importing food products in 2023, Findings by The PUNCH have shown. According to the quarterly statistics of the...

Notcoin (NOT), a cryptocurrency backed by Telegram, has seen a dramatic value drop of over 85% in its first week of listing despite a successful airdrop campaign. This cryptocurrency is...

For flouting regulations, nine financial institutions paid N678m fines in 2023, according to The PUNCH analysis of their annual reports. Last year, the financial groups were more regulatory compliant, as the fine...

Analysts have projected that the Monetary Policy Committee of the Central Bank of Nigeria, which commenced its third meeting of the year on Monday, is likely to increase the benchmark...

Eight manufacturers, including Dangote, BUA and Lafarge saw their foreign exchange-related losses rise to N627.7bn in the first quarter of the year, according to findings by The PUNCH. This is...