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Otedola deepens stake in First HoldCo with fresh

  • 13th May 2026

PenCom removes approval requirement for PFA advertisements

  • 13th May 2026

DMO announces N600bn FGN bond auction for May

  • 13th May 2026

DBN, AfDB seal $61m deal to boost credit

  • 13th May 2026

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Amazon cuts 100 Jobs in devices, services unit

Amazon shuts down Rufus chatbot, unveils Alexa for shopping

Tech

Otedola deepens stake in First HoldCo with fresh N43.41bn

Business

PenCom removes approval requirement for PFA advertisements

Business
OpenAI board rejects Elon Musk-led buyout offer

Sam Altman takes stand in high-stakes legal clash with

Tech

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WhatsApp launches screen share
News Tech

WhatsApp to roll out contextual stickers

Instant messaging service, WhatsApp has introduced contextual sticker suggestions. The feature is available on iOS v23.14.0.70 and Android v2.23.14.16 and later. WhatsApp users can anticipate a sticker tray to come up over the message box. WhatsApp is developing a filter bar to make discussions easily searchable by categories. Users can filter their conversations outside of […]

MTN to invest $3.5bn in Nigeria's economy
Telecommunications

MTN to invest $3.5bn in Nigeria’s economy

The MTN Chief, Mcebisi Jonas, has revealed that the company plans to invest $3.5 billion in the Nigerian economy over the next five years. He made this known during the meeting at the State House in Abuja where the president of Nigeria, Bola Tinubu, reassured investors in the telecoms industry of his administration’s resolve to remove barriers […]

Indian court dismisses PepsiCo’s appeal against revocation of potato patent
Business

Indian court dismisses PepsiCo’s appeal against revocation of potato patent

An Indian court dismissed PepsiCo Inc.’s appeal against a decision to revoke a patent on a potato variety bred specifically for the well-known Lay’s potato chips produced by the New York-based business. According to Reuters, the FC5 potato variety owned by PepsiCo had intellectual property rights that were canceled in 2021 by the Protection of […]

Tesla awaits approval to launch smart driving feature in China
News Tech

Tesla introduces referral programme to boost sales

Electric car maker, Tesla has introduced a new referral programme that allows customers to receive additional incentives through recommendations from current customers. For customers in the US who buy the Model 3 or Model Y, the incentive, which Tesla called “Refer and Earn” on its websites, is comparable to $500 in cashback. Additionally, three months […]

Elon Musk sues law firm over Twitter buyout charges
News Tech

Elon Musk sues law firm over Twitter buyout charges

Twitter launched a lawsuit against the elite corporate law firm Wachtell, Lipton, Rosen & Katz on Friday, accusing it of taking advantage of its client by charging Twitter $90 million in legal costs for “a few months” of services. The lawsuit wants to recover the money spent. “Fully aware that nobody with an economic interest […]

Investors make N182bn in one week
Economy

Local unlisted securities gain 1.86% as market cap hits N1.1tn

The Nigerian Exchange Limited appears to be moving quickly as some local unlisted securities have gained 1.86% as the market cap reached N1.1 trillion According to The Times, due to continued bargain-hunting brought on by restored interest in local equities by both domestic and foreign investors, the stock market increased by 1.65% on Friday. The […]

Stop forex restriction on items, impose tariffs, W’Bank tells FG
News

Stop forex restriction on items, impose tariffs, W’Bank tells FG

  The World Bank has advised the Central Bank of Nigeria to terminate its foreign exchange restrictions on 41 products. According to the report, titled,”Nigeria Development Update (June 2023): Seizing the Opportunity,” the body stated that this would complement efforts to reduce inflation through a sequenced and coordinated blend of monetary, fiscal, and trade policies. […]

Customs, transport ministry team up to boost trade
Business

Customs, transport ministry team up to boost trade

The Federal Ministry of Transportation and the Nigeria Customs Service claim to be working together to develop and put into effect policies that will improve trade facilitation. This Punch reported that this was stated on Thursday in Abuja when the Assistant Comptroller-General of Customs, Adewale Adeniyi, hosted a delegation from the Federal Ministry of Transport, headed […]

NNPCL fuel subsidy gains not fully remitted - World Bank
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How personnel costs, debt servicing surpassed 2022 FG’s revenue – W’Bank

A report from the World Bank has shown that for the first time, the Federal Government’s spending on personnel costs and debt servicing in 2022 exceeded its total revenue. The Punch reported that this information was revealed in the Nigeria Development Update for June 2023. During the time period under study, the Federal Government used 102% of its […]

Arab-African trade invests $1.5bn to tackle food security
Business

Arab-African trade invests $1.5bn to tackle food security

The Executive Committee of the multi-donor, interregional Arab-Africa Trade Bridges Programme on Thursday unveiled a US$1.5 billion food security program to address the concerns of food insecurity in the Arab and African regions. According to BusinessDay, the crisis continues to be a major priority on the international development agenda and is one of the biggest […]

Business

Prudential zenith records 18% profit in 2022

Prudential Zenith Life Insurance Ltd. has reported a profit after tax of N1.33 billion for the fiscal year ending December 31, 2022. According to the News Agency of Nigeria, when compared to the N1.131 billion recorded in 2021, the amount increased by 18%. This information was provided by the company in a statement that was released […]

Friendly market policies'll boost Nigeria's credit profile - NGX
Business

PHOTOS: Tinubu receives MTN chair, NCC boss at Aso Villa

President Bola Tinubu met with the Executive Vice Chairman of the Nigerian Communications Commission, Dr. Umar Garba Danbatta,  and the Group Chairman of MTN, Mr. Jonas Mcebisi, who was accompanied by his team. The meeting took place on Friday in the State House in Abuja, with negotiations taking place behind closed doors. MTN is one of Nigeria’s top […]

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