Business

Transcorp announces Q1 profit of ₦50.7bn despite revenue

  • 25th April 2026

ADVAN recognised for advancing marketing practice, societal impact

  • 25th April 2026

International Breweries posts ₦40.31bn pre-tax profit in Q1

  • 25th April 2026
Nigerian crypto firm convicted for illegal USDT-Naira transactions, forfeits N140m

EFCC arrests ex-Skye Bank CEO Tunde Ayeni over

  • 25th April 2026

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Trump cancels Iran peace talks in Pakistan

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Resident doctors suspend strike as FG reverses allowance cut

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Transcorp announces Q1 profit of ₦50.7bn despite revenue dip

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UBA’s gross earnings hit ₦3tr

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NCC, Telecom operators urge states to review policies for broadband expansion
Business

NCC to regulate data depletion for telecom consumers 

The Nigerian Communication Commission stated on Thursday that it will take steps to regulate data depletion and make sure telecom consumers got their money’s worth. According to NCC, Data depletion is one of the most common complaints from telecoms consumers. The Executive Vice Chairman/ Chief Executive Officer, NCC, Prof Umar Danbata made this statements at […]

US adds over 500,000 jobs despite global workforce reduction
Business

Weekly jobless claims in US drops below prediction

The number of Americans submitting new unemployment benefit claims dropped more than anticipated last week, indicating ongoing labor market strength in the country. The Labour department said on Thursday that, “Initial claims for state unemployment benefits dropped 20,000 to a seasonally adjusted 192,000 for the week ended March 11.” Meanwhile, Reuters’ survey of economists predicted […]

TLG Capital, OnePipe sign N2.25bn agreement to finance Nigerian SMEs
Business

TLG Capital, OnePipe sign N2.25bn agreement to finance Nigerian SMEs

TLG Capital, a pan-African alternative investment firm today declared that it has teamed up with OnePipe to offer financial services to Nigeria’s unorganized sector. The firm is giving N2.25 billion Naira in a collateralized loan facility to OnePipe, a Nigerian financial infrastructure company that uses its technological platforms to enable conventional businesses to incorporate financial […]

Foxconn
Business

Apple supplier Foxconn plans $200m AirPod factory in India

Apple’s largest IPhone assembler, Foxconn has won an order to make AirPods for Apple and plans to establish the factory for the wireless earphones in India. This was according to the information Igotten from two individuals with direct knowledge of the company’s decision and told Reuters. This contract will make Foxconn an AirPod supplier for […]

Ikeja Electric Distribution office
Business featured

Lagos community begs Ikeja Electric foe new transformer  

Members of Alimosho Local Government Area of Lagos, have appealed to a Nigerian Distribution Company, Ikeja Electric to fulfil the promise it made to install a relief transformer to the community. The members of the local government that made that plea with the DISCO company are those of the Prestige Community Development Association in Heritage […]

US arrests Chinese tycoon Wengui over $1bn fraud
News

US arrests Chinese tycoon Wengui over $1bn fraud

  US authorities have accused a New York-based Chinese property tycoon, Guo Wengui of a billion-dollar fraud. BBC reported that Wengui and one of his business partners, Kin Ming Je, were charged for wire fraud, securities fraud, bank fraud and money laundering. Mr Guo is known to be an associate of ex-White House chief strategist […]

United States Flag attached to a building
Business

US business inventory declines first time in two years

U.S. business inventories declined  for the first time in close to two years in January, possibly setting the stage for inventory investment to slow first-quarter economic growth. This was disclosed by the Commerce Department on Wednesday. It said the drop was about 0.1% It was the first decrease and the worst reading since April 2021, […]

Chams appoints new executive-director
Appointments

Chams appoints new executive-director

Mr. Mohammed Bashir Yunusa has been appointed as a Non-Executive Director of the business by Chams Holding Company Plc. According to Nairametrics, this information was sent in a notice to the Nigerian Exchange Limited. The nomination of Yunusa was effective as of January 1, 2023, according to a declaration that was signed by Yetunde Emmanuel, […]

inflation
Business featured

Nigeria’s inflation rate hits 21.91%

The National Bureau of Statistics on Wednesday reported that Nigeria’s inflation rate has risen to 21.91%. The increase in inflation rate accounts for about 0.09 per cent  from the previous January inflation rate of 21.82 per cent. This information was revealed by a recent Consumer Price Index report by the National Bureau of Statistics on […]

BMW Electric Vehicle
Business

BMW projects EVs to hit 50% of sales in 2030

The automaker, BMW said on Wednesday it projects over 50% of new sales to be all-electric vehicles well ahead of its 2030 target. According to Reuters, BMW envisions a hydrogen-powered car going into production in the second half of the decade. The company said, “By 2025, a fourth of new sales will be all-electric.” It […]

Samsung to set up factories, invest $230b in S'Korea chipmaking
News

Samsung to set up factories, invest $230b in S’Korea chipmaking

    By Christian George A renowned tech firm, Samsung Electronics has concluded plans to add up five chipmaking base as well as invest $230 billion in South Korea. This was a private-sector investment plan unveiled by the government on Wednesday, reiterating that it is an effort towards making the country world’s largest chip-making base, […]

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