US govt demands breakup of Google’s digital ad business
The United States government asked a federal judge on Friday to order the breakup of Google’s digital advertising business, arguing that the…
Business
Lilly becomes first drugmaker to hit $1tn valuation
Eli Lilly became the first health-care company to reach a $1 trillion market capitalisation on Friday, joining an elite group largely made…
Global coffee prices drop after US slashes 40% Brazil tariffs
Global coffee prices tumbled on Friday after United States President, Donald Trump, lifted 40 per cent tariffs on Brazilian agricultural imports. US…
FBNQuest appeals ruling unfreezing Nestoil’s alleged $1bn assets
FBNQuest Merchant Bank Limited and First Trustees Limited have asked the Court of Appeal, Lagos, to restrain Nestoil Limited, Neconde Energy Limited…
Nigeria’s economy still faces hurdles, says CBN
The Central Bank of Nigeria says that although recent reforms have contributed to restoring macroeconomic stability, significant work remains in improving living…
Cybercrime, corruption drain Africa $80bn annually — ICPC
The Chairman of the Independent Corrupt Practices and Other Related Offences Commission, Musa Aliyu, has warned that cybercrime, corruption, and illicit financial…
CBN recirculated dirty banknotes in 2022, audit reveals
The latest annual audit of the Office of the Auditor-General of the Federation has revealed new violations in the Central Bank of…
DMO unveils N460bn auction of existing govt bonds
The Debt Management Office has unveiled a new auction offering, featuring the re-opening of two existing Federal Government Bonds with a total…
Delayed social media responses cost SMEs significant revenue
Small and medium-sized enterprises across Nigeria are losing significant sales due to slow and inconsistent responses to customer inquiries on WhatsApp and…
Nigeria’s foreign reserves surpass $46bn, highest since 2018 — Cardoso
Nigeria’s foreign reserves have surpassed $46 billion, the highest level since 2018. The Central Bank Governor, Yemi Cardoso, made this disclosure at…
EU probes Amazon, Microsoft over cloud dominance
Amazon and Microsoft may soon face tougher EU competition measures, as Brussels launches investigations into their dominance in cloud services. European Commission…
Dangote Refinery denies tariff suspension triggered petrol price drop
Dangote Petroleum Refinery has refuted reports that the recent drop in petrol pump prices was caused by the Federal Government’s suspension of…