Category: Business

MTN to merge Momo, Yello financial subsidiaries

Telecommunications company, MTN Nigeria, plans to merge two of its finance subsidiaries – Momo Payment...

SVB Financial seeks bankruptcy protection

SVB Financial Group has on Friday filed for Chapter 11 bankruptcy protection in order to...

China cuts bank reserve first time in 2023

China’s central bank announced on Friday that it will reduce the amount of cash that...

Hundreds of flights cancelled over German airport strike

German airport’s strikes over pay and work conditions have resulted in the cancellation of hundreds...

NCC to regulate data depletion for telecom consumers 

The Nigerian Communication Commission stated on Thursday that it will take steps to regulate data...

Weekly jobless claims in US drops below prediction

The number of Americans submitting new unemployment benefit claims dropped more than anticipated last week,...

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...

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...

Lagos community begs Ikeja Electric foe new transformer  

Members of Alimosho Local Government Area of Lagos, have appealed to a Nigerian Distribution Company,...

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,...

Nigeria’s inflation rate hits 21.91%

The National Bureau of Statistics on Wednesday reported that Nigeria’s inflation rate has risen to...

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...