Category: Business

Naira falls at parallel market, gains on I&E window

Naira experienced a decline of 0.54 per cent against dollar, closing at ₦750 on the...

Volvo Cars delays production of electric SUVs

Sweden-based automobile giant, Volvo Cars has announced a delay in the production of its new...

Siemens profit hits 39% increase first quarter

The Indian branch of Siemens AG, Siemens Ltd, on Thursday, reported a 39 per cent...

FCTA reopens Garki Market after closure for inadequate sanitation

The Garki International Market in Nigeria has reopened after being closed last week due to...

Nigeria’s oil production drops by one million barrels – FG

The Federal Government of Nigeria revealed on Wednesday that the country’s oil production is presently...

Elumelu’s firm acquires 70m units of UBA shares

A private equity firm, HH Capital, founded by a Nigerian billionaire and the chairman of...

Shell wins 2011 oil spillage case

The UK Supreme Court has decided that it is too late for Nigerian citizens to...

KPMG faults FG’s tax rate increase

The financial advisory giant, KPMG has faulted the Federal government’s increase in excise duty, stating...

Metaverse to contribute $760bn to US GDP by 2035 – Report

A study commissioned by the owner of Facebook, Meta Platforms, has revealed that Metaverse could...

Amazon to open more warehouses in Europe

Amazon is planning to increase its presence in Europe by opening new warehouses and hiring...

UAE cancels Airbus H225M helicopters deal

The United Arab Emirates has reportedly cancelled a 2021 deal with Airbus to acquire twelve...

Nigeria on track to full electrification – Osinbajo

Vice President, Prof. Yemi Osinbajo has stated that Nigeria is on track to achieving national...