Category: 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...

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...

Banks slash travel allowance, foreign school fees over FX shortage 

Deposit Money Banks have slashed the amount their customers can apply for Personal Travel Allowance...

Foreign airlines stranded funds hit $743m

The International Air Transport Association revealed on Tuesday that the foreign airline funds trapped in...

CBN holds MPC meeting March 20, 21

The Central Bank of Nigeria has on Tuesday announced the date for its 290th Monetary...

US firm launches $30m fund for women-owned startups

Los Angeles Cleantech Incubator has launched a second fund and it’s supported by the former...

Lagos airport runway shutdown mustn’t exceed eight weeks – Stakeholders

The Federal Airports Authority of Nigeria have been advised by some stakeholders to stick with...

Group target ‘ambitious’ N30trn asset in 30 years

Lancelot Group has announced its  projections to grow its assets to N10tn in the next...

Shareholders sue Silicon Valley Bank, CEO, CFO for fraud 

Silicon Valley Bank Financial Group, the Chief Executive Officer, and Chief Financial officer were sued...