Business

Cashew industry generates over $400m from export –

  • 23rd January 2026

Nestlé ‘recovers all plastic’ placed on Nigerian market

  • 23rd January 2026

Tinubu approves commercial oil exploration at Tongeji Island,

  • 23rd January 2026

Seplat Energy appoints Tony Elumelu as non-executive director

  • 22nd January 2026

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Cashew industry generates over $400m from export – FACAN

Business

CBN refund billions as 2025 customer complaints hit record

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Tinubu approves incentives to fast-track Shell’s $5bn Bonga S’west

Business

FG disburses N152bn to contractors amid ongoing payment protests

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Bitcoin holder Micro Strategy loses $440K to hackers
Crypto

Bitcoin falls to $30K

Alex Omenye Despite the United State’s government endorsing Bitcoin Spot ETFs, the price of bitcoin fell precipitously in January. A striking contrast to the lofty trusts that the cryptocurrency sector had before the SEC made its decision. Bitcoin ETFs have sparked intensely optimistic estimates for the price of BTC and have been hailed as a […]

Otedola asks top First Bank official to resign over 'wasteful party'
Business featured

Forbes: African billionaires’ combined wealth hits $82.4bn

Forbes estimates that Africa’s wealthiest individuals have a combined net worth of $82.4 billion, and the return of Nigerian billionaire investor Femi Otedola to the list has boosted their fortunes. According to The Times, prior to Otedola’s return to Forbes as Nigeria’s fourth richest person with $1.2 billion, the combined wealth of Africa’s billionaires was […]

Apple to pay artists to have spatial versions
Business

Apple to pay artists for spatial versions

Alex Omenye Apple has disclosed it will pay additional royalties starting this month to artists to have a spatial audio version on Apple Music. The royalties will be up to 10% if an artist has all their songs in spatial audio, according a report by 9to5Mac. “Pro-rata shares for Spatial Available plays will be calculated […]

Equity market maintains positive trend with N673bn gain
Business

Equity market maintains positive trend with N673bn gain

The equity market continued to rise on Monday, with investors gaining N673 billion. The PUNCH reported that the All-Share Index and the exchange’s market capitalization increased by 1.30 per cent at the end of trade to close at 95,768.12 basis points and N52.408tn, respectively. Market participation decreased despite the favourable trading, as the volume and value of […]

Bricklinks Africa's revenue falls by 9%
Business

Bricklinks Africa’s revenue falls by 9%

Internet Service Provider, Bricklinks Africa, has reported a 9.82 per cent revenue decline for the fiscal year ending December 2023. The PUNCH reported that according to the financial statements for the fiscal year ending December 31, 2023, filed with the Nigerian Exchange Limited on Monday, the ISP’s turnover decreased to N96.770m from N107.312m in 2022. During […]

FIRS announces new TAXPR-MAX platform for CbCR
News

FG approves new organizational structure for FIRS

The Federal Government has authorized a new organizational structure for the Federal Inland Revenue Service to improve operations. The agency announced this on Monday in a statement signed by the Special Adviser Media to the Executive Chairman of FIRS, Dare Adekanmbi. It announced that it would be undertaking a massive restructure. He claimed that the […]

Google signs $3bn US hydropower deal amid AI energy race
Tech

Alphabet’s X lab lays off staff

Alphabet’s division dedicated to developing new technologies is letting go of dozens of employees, Bloomberg News reported on Monday. X Lab is restructuring its organizational structure to facilitate the easier spin-out of its projects from the division with backing from Alphabet and other investors. Support staff members were the primary targets of the layoffs. “X […]

Dangote cement hits historic N10trn market capitalization
Business

Dangote cement hits historic N10trn market capitalization

Dangote Cement’s market capitalization surpassed N10 trillion at the conclusion of trade on Monday, making it the first business to reach that milestone on the Nigerian Exchange. According to The PUNCH, it closed trading with a market capitalization of N10.098tn. In eight months of Tinubu’s administration, Nigeria’s stock market has led the world. Dangote Cement […]

Cooking gas prices skyrocket by 114% in 16 months - Report
Energy

10 states with highest cooking gas price

The average cost of a 5kg cooking gas cylinder saw a national increase of 8.70%, rising from N4,565.56 in December 2022 to N4,962.87 in December 2023. This information was revealed in the December 2023 Liquified Petroleum Gas price watch report published by the National Bureau of Statistics NBS. Notably, the price of cooking gas showed […]

Top 100 companies to watch for remote jobs in 2024
Tech

Top 100 companies to watch for remote jobs in 2024

FlexJobs has unveiled the Top 100 Companies to Watch for Remote Jobs, with Working Solutions, LiveOps, and CVS Health topping the top three positions. A survey of more than 60,000 American businesses and their remote job advertising from January 1, 2023, to December 31, 2023 resulted in the recently released 11th annual ranking. According to […]

Meta introduces message summaries to WhatsApp
Tech

WhatsApp to add wireless file transfer feature

Every year, WhatsApp adds a ton of new features. It appears that the platform is developing a function that will allow users to transfer files wirelessly. It appears that devices that are close to one another can use this capability. This is in addition to the file-sharing features currently found on iPhones and Android cellphones. […]

Terraform Labs files for bankruptcy
Crypto

Terraform Labs files for bankruptcy

Crypto company, Terraform Labs, the company that caused the collapse of two stablecoins, Luna and TerraUSD, to wipe approximately $40 billion from the cryptocurrency market filed for Chapter 11 bankruptcy protection on Sunday. According to Bloomberg, the cryptocurrency company’s estimated liabilities and assets fall between $100 million and $500 million, and its estimated creditor count […]

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