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Business & Economy

Breaking: Nigeria records 3.4% economic growth in 2021 – NBS

The National Bureau of Statistics, NBS, said that the nation’s economy grew by 3.4 per cent in 2021, up from the 1.92 per cent...

MTNN Dividend Payment Jumps 40% after Earnings Beat

MTN Nigeria Plc has raised dividend payout to its shareholders by 40 per cent, according to the company's financial statement. This follows a steller...

Oil price hits $85 a barrel

Oil price surpassed $85 a barrel for the first time in three months. On Wednesday, Brent crude futures, the global benchmark, rose 1.66% to $85.11...

FG lifts ban on Twitter

President Muhammadu Buhari has lifted the suspension on Twitter operations in the country, effective from 12am, January 13, 2022. This was disclosed in a press...

FG slams 6% tax on Amazon, Twitter, iCloud, others

The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed has disclosed that the federal government would henceforth charge offshore companies providing digital...

Apple hits $3trn market value…now worth more than all cryptocurrencies

Apple has become the first American company to reach a market capitalisation of $3 trillion. On Monday, the company crossed the $3 trillion mark when...

Buhari appoints Doyin Salami as Chief Economic Adviser

President Muhammadu Buhari has appointed Dr. Doyin Salami as the Chief Economic Adviser to the President (CEAP). Before his new appointment, Salami was Chairman of...

MTN, Mafab win 5G spectrum auction …Airtel drops at...

South African telecommunication giant, MTN and Mafab Communications have snapped up the two slots available for deployment of of 5G technology in Nigeria. The...

Nigeria’s FX reserves to surpass $42 b mid-2022 – Emefiele

Going by the current trajectory of growth in Nigeria's foreign reserves, the Governor of the Central Bank of Nigeria, Godwin Emefiele has assured that...

Facebook rebrands…changes name to Meta

FACEBOOK has announced that it's changing its name to Meta. Billionaire Mark Zuckerberg announced the shock rebrand during his future-gazing Facebook Connect keynote speech –...

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