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Business & Economy

Update: Yemi Cardoso heads eight-man team to rebuild Lagos

Governor Babajide-Sanwo-Olu of Lagos today named the Chairman of Citi Bank Nigeria, Yemi Cardoso to head an eight-man board of the Lagos Rebuilding Trust...

FAAC disburses N682.06 billion to 3 tiers of govt in September

The Federation Account Allocation Committee (FAAC) disbursed the sum of N682.06bn to the three tiers of government in September 2020. This is contained in the latest...

CcHUB spreads its wings wider, acquires Kenya’s leading edTech company, eLimu

Co-creation Hub (CcHub) has announced the acquisition of eLimu, a Nairobi, Kenya-based leading EdTech firm and digital educational content provider in East Africa....

Instagram apologises for flagging #EndSARS posts as ‘false information’

Photo and video sharing service provider, Instagram has apologised for ignorantly flagging posts in support of the #EndSARS protests in Nigeria as false information....

NUPENG denies rumours of ordering oil installations and fuel stations to shut down

The leadership of the National Union of Petroleum and Natural Gas (NUPENG) has dispelled the story that it ordered its members to shut down...

Stripe acquires Nigerian startup, Paystack for a reported $200 million in the biggest fintech acquisition in Nigeria’s history

Global Fintech giant, Stripe has bought a Nigerian fintech startup, PayStack, for $200 million, in a deal that is arguably the biggest M&A deal...

2021 appropriation bill, a violation of Fiscal Responsibility Act, Atiku

Former Vice President, Alhaji Atiku Abubakar has picked holes in the proposed N13.08 trillion 2021 budget, saying it contravenes the provisions of the Fiscal...

WTO: Okonjo-Iweala is one of the two finalists in the race for DG

Nigeria's former Finance Minister, Ngozi Okonjo-Iweala has emerged as one of the two candidates that advanced to the final round in the race to...

Uber increases fares in Nigeria

The Nigerian business of ride-sharing giant, Uber Technologies, Inc., commonly known as Uber, has increased fares on its UberX with effect from Tuesday, October 6,...

French firm acquires 6.5% of MultiChoice

MultiChoice Group, the owner of DStv and Showmax, surprised investors on Monday when it revealed that France’s Groupe Canal+ has acquired 6.5% of its equity,...

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