Business News

The US Securities and Exchange Commission (SEC) has sued Elon Musk, accusing him of failing to disclose his 5% stake in Twitter within the required 10-day period, allowing him to...

The Central Bank of Nigeria has sanctioned nine Deposit Money Banks with fines totalling N1.35bn for failing to ensure cash availability via Automated Teller Machines during the festive season. Each...

Except there is any other intervention, telecommunication companies (Telcos) have issued an ultimatum to suspend Unstructured Supplementary Service Data (USSD) services due to unpaid bank debts amounting to N250 billion....

Nigeria secured $7.6 billion in investment commitments at the 2024 Africa Investment Forum, held from December 4 to 6 in Rabat, Morocco. The event, hosted by the African Development Bank...

The Nigerian government has granted permission to telecommunications service providers to raise the prices of voice calls, data plans, and SMS messages. The Minister of Communications, Innovation and Digital Economy,...

The China Development Bank (CDB) has granted a loan of $254.76 million (€245 million) to Nigeria to aid the ongoing construction of the Kano-Kaduna railway project, ensuring its smooth progress...

The Socio-Economic Rights and Accountability Project (SERAP) has urged Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), to provide clarity on the alleged...