Business

Mercedes-Benz Slashes Profit Target Again, Blaming Slowing China Market

Mercedes-Benz's profit outlook has taken a hit as China's luxury car market slows. Shares plummet 7.5%.

6 hours ago

Afreximbank Extends $12m Credit Facility to São Tomé and Príncipe

Afreximbank has given a $12 million credit facility to São Tomé and Príncipe, highlighting commitment to development and investment opportunities.

1 day ago

Microsoft, BlackRock To Launch $30bn AI Infrastructure Fund

Microsoft and BlackRock have plans to launch a $30 billion AI infrastructure fund to support the development of data centres…

1 day ago

CBN Reintroduces Controversial Cybercrime Levy For All Electronic Transactions, Reduces Levy To 0.005%

The CBN has reduced the cybersecurity levy to 0.005% for electronic transactions, providing updated compliance details.

1 day ago

Google Wins Challenge Against $1.66 Billion Antitrust Fine in Europe

Google has won an appeal against $1.66 billion antitrust fine, citing European Commission's failure to consider all relevant circumstances properly.

2 days ago

Keyamo: Nigeria to Become Africa’s Leading Aviation Hub by Boosting Local Airlines, Opening Routes

Nigeria seeks to boost aviation sector with key reforms, targeting increased local airline capacity and global expansion.

2 days ago

Capital Market Crucial To Nigeria’s Trillion-Dollar Economy Target, Says VP Shettima

“We are now in a knowledge-driven age; without the skill set, we cannot make much progress," Shettima said.

2 days ago

Nigeria Reassures Indigenous Airlines Of Better Working Environment

Allen Onyema says the signing of CTC practice direction will transform Nigeria into Africa's economic powerhouse.

3 days ago

Amazon To End Flexible Work Policy, Mandates 5-Day Office Week For Corporate Employees

Amazon CEO Andy Jassy has mandated corporate employees return to office five days a week, ending flexible work policy permanently

3 days ago

Nigerian Maritime Operations Hit By Silt Buildup in Escravos Channel, Vessels Grounded For Days

Business activities along the Escravos waterway are suffering due to silt accumulation, hindering vessel movement and costing Nigeria significant revenue.

3 days ago