Business

Indian Microblogging Platform Koo Shuts Down, Millions Affected

Koo, India's homegrown microblogging platform, got shut down due to funding shortage and high technology costs, leaving millions stranded.

3 months ago

Jeff Bezos to Sell Nearly $5bn Worth of Amazon Shares Amid Record Stock Market Valuation

Jeff Bezos has revealed plans to sell 25 million Amazon shares worth nearly $5bn after a record high market valuation.

3 months ago

Power Distribution Companies Raise Tariffs for Band A Customers From N206.80/kWh To N209.5/kWh

Nigeria’s electricity discos have announced an increase in tariffs for Band A customers from N206.80/kWh to N209.50/kWh, effective July 1.

3 months ago

Major Deals Set To Propel Nigeria’s Oil Sector As NUPRC Completes Agip, Equinor Asset Sales

The NUPRC has finalised regulatory processes for Eni and Equinor's assets sales.

3 months ago

Nigeria Launches Operating Model For Economic, Financial Inclusion

Shettima has kicked off the implementation process of a project designed to combat poverty and catalyse sustainable economic growth.

3 months ago

FMO, FCMB Sign $25 Million Agreement To Aid Small Businesses In Nigeria

FMO and FCMB have signed a $25 million NASIRA guarantee, aiming to boost SMEs and support agri-tech innovation in Nigeria.

3 months ago

Afreximbank Report: Intra-African Trade Now 14.9% of Total African Trade, Grew by 3.2% in 2023

Afreximbank has reported that Intra-African trade grew to 14.9% of total African trade in 2023, up from 13.6% in 2022.

3 months ago

Access Holdings Conducts Signing Ceremony for Proposed N351bn Rights Issue

Access Holdings is set to raise N351 billion through Rights Issue, aiming to enhance working capital and facilitate growth.

3 months ago

Nigeria-UK Trade Hits €35bn With Positive Balance For Nigeria At €10bn

The European Union has commended Nigeria for offsetting $850 million debt to foreign airlines, boosting foreign trade outlook.

3 months ago

Nigeria Announces New Regulations for Deduction of Tax at Source

Nigeria's finance ministry has exempted small companies, unincorporated bodies with Tax ID and transactions under N2 million from new regulations.

3 months ago