Business

Apple Sales Experience Record Decline, Fall By $90.8 Billion In Q1 2024

Apple has announced a historic $110 billion share buyback program despite fall in sales.

5 months ago

Naira Dips at Official to N1,402/$1, Parallel Market to N1,380/$1

The Naira has suffered further loss with the NAFEM Window and parallel market closing at N1,402.67/$1 and N1,380/$1 respectively.

5 months ago

NDIC Increases Deposit Insurance Coverage Levels Across Nigerian Financial Institutions Amid Inflation, Naira Depreciation

NDIC has increased deposit insurance limits, aiming to shield depositors from financial uncertainties and bolster trust in banking.

5 months ago

Afreximbank Advocates for Strategic Investment in Africa’s Gold Sector

Afreximbank says a gold rally presents opportunity for long-term infrastructure and social investments for Africans.

5 months ago

Ethiopian Airlines Projects 30% Increase In Passenger Numbers

Ethiopian Airlines which transported 13.9 million passengers in the last fiscal year, is projecting a 30% increase in passengers.

5 months ago

Transcorp Hotels Shareholders Consent To N2.05bn Dividend Amid Expansion Plans

Transcorp Hotels shareholders have approved N2.05bn dividend, praising expansion plans, and commending board and management for leading profitability path.

5 months ago

Fuel Scarcity: Petroleum Marketers Are Not Profiteering By Increasing Fuel Prices, Businesses Need To Survive, Says Gillis-Harry

"If we sell fuel at the price everybody is expecting, we would be out of business," says PETRON President Gillis-Harry.

5 months ago

Nigeria Deregulates Electricity Market for Meter Asset Providers, Introduces Competitive Bidding

NERC has mandated competitive bidding for meter prices starting May 1, providing customers with options from authorised vendors.

5 months ago

CBN Orders Fintech Firms OPay, Palmpay, Kuda Bank, Moniepoint To Suspend Onboarding of New Customers

CBN has directed fintechs OPay, Palmpay, Kuda Bank, and Moniepoint to suspend new customer onboarding until further notice.

5 months ago

We’ll Make Oyo State A Modern Agribusiness Hub in Sub-Saharan Africa, Says Governor Makinde

Oyo Governor Makinde has promised to improve infrastructure and security with a view to attracting large investments in agriculture.

5 months ago