Business

Ethiopia’s Commercial Bank Struggles After ‘Systems Glitch’ Allows Customers Withdraw Millions

Over $40 million has left Ethiopia’s largest bank as systems glitch causes excess withdrawals.

7 months ago

Naira Strengthens at Official Window to N1,597/$1

The Naira has remained unchanged at the parallel market at N1,600/$1 for five days.

7 months ago

Nigeria Eyes $3.6bn in Historic Talent Outsourcing Initiative

The ministry of Trade and investment has signed an MoU with Lab four to create 50,000 BPO jobs in Nigeria.

7 months ago

Alleged Terrorism Financing: Court Orders Binance to Release Data to EFCC

EFCC says information provided by Binance shows total trading volume from Nigeria in 2023 alone stood at $21.6 billion.

7 months ago

Uber Agrees To Pay $178.3 Million Settlement To Australian Taxi Drivers Following Lawsuit

An Australian lawsuit initiated against Uber in 2019 has ended with Uber paying $178.3 million to over 8,000 drivers.

7 months ago

Nigeria Urged to Release Detained Binance Executives

Tech Analyst Bright Johnson argues that detaining the Binance employees is a misguided move that could backfire on Nigeria.

7 months ago

National Assembly, NGX, SEC, Others Hail Africa’s First Institute of Capital Market Studies

Nasarawa State University has been hailed for blazing the trail with Africa's First Institute of Capital Market Studies.

7 months ago

Nigeria to Double VAT to 15% by 2027, Economist Intelligence Unit Predicts 

The EIU has predicted the naira to weaken to N2,381 to the dollar by 2028.

7 months ago

Uzodimma, Oramah Meet, Explore Opportunities For $1.5bn Investments In Imo State

Governor Uzodimma ssys Imo State will be better off after discussions with Afreximbank President Oramah on possible investments.

7 months ago

Nigeria and Japan’s Trade Volume Stands at $10bn, Says Japanese Envoy

The Japanese Ambassador to Nigeria says efforts are geared towards improving trade relations between both countries.

7 months ago