MTN Nigeria o Saturday declared revenue of N790.3 billion (about $1.9bn), representing an increase of 24.1 per cent in its unedited half year results for the period that ended on

Royal Dutch Shell has launched a major divestment of its Nigerian assets, several sources familiar with the matter said. Shell has hired Standard Chartered to sell its Shell Petroleum Development

As a way of boosting Kenya’s capacity in waging war against terrorism, the country’s armed forces has signed a deal worth Sh9.87 billion with Turkish armoured vehicles manufacturer Katmerciler. The

Airtel Africa Plc has announced a net profit of $142 million in the fiscal first quarter as revenue grows 31% to $1.1billion. The company’s Q2 2021 unaudited results for the

FCMB Group Plc has reported a significant gross revenue of N94.2billion and profit before tax of N8.9billion in its unaudited interim earnings report for the first half of 2021. The

Black Widow has a new enemy: the Walt Disney Co. Scarlett Johansson, star of the latest Marvel movie “Black Widow,” filed a lawsuit Thursday in Los Angeles Superior Court against

The naira appreciated to N520 to a dollar on the parallel market on Thursday, stronger than the N525 to a dollar it closed the previous day. The appreciation came as

The International Monetary Fund (IMF) has warned against the adoption of cryptocurrencies like Bitcoin and Ethereum as legal tenders. As contained in a blogpost titled ‘Crypto Assets as National Currency?

The Mauritius Commercial Bank Limited (MCB) has successfully signed a $20Million term loan facility with Bank of Kigali Plc to support its strategic growth objectives. The loan proceeds will be

Following the Central Bank ban on the sales of FX to Bureaux de Change (BDC) operators, the apex bank is set to refund all capital deposits and licensing fees to

A prominent Chinese billionaire has been sentenced to 18 years in prison, the latest in a string of punishments against outspoken corporate bosses. Sun Dawu runs one of the country’s

By putting an end to the sale of foreign exchange (FX) to Bureau De Change (BDC) operators, Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has “disrupted one

The total value of capital importation into Nigeria has fallen to $875.62 million in the second quarter (Q2) of 2021, according to the latest report by the National Bureau of

The International Monetary Fund (IMF) has revised upward its growth forecast for the Nigerian economy in 2022  by 0.3 per cent to 2.6 per cent compared to its earlier projection

The Chairman of Nigeria’s Independent Corrupt Practices and Other Related Offences Commission (ICPC), Prof. Bolaji Owasanoye, on Tuesday said the private sector was responsible for over 60 per cent illegal

Tech giants have reported soaring profits as consumers upgraded their devices and sought cloud storage during lockdowns. Apple’s profits nearly doubled to $21.7bn (£15.6bn) in the three months to 30

The Central Bank of Nigeria (CBN) on Tuesday released a total of $200 million to all commercial banks in the country as part of efforts to meet dollar demand for

The share price of Oando Plc has since joined the Nigerian Exchange Limited’s top gainers with a 9.87 per cent increase in its share price from N3.97 on July 23,

The Central Bank of Nigeria (CBN) has banned sale of foreign exchange (FX) to Bureau De Change (BDC) operators in the country accusing them of illegal forex trading. Governor of