Business
Bloomberg Ranks Nigeria 9th Among Top African Investment Destinations
Nigeria has been ranked 9th among the top African investment destinations, according to a recent report by Bloomberg. The assessment, which covered 31 nations on...
Business
Boycott Conspiracy: X Files Antitrust Lawsuit Against Industry Giants
In a dramatic escalation of tensions between X (formerly known as Twitter) and major industry players, X’s CEO, Linda Yaccarino, has publicly denounced a...
Business
Gold Falls for Second Day as US Dollar Strengthens and Treasury Yields Climb
Gold prices fell below the $2,400 mark on Tuesday, trading at $2,389, as rising US Treasury yields and a strengthening US Dollar continued to...
Business
Stock Crisis: Bezos, Zuckerberg, Musk Other Billionaires Lose Billions
Jeff Bezos, the founder of Amazon, saw his wealth plummet by $15 billion in just one day, as part of a broader market downturn...
Business
CBN Okays Bailout, Merger For Providus, Unity Bank
The Central Bank of Nigeria (CBN) has granted approval for financial accommodation to support the proposed merger between Unity Bank Plc and Providus Bank...
Business
Fitch Downgrades Dangote Industries
Fitch Ratings has downgraded Dangote Industries Limited (DIL) from ‘AA(nga)’ to ‘B+(nga)’, placing the company on Negative Watch. The move reflects mounting financial pressures and...
Business
Nigeria’s Business Environment Is So Difficult – Ex-CBN Deputy Governor
Kingsley Moghalu, former Deputy Governor of the Central Bank of Nigeria (CBN), has expressed profound empathy for entrepreneurs in Nigeria, highlighting the severe difficulties...
Business
Obasanjo Warns of Potential Sabotage Against Dangote Refinery
Former Nigerian President Olusegun Obasanjo has voiced significant concerns regarding the future of the Dangote Petroleum Refinery, following allegations of sabotage aimed at the...