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Business & Economy

Global accounting firm, PwC shuts operations in nine African countries

Global accounting firm and a key member of the “Big Four”, PriceWaterhouseCoopers, PwC, has confirmed its exit from nine Sub-Saharan African countries last month....

Dangote slashes petrol price from N865 to 835 per litre

Dangote Petroleum Refinery has again announced a reduction in the gantry price of Premium Motor Spirit (aka) petrol. The new price is set at N835...

Prada agrees to buy fashion rival Versace in a $1.375 deal

Two of the biggest names in Italian fashion space, Prada and Versace on Thursday announced a deal valued at $1.375 billion which will see...

Ecobank seeks court order to stop Otudeko from selling shares in FBNHoldings

A federal high court in Lagos has fixed April 15 for the hearing of the suit filed by Ecobank Plc against Obafemi Otudeko over 6.31...

Dangote petrochemical set to commence production of polypropylene products

The Dangote oil refinery has announced the commencement of its polypropylene facility in Lagos, according to reorts. S&P Global also reports that starting up...

Breaking! Supreme Court stops CBN from releasing funds to Rivers

The Supreme Court has directed the Central Bank of Nigeria (CBN) to halt the disbursement of funds to the Rivers State Government until a...

Binance executive goes public, names Reps members who allegedly demanded $150m bribe

Tigran Gambaryan, Binance’s head of financial crime, has alleged that three Nigerian lawmakers demanded a $150 million bribe from him while he was in...

FBNHoldings rebrands, now First HoldCo Plc

Nigeria’s financial giant, FBN Holdings Plc, has announced a change in its brand name to First HoldCo Plc, FirstHoldco. This was made known in a...

Nvidia sheds $589bn as Chinese startup, DeepSeek disrupts AI landscape

Accelerated computing giant, Nvidia, on Monday lost about $589 billion, approximately 17 percent of its market value during midday trading on Wall Street. The sell-off...

Labour suspends strike action for one week

The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC), on Tuesday, relaxed their industrial action after a 24-hour shutdown of the economy. The...

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