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Business & Economy

With $10 billion loss in one week, Elon Musk is still 11 times richer than Dangote

With a net worth that declined by $9.9 billion to settle at $87.9 billion, Elon Musk is 11 times richer than Africa's richest man,...

Ghana’ll review $1m capital for Nigerian traders – Akufo-Addo

The "legislative diplomacy" initiative of House Speaker, Femi Gbajabiamila has recorded its first breakthrough with the promise by Ghanian president, Nana Akufo-Addo to ensure...

Breaking: Petrol to Sell Above N151.56 Per Litre

The Petroleum Products Marketing Company (PPMC) has increased the ex-depot price of petrol from N138.62 per litre to N151.56 per litre, a move that...

Over 54m Nigerians poor, unemployed – BudgetIT

BudgIT on Monday released a grim report on Nigeria’s economic challenges titled ‘Investing in People’ even as it laments the ever-increasing number of unemployed...

AfDB’s president, Adesina goes spiritual, prays to God for wisdom

Emerging unscathed from a petition that nearly ruined his reputation and cost him re-election, the newly re-elected president of African Development Bank (AfDB), Akinwumi...

Herbert Wigwe is the “African Banker of the Year”

Herbert Wigwe, the Group Managing Director/CEO of Access Bank PLC, has emerged the ‘African Banker of the Year’, according to the statement at the...

MTN appoints CFO, Ralph Mupita as Group President/CEO

Ralph Mupita, MTN Group’s chief financial officer, will replace Rob Shuter as the CEO of the telecommunications provider on 1 September. The move, which was widely...

GSI Policy: Nig. Banks recover N50.32m bad loans within nine days – CBN

The Global Standing Instruction policy recently unveiled by the Central Bank of Nigeria (CBN) seems to be paying off as the regulatory body announced...

Africa gets its first electric bus factory

The road from Kampala, the capital of Uganda, to Jinja, the site of Africa’s first electric bus factory, was packed with cars on a July...

Apple to launch subscription bundles to boost services

Apple is readying a series of bundles that will let customers subscribe to several of the company’s digital services at a lower monthly price, according...

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