Business
14 Feb
Niger State Governor, Umaru Bago, has said it is time some government institutions at all levels operate as businesses, to reduce over-dependence on government funding.
31 Jan
Fresh off his return to the Forbes Africa Billionaires list after a seven-year hiatus, Otedola, with a net worth estimated at $1.1 billion, takes the reins from Ahmad Abdullahi. His appointment, effective immediately, follows a board meeting held earlier today. This news adds an intriguing layer to the ongoing saga surrounding FBN Holdings. In mid-2023,…
15 Jan
Femi Otedola, the ever-dynamic Nigerian investor, has electrified the Forbes Nigeria ranks, powering up to the coveted fourth position with a $1.2 billion valuation. This meteoric rise owes much to his strategic play in the energy sector, specifically his controlling stake in Geregu Power Plc. Otedola's Geregu gambit proved masterful. Holding over 70% of the…
3 Jan
The Most Influential People of African Descent (MIPAD) has unveiled its inaugural "Trade Champions of African Descent Worldwide" list, recognising 100 exceptional individuals driving economic progress across continents. This groundbreaking list celebrates the achievements of Africans and their descendants who are making waves in diverse sectors like finance, technology, energy, and agriculture. From CEOs forging…
31 Dec
The Federal Government has assured that it would continue to create an enabling environment for businesses to thrive.
20 Jul 2023
Running a business successfully in Nigeria, while juggling other responsibilities, is no small feat. If you think it is, just ask any business owner around you. They will tell you stories about sleepless nights, worrying about money, their products arriving safely, the government policies that seem to spring out from nowhere, and so on. Many…
Latest
13 mins ago
UK state borrowing last year overshot forecasts, official data showed Tuesday, dealing a blow to the Conservative government ahead of an election it is tipped to lose. The government's public sector net borrowing stood at £120.7 billion ($149.4 billion) in its year to the end of March, the Office for National Statistics said. That marked…
20 mins ago
A French court this week handed an Iran-born man a suspended 10-month sentence for entering the Iranian consulate in Paris with fake grenades in what he said was "revenge" for a crackdown at home that targeted his family. The 61-year-old, a long-time resident of France who regularly attends Iranian opposition demonstrations, told the court he…
26 mins ago
China condemned on Tuesday as "groundless accusations" US claims that Beijing was fuelling the Ukraine war by supplying components to Russia that it uses for its military expansion. China and Russia have ramped up economic cooperation and diplomatic contacts in recent years and their strategic partnership has only grown closer since the invasion of Ukraine.…
37 mins ago
The North Central Citizens Council (NCCC), has expressed opposition to the alleged attempt to humiliate the former Governor of Kogi State, Yahaya Bello, amidst accusations of misappropriation of funds during his tenure. This comes after the Economic and Financial Crimes Commission (EFCC) issued a notice declaring Bello wanted for offenses related to an alleged case…
1 hour ago
Donald Trump faces a contempt of court hearing on Tuesday as part of his historic criminal trial, with New York prosecutors insisting the former president repeatedly violated the gag order issued to prevent him from intimidating witnesses. The hearing comes a day after the jury heard opening arguments in Trump's hush money case, with prosecutors…
1 hour ago
The UN called on Britain on Tuesday to reconsider plans to deport asylum seekers to Rwanda, warning it threatened the rule of law and set "a perilous precedent globally." The UK government's controversial Rwanda scheme has been beset by legal challenges since 2022, but was passed by parliament late on Monday after a marathon tussle…
1 hour ago
Nollywood actress, Toyin Abraham, has reflected on the competitiveness and rivalry among colleagues in the movie industry. She opened up about how she and Funke Akindele were at odds with each other but also acknowledged that they were only in competition because they all wanted success. In a long Instagram post, the award-winning actress urged…
1 hour ago
Streaming platform, Netflix has reported a record growth in Q1 of 2024, continuing from where it stopped last Year. In its latest Q1 2024 report, Netflix unveiled impressive figures indicating a significant uptick in revenue growth. This makes it the first time since 2021 that the company has seen double-digit growth. Both gross and operating…
1 hour ago
A Federal High Court in Abuja has dismissed a suit seeking the disqualification of Gov. Douye Diri of Bayelsa and his deputy, Lawrence Ewhrudjakpo. Justice Emeka Nwite, in a judgement, held that the suit lacked merit as the plaintiff had failed to prove the allegations of certificate forgery levelled against Ewhrudjakpo beyond reasonable doubt. Justice…
2 hours ago
Senegal's new leader, Bassirou Diomaye Faye, has called for a "rethought" relationship with the EU during a visit by European Council President Charles Michel. Faye, who was inaugurated as president on April 2, was elected on pledges of radical reform and promises to restore national "sovereignty" over key industries. Speaking at a joint press conference…