
Nigeria Petrol subsidy hits N2.1trn
Nigeria has incurred an estimated petrol subsidy of N2.1 trillion in the first six months of this year, according to...

Investors make N140bn as Nigeria’s stock market maintains bullish run
The Nigerian capital market maintained its bullish run on Monday following the 0.49 percent rise in equity capitalisation at the...

Instagram On A Trial Which Scans Users’ Faces For Proof They Are Over 18 Years Old
Instagram said it’s trying out new ways to verify users’ ages, including scanning their faces. Alternatively, users can also have...

BUSINESS ROUNDUP: Crude oil trades at $111/barrel; Price of beverages, sweetened drinks to go up; Other stories
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week...

Dangote Refinery can curb Nigeria’s petrol import and scarcity crises
The coming on stream of the 650,000 barrels-per-day Dangote Petroleum Refinery is expected to curb Nigeria’s petrol import and scarcity...

Kenya-based food-tech startup Kune shuts down due to lack of funding
Kenya-based start-up Kune has decided to wind up its operations barely a year after inception. The firm is the latest...

Amidst Fuel scarcity in Lagos and Abuja, Independent Petroleum Marketers Association of Nigeria allays fears over fuel price increase, reiterates N165/litre benchmark
Premium Motor Spirit (PMS), also known as petrol, would not be sold beyond N165 per litre, according to the Independent...

Nigeria begins decentralisation of power grid, invests $550m in power sector
President Muhammadu Buhari said on Tuesday the Federal Government has commenced the decentralisation of the national grid to address the...

Elon Musk makes Aliko Dangote’s net-worth in one day, as Nigerian billionaire loses N105.33bn
Surge in demand for Tesla shares on Tuesday made the Chief Executive Officer of the company, Elon Musk, richer, while...

5 habits of Africa’s richest billionaires you should emulate in 2022
Everyone wants to be successful; have a lot of money in the world and enjoy the best luxury there is....