Julius Berger Nigeria Plc is diversifying into cashew processing; here’s how that is going
Julius Berger has diversified into cashew nuts business and is set to unveil its multi-million dollar cashew processing plant in...
Tesla gains after Elon Musk reveals his stake in the EV-maker has risen to 21.2% despite his recent stock-selling spree
Tesla stock rose Tuesday after Elon Musk disclosed he holds a 21.2% stake in the EV-maker. That means he holds...
Subsidy to hit N9bn daily, as oil price crosses $96, bringing more pains than joy for Nigeria
A hundred dollar oil price is good news for any oil-producing nation, but for the first time in Nigeria’s history,...
Nigeria’s inflation rate drops from 15.63% to 15.6% in January 2022
The latest consumer price index report by the National Bureau of Statistics (NBS) has shown that Nigeria’s inflation rate reversed...
The CEO of Uber said the ride-hailing app will ‘absolutely’ accept crypto at some point
Uber CEO Dara Khosrowshahi is not closing the door on accepting cryptocurrency as payment for his ride-hailing firm. “Is Uber...
Africa’s richest man, Aliko Dangote, adds $950 million to his personal worth as shares of Dangote Cement continues to rise
Aliko Dangote got off to a great start in 2022, adding about $950 million to his fortune since the year...
African airlines lost a collective $8.6 billion in 2021 due to travel restrictions caused by COVID-19
According to an updated report by the African Airlines Association (Afraa), the COVID-19 pandemic continued to hammer Africa’s aviation industry...
Bitcoin’s ‘fair value’ is 12% below current levels based on its volatility in relation to gold
The bank’s analysis was made on the assumption that bitcoin is four times as volatile as gold, strategists led by...
Oil price uncertainty, insecurity, threaten Nigeria’s economic outlook – International Monetary Fund (IMF)
Nigeria’s economic outlook faces significant risks from the covid-19 pandemic trajectory, oil price uncertainty, and security challenges, the International Monetary...
Remove fuel subsidy and official exchange rate, International Monetary Fund urges Nigeria Federal Government
Two weeks after the Federal Government suspended the removal of petrol subsidy, the International Monetary Fund has again urged the...