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Business

On this Category, we discuss news, reports and events about businesses and offer balanced perspectives on the business climate of Nigeria.

Twitter's $44 billion acquisition by Elon Musk is set to close on the Friday deadline after the latter confirmed his plan on a video call with his advisers, according to some reports. Musk’s lawyers...
Google parent Alphabet on Tuesday reported quarterly earnings that fell short of market expectations as belts tightened in the digital ad market that drives its revenue. Alphabet said it made a profit of $14...
HSBC Holdings HSBC reported a third-quarter 2022 pre-tax profit of $3.1 billion, down 41.8% from the prior-year quarter.Results reflected a rise in adjusted revenues. However, adjusted expenses increased from the year-ago quarter, which was a headwind. The expected...
WhatsApp, the messaging platform, was starting to come back online and the company said the issue has been fixed after users across the world reported problems earlier on Tuesday. At about 07.50 GMT, the...
Nigeria says she has agreed to a sales deal of 2.1 trillion barrels of crude oil for 20 years to the newly built Dangote Refinery, chiefly from the oil reserves of the Niger-Delta region.
Emirates Airlines has cancelled its suspension of flight operations to and from Dubai-Lagos.  The airline sent a message to its customers via email stating, “We are pleased to inform you that effective from 11...
A South African young man, Lesley Ncube, has launched perhaps Africa’s first indigenous smartphone, to take on Euro-American and Asian giants like Apple, Techno, Samsung etc. Lesley, 28, is the founder of an upstart...
The Nigerian minister of finance, budget and national planning, Zainab Ahmed, has asked Nigerians to purchase more made in Nigeria vehicles to boost the local economy. She was speaking at the commissioning of an...
Sierra Leone has provisionally awarded licences to Cluff Energy Africa and Innoson Oil and Gas, following the conclusion of its fourth licensing round.Cluff Energy was awarded Blocks 23, 24, 25, 36, 37, 38, 39, 54, 55, 56,...
Abidjan (AFP) - The president of the African Development Bank (AfDB), Akinwumi Adesina, hit back on Wednesday at accusations of corruption and vowed to continue working. In a press statement, Adesina slammed "unprecedented attempts...

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