The Federal Government recorded N485.51bn fiscal deficit in January, statistics obtained from the Central Bank of Nigeria have shown. According to the monthly economic report for January rel... Read more
Mastercard has sealed a pact with wireless operator Airtel Africa that will see it procure a minority interest in the telco’s mobile money division, Airtel Mobile Commerce BV (AMC BV). An es... Read more
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has voted to retain the monetary policy rate at 11.5 percent. The announcement was made on Tuesday by the CBN governo... Read more
Sterling Bank Plc has reported a trading income of N7.1 billion for the third quarter (Q3) which ended Sept. 30, compared with N1.9 billion achieved in the corresponding period in 2019. This... Read more
Apple has agreed to pay $113 million to settle litigation with more than 30 US states over its slowdown in the performance of older iPhones to manage battery power. The latest “batterygate”... Read more
Japan’s Panasonic said Wednesday it has signed a partnership with two Norwegian firms to develop a “green battery” business targeting the European market, including for electric cars. Panaso... Read more
Chinese telecom giant Huawei announced Tuesday it has sold its Honor budget phone line to a domestic consortium in a move it said was necessary to keep the brand alive amid “tremendous” supp... Read more
A spike in coronavirus infections across the United States and Europe hit Asian markets again Friday as traders fear another wave of lockdown measures will throw an already shaky economic re... Read more
Dubai-based Emirates airline on Thursday posted its first loss in more than three decades, saying it had been badly hit by the coronavirus lockdown that brought air transport to “a literal s... Read more
The Federal Government recorded a fiscal deficit of N 409 .39 bn in August , even as its total federally collected revenue rose by 2 .7 per cent to N767 . 55 bn . The federally collected rev... Read more
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