Business

The Central Bank of Nigeria (CBN) has made the consolidated financial statements for the previous seven years accessible for public inspection, marking the first time since 2015 that the top bank has done so. The CBN published…

GlaxoSmithKline Plc (GSK), a British multinational pharmaceutical and biotechnology corporation, announced on Thursday that it is closing down its Nigerian subsidiary as part of a "strategic intent"to explore other promising commercial…

Nigerian Breweries (NB) Plc has announced an increase in the price of a few items in its stock-keeping units (SKUs) in order to "mitigate the impact of the rising cost of input." The corporation informed consumers in a memo that the…

Following Nigeria's removal of fuel subsidy, which mostly decimated domestic demand in the country and a regional market for smuggled fuel, one of Europe's major markets for petrol has diminished and is now threatening to put pressure…

The Management of Dangote Refinery has refuted a claim that the corporation hired 11,000 competent workers from India while supposedly ignoring young people from Nigeria and other African nations. The claim was made on the web platforms…

The management of Guaranty Trust Bank (GTBank) has reportedly terminated the appointments of some of its staff involved in the upgrade of the GTWorld application. MDB had earlier reported that GTBank, on Thursday, faced widespread…

AbokiFX, an online portal that disseminates daily foreign exchange rates in the black market, has resumed operations over two years after it was put on hold following a public spat with Godwin Emefiele, the Central Bank of Nigeria's…

Customers will soon start paying N500 for N10,000 cash withdrawals at point of sale (POS) locations in Lagos State. This comes after the Public Relations Officer, Lagos Chapter, Stephen Adeoye, on Friday unveiled a revised price list…

A Blockchain Technology Company, EMURGO Africa in partnership with PricewaterhouseCoopers, PwC, disclosed that Nigeria ranked among the Top 10 worldwide for crypto adoption. It said in a statement made available to the News Agency of…

MTN, a telecoms company, has announced that it will be raising rates in a few markets as a result of the high rate of inflation in the industry. This information was provided in its first quarter report, which was submitted on…

The Bank Verification Number (BVN) issued in Nigeria has no expiration date, as the Central Bank of Nigeria (CBN) has stated once more. This explanation was provided by the bank in response to information that the Bank Verification…

Femi Otedola, a multibillionaire businessman, has disclosed that his bid to pay $250 billion for the Nigerian company Transcorp Corporation Plc was turned down. Weeks after the businessman purchased holdings in Transcorp and sold the…

Zoho Corporation, a leading global technology company, today announced execution plans and ongoing investment in AI, beginning with the launch of 13 generative AI Zoho application extensions and integrations, powered by ChatGPT. Zoho's…

Google stated on Wednesday that it would soon begin putting a blue checkmark next to specific senders' names in Gmail to confirm their legitimacy. Companies that have opted-in to Gmail's current Brand Indicators for Message…

Zenith Bank Plc has announced its unaudited results for the first quarter ending 31st March 2023, with an exceptional double-digit growth of 41% in Gross Earnings, increasing from ₦191.5 billion in Q1 2022 to ₦270 billion in Q1 2023.…