Business & Economy

Remi Babalola, former chairman of FBN Holdings, says he resigned from the company because of the ”corruption in the system”. Babalola was appointed chairman on April 30, 2021, and had not spent up to a year in office. FBN Holdings is the…

The Economic and Financial Crimes Commission (EFCC) says it has arrested First Bank Holdings GMD Nnamdi Okonkwo over $72.87 million linked to former petroleum minister Diezani Allison-Madueke. Wilson Uwujaren, the spokesperson for EFCC,…

New Secretary General of the Maritime Organisation of West and Central Africa (MOWCA), Nigeria's Paul Adalikwu formally assumed office on Tuesday. Acting scribe of the regional maritime body, Alain Michele Luvambano handed over the…

The Nigeria Electricity Regulatory Commission (NERC) and the Bureau of Public Enterprises (BPE) have approved the takeover of Abuja Electricity Distribution Company (AEDC) by the United Bank for Africa (UBA). Abubakar Aliyu, minister of…

...As Kona clinches Electric Car of the Year Award Paul Ogbuokiri For the second time in three years, Hyundai Creta SUV has been voted as the Nigerian Car-of-the- Year, ahead of Toyota Corolla and Kia Rio. The Nigerian Auto…

“There is always a lot to spend money on, and sometimes the bills can’t wait for the salary to be paid” Tope complained when his wife informed him that they had run out of cooking gas and had to refill. He had just moved to a new…

United Airlines has inaugurated its new nonstop service between its hub at Washington Dulles International Airport and Murtala Muhammed International Airport with the arrival of the first flight into Lagos on Wednesday. With three weekly…

The U.S. Mission in Nigeria hails growing U.S.-Nigeria commercial ties as American brands and franchises expand to Nigeria, bringing jobs and investment.  Delivering remarks during the grand opening of Burger King’s first outlet in…

Ever wondered why the Elumelus have continued to rise from grace to grace? Reason is simple: humanitarian and philanthropic gestures run in their DNAs. Not much has been heard of Dr Awele Vivien Elumelu, the elegant and brilliant wife of…

African leaders have been urged to dismantle trade barriers stifling their individual countries, in a bid to ensure smooth flow of goods and services, with a corresponding impact on economic growth and development across the continent. …