The family of late Samsung Electronics chairman Lee Kun-hee said on Wednesday they will pay more than 12 trillion won ($10.8 billion) in inheritance taxes for his estate and donate
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Nigeria ranks eighth in a list of countries most interested in cryptocurrency in the world, according to a new study. Since its launch, cryptocurrency has been surrounded by a lot
The Central Bank of Nigeria (CBN) has granted operating licences to 10 additional international money transfer operators (IMTOs) as part of efforts to boost diaspora remittances. With the new licences
Erick Mokaya, founder of Mwonga Capital, spoke to the Global Business Report about the hostility of Kenyans towards government borrowing rearing its head at a recent IMF event on facebook
Arise Business Analyst Chika Mbonu spoke to the Global Business Report about Polaris bank’s 2020 earnings results. He also spoke about the World Bank’s Power Sector Survey of Nigeria which
A pair of prototype Nikes worn by Kanye West during a performance at the Grammy Awards in 2008 has shattered the record for a pair of sneakers ever sold. Sotheby’s
Chinese property developers have turned their sights to Hong Kong’s border districts as mainlanders from neighbouring boomtown Shenzhen consider parts of the former British colony as a more affordable long-term
The Board of Transnational Corporation of Nigeria Plc (Transcorp), Nigeria’s largest listed conglomerate and a leading investor in the energy sector, has announced the appointment of Mr. Victor Famuyibo and
Nigeria’s President Muhammadu Buhari has approved the restoration of the leases on four Oil Mining Licences to the state-owned petroleum company, (the Nigerian National Petroleum Corporation – NNPC). The affected
Nigeria’s federal government has granted the Nigeria LNG Limited N20 billion (about $52m) in tax waiver for the construction of Bodo Bonny Bridge in Rivers State. The Executive Chairman, Federal
Following the Nigerian federal government’s revocation of the Production Sharing Contracts (PSCs) on four assets belonging to Addax Petroleum Exploration Nigeria Limited (APENL), the Department of Petroleum Resources (DPR), has
Ayodeji Ebo, Head of Retail Investment at Chapel Hill Denham, spoke to the Global Business Report about the latest loan approval from Nigeria’s Senate for an additional $1.5bn for Nigeria’s
A panel of US senators questioned officials from Apple Inc and Alphabet Inc’s Google on Wednesday about the dominance of their mobile app stores and whether the companies abuse their
Nigeria’s Senate has approved President Muhammadu Buhari’s request of 1.5 billion US Dollars and 995 million Euros (about 1 trillion Nigerian Naira) in external loans. President Buhari got the approval
The Central Bank of Nigeria (CBN) has assured exporters that they will continue to have unfettered access to their export proceeds. CBN Governor, Mr. Godwin Emefiele, during a presentation at
Joseph Kafunda, Operations Manager at Rafiki Tours and Safaris in Namibia, spoke to the Global Business Report about Zimbabwe’s decision to resume allowing Tourists to shoot a limited number of
The increasing landing cost of petrol and the inability of the Nigerian National Petroleum Corporation (NNPC) to increase ex-depot price have continued to negatively impact on the operations of the
Audio-chat app Clubhouse closed a new Series C round of financing, the company said during its weekly town hall on Sunday, without disclosing the amount raised. A source familiar with
After months of expectation, the Bayelsa State Government-owned airport finally received the nod of the Nigerian Civil Aviation Authority (NCAA) on Saturday to commence commercial flight operations. NCAA Director-general, Dr.
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