Shareholders of Guaranty Trust Bank Plc (GTBank) last Friday approved a holding company (HoldCo) structure for the bank, even as they expressed excitement about the benefits they would derive from

Uber is selling its driverless car subsidiary to start-up Aurora Technologies, abandoning a unit that Uber’s founder once hailed as critical to the future of the firm. Aurora, founded in

The Organisation of Petroleum Exporting Countries (OPEC) on Monday pledged its support for the 1.1 billion people globally without access to modern energy sources and the 2.8 billion individuals who

China has removed 105 apps including that of US travel firm TripAdvisor Inc from app stores in the country, under a new campaign to cleanse stores of apps it deems

British American Tobacco Kenya has named a Kenyan to head the cigarette-maker as it marks over 113 years in the market. The firm on Monday announced Crispin Achola as its new

The chicken chain Nando’s has denied it’s in crisis talks over a reported debt pile after spending £20m equivalent of about 26.642 million dollars to make its UK restaurants Covid-secure.

Universal Music has struck a deal to buy the rights to Bob Dylan’s entire catalogue of 600 songs, from Blowin’ in the Wind to Knockin’ on Heaven’s Door, in the

China’s exports rose at the fastest pace in almost three years in November, as strong global demand for goods needed to ride out the pandemic landed the world’s second-largest economy

The AfDB has stated that about five million jobs have been lost in the aviation and tourism industries in Africa due to the Covid-19 pandemic. About five million out of

There are strong indications that Nigeria’s efforts to claw back some of the foreign-exchange earnings lost to falling oil prices are causing delays in exports ranging from cocoa beans to

The Trump administration on Friday opted not to grant ByteDance a new extension of an order requiring the Chinese company to divest TikTok’s US assets, but talks will continue over

Nigerian airlines have attributed the about 70% rise in domestic airfares to the weakening exchange rate, the paucity of operating equipment, high cost of aircraft maintenance and an increase in

“High value” international business travellers will not have to quarantine when travelling to England, even if they come from places classed as high-risk for the coronavirus, the UK’s Transport Secretary

The world’s largest foodmaker Nestlé is to spend €3bn equivalent of about $3.6bn in the next five years on measures to cut its greenhouse gas emissions, in the biggest financial

African Export-Import Bank (Afreximbank) has officially launched the operations of ‘MANSA’, a Pan-African customer due diligence repository for financial institutions, corporate entities and SMEs, developed to address the perceived risk

South Africa’s telecommunication company, Telkom, has launched a digital wallet that allows users to pay others and get paid themselves using their mobile phone and WhatsApp. Called Telkom Pay Digital

Nigeria’s biggest lender Access Bank is in talks about a potential acquisition of assets belonging to Bob Diamond’s Atlas Mara Ltd., to expand its reach to the rest of Africa,

The International Air Transport Association (IATA) has said that $53 million proceeds from sales of foreign airlines’ tickets are still trapped in Nigeria, just as African countries owed the foreign

Visitors travelling to South Africa will no longer require travel insurance to enter the country- a condition put in place due to the coronavirus pandemic. The requirement, which was announced

The Central bank of Nigeria (CBN) has approved the release of cash reserve requirement through the issuance of CBN Special bills. The apex bank says this measure will improve liquidity