The Senate has confirmed the reappointment of Ahmed Kuru as the managing director of Asset Management Corporation of Nigeria (AMCON) for a second term in office. President Muhammadu Buhari had in

Twitter has posted record revenues for the last quarter of 2020, capping off what its chief executive said was “an extraordinary year” for the platform. The social messaging platform said

Heineken is to cut 8,000 jobs and seek €2bn of savings over two years as new chief executive Dolf van den Brink reshapes the world’s second-largest brewer in a pandemic

Japan’s Toyota Motor Corp on Wednesday reported a bigger-than-expected 54% jump in third-quarter profit and jacked up its full-year earnings forecast, boosted by a rebound in demand for cars as

Japan’s No. 3 automaker Nissan Motor Co on Tuesday trimmed its loss forecast for the current financial year by more than a third as the automaker benefited from a rebound

China’s smartphone shipments nearly doubled in January 2021 versus a year ago, government data published on Tuesday showed, rebounding from a coronavirus-induced slump in the beginning of last year. Shipments

Oil prices edged up to their highest in 13 months on Tuesday as supply cuts by major producers and optimism over fuel demand recovery support energy markets. Brent crude futures

The International Monetary Fund has stressed the need for Nigeria’s federal government to intensify revenue mobilisation in order to reduce fiscal sustainability risks. It also advised the federal government to

Analysts on Monday predicted a faster economic recovery for Nigeria as crude oil prices, at $60 per barrel, hit a new high since February 2020. The analysts, however, urged the

The Chairman and Founder of the BUA Group, Alhaji Abdulsamad Rabiu, has called for the liberalisation of Nigeria’s cement policy to boost production and subsequently crash the price of the

Tesla, the electric car company run by the world’s richest person, Elon Musk, revealed on Monday that it had bought $1.5bn (£1.1bn) in bitcoin and said it may soon accept payment

South Korea’s Hyundai Motor Co said on Monday it is not now in talks with Apple Inc on autonomous electric cars, just a month after it confirmed early-stage talks with

The Central Bank of Nigeria (CBN) has opened investigations into bank accounts of companies involved in the trading of cryptocurrencies with the intention of blocking those with suspicious transactions and

The Nigerian National Petroleum Corporation (NNPC) on Sunday put its total earnings from export sales of crude oil and gas in November 2020 at $108.84 million. In a release on

President Muhammadu Buhari, former Lagos State Governor, Senator Bola Tinubu; former Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala; President, African Development Bank (ADB), Dr. Akinwunmi

Cuba has announced it will allow private businesses to operate in most industries, in what is a major reform to its state-controlled economy. Labour Minister Marta Elena Feito said the

The total value of capital importation into Nigeria contracted by 59.65% to $9.68 billion in 2020 compared to $23.99 billion in 2019, the National Bureau of Statistics (NBS) stated on