Business

The Federal Government disbursed N173,200,284,779bn for the equalisation of more than 11.6 billion litres of Premium Motor Spirit (PMS) better known as petrol from 2019 to 2022, the Federal Ministry …

The cash withdrawal limits set by the Central Bank of Nigeria (CBN) become effective today, January 9, 2023 amid concerns over the slow spread and quality of three newly redesigned …

FTX co-founder Sam Bankman-Fried pleaded not guilty Tuesday to US criminal fraud charges over the spectacular collapse of his crypto exchange. The 30-year-old former digital currency billionaire, who is out …

South Korea’s antitrust regulator said Tuesday it will fine Tesla 2.85 billion won ($2.2 million) for neglecting to inform customers that the driving range of its electric vehicles could be …

Head of the International Monetary Fund (IMF), Kristalina Georgieva, has said the world’s economy is in for a tougher year as it projects one-third of the globe sliding into recession. …

This was supposed to be the comeback year for the world economy following the Covid pandemic. Instead, 2022 was marked by a new war, record inflation and climate-linked disasters. It …

The World Bank has expressed concern over the economic impact of the recent naira redesign on Nigerian households and businesses. The newly designed N1,000, N500 and N200 notes were unveiled …

Tanzania on Tuesday signed a $2.2-billion contract with a Chinese company to build the final section of a railway line aimed at linking the country’s main port with its neighbours. …

US officials announced Tuesday a $3.7 billion settlement with Wells Fargo over an array of “illegal activity” that burdened customers with wrongful home foreclosures and other problems. Wells Fargo will …

The Central Bank of Nigeria (CBN) has countered claims that its new policy limiting cash withdrawals is targeted at point-of-sales (PoS) agents in particular. Though the apex bank, on December …