Business

Airline Operators of Nigeria says owing government agencies does not translate to fraud, noting that “every airline in the world owes debts which are settled as their operations go on”. …

Emirates has restored its flight operations to Nigeria’s commercial capital of Lagos. The company announced this in emails sent to its customers. “We are pleased to inform you that effective …

Amazon (AMZN.O) and Alphabet (GOOGL.O) unit Google criticised Microsoft’s (MSFT.O) cloud computing changes on Tuesday, saying they limit competition and discourage customers from switching to rival cloud service providers. The …

The regulator of Abu Dhabi’s free zone financial centre said on Tuesday it had fined the local subsidiary of fintech firm Wise $360,000 for breaching anti-money laundering (AML) requirements. Abu …

Gulf banks with exposure to Turkey are expected to make further net monetary losses on their investments in the second half of this year and into 2023, ratings agency Fitch …

Tesla Inc (TSLA.O) Chief Executive Elon Musk has set his young company on an aggressive expansion path like no other auto executive has dreamed – but one riddled with potholes …

Oil prices recovered slightly on Wednesday as data pointed to firm US fuel demand, providing respite after a 5 per cent drop a day earlier on fears that demand will …

The Russian government on Tuesday said it approved handing over a 12.5 per cent stake in operator of Russia’s Sakhalin 2 liquefied natural gas plant to Dubai-based MIT SEL Investment …

Delta Airlines has announced the suspension of its New York-Lagos direct flights. The airline headquartered in Atlanta, Georgia, in a statement said its decision is to fit the current demand …

The Nigerian Civil Aviation Authority has read out a riot act to local airline operators in the country over N19bn in debts. The Director General of NCAA, Capt Musa Nuhu, …