Business

Nigeria is getting ready to get rid of its expensive gasoline subsidies in June. The World Bank has given the country $800 million so it can keep its national social program going. The largest economy…

McDonald's Corp, an American multinational fast food chain, will temporarily shut down its US (United States) offices this week as the company plans to lay off employees. According to reports and various sources, Burger chain…

Small banks are expected to have a drop of 2% in their Tier 1 capital requirements under the Basel III rules, according to the figures from the latest Basel Committee on Banking Supervision, which is…

Black Friday is a term used for the Friday following Thanksgiving in the United States (US). Black Friday often falls in November. Several countries across the world support Black Friday. It marks the start of…

Silhouette, an eyewear company headquartered in Linz in Austria, is partnering with an American aspiring female astronaut Alyssa Carson for its groundbreaking Titan Minimal Art collection. Titan Minimal Art design has been the eyewear of…

Lanre Shittu was the Chairman of Lanre Shittu Motors, a vehicle assembly plant in Nigeria. He was a successful businessman with vast experience in this field. He had several years of experience in the automobile…

Tech billionaire and the CEO (Chief Executive Officer) of Twitter, Elon Musk, fired a top Twitter engineer who told him he was declining in popularity on the micro-blogging site, according to a report by The…

Tech billionaire Elon Musk owns five companies, including Tesla, SpaceX, Twitter, The Boring Company and Neuralink. He reportedly works all day long to run these five companies. He has announced on Twitter that he works…

According to the country's petroleum department, Uganda kicked off its first oil drilling program on Tuesday. This marks a significant step forward for the nation as it works toward its goal of beginning oil production…

The Nigerian government and Abubakar Malami, the Minister for Justice and Attorney-General of the Federation, have urged the United Kingdom high court to cancel $11 billion in damages over a failed and allegedly fraudulent gas…

Elon Musk’s Twitter is reportedly planning to fire more employees in the coming weeks. According to a report, two people at the social media firm familiar with the development have said that Twitter would lay…

The second richest man in the world, Elon Musk, has said that SpaceX's huge Starship vehicle is expected to launch this year. What is Elon Musk's Starship? Can the SpaceX company make a huge profit…

The shares of Kenya Airways, the flag carrier airline of Kenya, have been suspended from trading for another year from 5 January, according to a statement from the Nairobi Stock Exchange (NSE). The Kenya flag…

Tesla, SpaceX and Twitter owner Elon Musk became the first person in human history to lose $200 billion in net worth. His wealth plummeted to $137 billion, according to Bloomberg Billionaire Index. Musk is also…

Twitter and Tesla CEO (Chief Executive Officer), Elon Musk, has said that he will not sell any more Tesla stock for the next two years.  He made those comments in a Twitter Spaces audio chat.…

Ghana has announced that it temporarily suspended the payment of part of its external debt as the country struggles due to an economic crisis. On Monday, the Finance Minister of Ghana, Ken Ofori-Atta, announced the…

According to the finance ministry of Ghana, the economic recovery efforts of the country could be delayed and complicated if a visiting team from the International Monetary Fund (IMF) does not agree with a negotiation…

Muhammadu Buhari, the President of Nigeria, has accused the governors of stealing LG (local government) funds. He has accused them of diverting allocations from the federation account. The president attended an event hosted for members…