The failure of an overhead power line in southern Germany has paralysed production at Europe’s largest BMW plant, in Dingolfing, a company spokesperson said on Monday.
Both the early and the late shifts were cancelled in the two assembly halls, with several thousand employees affected by the stoppage, the spokesperson...
Air Peace, one of Nigeria's leading airlines, has officially commenced its highly anticipated Lagos-London flight services, marking a significant milestone in its expansion strategy. The inaugural flight took off on Saturday, fulfilling the airline's earlier announcement of direct flight operations to London, which was made during a prelaunch forum...
Telecommunication giant MTN on Tuesday closed its case over an alleged N300m copyright infringement suit involving an Abuja-based musician, Liberty Williams.
Nkeakam Abhulimen, a staff of MTN and Chris Anusa, a staff of Defcom Technologies, both appeared as witnesses for MTN at the Federal High Court, Abuja before Justice Ifeoma...
Central Bank of Nigeria (CBN) Governor Yemi Cardoso has unveiled ongoing investigations into foreign exchange forwards worth approximately $2.4 billion, highlighting discrepancies and irregularities in these transactions.
Governor Cardoso disclosed this information following the Monetary Policy Committee (MPC) meeting in Abuja, shedding light on the forensic audit conducted to assess...
Top billionaires across the world diversify their investments to countries with strong and rising currencies to avoid asset erosion.
Aliko Dangote, Africa’s richest man, on Thursday disclosed plans to diversify his investments to the New York, United States.
The billionaire will take office space in New York to help diversify his...
Leading financial services provider, First City Monument Bank (FCMB), has continued to blaze the trail with innovative and value-added offerings to boost the productivity and overall performance of businesses.
The latest is an initiative tagged, “Top-5-In-5”, a digital video knowledge sharing and capacity building series designed to give Small and...
Binance executive, Tigran Gambaryan is currently in court, while Anjarwalla remains absent, likely evading authorities. Today's court session is crucial as it will allow the defendants to enter their plea.
According to the charges, the first count alleges that the defendants, in their operations on the Binance platform, failed to...
The coronavirus epidemic could damage global economic growth this year, the IMF head said Sunday, but a sharp and rapid economic rebound could follow.
“There may be a cut that we are still hoping would be in the 0.1-0.2 percentage space,” the managing director of the International Monetary Fund, Kristalina...
The Nigeria Deposit Insurance Corporation (NDIC) has warned financial technology (Fintech) operators against disclosing their customers’ financial details without appropriate permission.
Dr Kabir Katata, Deputy Director, Research Department of NDIC, gave the advice in Yola on Wednesday at the 2019 NDIC Workshop for Business Editors and Finance Correspondents Association of...
Union Bank of Nigeria (UBN) Plc on Thursday announced a dividend recommendation of about N7.3 billion for the 2019 business year, its first dividend payment in 11 years. Shareholders will receive a dividend per share of 25 kobo.
The dividend was a major highlight of considerable improvements in the commercial...
