Dangote Sugar Refinery Plc has declared a turnover of N276 billion for the financial year ended Dec. 31, 2021, translating to a 29 percent increase against the N214 billion recorded in 2020.
Its Chairman, Aliko Dangote, said this at the company’s 16th Annual General Meeting (AGM, on Wednesday in Lagos.
Mr...
One of the Binance executives detained in Nigeria, amidst a legal battle over cryptocurrency regulations, has managed to escape custody. Nadeem Anjarwalla, a key figure at the world's largest cryptocurrency exchange, reportedly fled from a guest house in Abuja where he and his colleague were being held by security...
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...
The Chief Executive Officer of Twitter, Elon Musk, has put the current value of Twitter at $20 billion, less than half the $44 billion he paid for the social media platform just five months ago, according to an internal email seen by American news media.
The email to employees referred...
The Central Bank of Nigeria (CBN) has disclosed that it sold $10,000 to each Bureau De Change (BDC) operator at a rate of N1,101 per US dollar. This information was shared in a circular addressed to the President of the Association of Bureau De Change Operators of Nigeria.
The circular,...
The National Pension Commission has said it recovered N213.07m from employers who deducted pension savings from their workers’ monthly emoluments but refused to remit such to their respective Pension Fund Administrators between July and September.
It disclosed this in its third-quarter report entitled ‘Update on the recovery of outstanding pension...
The Central Bank of Nigeria (CBN) in a significant move has revoked the licenses of 4,173 Bureaux De Change (BDC) Operators due to their failure to adhere to regulatory provisions. This action comes as the apex bank intensifies efforts to enforce compliance with guidelines aimed at combating financial crimes...
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...
The Federal Inland Revenue Service (FIRS) has escalated its legal battle against Binance, a prominent cryptocurrency exchange platform, by filing criminal charges related to tax evasion. This move, announced in a statement on Monday, underscores the government's commitment to fiscal responsibility and economic integrity amid growing scrutiny of digital...
Ford Motor Co said on Monday it has decided to temporarily halt vehicle and engine production at its factories in India, South Africa, Thailand and Vietnam in response to the growing impact of the coronavirus.
In India, it began on March 21 and will be followed by other markets, the...
