Business
Huawei first-quarter sales drop 16.5% as US sanctions bite
Chinese telecoms giant Huawei said Wednesday that first-quarter revenue tumbled after harsh US sanctions ripped into its phone business. The post Huawei first-quarter sales drop 16.5% as US sanctions bite
Fidelity Bank announces 53.9% growth profit before tax to N10.1bn for Q1 2021
Nneka Onyeali-Ikpe, MD/CEO of Fidelity Bank Plc Top Nigerian lender, Fidelity Bank Plc recorded a strong financial performance in the first quarter of 2021, posting appreciable growth in profits for
Nigeria’s Flutterwave Named One of TIME’s 100 Most Influential Companies
Nigerian fintech firm, Flutterwave has been named a “Pioneer” on TIME’s 2021 list of the 100 Most Influential Companies in the World. The firm is the only African company in
Alphabet’s Profit More Than Doubles Last Quarter as Google’s Advertising Business Rebounds
Google’s parent company, Alphabet, said on Tuesday that revenue in its most recent quarter increased sharply from the same period a year ago, boosted by strong demand for online advertising
Day 47: Kidnappers Release Another Video of Abducted Kaduna College Students Pleading for Help
A second video of the remaining 29 abducted students of the Federal College of Forestry Mechanization, Afaka, Kaduna, still in captivity, has surfaced on social media. The bandits had invaded
OPEC Leaves Production Plan Unchanged, Cancels Ministers’ Meeting
The Organisation of Petroleum Exporting Countries (OPEC) and its allies on Tuesday resolved to stick to plans for a phased easing of oil production restrictions from May to July. The
Nigeria’s Actual Daily Oil Production Unknown, NEITI Insists
The Nigeria Extractive Industries Transparency Initiative (NEITI) on Tuesday doubled down on its recent disclosure that Nigeria does not know its actual daily oil production. The Executive Secretary of the
Samsung’s Lee Family to Pay more than $10.8bn Inheritance Tax, Donate Art
The family of late Samsung Electronics chairman Lee Kun-hee said on Wednesday they will pay more than 12 trillion won ($10.8 billion) in inheritance taxes for his estate and donate
IT firm moves to ease cloud transition for Nigerian SMEs
By Cynthia Alo Indigenous Information Technology solution provider, AkolagTech, has reiterated its commitment to enhancing cloud seamless transition for Small and Medium Scale Enterprises, SMEs, in Nigeria. This came even
French envoy explores opportunities in Lagos free zone
The Conseillers du Commerce Exterieur (French Foreign Trade Advisors) has expressed readiness to invest massively in the Lagos Free Zone (LFZ) The post French envoy explores opportunities in Lagos free
