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Owner of TikTok denies willingness to sell amid looming US ban

In a statement released on Thursday via Toutiao, a news aggregation app owned by ByteDance and widely used in mainland China, the company refuted reports suggesting that it was exploring the sale

April 26, 2024

Business·Tech

Tesla cuts prices in China, Germany after FSD cost drop; shares fall

The updated Model 3 now costs 14,000 yuan ($1,930) less in China, priced at 231,900 yuan ($32,000) on Tesla's official website. In Germany, the rear-wheel-drive Model 3 is now 40,990 euros ($43,670.75),

April 22, 2024

Business

Banks, foreign companies, others to storm 13th gateway international trade fair

Foreign companies from across West Africa have indicated interest in participating at this year’s Gateway International Trade Fair billed to take place between April 19 and April 29. Also, stakeholders in the

April 6, 2024

Business

Tinubu must recognize, support SMEs to revive Nigeria’s economy- Entrepreneur

An entrepreneur in Ogun state, Oyeyemi Olasunkanmi has said the Federal government must recognize and support Small and Medium Enterprises (SMEs) to help revive the country’s economy. According to the National Bureau

March 26, 2024

Business

Ex-DSS chief slams NSA’s handling of fleeing Binance executive

Anjarwalla reportedly fled from a guest house in Abuja where he and his colleague, Tigran Gambaryan, were being held. According to Premium Times, he managed to escape while guards accompanying him escorted

March 25, 2024

Business

Trump media, owner of Truth Social, to begin trading Tuesday after merger closure

Trading under the ticker symbol "DJT" on the Nasdaq Stock Market is slated to commence on Tuesday, marking a significant milestone for both companies involved.

March 25, 2024

foreign·Business

BREAKING: CBN sells $10,000 to BDC at N1,251/$1

In accordance with the circular, each BDC is directed to sell the allocated dollars to eligible customers at a rate not exceeding 1.5% above the purchase price, effectively capping the selling rate

March 25, 2024

Business

State governments owe CBN N339.9 billion in salary bailout funds

The outstanding debts include both the principal amount of N339.97 billion and an additional N1.31 billion in loan defaults as of September 2023. The funds were facilitated through the Salary Bailout Facility

March 24, 2024

Business

FBN holdings welcomes five new directors as Otedola assumes leadership

Additionally, Remilekan Odunlami has been appointed as a non-executive director for First Bank, while Anil Dua and Fatima Ali have been designated as independent non-executive directors.

March 21, 2024

Business

Asia slowdown causes Gucci sales to drop by 20%

Gucci, a prominent player in the luxury sector, heavily relies on the Chinese market, contributing to over a third of its sales. However, with China grappling with economic challenges, Gucci finds itself

March 21, 2024

Business

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