Snap shares drop 4 percent, fall below $20 for the first...

Snap Inc shares tumbled below $20 on Thursday for the first time since the company's $3.4 billion public listing after the Snapchat owner received...

N175 million Debt: No cause to panic, Guinness assures

Guinness Nigeria Plc has urged its employees, customers and shareholders not to panic over a winding-up lawsuit filed against it by a pharmaceutical company,...

Hyundai Motors cuts price of Nigeria-made vehicles

Hyundai Motors Nigeria Limited says it has cut the prices of its locally made vehicles in the B-segment, in a move expected to increase...

Disregard news of Skye Bank liquidation, says CBN

The Central Bank of Nigeria (CBN) has advised customers and other stakeholders of Skye Bank to disregard any message suggesting a liquidation of the...

Revenue Drop: Aero Contractors downsize workfore by 60%

Aero Contractors of Nigeria Limited has hinted it would lay off about 60 per cent of its current workforce after a crippling and unrealistic...

N6m Fine: Arik accuses NCAA of ‘bad faith’

Arik Air has accused the Nigerian Civil Aviation Authority (NCAA) of acting in bad faith over its decision to impose a N6 million fine...

CBN get involved in Etisalat N541.8 billion debt

The Nigeria Communication Commission on Thursday said the Commission and Central Bank of Nigeria had moved to intervene in the Etisalat loan issue. The Director...

Coca-Cola acquires 40% stake in Chivita

THE Coca-Cola Company is now a shareholder of the holding company of Chi Limited, Tropical General Investments Group. Both companies, in a statement on Saturday,...

Amazon to create over 5,000 jobs in Britain in 2017

Online retailer Amazon is set to create more than 5,000 jobs in Britain this year, the company said on Monday, boosting its investment in...

Dangote Flour records N8.47bn profit after takeover

This came some months after the group was reacquired from Tiger Branded Consumers Goods Plc. The group posted a profit before tax of N2.64bn in...

NNPC confirms sack of officials, says replacements to be announced soon

The Nigerian National Petroleum Corporation (NNPC) on Thursday confirmed the disengagement of officials linked with missing 130 million liters of petrol. A high ranking source...

Shell disburse $1bn to firms from contractors’ support fund

Some service companies have gained from $1billion from the Contractors’ Support Fund established by Shell Companies in Nigeria supported by the Nigerian National Petroleum Corporation...

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