Category: International

Islamic Development Bank (IsDB) is likely to establish a hub in Nigeria as it looks to expand and move hundreds of its staff outside Saudi Arabia. The Jeddah-based bank is looking to play a lead …

Flamboyant US boxer Floyd Mayweather has regained his title in the Forbes rankings of the world’s top 100 earning athletes. He earned a $275m (£205m) for his boxing match in August against UFC star Conor …

The Federal Inland Revenue Service (FIRS), on Monday, sealed off two the premises of three companies for failure to pay taxes. The FIRS Enforcement team, led by the Assistant Manager (Legal), FIRS, Ruth Mandeun, sealed …

Payments firm Visa Inc said its systems are operating at “close to normal levels” and the earlier issue affecting users in Europe was “result of a hardware failure”. “We have no reason to believe this …

Mr Isaac Okoroafor, the acting Director, Corporate Communications, Central Bank of Nigeria (CBN) says the apex bank resisted suggestions to float the naira with the country was battling with economic recession. Okoroafor spoke at the …

MTN Ghana launched an initial public offering (IPO) for a 35 per cent stake in its business on Tuesday, which it hopes will raise 3.47 billion cedis ($743 million). In what is expected to be …

An aggrieved shareholder of Continental Reinsurance Plc, Mr Maduka Kanma Okafor, has dragged the insurance company and its Managing Director Dr Femi Oyetunji before a Federal High Court in Lagos, alleging that Dr Oyetunji is …

A US federal court jury has ordered Samsung to pay Apple $533 million for copying iPhone design features in a patent case dating back seven years. Jurors tacked on an additional $5 million in damages …

The Federal Government Enterprise and Empowerment Programme (GEEP) MarketMoni scheme has successfully reached over 350,000 micro enterprises in all 36 states of Nigeria, and the Federal Capital City. This was revealed on Thursday, at the …

Socio-Economic Rights and Accountability Project, (SERAP) has urged President Muhammadu Buhari to “urgently refer the allegations of mismanagement of $16 billion power projects between 1999 and 2007 to the Economic and Financial Crimes Commission, EFCC, …