Business

It’s the sixth-largest U.S. company, the fastest ever to reach $250 billion in value, with revenue that has quintupled in four years. And yet Facebook Inc. isn’t in the Dow Jones Industrial Average. Why not? […]

As Nigerians continue to bear the brunt of the economic downturn and the debilitating cash squeeze in the country, the shareholders of two of Nigeria’s largest banks – Guaranty Trust Bank (GTBank) and Zenith Bank […]

Boston Consulting Group opened its first office in Nigeria as it looks to target companies investing in infrastructure, even as Africa’s biggest economy and oil producer endures its worst crisis in 16 years. BCG opened […]

Nigerian Internet provider ntel is seeking more than $1 billion to invest in 4G mobile broadband by 2020 as the owner of the former state landline company seeks to take advantage of a rising number […]

Dubai likes to describe itself as the city of gold – but many, including Nigerians, don’t just come here to buy new jewellery, they also bring their old necklaces and bracelets to be melted down […]

Uber Technologies Inc. plans to start operating in three new African countries by the end of June, extending its reach 2 1/2 years after introducing its ride-hailing service in the continent. The company is set […]

Time Inc (TIME.N) is considering partnering with a private equity firm on a bid for Yahoo Inc’s (YHOO.O) core Internet assets, according to people familiar with the matter, as the U.S. publishing company seeks to […]

Activist Starboard Value LP is making good on its threats to unleash a proxy war with Yahoo! Inc., seeking full control of the Web portal’s boardroom. Starboard said Thursday it is nominating nine directors to replace […]

Aliko Dangote, Africa’s richest man, is teaming up with the Bank of Industry (BoI) and the Kaduna and Kebbi state governments to acquire majority stake in Peugeot Automobile Nigeria (PAN) Limited. This disclosure was made […]

Customer care is growing steadily in Nigeria, especially in big cities like Lagos and Abuja, where there are more corporate bodies, and both the customers and the service providers are more educated. In many parts […]

President Muhammadu Buhari on Monday said the unbundling of the Nigerian National Petroleum Corporation was part of strategies aimed at repositioning the country’s oil and gas sector, and announced a daily crude oil production target […]

Guaranty Trust Bank (GTB) Plc, Nigeria’s most capitalised banking stock and fourth most capitalised quoted company, yesterday announced its audited earnings report for the year ended December 31, 2015, showing growth across key top-line and […]

E-commerce appears the way to go, particularly with the younger generation seeming eager to embrace new ways, but issues of trust and safety threaten growth. At the just concluded, Nigeria Summit in Lagos, the Ag […]

Oil giant Shell is being sued in London for the second time in five years over spills in the Niger Delta. Two communities are claiming compensation and want Shell to clean up their land. Shell […]