Telegram Declares Profitability as Revenue Surpasses $1 Billion in 2024
Telegram's creator, Pavel Durov, announced on Monday that the messaging platform is now profitable, with its revenue exceeding $1 billion ...
Tag: Business
Lagos Agro-Hub records N2.495 Billion in First Year
The Lagos State Government's Mushin Fresh Food Agro-Hub has made a significant impact in its first year of operation, generating ...
Seplat Completes Acquisition of MPNU
Seplat Energy Plc has completed the purchase of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil, which is a big step ...
Nigeria’s Oil Output Rises 13% to 1.7 Million Barrels Per Day
In November 2024, Nigeria's crude oil production, including condensate, went up by 13.3% compared to the same month in 2023. ...
AFEX Leads Charge to Improve Food Security Across Africa
AFEX, an innovative company that combines agriculture, finance, and technology, is bringing significant changes to Africa's agricultural industry. Started in ...
Nigeria’s Malta Imports Reach New High Amid Controversy
In the third quarter of 2024, Nigeria's imports from Malta hit a record high of N766.81 billion, according to the ...
Foreign Investments in Nigeria’s Telecoms Sector Plummet by $99 Million – NBS
Foreign investments in Nigeria's telecom industry dropped significantly to $14.4 million in the third quarter of 2024, which is an ...
Mali’s Gold War: Barrick CEO Mark Bristow Faces Arrest Warrant
Mali, one of Africa's top gold producers, has turned up the heat on Barrick Gold, the world's second-largest gold mining ...
NNPCL’s Refinery Resuscitation
On Wednesday, top guys from the Nigerian National Petroleum Company Limited (NNPCL) decided to give the public a glimpse of ...
Google, Microsoft, TikTok Contribute N2.55 Trillion to Nigeria’s Revenue in H1 2024
The National Information Technology Development Agency (NITDA) has announced that major international digital companies, such as Google, Microsoft, and TikTok, ...
Nigeria’s Agricultural Exports Witness Significant Growth
Nigeria's agricultural exports saw a significant increase of 241% compared to the same time last year during the first half ...
Nigeria’s Business Activity Declines for Fifth Consecutive Month
Nigeria's business activity has dropped for the fifth month in a row in November, mainly because of ongoing inflation and ...
Holcim Exits Nigeria Amidst Economic Uncertainty
Holcim, a cement company from Switzerland, has decided to leave Nigeria citing unfavorable economic conditions under the current administration. The ...
Court Orders Arrest of TSTV CEO Over $651,280 Fraud
A Chief Magistrate Court in Abuja has issued a warrant for the arrest of the Chief Executive Officer of Telecom ...
Dangote Refinery Slashes Petrol Price to ₦970
The Dangote Petroleum Refinery announced a reduction in its Premium Motor Spirit (PMS) price, better known as petrol, to ₦970 ...
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