Facebook shares fall, Zuckerberg loses $5b

Facebook shares stumble in Wall Street over personal data violations Facebook shares plunged Monday as the social media giant faced an onslaught of criticism at home and abroad over revelations that a firm working for Donald Trump’s presidential campaign harvested and misused data on 50 million members. On Wall Street, Facebook shares skidded 6.8 percent […]

CPC intervenes for Nigerians as Ford recalls 1.4m vehicles

Ford Motors By Folasade Folarin Mr Babatunde Irukera, Director-General, Consumer Protection Council (CPC) has called on Nigerians using Ford vehicles to contact the organisation following a recall in the U.S. of about 1.4 million vehicles by Ford Motor Company. Irukera who made the call in a statement on Monday in Abuja said the recall announced on […]

Dangote inaugurates multi-billion-naira rice processing plant in Jigawa

Africa’s richest man, Aliko Dangote on Thursday laid a foundation stone for the construction of a multi-billion Naira rice processing mill in Hadin, Jigawa state. Speaking at the ground-breaking ceremony in Hadin, Kaugama local government area, Dangote said the commencement of the construction of the integrated rice processing plant was the culmination of series of […]

Sterling Bank to seek for non-interest banking license – CEO

The outgoing Managing Director/Chief Executive Officer of the Sterling Bank Plc, Mr. Yemi Adeola, has revealed plans for the bank to seek a license for a stand-alone Non-Interest Bank (NIB) as soon as possible. Speaking at a visit to the Nigeria Deposit Insurance Corporation (NDIC)  management in Abuja, Adeola said the decision was informed by […]

Stocks: Market capitalisation sets new record at N14.18tr

The Nigerian Stock Exchange (NSE) market capitalisation yesterday hit a new record of N14.18 trillion at the end of the trading day. Equities market closed on a positive note as investors gained N330 billion from N37 stocks that recorded gains. This is the first time the market reaches this level. The closest to this was […]

Kamfanin Apple ya nemi afuwar abokan huldarsa

Hakkin mallakar hotoGETTY IMAGESImage captionWayar salula samfurin iPhone na da farin jini musamman tsakanin matasa Kamfanin Apple da ya yi fice wajen samar da wayoyin zamani na komai da ruwanka, ya nemi afuwar abokan huldarsa kan gwangen da ya yi kan wayar iPhone rage saurin wasu tsofaffin wayoyin da gangan. Masu hulda da kamfanin sun […]

Zenith Bank, UBA, Others Pay N499bn on income tax expenses

Zenith Bank, UBA, Others Pay N499bn On Income Tax Expenses Seven Systematicaly Important Banks (SIBs) of the Central Bank of Nigeria (CBN) have paid N499 billion on income tax expenses between 2011 and 2016 Financial institutions under the category of SIB include Zenith Bank Plc, Access Bank Plc, Guaranty Trust Bank Plc (GTBank), parent company of FBN […]

Nigeria Spends $3.2bn On Importation Of Palm Oil In 10yrs

By YUSUF BABALOLA, Lagos Nigeria has imported palm oil worth over $3.2billion in the last ten years, LEADERSHIP can authoritatively report. Findings by LEADERSHIP revealed that the nation imported a cumulative 4,760,000 tonnes of palm oil from 2007 to November, 2017. Palm oil, hitherto one of the nation’s major foreign exchange earners in the early 1960s […]

Bitcoin breaks $10,000 mark

Bitcoin hits over $10,000 in value Virtual currency Bitcoin continued its stratospheric rise on Wednesday, breaking  through the $10,000 barrier for the first and sparking fears of an imminent bubble. The virtual currency hit a high of $10,379 in Asia, according to Bloomberg News, more than 10 times higher than its value at the start […]