Good news for importers as CBN extends timeline for issuance of letters of credit processing

The Central Bank of Nigeria (CBN) has extended the timeline for the issuance of letters of…

OpenAI will not offer board seats to Microsoft, other investors

OpenAI, the owner of ChatGPT, is not expected to grant seats on its new board to…

FCMB Group says it recorded 108% growth in profit before tax

FCMB Group Plc (FCMB) announced a significant growth in profit before tax (PBT) of 108% YoY…

Naira slumps to N814.60/$1 against the dollar at official market 

On Monday, November 27, 2023, the Nigerian naira took a hit against the US dollar, closing…

Alibaba Cloud suffers second service outage in a month

Alibaba’s cloud service experienced a disruption that lasted for almost two hours on Monday, affecting customers…

Tesla sues Swedish state agency over number plate blockage

Tesla, the American electric vehicle and clean energy company, has reportedly filed a lawsuit against the…

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