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Category: Business

Musk: Tesla drivers back behind wheel after server problem

Tesla CEO Elon Musk reported late Friday that an app problem that was keeping a number of drivers worldwide from using their cars was on the mend after a server issue...

Breaking: Naira depreciates by 2.8% at parallel market

The naira, on Friday, depreciated against the dollar at the parallel section of the foreign exchange market. Bureaux De Change (BDC) operators in Lagos told TheCable on...

Innoson Chairman: My relationship with GTBank changed after ex-MD’s exit

By Sodiq Adewale Chocomilo   Chairman of Innoson Group, Innocent Chukwuma has disclosed that his relationship with Guaranty Trust Bank (GTB) now Guaranty Trust...

Blue Ocean Lodge & Club Opens in Osun

The landscape of the hospitality business in Osun state is about changing with the entrance of a Blue Ocean Lodge & Club Obagun, Osun state. Obagun is set to...

Obi Cubana reacts to client’s death, shuts down Abuja club

Socialite and businessman, Obinna Iyiegbu, aka Obi Cubana, has shut down his Abuja club, Hustle & Bustle, over the death of one of his clients.      ...

eNaira downloaded over 566,000 times from 160 countries – CBN reveals

The Central Bank of Nigeria said on Friday that the eNaira wallet has been downloaded over 488,000 times from over 160 countries.     The CBN said in a...

Naira Appreciates At Official Market As Nigeria’s External Reserve Bounces Back

The exchange rate between the Naira and the US dollar closed at N414.30/$1, at the official Investors and Exporters window. The Naira appreciated against the US dollar...

CBN: We Spent N58.6bn To Print N1.06trn In 2020

The Central Bank of Nigeria (CBN) has stated that it spent N58.618 billion to print 2.518 billion of naira notes, valued at N1.06 trillion in 2020.      ...

How Femi Osibona, Fourscore Homes Owner’s Body Was Recovered From Collapsed Building

Owner of Fourscore Homes, the company in charge of the 21-storey building that collapsed in Lagos identified as Femi Osibona has been found dead. The development has...

Two Years After Listing On NGX, MTN Nigeria To Sell 575m Shares

MTN Group has disclosed that it will sell 575 million shares worth $241.7 million in the Nigerian unit to institutional investors and retail investors. This is the first...