Business
11 stories in Business
Elon Musk’s Wealth Jumps $30.7bn in 24 Hours to $894.9bn
Elon Musk’s net worth has risen by $30.7 billion in 24 hours to $894.9 billion, according to Forbes’ Real-Time Billionaires ranking, while his Tesla empire continues to advance its next-generation AI chip.
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Uber Exit: Bolt Emerges as Major Option for Stranded Drivers, Riders in Nigeria
Uber's exit from Nigeria has created an opportunity for Bolt to attract stranded drivers and riders as the country's ride-hailing market enters a new phase.
Foreign Investors Pull N266bn From Nigeria’s Equities Market in Three Years
Foreign investors have withdrawn a net N266.07 billion from Nigeria’s equities market in the first seven months of 2026, raising concerns over foreign capital retention.
OPay Deploys AI, Data Analytics to Strengthen Fraud Prevention
OPay says it is using artificial intelligence, big-data analytics and real-time transaction monitoring to detect and prevent fraud as Nigeria’s digital payments ecosystem continues to expand.
Federal Government Unveils Tinubu Light Initiative For One Million Small Businesses
The new scheme aims to provide affordable renewable power solutions to micro, small, and medium enterprises across Nigeria.
Nigerians Spend N1.41 Trillion on Beverage Drinks in Six Months
Financial statements from major brewing firms reveal high spending on beer, malt, and spirits despite national inflation.
Tech giant beats forecasts on cloud and advertising strength
Revenue rose 14% year on year as enterprise contracts accelerated.
Markets rally on central bank signal to pause rate hikes
Equities posted their strongest single-session gain in six months following the announcement.
Regulators open in-depth antitrust probe into mega-merger
The 18-month review could reshape the industry.
Enterprise AI startups pull in record quarterly funding
Venture flows reached the highest level since 2021.
Semiconductor exports jump as demand for AI chips accelerates
Shipments rose 34% year on year, led by advanced packaging and memory.