Alibaba fined $2.75bn for violating China’s anti-monopoly law
Photo: VOA Alibaba Group Holding Ltd has been fined 18 billion yuan ($2.75 billion) by China after an anti-monopoly probe found the e-commerce giant abused...
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CBN takes steps to freeze 194 accounts
The Central Bank of Nigeria, CBN has secured three court orders to freeze bank accounts linked to 194 business entities and individuals in 17 banks....
ACCI calls for establishment of Qatari-African Chamber Of Commerce
Dr Al-Mujtaba Abubakar The President, Abuja Chamber of Commerce and Industry, Dr Al-Mujtaba Abubakar has called for the establishment of the Qatari-African Chamber of Commerce...
Union threatens to shut down airports
Nigeria Union of Pensioners (NUP) Federal Airports Authority of Nigeria (FAAN) branch has threatened to embark on a nationwide protest over the failure by the...
Toshiba considers $20bn offer to go private
Photo:koreabizwire.com Toshiba Corp is considering a $20 billion offer from a private equity firm, CVC Capital Partners to take it private, as the Japanese industrial...
LG becomes first smartphone brand to withdraw from market
Photo: Reuters South Korea’s LG Electronics Inc will wind down its loss-making mobile division after failing to find a buyer, a move that is set...
Nigeria exited recession earlier than expected- World Bank
The World Bank says Nigeria made an early exit out of recession than projected in its October 2020 forecast. The bank said in its latest...
DBN disburses N191bn to SMSEs
Over N191bn was given out as loans to Small and Medium Scale Enterprises by the Development Bank of Nigeria last year. This represents an 89%...