Business News

South African-owned retail giant, Shoprite, has edged closer to leaving Nigeria after it sold 100% equity stake of its Retail Supermarkets Nigeria Ltd subsidiary. In August 2020, Shoprite announced it would...

According to reports, United States’ soft drink producer, Coca-Cola is planning to exit the African market. Coca-Cola is considering the exit alternative after it held talks with potential partners. It...

A study carried out by the Italian Chambers of Commerce associations Unioncamere and Infocamere has discovered  that one out of every ten enterprises in Italy is run by immigrants—and that Nigerians have the highest...

The founder of Twitter, Jack Dorsey, recently sold his first tweet in an auction to a Malaysia-based CEO for $2.9 million. The tweet is in a type of a Non-Fungible Token...

YouTube is about to start deducting taxes from content creators outside the United States on the earnings generated from viewers in the United States. In an email sent to creators,...

Canadian mortgage firm Westbridge Mortgage has begun operations in Rwanda, a development that CEO JD Diabira says will usher in banking expertise in the areas of credit risk, inclusive growth...

The Nigerian-Canadian company that is currently mining gold in Osun State, southwestern Nigeria will start exporting gold in June 2020. This information was made available by Minister of Mines and...

The Ontario Securities Commission has given approval to a Bitcoin exchange-traded fund. As a result of the approval, the fund is the first of its kind to be listed on any...

According to a recent announcement, Bezos will be replaced by Andy Jassy.  Bezos has been the CEO of Amazon since it was established in 1995 and he grew the company...

In a major development that analysts have adjudged a historic move, Unifor members have voted to approve General Motors Canada’s plan to invest $1 billion in an electric vehicle plant in southern...