Business News

Lion Air Group has sacked 2,600 contract employees in its subsidiary airlines Lion Air, Batik Air and Wings Air as a result of declining flight traffic. According to the spokesperson...

The Chief Executive Officer of Invictus Group and Young Nigerian entrepreneur, Obinwanne Okeke has pleaded guilty to the $11 million internet fraud charges by the Federal Bureau of Investigation (FBI). He...

19 years after Enron Corporation suffered one of the biggest corporate bankruptcies in the history of America, a former subsidiary of the company is battling Nigerian and United States authorities over...

An independent fashion brand based in New York is suing Nike and Michael Jordan for making use of its logo without permission. Rocco Giordano who is the founder of Faded...

Norwegian Air has announced that it has cancelled orders for 97 Boeing aircraft and that it would claim compensation from the United States plane manufacturer for the grounding of 737...

Canada's Cirque du Soleil Entertainment Group filed for bankruptcy protection yesterday as COVID-19 pandemic coerced the popular circus operator to cancel shows and sack its artistes. The Montreal-based entertainment company...

Ford has announced that it would allow any employee who loses his or her job within one year of purchasing a new car, truck or SUV to return it at...

Mr. Price Group is closing its business in Nigeria to concentrate on its business in South Africa.  The famous affordable clothing, sport, and home wear outfit has shut down four of its five outlets...

Microsoft has said it would shut down all its stores and move every retail operation online. The organization revealed it would keep only four locations and transform them to “experience...

A group of Black professionals is initiating a new fund to support Black-owned companies and organizations in Canada as a way of fighting systemic racism in the country. While talking...