Business

Nestoil and Neconde have regained control of their headquarters following a Supreme Court judgment overturning asset-freezing orders. Nestoil Limited and Neconde Energy Limited have regained possession of their corporate headquarters following compliance by the Inspector General of Police (IGP) with a recent Supreme Court judgment that restored control of the...

Meta has accused Australia of breaching its free trade agreement with the United States after Canberra proposed a new tax on major technology companies that fail to strike licensing deals with local media organisations. The company, which owns Facebook and Instagram, said the planned levy would be “indefensible” and argued...

Blackstone raises a record $13.1bn Asia fund as investors seek growth opportunities beyond volatile global markets. Alternative asset manager Blackstone has raised $13.1 billion for its latest Asia-focused private equity fund, surpassing its original target and establishing the largest Asia private equity fund in the firm’s history. The fund, known...

BOI says worsening climate pressures are eroding manufacturing, agriculture and infrastructure resilience while discouraging long-term investment across Nigeria. The Bank of Industry (BOI) has declared that pressures arising from climate change are “collectively weakening the competitiveness and economic resilience of Nigerian enterprises, particularly across sectors such as manufacturing, agriculture, infrastructure.”...