Business Archives - Page 2 of 33 - Independent Digital News Network

Uber Exits Nigeria After 12 Years of Ride-Hailing Operations

Uber has ended its Nigeria operations after 12 years. The company gave broad business reasons for the exit, while riders and drivers now face an immediate change in the country’s ride-hailing market.

Uber Exits Nigeria After 12 Years as Investment Priorities Shift

IDNN2 weeks ago2 weeks ago0

Uber’s 12-year Nigeria run is over. The exit leaves competitors, drivers and policymakers confronting what comes next in one of Africa’s largest consumer markets

FTSE confirms Nigeria’s Frontier return after T+1 settlement review

IDNN3 weeks ago3 weeks ago0

Nigeria’s return to FTSE Russell’s Frontier Market universe remains on schedule for September 21, with regulators also clarifying that foreign portfolio investors are not required to prefund trades under the new T+1 settlement cycle.

Reports say three dead, 12 rescued after Ajuwon building collapse in Ogun

IDNN2 months ago2 months ago0

Reports say three people died and 12 others were rescued after a building collapsed in Ajuwon, Ogun State. The cause and final building details remain under official review.

Anambra Seals Collapsed Oko Students’ Lodge After Deadly Incident

IDNN2 months ago2 months ago0

At least two people were reported dead, while three others were rescued. Officials have not yet issued a final consolidated casualty report.

Many Feared Trapped As Three-Storey Student Hostel Collapses In Anambra

IDNN2 months ago2 months ago0

The building, identified in reports as Elite Five Star Lodge, collapsed in Oko, Orumba North LGA. Police said a joint security team was involved in the response, while rescue operations were reported ongoing.

Golden Eaglets China Trip Raises Stakes As Nigeria Begins U17 Rebuild

IDNN3 months ago3 months ago0

Nigeria’s Golden Eaglets are set for a youth tournament in China as preparations build toward the next WAFU B U17 qualification campaign.

AfDB Says Africa Will Dominate Global Growth Rankings Despite Inflation, Debt Pressure And Economic Slowdown

IDNN4 months ago4 months ago0

Africa fastest growing economies are drawing renewed global investor attention after the African Development Bank projected that several African states will rank among the world’s strongest-performing economies despite inflation, debt pressure, and geopolitical instability. The AfDB says Africa is increasingly emerging as a major global growth frontier, intensifying international competition for capital, trade, energy, and strategic influence across the continent.

EFCC Arraigns Blessing CEO Over Alleged ₦36m Fraud As Refund Claim Raises Fresh Questions

IDNN4 months ago4 months ago0

Blessing CEO fraud case tensions intensified after the EFCC arraigned the social media personality over an alleged ₦36 million fraud case in Lagos, while claims of a partial refund before plea proceedings triggered fresh public scrutiny. The development has escalated debate over influencer credibility, digital financial trust, and whether Nigeria’s expanding online influence economy is facing tougher accountability pressure.

Tinubu Defends Painful Reforms, Says Nigeria Cannot Continue “Fake Life” Economy

IDNN4 months ago4 months ago0

Tinubu economic reforms Nigeria debate intensified after President Bola Tinubu defended fuel subsidy removal, tax reforms, and foreign exchange restructuring at the Africa CEO Forum in Kigali. The president insisted Nigeria could no longer sustain what he described as a “fake life” economy, arguing that painful sacrifices today were necessary to prevent fiscal collapse, stabilize the country, and secure future generations.