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Man United bidding process goes to third round
Qatari banker Sheikh Jassim Bin and British billionaire Jim Ratcliffe both submitted a second bid for the Premier League club last month. Several…
Naira appreciates to N737/$ at parallel market as dollar demand slows
The naira, on Wednesday, appreciated to N737 per dollar at the parallel section of the foreign exchange (FX) market, popularly called…
With 5.5% Stake, Femi Otedola Emerges Transcorp’s Largest Individual Shareholder
Billionaire businessman, Mr. Femi Otedola has emerged largest single individual shareholder in Transnational Corporation Plc…
Nigerian Government Files Charges Against Seplat CEO, Roger Brown, Others Over Breach Of Immigration
The Nigerian government has filed criminal charges against Seplat Energy Plc; the company’s Chief Executive Officer, Mr. Roger Brown; the Board Chairman, Mr. Basil Omiyi, for alleged breach of extant provisions of the…
Elon Musk admits to making ‘many mistakes’ since Twitter takeover
Twitter boss Elon Musk said running the social media network has been “quite a rollercoaster” and acknowledged “many mistakes” along the way, six months after he bought the company for $44 billion. In a live interview…
Benin leads Lagos, others in smartphone penetration
Benin City, Lagos, Kaduna, Ilorin, and Onitsha have been identified as cities with the highest smartphone penetration in Nigeria. This is contained in a recent report on smartphone and application penetration…
MTN Nigeria dethrones Airtel as most valuable company
MTN Nigeria Communications Plc has overtaken Airtel Africa Plc as the most valuable company on the stock market as the latter emerged as the biggest loser at the end of trading on Tuesday. The stock market rout in…
Shareholders demand reversal of virtual yearly general meetings
Shareholders have called for the review of the provision of an Annual General Meeting (AGM) arrangement that grants listed firms an option to hold…
LASG Steps Up Intervention To Address Egg Glut In The Poultry Sector
The Lagos State Governor, Mr. Babajide Olusola Sanwo-Olu has championed the food systems transformation plan with the overall objective of improving the livelihood of the…
Drama As Arik Air Founder Is Barred From Airline’s Premises
There was a mild drama at Murtala Muhammed International Airport, Lagos, the headquarters of Arik Air, as the Chairman/Founder of the airline, Chief Johnson Arumemi-Ikhide, was barred from entering the company’s premises.…
From $24bn to $5bn, Nigeria faces investment drought
The total foreign investment that flowed into Nigeria in 2019 is more than four times what the country attracted last year, as the country’s failure to solve many of its economic problems including dollar shortage has…
Saudi Arabia Prequalifies 13 For Exploration License
Saudi Arabian Ministry of Industry and Mineral Resources (MIM) has shortlisted 13 local and international companies for…
Nigeria’s Cinema Records N441m Revenue In March
The Cinema Exhibitors Association of Nigeria (CEAN) on Monday, said it generated N441 million from tickets sold across the country in March. The National Chairman of CEAN, Mr Opeyemi Ajayi disclosed this while…
JUST IN: Peak Milk apologises to Christians over ‘offensive’ Easter advert
…withdraws picture, pledges it won’t happen again The management of FrieslandCampina WAMCO Nigeria Plc, manufacturers of Peak Milk, has apologised to the Christian Association of Nigeria for using the crucifixion of…
CAN Threatens To Boycott Peak Milk Over ‘Offensive’ Good Friday Advert
The Christian Association of Nigeria (CAN) on Monday described a recent social media advert by FrieslandCampina WAMCO Nigeria PLC, makers of Peak Milk as insensitive, offensive, and totally unacceptable. The dairy…
FG bars online banks from accessing customers’ photos, contacts
Loan apps on Play Store will lose their ability to access their users’ contacts or photos from May 31, 2023. This came as the Federal Government said it would enforce the latest policy by Google, saying the action was…
How Kano, Lagos, Borno Traders Lost Over N100bn To Fire
Fire disasters in major markets have become a recurring decimal in Nigeria in recent times, with billions of money and property lost. In Kano, fire razed three major markets, Singa Market, where commodities are…
Nigeria’s dollar millionaire club shrinks 30% in a decade
The number of dollar millionaires in Nigeria shrank by 30 percent in the last decade, a new report has shown, with analysts attributing the decline in private wealth to naira depreciation and other economic headwinds.…
Landlords offer rent cut, concessions as office market dips on slowing economy
Within the second half of 2022, landlords or suppliers of prime office spaces were cautiously optimistic about the market returning to the same level of activities…
POS agents suffer low patronage as banks dispense more cash
As banks have made more cash available to their customers following the directive from the Central Bank of Nigeria (CBN), Point of Sale (PoS) agents are…
Foriegn airlines in Nigeria earned over $1.1bn from ticket sales in 2022 – Bankole Bernard
Bankole Bernard, chairman of Airlines and Passengers’ Joint Committee (APJC) of the International Air Transport Association (IATA) has said that despite…
UBA stock hits 1-month high ahead of Abuja Disco $122m sale
The share price of United Bank for Africa Plc (UBA) jumped to a one-month high Thursday after the Nigerian lender said it was finalising the sale of the troubled power distribution company it foreclosed two years ago…
N750m Debt: Court winds up Anyiam Osigwe Group
Justice Ayokunle Faji of the Federal High Court Lagos on Thursday ordered the winding up of Anyiam Osigwe Group Limited due to its inability to pay its N750m debt owed to First Bank of Nigeria (FBN) Plc since…
TikTok Founder Lost $17 Billion In 2022
Zhang Yiming, the founder of TikTok parent company ByteDance, saw his personal fortune fall by $17 billion last year, according to a new Chinese ranking published Thursday. The reasons for the losses are unknown,…