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A-29 Super Tucano manufacturer arrives Nigeria to establish plant
The partnership between the United States of America and the Nigerian Military has led to the private…
Nigeria’s economy gaining strength… but inflation will remain high – IMF
The International Monetary Fund (IMF) says inflation will remain high despite the ongoing…
Elon Musk sued for $258bn over dogecoin support
An investor in dogecoin, originally created as a joke but whose value increased and fell as it was promoted by Elon Musk, filed a $258 billion lawsuit Thursday against the billionaire and his companies Tesla and…
FCMB onboards 1m unbanked Nigerians, lends N28.7bn to 200,000 women
First City Monument Bank (FCMB), through EasyAgents, its agency banking…
Facebook, Twitter, TikTok, Google and others agree to new EU rules to fight disinformation
Tech companies operating some of the world’s biggest online platforms — including Facebook-owner Meta, Microsoft, Google, Twitter, Twitch, and TikTok — have signed up to a new EU rulebook for tackling online…
Dangote Sugar Refinery Restates Commitment to FG’s Backward Integration policy
...Rewards Shareholders with N12.147bn Dividend Dangote Sugar Refinery Plc has restated its commitment to the achievement of Sugar Backward integration projects, describing it as the best thing that happened to…
Nigeria’s Foreign Reserve Dips By $2.9bn In 8 Months – IMF
The foreign exchange (forex) reserve for Nigeria has dropped by $2.9 billion within eight months, according to the International Monetary Fund (IMF). The Fund in a statement on Wednesday, after its end of…
China’s holding of U.S. treasuries tumbles
China’s holdings of U.S Treasuries tumbled in April to their lowest since May 2010, with Chinese investors likely cutting losses after Federal Reserve jacked up rates to temper soaring inflation. According…
Dangote Cement Shareholders up dividend by 25% to N20 per share
Shareholders of Dangote Cement Plc yesterday commended the Management of the company for an impressive…
FG orders Facebook, Twitter, others to register with CAC, delete harmful accounts
Nigeria’s federal government through the National Information Technology Development Agency (NITDA) has issued new…
Oil market: High crude prices shoot aviation fuel by 121.4% to N620 per litre
THE price of aviation fuel has increased by 121.4 per cent to N620 per litre in June 2022, from N280 per litre in the corresponding period of 2021, due mainly to the rising price of crude oil in the…
McDonald’s in Russia reopens with new name
The first 15 restaurants of former McDonald’s Corp reopened in Moscow today under new ownership and a new name. It will be known as “Vkusno & tochka”, which means “Tasty & that’s it”, the company said.…
U.S. gasoline price reaches historic level
The price of U.S. gasoline averaged more than $5 a gallon for the first time on Saturday, data from the AAA showed, extending a surge in fuel costs that is driving rising inflation. The national average…
How Echezonachi Ndeokwelu is Trailblazing in Tech: Key Advice for Aspiring Product Managers
In the Nigerian tech ecosystem, the path to success is often marked by overcoming significant challenges and adapting to ever-changing dynamics. As our tech landscape continues to evolve, the role of product managers has become…
Politicians crowd out private businesses from FX market
The currency market may have defied experts’ prediction that the informal segment would witness…
See what Brabus did to the Ghost
WHEN it comes to luxury, the world knows that the Rolls-Royce Ghost has no rival. The same applies to all Rolls-Royce cars. But Brabus, the world’s largest independent automobile refinement specialist has…
Access Bank to acquire Kenya’s Sidian Bank for N15bn
Access Bank Plc has entered into an agreement to acquire the entire 83.4 per cent equity stake held by Centum Investment Plc, a Kenyan-based investment company, in Sidian Bank Ltd, for the sum of about N15…
Jitters as Femi Otedola offloads 834 million shares of FBN Holdings
One of Nigeria’s most respected bank holding companies, FBN Holdings announced its largest single…
Despite Unstable Power, Discos Raked in N2.4tn in Six Years – NBS
The Electricity Distribution Companies (Discos) raked in a total of N2.4 trillion as revenue between 2015 and 2020, the National Bureau of Statistics (NBS) has revealed. According to the NBS, revenue generated…
FG probes Wema Bank, others over illegal accounts opening
Nigeria’s federal government through the Nigeria Data Protection Bureau (NDPB) has announced…
Elon Musk threatens to cancel Twitter deal
Elon Musk is threatening to pull his $44 billion Twitter buyout, accusing the company of hiding information about the number of bot and spam accounts on the platform. In a letter filed with the Securities and…
NPA’s plan to concession barges can’t work – Operators
Bunmi Olumekan is the current president of the Barge Operators Association of Nigeria and also managing director of Rely Maritime Limited. In this interview with ANOZIE EGOLE, he speaks on the challenges facing…
Shareholders thumb up NASCON’s good performance, despite pandemic
…wins haulage company of the year Shareholders of NASCON Allied Industries Plc, a subsidiary of Dangote…
Elon Musk freezes hiring at Tesla, wants to retrench staff
Tesla CEO Elon Musk has ordered a pause in hiring in all Tesla factories worldwide, as he also planned to cut about 10% of salaried staff. A message sent to executives on Thursday laid out his concerns, his…