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Business
BREAKING: Todd Boehly-led consortium acquires Chelsea for £2.5bn
CHELSEA FC has announced that terms have been agreed with a new ownership group to…
Excitement as FCMB Millionaire Promo Goes Digital, Set To Reward 23,000 Customers
More excitement for customers as First City Monument Bank (FCMB) announced Season 8 of its widely famous and successful…
Binance commits $500m to finance Musk’s Twitter takeover
Binance, the world’s largest cryptocurrency exchange, is participating in Elon Musk’s $44 billion acquisition of Twitter, according to data filed with the United States Securities and Exchange Commission. Elon Musk…
‘It’s becoming drug trafficking hub’ — CBN warns banks on transactions related to Benin Republic
The Central Bank of Nigeria (CBN) has directed banks to implement enhanced measures on existing accounts and transactions related to the Benin Republic. The apex bank said this in a circular dated April 11 and signed…
Femi Adebayo’s ‘king of thieves’ generates N224m in 4 weeks
Femi Adebayo will definitely smile at the bank in 2022. His new epic movie, titled ‘King of Thieves’ known as Agesinkole, has now generated over N224 million in its first four weeks of premiere at the cinema.…
US raises interest rates by 50 points — the biggest hike in two decades
The United States Federal Reserve (Fed) has raised its interest rate by 50 basic points — the biggest hike since 2000 — in an effort to curb…
EU mulls ban of Russian oil, refined products
European Union countries will stop importing Russian oil and refined products, the head of the bloc’s executive European Commission Ursula von der Leyen said on Wednesday. “We will phase out Russian supply of crude…
Q1: Dangote Cement ramps-up production at Okpella plant
………….as earnings per share hit ₦6.18 Africa’s biggest cement manufacturer, Dangote Cement, has ramped up production…
‘A slap in the face’: Some Americans are mad over potential student loan forgiveness
As the president weighs broad student loan forgiveness, some Americans expressing frustration…
Mobile network operators plan 40% increase on calls, SMS, data
Telecommunication companies are proposing a 40 per cent increase in the cost of calls, SMS,…
Twitter May Introduce Slight Fee For Commercial, Government Users
Twitter Inc may introduce slight fees for commercial and government users but Elon Musk insists the social media platform will always be free for…
Nigeria’s $560m Tops African Startups’ Funding In Q1 2022
Amid difficulties in the business environment in the country, Nigerian startups raised a total of $559.85 million, accounting for 35.2…
Access Bank Promotes 800 Staff, Transits To Holdco Structure
Access Bank Plc has promoted 800 employees after a transparent and robust performance management review in…
Musk Seeks Co-Financing In Twitter Deal
Elon Musk has begun talks with large investment firms and high net-worth individuals about financing for his $44 billion…
Imported vehicles: Customs’ agents write National Assembly over 15% levy
THE Association of Nigerian Licensed Customs Agents will be writing the National Assembly immediately after the Eid al-Fitr break to express their grievance over the newly introduced 15 per cent National Automotive…
Patrice Motsepe no longer richest Black man in southern Africa – meet Strive Masiyiwa
South African mining tycoon Patrice Motsepe – who has been the richest Black man in southern Africa since 2008 –…
Regulatory restriction: Subscribers have declined by 1.3m — MTN
MTN Nigeria Communications Plc (MTN Nigeria) says its mobile subscribers declined by 1.3 million to 70.2 million…
British Bizman, Ratcliffe, Offers To Buy Chelsea For $5.3bn
British businessman, Jim Ratcliffe, has made a £4.25 billion ($5.3 billion) offer to buy Premier League club, Chelsea, his company Ineos said on Friday. The club’s Russian owner, Roman Abramovich, put the…
MTN Nigeria pays N174bn dividend to shareholders
MTN Nigeria says it has paid N174.54 billion in dividend to its shareholders. In a statement issued on Thursday, MTN Nigeria said the…
$44 billion Twitter deal: Sources reveal what Elon Musk told banks
Elon Musk told banks that agreed to help fund his $44 billion acquisition of Twitter Inc (TWTR.N) that he could crack down on executive and board pay at the social media company in a push to slash costs, and…
Several European traders have started to pay for Russian gas in roubles
Some European traders have started to pay Russia for gas sales in roubles, while large clients have yet to do so, two sources…
CAR adopts Bitcoin as official currency, first in Africa
Central African Republic (CAR) has become the first African country to adopt bitcoin as an official currency, the second in the world to do so. The country’s presidency announced this Wednesday. Despite rich…
Nigeria’s FastCash Celebrates Two Million Personal Loans Worth 59bln
FastCash, the fastest-growing instant loan solution in Nigeria, is proud to announce…
Oil prices slide on China fears; Twitter rises on Elon Musk deal
Oil prices tumbled Monday along with equities in Europe and Asia on worries over a worsening Covid-19 outbreak in China, while US stocks finished a volatile session higher as Elon Musk sealed a deal to acquire…