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Local production of 42.7 billion MT bitumen deposit begins
The Minister of Mines and Steel Development, Olamilekan Adegbite, has said that Nigeria will soon begin production of 42.74 billion metric tonne (MT) bitumen, which has been left fallow for years. He said the cost…
Airtel Nigeria gets final approval to operate agency banking
Airtel Africa Plc says it has receieved final approval from the Central Bank of Nigeria (CBN) to operate as a super agent.…
Republicans cheer Twitter-Musk deal, Democrats worried
Republican lawmakers welcomed the news that billionaire Elon Musk, who calls himself a free speech absolutist, was purchasing Twitter Inc (TWTR.N), but Democrats slammed it as a sign that more needed to be done to…
Twitter employees uneasy about Elon Musk buyout
Many of Twitter employees are on edge—and have been for weeks over the buyout of the social media platform, by Elon Musk, the world’s richest man. “In need of a stiff drink,” one current employee tweeted on…
Twitter CEO Agrawal to receive $42m windfall
Twitter CEO Parag Agrawal would get an estimated $42 million in compensation if he were terminated within 12 months of a change in control at the social media company. Research firm Equilar gave this estimate Monday.…
Former CEO, Jack Dorsey, Hails Elon Musk’s Acquisition Of Twitter
The former boss and co-founder of Twitter, Jack Dorsey, has hailed Elon Musk's acquisition of the platform. Reacting to the $44 billion deal, Dorsey…
Ahead Of Sallah, Air Fares Skyrocket
Most airlines have increased their fares ahead of the Eid-el-Fitri festivities, checks by the Daily Trust have revealed. Therefore, Nigerians travelling for Sallah would have to contend with high airfare or go by…
JUST IN: Elon Musk acquires Twitter for $44bn
Twitter on Monday confirmed it is selling the platform to billionaire entrepreneur Elon Musk in a deal valued at…
Twitter Set To Accept Elon Musk’s $45 Billion Bid To Buy Company – Report
Twitter is reportedly prepared to accept billionaire Elon Musk’s offer to buy the company for $54.20 per share, according to Bloomberg. If negotiations go smoothly, the deal could be completed today, the news…
Nigeria approves insolvency rules for companies
The Corporate Affairs Commission (CAC), said the Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo has approved the Insolvency Regulations (IR) 2022. Mr Rasheed Mahe CAC’s Head of Media Unit said…
Twitter in takeover talks with Elon Musk
Twitter Inc kicked off deal negotiations with Elon Musk on Sunday after he wooed many of the social media company’s shareholders with financing details on his $43 billion acquisition offer, people familiar with…
DMO auctions N225bn FGN bonds at N1,000 per unit
The Debt Management Office (DMO) has offered three new federal government of Nigeria (FGN) bonds valued at N225 billion for subscription by auction. According to NAN, the agency said the bonds are valued at…
INSIGHT: Shared password, suspension in Russia… how Netflix lost 200,000 subscribers
On Tuesday, Netflix said it lost in the first quarter of 2022, citing the prevalence of household sharing accounts and growing competition as major causes. It was the that the streaming giant would record…
DrinksDirect.NG and Cane Integrated Investment Ltd. partner to empower women and young adults
Have you been wondering how to kickstart your business journey and you’re unable to raise capital? Do you own or…
FCMB Offerings meet Customer and Regulatory Requirements – SON
The Standards Organisation of Nigeria (SON) has again validated the capacity of First City Monument Bank (FCMB) to…
Court stops police from arresting firm’s boss, directors
A Federal High Court in Lagos yesterday restrained the Inspector-General of Police (IGP), Force Criminal Investigation Department (Force CID), and the Assistant Inspector-General of Police (AIG) Zone 2…
Android Loses 8% Of OS Market Share In Five-Years
Increasing competition from Apple and others has eroded Android’s global dominance of the Operating System(OS) space…
Nigerian Breweries Spends N97bn To Regain Consumers, Lifts Sales To N437bn In 2021
Nigerian Breweries Plc has employed massive spending on products marketing and promotion to lead consumers back to…
Netflix Slumps In Q1 On 200,000 Subscribers’ Drop
The streaming giant, Netflix, on Tuesday reported a dip in revenue on the unexpected drop of 200,000 subscribers for the first time in…
Viral Video: Fidelity Bank clarifies reports of man singing outside its branch
Fidelity Bank Plc has reacted to a viral video of a man who organised a music band outside the premises of one of its branches in Anambra State…
Digital Currency: Despite Teething Issues, CBN Blazes The Trail With ENaira
When the Central Bank of Nigeria (CBN) officially launched its digital currency known as the e-naira on October 25, 2021, there was scorn in the financial sphere on how it would succeed due to the perforation of…
SPE, NCDMB Hail Dangote Petroleum Refinery’s World-Class Technology Application
The Society of Petroleum Engineers (SPE) and the Nigerian Content Development and Monitoring Board (NCDMB) have applauded Dangote Petroleum…
Musk unrelenting over Twitter takeover, wants to bypass board
World’s richest man Elon Musk has not given up on his plan to take over Twitter in a $43 billion buyout as he tweeted on Saturday, saying “Love Me Tender”. After Musk’s TED talk on Thursday, he hinted at…
Radisson targets 150 hotels in Nigeria, others
The Regional Director for Africa, Radisson Hotel Group, Bert Fol, says the brand plans to expand its hotel business operations in Nigeria and other African countries from 100 to 150 hotels by 2025. He also…