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Business
What to know about the contentious $418m Paris Club consultancy fee
Nigeria’s 36 governors under the auspices of…
Old English Supermarket Opens New Outlet In Surulere
With four branches already booming and servicing its teeming…
Saudi Aramco posts $87bn profit in six months on high oil prices
Saudi Arabian Oil Company (Aramco) says its…
NNPC Ltd, Partners Resolve $9bn Dispute, Sign Pacts For 6 Oil Fields
The Nigerian National Petroleum Company (NNPC) Ltd and its partners on Friday cleared lingering disputes that attracted $9 billion contingency liability as they signed new oil production pacts for…
Nigeria’s gas flares lowest since 2012 as use increases
Nigeria’s gas flares fell the most since 2012 due to…
I declined Tesla’s offer to get raw materials from Nigeria – Minister
Speaking at a summit titled, “Leveraging Future Minerals for Sustainable Development”, Adegbite said a Tesla representative approached him at a summit in Saudi Arabia and showed interest in getting…
Nigerians trade N497bn Bitcoin amid CBN ban
Nigerians traded N497.35bn ($1.16bn) worth of Bitcoin from the beginning of 2021 to June 2022, indicating an increasing prominence of the digital currency in the nation. This is despite the Central…
Nigeria tops world’s countries in obsession with cryptocurrency
A research by a crypto price tracker CoinGecko, has revealed that Nigeria is ranked number one among countries curious about cryptocurrency since April this year. The examination was…
Disney beats Netflix in subscribers, announces price increases
Disney has announced plans to raise the cost to stream shows on Disney+, Hulu and ESPN+ by the end of the year, as the company beat Netflix in total number of subscribers for the first time ever.…
Flutterwave raises staff size by 200, names new Chief People and Culture Officer
Flutterwave, Africa’s leading payments technology company, has completed the recruitment process for its inaugural Graduate Trainee Program, hiring 200 trainees, and growing its employee base by 38 per…
H1’22: More pension funds moving into FG Securities, up 6.2% to N9trn
Pension funds managers are ramping up their investments in government securities as their portfolio went up 6.2 per cent to N9.008 trillion in the first half of 2022, H1’22, from N8.475 trillion in the…
Buhari has reversed approval of Seplat Energy, Mobil Producing Oil deal – Presidency
President Muhammadu Buhari has reversed his authorisation of the…
Billionaire Abdul Samad Rabiu and son get $151.6 million in dividends from food business
Nigerian billionaire industrialist Abdul Samad Rabiu and his son received a N62.9-billion ($151.6 million)…
Presidency, NUPRC Fracas Puts $1.28bn Seplat, ExxonMobil Deal In Limbo
There is a brewing commotion over a deal in oil assets stakes transfer by ExxonMobil Limited to Seplat Energy Limited, an indigenous firm, following a ministerial assent and a regulatory…
Nigeria spends $2.35bn on phone importation – Report
Nigeria spent $2.35bn on telephone importation in three years, according to data from the International Trade Centre. The nation spent $807.95m on importation of phone sets in 2019, $765.57m in 2020…
Acquisition Of Mobil Interference With Judicial Process – Akwa Ibom Govt
The Akwa Ibom State government has stated that the proposed acquisition of shallow water assets of Mobil Producing Nigeria Unlimited by Seplat Energy is an interference with judicial…
We did not publish winding-up suit against Prudent Energy – Zenon Petroleum
Zenon Petroleum and Gas Limited says it did not publish details of winding-up petitions instituted against Prudent Energy and Services Limited. The company made the clarification in response…
Elon Musk sells $6.9b Tesla shares to avoid Twitter fire sale
Tesla Inc Chief Executive Officer, Elon Musk sold $6.9 billion worth of shares in the electric vehicle maker, saying the funds could be used to finance a potential Twitter deal if he loses a legal…
Ardova denies facing winding up order over Prudent Energy alleged debt to Zenon
Oil and Gas downstream company,…
Nigerians in Diaspora remit $60.22bn in three years
Nigeria’s Diaspora population remitted $60.22bn in the…
Baidu bags China’s first fully driverless robotaxi licenses
China search engine giant Baidu Inc said on Monday it has obtained permits to operate fully driverless robotaxi services on open roads from two Chinese cities, the first of their kind in the…
Buhari Approves Seplat’s Acquisition Of Exxon Mobil’s $1.3bn Oil Assets
President Muhammadu Buhari has consented to the acquisition of Exxon Mobil shares in the United States of America by Seplat Energy Offshore Limited. The Special Adviser to the President on Media and…
Zenon Petroleum asks court to wind up Prudent Energy over ‘$6m debt’
Zenon Petroleum and Gas Limited has…
Call, Data Costs To Double As FG Invokes New Telecom Tax
Call and data tariffs may increase by as much as 100 per cent if plan by the federal government to hike consumption tax on telecom services scales through, Daily Trustcan report. …