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Twitter board approves Elon Musk takeover
Twitter board of directors on Tuesday unanimously approved Elon Musk’s $44 billion buyout offer, according to a Security and Exchange Commission filing. Shares of Twitter rose slightly by less than 1% in the…
Petrol price remains N165 per litre – FG insists
The Federal Government on Tuesday said the fixed pump price of Premium Motor Spirit (PMS) remains N165 per litre as stipulated in the petroleum product pricing template. The government also advised Nigerians against…
REVEALED: Peter Obi administration’s $12.24m stake in International Breweries now worth $5.38m
In a 2018 interview, Peter Obi said he invested $20 million in International Breweries…
CBN Raises Online Transfer Limit To N25 Million And N250million For Individuals And Companies…
The Central Bank of Nigeria (CBN) has raised the limit for ‘Highly Secured Online Funds Transfer’. This begins from…
NNPC begins operation as limited liability entity July 1
The activities of the Nigerian National Petroleum Company Limited (NNPC Ltd.) for the new week started with a cheering news that the company would begin operation on July 1 as a limited liability company. The…
14 Banks Raked in N47trn as Deposits, Disbursed N25trn Loans in 2021
* Zenith, Access, UBA, GTCO, First Bank, Ecobank maintain industry dominance Fourteen banks listed on the Nigerian Exchange Limited (NGX) raked in a total of N46.863 trillion from their respective customers…
Why FG can’t intervene in rising cost of diesel, aviation fuel – Sylva
The Federal Government is not in a position to intervene in the rising price of diesel and aviation fuel because prices for both products are deregulated, the Minister of State Petroleum Resources, Chief Timipre…
7 Reasons Why You Should Make ‘The SME Mall’ Your Business Growth Partner
The SME Mall a digital platform designed to connect individuals and businesses with professional service…
Sanctioned Russia becomes China’s main source of oil
Customs data showed Monday that China ramped up crude oil imports from Russia in May, helping to offset Russia’s losses from western nations’ sanctions. Sanctions had scaled back patronage of Russia’s energy…
At $450mn, Nigeria Owes 25% of Global Airlines’ Blocked Fund, Says IATA
International Air Transport Association (IATA) is planning another round of discussions with Nigerian officials to…
Apapa Gridlock Disappearing As Logistics Cost Reduces By 120%
…FG should reduce age limit of imported used cars to 2010 –Alabi Indication at the weekend was that the notorious traffic congestion on the Lagos port access road otherwise referred to as Apapa traffic…
Apple store workers vote to form first US union
Workers at an Apple store in Maryland have voted to unionise, forming the tech giant’s first retail union in the United States. The employees of the shop in Towson passed the measure 65-33, with about a dozen…
Berger Paints announces 4-day working week, first by Nigerian firm
Berger Paints Nigeria (BPN) Plc, a manufacturer of coated paints and allied products, said it is embarking on a four-day work week initiative for its staff, starting from July 1. The company’s Chairman, Mr…
Bill Gates says cryptocurrencies based on ‘greater fool theory’
Microsoft founder Bill Gates said that cryptocurrencies and non-fungible tokens (NFTs) are “100 percent based on greater fool theory.” The theory means that people can make money by purchasing assets that are…
Court stops FG from taking further actions on e-Customs project
A Federal High Court in Abuja has restrained the Federal Government from enforcing or giving effect to the Customs Modernisation Project otherwise known as e-Custom allegedly executed by its agents on May 30,…
Nigeria generated N588bn from VAT in Q1 2022 — up by 4.4% from previous quarter
The National Bureau of Statistics (NBS) says the country generated N588.59 billion as value-added tax in the first three months of 2022. The figure represented an increase of 4.4 percent from the N563.72 billion…
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…