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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. …
NOVA Merchant Bank appoints directors, promotes staff
NOVA Merchant Bank, a leading merchant bank inNigeria,…
Tiger Nut: Why Nigeria Must Cut A Piece Of $1bn Global Market
Tiger nut, also known as the yellow nutsedge, is the tuber of the cyperusesculentus plant. According to a US Transparency Global Market Research, the market for tiger nut is projected to…
CBN auctions N2.89 trillion NTBs in 7 months, records 39.47% oversubscription
In a bid to help the federal government finance the 2022 budget deficit, the Central Bank of Nigeria (CBN) has auctioned the sum of N2.98trillion through Nigerian Treasury Bills (NTBs) auction in…
Elon Musk gives condition for Twitter deal to go ahead
Elon Musk said his planned $44 billion takeover of Twitter should move forward if the company can confirm some details about how it measures whether user accounts are ‘spam bots’ or real people.…
Pay Access Bank N26bn Judgement Debt – Court Orders Sonny Odogwu’s Estate
Justice Daniel Osiagor of the…
FG Declares Kano Dry Port As ‘Port Of Origin And Destination’
The federal government has declared the Dala Inland Dry Port in Kano State as a port of origin and destination, a major step to making it function like a seaport. The Minister of Transportation,…
Court orders Providus bank to return customer’s N329.4m fraudulently removed
Justice Peter Lifu of the Federal High Court, Lagos has ordered that Providus Bank Limited should transfer back the remaining balance of N329,454,650.28 alleged to have been fraudulently…
Polaris Bank not sold, management debunks fake news
The management of Polaris Bank Limited has debunked a fake news report claiming that the bank has been sold to an in-law of former military president, Ibrahim Babangida. In a statement on Friday,…