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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…
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…