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Business
‘Our 10th AGM is valid’ – FBN Holdings reacts to ‘court order’ against its meeting
FBH Holdings Plc has reacted to a court injunction…
NNPC Transition: Group CFO Expected to Intensify Internal Checks, Control
•FG to Halt funding as national oil company transforms fully to commercial entity today •Eyes IPO in June 2023 as Kyari assures NNPC will run as world class firm • Says Dangote refinery ready…
Euro Falls Below Dollar For First Time In 20 Years
The euro has fallen below the dollar for the first time in nearly 20 years as the war in Ukraine pushes the single currency down. A single euro bought $0.998 on the foreign exchange market; down by 0.4 per…
Biodiversity: Dangote Cement partners Agencies, Stakeholders on environmental sustainability
…plants 7,205 trees to commemorate the 2022…
Nigerian fintech owners bag jail term in US over $167million money laundering
The top executives of a United States-based fintech company, Ping Express have been sentenced to 27 months imprisonment for breaching money laundering rules. The fintech executives who are Nigerians with the names…
Saraki to churn out billions to corner Norwegian oil assets
The Norwegian crude oil storage vessel firm wants to leave Nigeria to focus…
Bot Battle: The tech that could decide Twitter’s Musk lawsuit
If Twitter’s lawsuit over Elon Musk’s $44 billion buyout bid ever reaches trial, the case will likely center on a ubiquitous and often unloved technology: bots. The information Twitter has or has not…
Court orders Imagine Global founders to pay N18.9bn to aggrieved investors
The Lagos state high court sitting at Osborne, Ikoyi, has ordered Imagine Global Holding Company Limited and its owners, Bamise and Elizabeth Ajetunmobi, to pay N18.9 billion to aggrieved investors. On…
MTN Plans Telkom’s Acquisition
MTN has said it is into discussions to acquire the entire issued share capital of…
Hike In Food, Energy Prices May Push Inflation To 18.51%
The Nigerian economy is expected to plunge deeper in the months to come as inflation in the country is…
Stanbic IBTC Appoints New Executive Directors
Stanbic IBTC Holdings Plc, a member of Standard Bank Group, has appointed nine directors to oversee the…
Court freezes Sh45m in Nigerian firms’ accounts
The High Court has frozen the accounts of two…
Anambra Traders Lament Tax Burden Under Soludo
Market men and women at the Eke Awka market in Awka South local government council of Anambra State have lamented over the new taxi regime introduced by Governor Charles Soludo. Those lamenting include sellers…
Another U.S. cryptocurrency lender files for bankruptcy
U.S. crypto lender Celsius Network said on Wednesday it has filed for bankruptcy, becoming the latest victim in the cryptocurrency sector to wilt under a dramatic plunge in prices. New Jersey-based…
Lufthansa cancels 2,000 summer flights
German national carrier Lufthansa said Wednesday it was scrapping another 2,000 flights this summer because of staff shortages, adding to a chaotic travel season as the industry attempts to bounce back from the…
Multichoice: Controversy Over Judgment On Sublicence Channels
MultiChoice Nigeria has described as incorrect media reports suggesting that the Court of Appeal ordered the company to sub-licence some of its channels to Metro Digital Limited, a cable television service…
N165 petrol pump price no longer realistic, says major marketers
Major oil Marketers Association of Nigeria (MOMAN) has said the regulated N165 pump price for Premium Motor Spirit (PMS), also known as petrol, is no longer realistic. Chairman, Mr. Olumide Adeosun, made…
Dangote now 63rd, Elon Musk tops 100 billionaires ranking
Nigeria’s Aliko Dangote has become the 63rd richest billionaire in the world, according to the latest ranking by Bloomberg. In the ranking released on Wednesday, the Chief Executive Officer of Tesla,…
Travellers groan as summer fares spike 200%, N1m per economy seat
For the third year on the bounce, there will be no summer travel…
Post-Vaids: JTB, FIRS Commences Full-Scale Enforcement of Defaulters
Upon the effluxion of the amnesty provided by the Voluntary Assets and Income Declaration Scheme (VAIDS) set up by the Federal Government of Nigeria through the Federal Ministry of Finance, the Joint Tax…
French Shipping Line Slams Surcharge On Cargoes For Nigeria, Other Ports
Effective August 1, vessels with cargoes toTincan port in Lagos Tema, Lome and…
Nigeria Targets $11.4Bn Proceed From UTM Offshore FLNG Project
The African Export-Import Bank (Afreximbank) has executed a project preparation facility…
Nigeria’s external reserves add $923 million in four weeks
Nigeria’s external reserves have gained $923 million in the past four weeks, reversing the several months of downwards trend. It had declined steadily to $38.421 billion on June 6th, 2022 from $40.52…
NNPC blocks Exxon Mobil’s asset sale to Seplat
THE Nigerian National Petroleum Company Limited has won a court decision temporarily blocking Exxon Mobil Corporation from selling assets in Nigeria to Seplat Energy Plc. A judge in Abuja granted NNPC an “order of interim injunction” on…