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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…
Crude oil theft in Nigeria is “organized crime” – Chevron Nigeria CEO
Crude oil theft in Nigeria is organized crime and should be differentiated completely from host community issues. This is according to the Managing Director of Chevron Nigeria/Mid Africa Business Unit,…
Euro Falls To Fresh 20-Year Low Level Against US Dollar
Euro declined to a fresh 20-year low level against US dollar on Monday, with the US Federal Reserve’s monetary tightening and Russia’s war on Ukraine which threatens energy supply for Europe. The euro against…
Ericsson, Qualcomm, Thales to take 5G into space
Ericsson, a multinational telecommunications company said it has partnered with French aerospace company Thales and wireless technology innovator Qualcomm Technologies, Inc. to take 5G into space. Ericsson in a…
Failed $44bn deal: Musk mocks Twitter over legal threat
After a $44 billion failed deal with Twitter over breach of agreement, founder of SpaceX, Elon Musk, yesterday, mocked Twitter Inc’s, on legal threats to sue him, following his move to abandon the…
Twitter Shares Sink After Musk Withdraws Takeover Bid
Twitter shares plunged Monday after Elon Musk announced the withdrawal of his $44 billion takeover bid, setting the stage for a potential legal brawl. Shares in the social media giant ended down 11.3 per…
Highest paid MD/CEOs in Nigeria in 2021
The Managing Director or Chief Executive Officer is the highest position in any organization and is usually faced with the responsibility of making the hardest decisions in the company. They are mostly…
Stakeholders fear Lekki seaport will replicate Apapa pains
Hours after the first vessel berthed at Lekki deep seaport, stakeholders and residents along the…
Cement Promo, Way Of Giving Back N1bn To Customers — Dangote
Dangote Cement’s Sales Director, Funmi Sanni, has stated that the ongoing cement promo of the company is a way of giving back a whopping sum of N1 billion to its loyal customers. She said customers are kings…
MAN Urges FG To Grant Members Licenses To Import Diesel From Niger, Chad
The Manufacturers Association of Nigeria (MAN) has called on the Federal Government to issue its members licenses to import diesel from the Republic of Niger and Chad, Nigeria’s neighbouring countries, in…
BREAKING: Elon Musk terminates $44 billion Twitter acquisition deal
Elon Musk has backed out of deal to buy social network giant, Twitter.…
Days After Suspension, Ardova Posts N1.54bn Profit
Integrated energy company, Ardova Plc (AP), on Thursday posted a profit after tax of N1.54 billion for the financial year ended December 31, 2021. Trading of the company’s securities on the Nigerian Exchange…
16 firms pre-qualify for 5 NIPPs privatisation
Sixteen firms have been pre-qualified for the privatisation of five National Integrated Power Projects (NIPPs) in the country, Director General of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh…
Kenya seizes $56.7 million from Flutterwave as corruption, money laundering trial begins in Nairobi
Kenyan authorities have frozen financial assets of Flutterwave after filing criminal charges against the pan-African payment solutions firm. The firm was accused of conducting suspicious transactions and failing to comply with financial…
‘It’s false’ – Flutterwave denies money laundering claims in Kenya
Flutterwave Payment Technology Limited, Nigerian fintech…
UK court blocks Nigeria from appealing ruling on OPL 245 deal – Report
The UK high court of justice has blocked the Nigerian government from…
Oil has plunged below $100 as recession fears spike. This is what happens next, according to top…
Oil prices tumbled on Tuesday as growing concerns about a global recession caught up with energy…
Rihanna is now worth $1.4 billion
The youngest self-made billionaire woman in the US didn’t grow up in a Manhattan high rise or the Hollywood Hills. Instead, Rihanna amassed her fortune from her own music and entrepreneurial ventures.…
‘Increased transparency’ — European Parliament adopts new rules for online platforms
The European Parliament has adopted the Digital Services Act (DSA) and the Digital Markets Act (DMA) as part of efforts to ensure improved accountability for online platforms. The European Parliament is the body…
Alleged unpaid debts: Osibodu, Dantata lose Benin, Kano, Kaduna Discos to Fidelity Bank, Afrexim
…As FG appoints new CEOs for distressed DisCos …Activates emergency fund for Port Harcourt DisCo The alleged…
Reps May Suspend Customs’ Duty System On Imported Vehicles
The House of Representatives Committee on Customs and Excise has directed the Nigeria Customs Service (NCS) to streamline its Vehicle Identification Number (VIN) valuation system or risk the suspension of the…
DMO lists N250bn Sovereign Sukuk on NSE, FMDQ
The Debt Management Office (DMO) has listed N250 billion Sovereign Sukuk on the Nigerian Exchange (NSE) Limited and the FMDQ Securities Exchange. Proceeds from the Sovereign Sukuk, which was heavily…
FG Insists It’s ‘Wrong Time’ To Remove Fuel Subsidy
The federal government has said it is not right to remove Nigeria’s costly fuel subsidy now,…