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BREAKING: Facebook Changes Name To Meta In Major Rebrand
Facebook has changed its name to Meta as part of a major rebrand. The company, which announced the change at its annual developer conference, said it would better “encompass” what the…
eNaira speed wallet back on Google Play store — 24 hours after removal
The eNaira speed wallet application, which was pulled down from the Google Play store, is back online after 24 hours. The app disappeared from the Google Play store on Wednesday after…
BREAKING: FBN Holdings appoints Nnamdi Okonkwo as GMD
The board of FBN Holdings Plc (FBNHoldings) has appointed the immediate past managing director of Fidelity Bank Plc, Mr. Nnamdi Okonkwo as its group managing director. Okonkwo’s…
Panic As Bitcoin Crashes, Swallows Millions Of Pounds In Cryptocurrency Markets
Bitcoin’s price has crashed yet again, wiping hundreds of millions of pounds from cryptocurrency markets and sending traders into a huge panic. The world’s most popular cryptocurrency…
Hassan-Odukale built First Bank majority stake in less than a year
Tunde Hassan-Odukale, through direct and indirect shares, built a majority shareholding in FBN Holdings plc (FBNH), to gain controlling stake in the financial holding company…
FX inflow to Nigeria rises to $3.08bn in July – CBN
Net foreign exchange (FX) flow through the Nigerian economy increased to US$3.08 billion in July 2021 from US$2.38 billion in June 2021, according to the Central Bank of Nigeria (CBN).…
NGX queries FBN Holdings over Hassan-Odukale’s shares
The Nigerian Exchange Limited (NGX) has queried FBN Holdings Plc, the holding company of First Bank of Nigeria, for classifying the shareholdings of Tunde Hassan-Odukale and…
eNaira: CBN Warns against Fraudsters, Refutes Alleged N50bn Disbursement
The Central Bank of Nigeria (CBN) yesterday alerted Nigerians to the activities of fraudulent individuals and imposters working to swindle unsuspecting members of the public through…
FBN Holdings confirms Hassan-Odukale single-largest shareholder, Otedola second
FBN Holdings Plc yesterday clarified that the Chairman of First Bank Nigeria Limited, Mr. Tunde Hassan-Odukale and the Chairman of Geregu Power Plc, Mr. Olufemi Otedola are the…
Our Fragrance Brand Has Changed Negative Stereotypes about Nigeria’
Like a little drop in the ocean, the whole thing started on the Instagram page at the peak of COVID-19 pandemic when he posted collections of his perfumes. That idea today has…
Twitter posts $537 mn net loss over lawsuit payout
Twitter said Tuesday it had posted a $537 million net loss in the third quarter after settling a lawsuit alleging investors were misled about slowing user growth. Despite revenue…
‘A mere circular is not law’ — court faults CBN, unfreezes Rise Vest’s accounts
A federal high court sitting in Abuja has vacated the interim order freezing the accounts of Rise Vest Technologies Ltd, a fintech company. The Central Bank of Nigeria (CBN) had on…
EXPLAINER: What You Need To Know About ENaira
On Monday, President Muhammadu Buhari unveiled eNaira, Nigeria’s digital currency. At the launch, Buhari said the adoption of the Central Bank Digital Currency…
Tesla Hits $1trn Market Cap In New Shares Rally
Tesla (TSLA) shares jumped for a fourth straight session on Monday, bringing the market capitalization for the electric-vehicle maker above $1 trillion for the first-time ever. The…
Trading Volume on FBN Holdings’ Shares Rise By 127%
The volume of activities on the shares of FBN Holdings Plc, the parent company of First Bank Nigeria Limited rose sharply by 127 per cent to 350,541,662 on the Nigerian Exchange Limited…
To Boost Production, CBN Unveils New Policy to Fund 100 Private Sector Companies Every 100 Days
The Central Bank of Nigeria (CBN) Monday unveiled a new financial instrument titled, “The 100 for 100 PPP – Policy on Production and Productivity” to boost support for selected private…
Buhari launches eNaira (Photo)
President Muhammadu Buhari on Monday, launched the eNaira platform. The eNaira is a culmination of several years of research work by the Central Bank of Nigeria…
Michael Jordan sneakers sell for nearly $1.5 mn, an auction record
A pair of sneakers worn by NBA superstar Michael Jordan early in his career sold for nearly $1.5 million on Sunday, setting a record price at auction for game-worn footwear, Sotheby’s…
CBN rolls out eNaira app, merchant wallets
The Central Bank of Nigeria (CBN) has rolled out eNaira, the country’s first digital currency. The digital currency has two applications — eNaira speed wallet and eNaira merchant…
IHS Towers: How a bad bet on GSM became a $7bn company
Issam Darwish, the founder/CEO of IHS Towers, was all smiles following the successful listing of his company on the New York Stock Exchange on Thursday, October 14, but it was…
TY Danjuma Changes Name Of BOC Gases Nigeria Amid N479m Loss In Investment
Two months after Theophilus Danjuma acquired BOC Gases Nigeria Plc, the manufacturer of industrial and medical gases has changed its company name amid a loss of N478.68 million. The…
David Beckham Gets £150million Deal To Be Face of Qatar 2022 World Cup
Former Manchester United and Real Madrid star, David Beckham has been unveiled as the face of the Qatar World Cup next month in a deal worth £150million. Reports…
Oil surges near $87 on tight supply
Oil prices climbed on Monday, extending pre-weekend gains to hit multi-year highs as global supply remained tight amid solid fuel demand in the United States and elsewhere in the world…
AMCON Refuses to Pay N10.5bn Unsecured Arik Debts to Aviation Agencies
The Asset Management Corporation of Nigeria (AMCON) has refused to pay to the aviation agencies N9.6 billion and $2.3 million (totalling N10.5 billion), being five per cent ticket and…