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Saudi capital market gives green light for Aramco’s record initial public offering
Saudi Aramco’s multibillion-dollar share sale, likely the biggest initial public offering (IPO) in history, is officially underway after the company formally announced its…
Fed Govt to support Dangote Refinery
MINISTER of State for Petroleum Resources, Timipre Sylva, has said governments across the world will support a project with the likes of Dangote Petroleum Refinery. The refinery is…
McDonald’s Fires CEO Steve Easterbrook Over Relationship With Employee
McDonald’s Corp. said it has fired Chief Executive Steve Easterbrook because of his consensual relationship with an employee, the latest challenge for the company as it races to keep up with changes…
Nigeria’s border closure will extend beyond January 2020
The partial closure of Nigeria’s land border with neighbours will continue beyond January 2020 and will only be terminated until the set objectives are achieved. A leaked…
Compel banks to reduce interest rates – Donald Duke tells FG
A former governor of Cross River, Mr Donald Duke, has called on Federal Government to compel banks to reduce interest rate to the barest minimum to make credit available and affordable…
Aramco announces plans for giant stock market debut
Saudi Aramco said Sunday it will list on the Riyadh stock exchange in what could be the world’s largest IPO, underpinning Crown Prince Mohammed bin Salman’s ambitions to…
FG, farmers’ group to establish farm settlements across Nigeria
The Federal Ministry of Agriculture has disclosed its plans to partner with Nigeria Farmers Group and Cooperative Society (NFGCS), using its model as a template to transfer…
Pop Music Legend, Michael Jackson Tops 2019 List Of Highest-Earning Dead Celebrities
Michael Jackson has again been named the top-earning dead celebrity. The late King of Pop was number one on Forbes’ 2019 list after his estate made over £46 million in the last 12…
First ‘Amala’ Festival to hold in Lagos
The city of Lagos is set to host the first edition of an annual Food Festival tagged: ‘Amala Festival 2019.’ The festival is aimed at bringing together local food vendors,…
Photos Of Ikoyi Luxury Flats “Sisi Paris” Built By Mike Adenuga’s Daughter, Bella…
Mike Adenuga’s daughter, Bella Disu has just completed a luxurious high rise complex with 18 Units of Serviced Apartments. The building built in Ikoyi area of Lagos has taken the social media by suprise. Sharing the video, Bella Disu…
South Africa’s credit rating close to junk status
Ratings agency Moody’s followed S&P Global and Fitch in spelling bad news for Africa’s second biggest economy, South Africa, now facing a slowdown in economic growth and rising debt…
Stanbic IBTC Holdings announces director’s resignation
The Board of Stanbic IBTC Holdings PLC on Friday announced the resignation of Mr Sim Tshabalala from the bank’s Board. This was announced in a statement by the board on…
Google Inc Acquire Fitbit For $2.1billion
Google reached a deal to buy wearable fitness products company (Fitbit Inc.) for roughly $2.1 billion, a move that intensifies the battle among technology giants to capture…
14 companies bid for OML 119 redevelopment financing
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has publicly opened bids from 14 companies for the financing and redevelopment of…
Glo reclaims position as Nigeria’s 2nd largest telecom operator
Telecommunications giant, Globacom, has reclaimed its position as the second largest telecommunications operator with 2 million new subscribers added to the network in…
Boko Haram, ‘Yahoo Yahoo’ will stop if borders remain closed for two years – Emefiele
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says Nigeria’s security problems will cease to exist if the land borders are closed for two years. Emefiele…
Med-View airline to resume operations in November
Michael Ajigbotoso, the chief operating officer of Med-View Airline, says the airline would resume flight operations in November. NAN reports that Ajogbotoso told journalists in Lagos…
Dangote Refinery Rules Out 2020, As Refinery Gets New Date
Dangote Group has announced that its refinery would be commissioned by the end of first half in 2021. The Group Executive Director, Dangote Group, Devakumar Edwin,…
France’s LVMH wants to buy jeweler Tiffany for $14.5 billion
French luxury group LVMH has offered to buy Tiffany & Co. for $14.5 billion in cash, sending shares in the New York jewelers soaring. The purchase would add…
Ghana plans to ban rice, poultry imports
Rice importers would be ordered to cease their trade in three years if everything goes as planned, Ghana’s Agriculture Minister, Dr. Owusu Afriyie-Akoto, has said. The same…
AMCON’s debt to be N6.6tr by 2024
A LEGAL consultant and Senior Partner, Olaniwun Ajayi -LP, Muyiwa Balogun has said the Asset Management Corporation of Nigeria (AMCON) debt could rise to N6.6 trillion by 2024…
CBN spends N113.56b to print naira in two years
THE Central Bank of Nigeria (CBN) spent N113.56 billion to print naira in two years, a report has said. The report from the Currency Operations Department of the…
Warri Port comes alive as NPA generates $45.2 million
Fresh hope of increased activities has risen for the troubled Delta Port situated in Delta State as the Nigerian Ports Authority (NPA) recorded over $45.2 million income from…
28 million bank customers have no credit history – CBN
The Central Bank of Nigeria (CBN) has said that 28 million bank customers have never received loans from their banks. Deputy Governor, Financial System Stability…