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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…
Nigeria’s October Manufacturing PMI Expands To 58.2 Points
The Manufacturing PMI in the month of October stood at 58.2 index points, indicating expansion in the manufacturing sector for the thirty-first consecutive month. The…
2 million jobs coming as CBN plans N100b textile funding
ABOUT two million jobs are to be created in the textile industry with the expected injection of massive cash to revive the comatose sector Mr. Godwin Emefiele, the CBN governor, said…
Chevron Quitting Nigeria To Focus On Shale Back Home
Chevron is divesting itself from oil fields in Nigeria for the shale fields in New Mexico and Texas. Sources told Reuters that it has started discussing with buyers to sell some of its…
Amazon set to challenge loss of $10 billion Pentagon JEDI cloud computing contract
If Amazon.com decides to fight the Pentagon’s decision to award a highly contested $10 billion cloud computing contract to Microsoft, it could act as early as next…
Abiodun inaugurates N43b carton factory
Ogun State Governor, Prince Dapo Abiodun, on Monday inaugurated Jaro Industries’ N43billion corrugated carton factory at OPIC’s New Makun Industrial City on the Lagos Ibadan…
Like P&ID, like Accugas? Nigeria in trouble over another sloppy gas deal
While Nigeria is still struggling to untie the legal knots around the controversial P&ID gas and supply processing agreement (GSPA), another sloppy deal has boxed the…
Oando Posts N13bn Q3 Profit
Oando Plc has announced its unaudited results for the third quarter ended September 2019, which showed that its profit after tax increased by 26 per cent to N13.1 billion, up from the N10.4 billion recorded in same…
Border Closure is Creating Jobs, Boosting Local Demand – Emefiele
Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, yesterday listed the gains of border closure since August to include boosting domestic trade, job creation and enhancing Nigeria’s economic…
Foreign Airlines Reap $700m from Ticket Sales in Eight Months
Following the improvement in the Nigerian economy after the recession that hit the country, foreign airlines operating in the country sold tickets worth $700 million as at the end of August 2019, according to…
Dangote Establishes N3bn Tomato Processing Factory in Kano
Dangote Tomatoes Processing Plant has established a N3 billion Green House nursery in Kano, designed to process over 300 to 350 million tons of hybrid tomato seedlings expected to make Nigeria self-sufficient in…
GTBank removes all Bank Charges for Young Undergraduates on its GTCRea8 Account Product
If you are an undergraduate, between the ages of 16-25, then you can now bank for free with Guaranty Trust Bank (GTBank). The leading, youth-focused, financial institution has…
Niger, Benin others must engage Nigeria before border reopens – Emefiele insists
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Monday insisted that neighbouring countries must engage with Nigeria before the Nigerian border is reopened. The…