Aviation Fuel Price Rises By 70%, International Airlines May Raise Fares
The International Air Transport Association has said the price of jet fuel has continued to increase in recent weeks, with…
Day: November 10, 2021
Naira Gains 3.6% To Trade N540/$1 At Parallel Market
The Nigerian naira has appreciated by 3.6% to N540/$1 at the parallel market — almost four months after the Central…
Senate Approves Buhari’s $16 Billion, €1 Billion Loan Requests
The upper legislative chamber also approved grant components of $125 million. The president had requested the facilities in an addendum…
Rolls Royce Launches New Brand Amid Market Enthusiasm
Rolls-Royce Motor Cars Lagos has announced the debut of the latest brand under its Black Badge model, Ghost, amid enthusiasm…
Billionaire Aliko Dangote’s Net Worth Rises To $19.2bn From $17.8bn In August
Africa’s richest man, Aliko Dangote, has significantly moved up in the Bloomberg Billionaires Index as his fortune increased to $19.2…
P&G Nigeria Gets New MD
Procter & Gamble has appointed Mokutima Ajileye as the Managing Director for the Nigeria market. According to a statement by…
General Electric Broken Into Three Companies
General Electric Co (GE) has announced the splitting of its conglomerate into three public companies, in an effort to simplify…
Johnson & Johnson Wins Reprieve Over $465M Opiod Judgment
The Oklahoma Supreme Court on Tuesday overturned a $465 million judgment against Johnson & Johnson in a lawsuit by the…
Asia Stocks Mixed; Shares Of Chinese Developer Fantasia Plunge In Return To Trade
Shares in Asia-Pacific were mixed on Wednesday as investors reacted to the release of Chinese inflation data for October. Hong…
UK Buy Now, Pay Later Start-Up Quadruples Valuation To $2 Billion, Plans U.S. Expansion
British start-up Zilch is riding the “buy now, pay later” wave to America. The London-based company said Wednesday it has…
DoorDash Stock Rockets On Deal To Acquire International Delivery Platform Wolt For $8.1 Billion
DoorDash announced Tuesday it’s acquiring Wolt, a food delivery platform that’s expanded into groceries and retail, in an all-stock transaction valued at…
Twitter Expands Subscription Service To U.S., New Zealand
Twitter Blue subscribers can read articles from publications like the Washington Post, USA Today and Reuters without ads. A portion…
Facebook Gives Estimate Of Bullying, Harassment On Its Platforms For First Time
Facebook for the first time on Tuesday disclosed the prevalence of bullying and harassment on its platform, saying such content…
Cititrust Holdings Sells 100% Stake In Nigerian Subsidiary
Cititrust Holdings Plc has announced its strategic decision to divest its 100 per cent holdings in Cititrust Financial Services Plc…
Tesla Drops 12% For Biggest Fall This Year After Musk Stock Sale Proposal
Tesla stock closed down 11.99% on Tuesday, extending losses for a second day, after CEO Elon Musk over the weekend proposed…
Visa, Kuda Partner To Issue Physical, Virtual Cards
Kuda Technologies says it has partnered Visa, a leading global digital payment company, to offer digital and physical Visa cards…
Rivian Prices IPO At $78 A Share, Valuing Electric Vehicle Company At $66.5 Billion
Rivian Automotive, the electric vehicle maker backed by Amazon and Ford, priced its IPO on Tuesday at $78 a share. The deal values Rivian…
Facebook Plans To Remove Thousands Of Sensitive Ad-Targeting Options
Facebook said on Tuesday it plans to remove detailed ad-targeting options that refer to “sensitive” topics, such as ads based…
TSMC, Sony To Invest $7 Billion For New Japanese Chip Plant
Taiwan Semiconductor Manufacturing Co (TSMC) said on Tuesday it would build a $7 billion chip plant in Japan with Sony Group,…
Revenue Formula: FG Proposes 3.13% Increase To LGAs
As the debate for the review of revenue allocation amongst the three tiers of government gain traction, the federal government…
Senate Passes Electoral Act Amendment Bill, Approves Electronic Transmission, Direct Primary
The Senate on Tuesday approved the conference committee report on the Electoral Act Amendment Bill. The report was approved after…