Tesla’s Musk Says He Will Pay Over $11 Bln In Taxes This Year
Electric-car maker Tesla Chief Executive Officer Elon Musk said on Sunday on Twitter that he will pay more than $11…
Year: 2021
Facebook Pays Fines To Russia Over Banned Content
Facebook has paid 17 million roubles ($229,643) in fines owed in Russia for failing to delete content Moscow deems illegal.…
Togo, Benin, Niger Paid Nothing For Nigeria’s Power Supply, Says NERC
The Nigerian Electricity Regulatory Commission has said the Republic of Benin, Niger Republic and Togo made no payment for the…
Nigeria’s External Reserves Fall By $440m In Two Weeks
The nation’s external reserves fell by $440m in two weeks from $41.15bn at the start of this month, figures obtained…
CBN Approves Appointment Of Ahmad Abdullahi As FBNH Chairman
The Central Bank of Nigeria (CBN) has approved the appointment of Ahmad Abdullahi as non-executive director and chairman of First…
FBN Holdings Notifies NGX, Investors Of Remi Babalola’s Resignation
FBN Holdings Plc has officially notified the Nigerian Exchange Ltd and the investing public of the resignation of Remi Babalola,…
Naira Slides Ahead Of Yuletide, Exchange For 570/Dollar
The naira continued its downward trend as the dollar was sold for N570 in the parallel market on Tuesday. Some…
UK Shares Head For Weekly Loss On Omicron Concerns, Inflation Risks
UK’s FTSE 100 slipped on Friday and was on course for a weekly loss, as concerns surrounding the fast-spreading Omicron…
S&P Dumps Chinese Property Giant Evergrande Into Default
The poster child of China’s property crisis China Evergrande Group was officially declared in default by credit rating agency S&P…
Paxful Launch Gift Card Hub
Paxful has launched a gift card hub as a one-stop shop for trading gift cards on its platform. According to…
Fintech Firm Unveils Budgeting Solution
Fintrak Limited, an indigenous software development and financial technology firm, has launched a budgeting solution, called ‘FinTrak Budget Planning &…
World Bank Rolls Out N329.53bn Cash Transfer Programme
The World Bank is rolling out an $800m (N329.53bn at official exchange rate) facility designed to fund a large-scale Conditional…
Access Bank’s Shareholders Approve Proposed Holdco Structure
Shareholders of Access Bank Plc have given the nod for the bank to proceed with its proposed restructuring into a…
FG To Stop Customs From Revenue Collection
The Federal Government has proposed a legislative framework that would stop the Nigerian Customs Service (NCS) from revenue collection, saying…
We’ve Uncovered Fresh $72.8m Linked To Diezani – EFCC
The Economic and Financial Crimes Commission (EFCC) says it has discovered a fresh sum of $72.87 million allegedly linked to…
Uber looking to sell Didi, China market has little transparency, CEO says
Uber Technologies Inc (UBER.N) is looking to sell stakes in non-strategic assets, including its stake in Didi Global Inc, based…
Bank Of England Raises Interest Rate To 0.25%
The Bank of England raised its main interest rate to 0.25% on Thursday as inflation pressures mounted in Britain. Most…
Jack Dorsey Appoints Three Nigerians And A South African To Head Bitcoin Trust Fund Board
Twitter founder, Jack Dorsey, has appointed three Nigerians and one South African to act as the board of his Bitcoin…
FG Approves €62m To Procure Transformers For Siemens Power Project
The federal executive council (FEC) has approved $1.9 million and €62.9 million for phase one of the presidential power initiative…
Reps approve fresh $5.8bn loan, $10m grant for FG
On Tuesday, the House of Representatives approved external borrowings amounting to $5,803,364,553.50 and a grant of $10,000,000 for the Federal…
World Bank announces $93bn package for Nigeria, 73 others
On Wednesday The World Bank announced a $93bn replenishment package of the International Development Association to help 74 low-income countries…
Africa should be exempted from zero-carbon emissions target’
PUTTRU Technologies Limited has said Nigeria and other African countries should be exempted from the net-zero carbon emissions target of…
FG generated N86bn from TSA in 10 months – Minister
The Honorable minister of Minister of Finance, Budget and National Planning Her excellency Zainab Ahmed, has said the Federal Government…
Senate okays Buhari’s request on fresh $5.8bn borrowing
On Wednesday the senate approved a loan request of $5.8bn and a grant of $10m under the 2018-2020 External Borrowing…
FEC Okays Startup Bill ‘To Provide Enabling Environment’ For Entrepreneurs
The federal executive council (FEC) has approved the Nigeria startup bill to provide a conducive environment for entrepreneurs. Isa Pantami,…
Reddit Confidentially Files With U.S. Securities And Exchange Commission To Go Public
Social media platform Reddit said on Wednesday it had confidentially filed for a proposed initial public offering (IPO) with the…
Lack Of Seamless Access To Forex May Delay 5G Rollout
The Chairman, ALTON, Gbenga Adebayo, had disclosed at the NCC’s 2021 board and management retreat in November that one of…
Netflix Slash Prices Of It’s Streaming Services In India
Netflix slashed on Tuesday the prices of its streaming services in India, for the first time since launching five years…
NBS Says Inflation Dropped Despite Increase In Prices
The inflation rate in Nigeria fell in November to 15.40 per cent (year-on-year), the lowest since December last year, according…
MTN Shares: Shareholders Call For Extension
Shareholder groups of MTN Nigeria have called on the management of the company and the Securities and Exchange Commission (SEC)…