Europe Gas Pipeline Group “Snam” Acquire 25% Stake In East Mediterranean Gas Company
Europe’s biggest gas pipeline group Snam said on Thursday it had completed the acquisition of a 25% stake in East…
Year: 2021
Airtel Nigeria Completes 8.22 Percent Shares Buyback
AIRTEL Nigeria, a subsidiary of Airtel Africa Plc, has completed the 8.22 percent shares buyback from its minority shareholders, amounting…
CBN Automates Forex Forms For BTA, Tuition Fee
Nigerian banks have informed their customers regarding the automation of Forms A and NCX for invisible and non-commercial exports transactions.…
NCC: Three Telecoms Companies Qualified For 5G Deployment
The Nigerian Communications Commission has announced that three telecoms companies have qualified as approved bidders of the forthcoming 3.5 gigahertz…
South Africa President Urge Nigeria Banks To Set Up Branch In South Africa
President of South Africa, Cyril Ramaphosa has urged Nigerian banks to set up branches in South Africa as the country…
Ondo State Governor To Inaugurate Cocoa Factory
An agro-allied company, Johnvent Industries Nigeria Limited, has said it has invested N3bn to boost cocoa business in Ondo State…
External Reserves Lost $610m A Month
The nation’s external reserves fell by $610m last month, figures obtained from the Central Bank of Nigeria on Thursday revealed.…
U.S. Judge Dismiss Byron Allen $10 Billion Lawsuit Against McDonald’s
A U.S. judge has dismissed a $10 billion lawsuit against McDonald’s by the media entrepreneur Byron Allen, who accused the…
Exxon Mobile To Double Earnings And Cash Flow By 2027
Exxon Mobil on Wednesday outlined a corporate spending plan that it said will double earnings and cash flow by 2027…
Turkish Central Bank Says Sells Dollars, After Lira Plunge Low
The Turkish Central Bank said on Wednesday it was intervening in the foreign exchange market, selling dollars due to “unhealthy…
Sharing Of Personal Photos, Videos Without Consent Is Prohibited – Twitter
Twitter said on Tuesday it will not allow sharing of personal media such as photos and videos on its platform…
China To Ban Loophole Used By Tech Firms For Foreign IPOs
China is planning to ban companies from going public on foreign stock markets through variable interest entities, closing a loophole…
Alphabet Google To Ban Political Advertising On Its Platform
Alphabet Google said on Wednesday it will ban political advertising on its platform in the run-up to Philippine elections in…
No Plan To Exit The Nigeria Market- MTN
MTN Nigeria Communications Plc is set to raise at least N97.18bn from its public offer to retail investors. This came…
Price Of Crude Oil Is Predicted To Rise To $150 Per Barrel
J.P Morgan Analysts led by Christyan Malek have predicted a rise in the price of crude from its current 76…
Foreign Airlines Stops Local Travel Agencies And Firms From Selling Tickets Due To Dollar Shortage
As dollar shortage in the Nigerian economy continues to hit the air travel industry harder, foreign airlines flying into the…
MTN Nigeria Begin Sale Of Shares
MTN Group says it will sell up to 575 million shares held in MTN Nigeria at N169 per share to…
Nigerian Stock Exchange Starts On A Downward Move
The Nigerian stock market began the week on a negative note as banking and consumer goods stocks, among others, triggered…
US Mission Hail Burger King Expands To Nigeria
The US Mission in Nigeria has hailed the growing US-Nigeria commercial ties as Burger King expands to Nigeria. The US…
CIPM Unveils Body Of Knowledge, Competency Framework
The Chartered Institute of Personnel Management has unveiled its body of knowledge and competency framework. According to the CIPM, the…
China Seeks Better Cross-Border Control Of Big Data With New Plan
China’s Ministry of Industry and Information Technology (MIIT)called for improved cross-border security management of big data till 2025, in a…
Jos Electricity Laments N115bn Owed By Consumers
The Managing Director, Jos Electricity Distribution Plc, Engr. Hashim Ibrahim Bakori has said post-paid customers across the company’s franchise states…
Nigeria, Others Seal $42.1 Billion Trade Deals At IATF
Nigeria and other African countries sealed trade-related investment deals worth $42.1 billion at the recently concluded second Intra-African Trade Fair…
Nigeria To Benefit From $4.7tr Digital Service Export Market
The National Information and Technology Development Agency (NITDA) and Nigerian Export Promotion Council (NEPC) have forged an alliance that could…
NGX Reopens Negative As Capitalisation Slumps By N20 Billion
Transactions on the Nigerian Exchange Limited (NGX) reopened on a downward note yesterday, occasioned by losses in many blue-chip stocks,…
Data Suggest Forex Market Getting Out Of Shock
Notwithstanding the rattle by the newest variant of COVID-19, Omicron, which has raised fresh uncertainty, data and economists see near-term…
AfDB Postpones 2021 Africa Investment Forum Over Omicron COVID-19 Variant Concerns
The African Development Bank (AfDB) has postponed the 2021 Africa Investment Forum until further notice over rising global travel restrictions due to…
HashiCorp Aiming For $13 Billion Valuation In IPO, According To Updated Prospectus
Cloud software vendor HashiCorp updated its IPO prospectus on Monday, disclosing plans to sell shares at a price that would value the…
Hong Kong Falls Nearly 3% As Asia Stocks Fall Amid Renewed Uncertainty Over Omicron Covid Strain; Oil Drops 3%
Shares in Asia-Pacific mostly fell on Tuesday afternoon as investors in the region continued to track developments surrounding the omicron…
PIA: Natural Gas Price Rises By 50 Cents For Cement, Other Companies
The Domestic Base Price (DBP) of natural gas for heating has risen by half a dollar (50 cents) for cement,…