FG’s Marginal Oil-Field Awards: 33 Successful Bidders Lose
Govt rakes in N174bn as other awardees make full, part payments A total of 128 awardees that emerged as successful…
Day: January 28, 2022
Chevron Report Fourth Quarter Profit
Chevron Corp on Friday reported a fourth quarter profit, which missed estimates by analysts on weaker than expected oil and…
FEC Receives NNPC 2022 Petrol Subsidy Bill
The federal executive council (FEC) says it has received a bill of N3 trillion from the Nigerian National Petroleum Corporation…
Europe’s Tech Stocks Set For Biggest Monthly Drop In More Than 13 Years
European technology stocks fell on Friday and was on track for its biggest monthly drop since the 2008 global financial…
Vantage provides mezzanine funding for real estate development
The mezzanine fund manager announced today that it has arranged R430 million of mezzanine funding for the development of Seaton…
Reps Ask CBN To Suspend E-Invoice Policy Implementation
The house of representatives has asked the CBN to suspend the implementation of the recently launched electronic invoice for all…
WACOT to complete rice mill expansion project in 15 months
WACOT Rice Nigeria Ltd has disclosed its ongoing expansion to double its 120,000-tonne rice mill in Kebbi State within the…
How To Report Financial Institution -CBN
The Central Bank of Nigeria(CBN) has issued a guide on how aggrieved customers can complain about financial institutions such as…
AutoStore and Ocado ‘robot war’ spills into Germany
Norwegian warehouse robot maker AutoStore sparred on Friday over legal proceedings in Germany in their latest patent dispute. In a…
China issues draft rules for fakes in cyberspace
China’s cyberspace regulator issued draft rules for content providers that alter facial and voice data. This latest measure was put…
CBN Urges Cement Manufactures To Slash Prices
The Central Bank of Nigeria has appealed to cement manufacturers to consider reducing the high cost of cement. The CBN…
Europe kept waiting as Intel commits to new U.S. chip factories
Intel still intends to develop the European chip manufacturing capacity with two new U.S. semiconductor plants. The company said in…
No Dollar Spent On Cement Import In Seven Years —CBN Governor Emefiele
The CBN Governor Mr Godwin Emefiele has said Nigeria has not spent dollars to import cement in the last seven…
Champion Breweries files shares take-over offer by Raysun Nigeria Limited
Champion Breweries has filed a notice of take-over offer by Raysun Nigeria Limited for over 1 billion units of the…
Federal Government Inaugurate Nigerian Postal Service Debit Card
The Federal Government has inaugurated the Nigerian Postal Service debit card, an agency banking platform, and 27 courier service vehicles.…
Nigeria: FIRS Achieved It’s Target For 2021
The Federal Inland Revenue Service (FIRS) has announced that it achieved a 100% revenue target for 2021 despite issues brought…
Elon Musk’s Net Worth Dropped By $25.1 Billion
A massive sell-off of Tesla shares slashed Elon Musk’s net worth by $25.1 billion, one of the biggest declines ever…
Nigeria Stock Market Capitalization Decreases By N280.62 Billion
The NGX closed on a negative note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) depreciated by 112…
China Securities And Regulatory Commission Is In Talks With Foreign Bank To Soothe Economic Concerns
The China Securities and Regulatory Commission (CSRC) met this week with the executives of top western banks and asset managers…
Google To Invest $1 Billion In Airtel
Alphabet Inc’s Google will invest up to $1 billion in Bharti Airtel in a move that could help bolster the…