Local Bitcoin Investor Buys The Dip By Purchasing 660 BTC For $25M February 3, 2022 akintunde Major Bitcoin investor MicroStrategy has announced another major purchase during a market dip to collect a total of 125,051 BTC as of Monday. According to an official form with the…
Local Federal Government stakes N52.7 billion to clear petrol bridging debt February 3, 2022 akintunde To sustain the supply of PMS in the country, the Nigerian Midstream and Downstream Petroleum Regulatory Authority have stated that it has paid over N22 billion as part of the…
Business Technology World Tesla To Recall Over 817,000 Vehicles In US Due To Seat Beat Alert February 3, 2022 akintunde Tesla Inc (TSLA.O) is recalling more than 817,000 vehicles in the United States because an audible alert may not activate when a vehicle starts and the driver has not buckled…
Business Local Market Dangote Peugeot Automobile Begins Operation In Nigeria February 3, 2022 akintunde Dangote Peugeot Automobiles Nigeria Limited (DPAN) has started assembling vehicles in Nigeria, beginning with the Land Trek, 3008, 5008 and the new 508. The assembly of Peugeot vehicles comes nearly…
Banking Business Investing Local Nigeria: Otedola Nominates Three Directors For First Bank Board February 3, 2022 akintunde Billionaire Femi Otedola has made new nomination into First Bank barely two months after he became the single largest shareholder of the oldest commercial bank in the country. The magazine…
Local Fire Engulfed Shebah Exploration & Production Offshore Facilities February 3, 2022 akintunde The management of Shebah Exploration & Production Company Ltd (SEPCOL) has announced a fire incident, which engulfed the oil and gas company’s offshore facility in the Niger Delta. A statement…
Local Alleged N11.79b Scam: Court Renews Order To Banks To Submit Ajetunmobi Account Details February 3, 2022 akintunde A Lagos High Court sitting at Osborne on Wednesday renewed its order to all banks to furnish it with the account details of Imagine Global Holding Company Limited and its…
Local Saudi Arabia increases market access for Nigerians with startup passport February 3, 2022 akintunde Nigeria’s startup ecosystem is expected to benefit immensely from the newly unveiled Startup Passport Initiative by Saudi Arabian-based multinational organisations. The Startup Passport makes it quicker and less expensive for…
Local Sugar sector attracts N250 billion investments in five years, says NSDC February 3, 2022 akintunde The Executive Secretary of the National Sugar Development Council Zacch Adedeji has revealed that the sugar sector attracted over N250 billion in investments in the past five years. He further…
Local CILT partners Dangote to improve Nigeria’s supply chain standards February 3, 2022 akintunde The Chartered Institute of Logistics and Transport in partnership with Dangote Group has resolved to strengthen the supply chain industry in the country to meet international standards. The CILT National…
Business Local World Moody’s To Acquire Majority Stake In GCR Ratings February 3, 2022 akintunde Moody’s Corporation yesterday, announced that it has agreed to acquire a majority (51%) stake in Global Credit Rating Company Limited (GCR). GCR is a leading credit rating agency in Africa…
Africa Local Nigerians Access To African Insurance Market Shrinks By Two Per Cent In 2020 February 3, 2022 akintunde There are indications in the African insurance market that the access rate has dropped from 2.78 per cent in 2019 to two per cent in 2020. This as the global…
Crypto World Regulators To Check Global Cryptocurrency Operations February 3, 2022 akintunde Regulators across the globe are getting more serious about crypto this year, as concerns grow about the environmental impact of crypto-mining and the use of digital assets for illicit activities.…
Investing Local FIRS To Tax Profits From Investments In Bonds, Securities February 3, 2022 akintunde The Federal Inland Revenue Service (FIRS) has announced that it would tax profits accruing from investments in bonds and short-term government securities by companies which would now be categorised as…
Local Market Coinoil And Three Others Grew Their Revenue By 49.96 Per Cent February 3, 2022 akintunde Four of the major oil marketing companies in Nigeria saw their combined revenue surged by 46.96 per cent last year as fuel demand recovers from the impact of the COVID-19…
Business Technology World Facebook Share Tumbles By 20 Per Cent February 3, 2022 akintunde Meta has reported disappointing earnings, offered weak guidance, and said user growth has stagnated, which led Facebook shares to fall by more than 20% in extended trading on Wednesday. Meta…
Local Nigeria Targets N141.250bn From Sugar Tax On Soft Drinks, Others February 2, 2022 akintunde With the takeoff of its sugar tax that has seen the rise in prices of some soft drinks, the FG is set to earn billions of naira to support the…
Business Technology World Alphabets Approves Plan For 20-For-1 Stock Split February 2, 2022 akintunde As part of the tech company’s quarterly earnings statement on Tuesday, Alphabet’s (parent company of Google) board approved plans for a 20-for-1 stock split. Following the news, the stock of…
Crypto World Over $1.19 Billion Worth Of Ether Was Burned In January February 2, 2022 akintunde Data from Ultrasound Money reveals that over $1.19 billion worth of Ether (ETH) was burned in the month of January 2022, a record burn rate since the introduction of the…
Local MAN Wants Implementation Of E-Valuation, E-Invoicing Suspended February 2, 2022 akintunde The Manufacturers Association of Nigeria has expressed concerns over the CBN guidelines on e-Valuation and e-Invoicing. The Association asked the apex bank to suspend the policy for now and give…
Business Local Airtel Africa appoints Emeka Oparah as vice-president, corporate communications February 2, 2022 akintunde Airtel Africa Plc has appointed Emeka Oparah, a communications professional, as vice-president, corporate communications. Airtel disclosed this in a statement issued on Tuesday. According to the statement, Oparah will manage…
Local Cititrust Holdings to list on NGX this year February 2, 2022 akintunde Cititrust Holdings Plc, a pan-African financial and investment conglomerate, says it will transform into a publicly owned company by listing on the Nigerian Exchange Limited (NGX) by the end of…
Local Senate considers bill seeking to establish Solid Minerals Development Bank February 2, 2022 akintunde A bill seeking to establish the Solid Minerals Development Bank has passed the second reading at the senate. The bill was passed after Yakubu Oseni, senator representing Kogi central and…
Local FG’s multi-tranche $4bn Eurobonds listed on NGX February 2, 2022 akintunde Nigerian Exchange Limited says the Federal Government of Nigeria has listed $4 billion Eurobonds on its platform. The Nigerian Exchange Limited (NGX) disclosed this on Monday on its official Twitter…
Local Oil revenue plunges as Nigeria misses January OPEC quota February 2, 2022 akintunde Nigeria missed its crude oil output target for January 2022, pumping 1.46 million barrels per day against a target of 1.683 million BPD as approved by the Organisation of Petroleum…
Local Emefiele inaugurates N15bn rice processing factory in Kano February 2, 2022 akintunde CBN Governor Godwin Emefiele inaugurated a rice milling factory in Kano State, with a capacity of 420 metric tonnes per day. The factory was established by a Kano businessman and…
Local Petrol Subsidy: FG, marketers engage over N3trn payment February 2, 2022 akintunde THE Federal Government has engaged with the Major Oil Marketers Association of Nigeria over the N3 trillion subsidy payment. Chairman of MOMAN, Olumide Adeosun, who confirmed this in Lagos, yesterday,…
Local FG earns N1tr from privatisation, amid calls for transparency February 2, 2022 akintunde Nigeria has earned at least N1 trillion as proceeds of privatisation and commercialisation of government-owned enterprises under the National Council on Privatisation. Vice President Yemi Osinbajo disclosed this at the…
Local Stakeholders fear border closure may cripple economy February 2, 2022 akintunde Stakeholders in the maritime industry said the continuous closure of the land borders is affecting the ease of doing business in the country. Due to this closure, many enterprises have…
Market World European Markets Climb Amid Global Gains February 2, 2022 akintunde European stocks moved higher on Wednesday amid positive momentum in global markets. The pan-European Stoxx 600 added 0.6% in early trade, with tech stocks climbing 1.3% to lead gains as…
