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