Elon Musk Continue With Sale Of Tesla Shares
Tesla Inc Chief Executive Elon Musk has sold another 934,091 shares of the electric vehicle maker worth $1.01 billion to meet his tax obligations related to the exercise of options…
SoftBank Shares Drop By 3 Per cent
Shares in Japanese conglomerate SoftBank Group Corp dropped over 3% on Friday after the giant tech investor was hit with three disappointments within 24 hours, including a poor Nasdaq debut…
Nigerian Mining Sector Get $2Bln Investment Pledge From UAE Investors
Investors from the United Arab Emirates have pledged $2bn worth of investments into the Nigerian mining sector as the aftermath of the Africa-UAE Trade and Investment forum. A statement from…
NCC Qualifies MTN, Airtel, New Firm For 5G Auction
Globacom and Emerging Markets Telecommunication Service Limited are set to miss out on the deployment of Fifth Generation network for at least two years as the Nigerian Communications Commission qualifies…
Effective Mechanisms To Insulate E-Naira From Hackers And Fraudsters Is In Place : CBN
The Central Bank of Nigeria (CBN), has assured that it has put in place effective mechanisms to insulate the e-Naira from hackers and fraudsters. The Director, Corporate Department, CBN, Mr…
Central Bank Of Nigeria Sold $867.68 Million Forex To SMEs
The Central Bank of Nigeria, CBN, has raised the volume of foreign exchange sales to the Small and Medium Enterprises (SMEs) category businesses by 31 percent in the first seven…
Transnational Corporation Of Nigeria Record N13.467 Billion Profit After Tax In Q3
Transnational Corporation of Nigeria (Transcorp Plc) has posted a N13.467 billion Profit After Tax (PAT) for third-quarter ended September 2021. The performance represents N11.721 billion growth, compared with N1.746 billion…
Qualcomm Introduce New Snapdragon G3x Microchip
Qualcomm introduced a new Snapdragon G3x microchip on Wednesday for handheld consoles in a sign of gaming’s rising importance for semiconductor companies. The announcement shows Qualcomm wants a piece of…
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 Mediterranean Gas Company, which owns a pipeline between Israel and…
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 to N61 billion. This amount is equivalent to $147 million,…
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. This is in adherence to the directive issued by the…
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 spectrum auction for the deployment of Fifth-generation networks in the…
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 signs more pacts with Nigeria on power, oil and gas,…
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 and Nigeria as a whole. The Group Managing Director of…
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. The reserves dropped to N$41.22bn as of November 29 from…
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 fast-food chain of racial discrimination for not advertising with Black-owned…
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 from 2019′s levels, while also reducing emissions. The plan comes…
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 price formations” after the lira plunged to a fresh record…
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 without the consent of the person. The social media company’s…
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 used by the country’s tech industry to raise capital from…
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 May next year to choose a successor to President Rodrigo…
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 as the company say it had no plan to exit…
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 dollars per barrel to 125 dollars in 2022 and may…
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 country have stopped local travel agencies and firms from selling…
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 retail investors. In a statement on Tuesday, Uto Ukpanah, the…
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 a N19.49bn loss. At the end of trading on the…
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 Mission Commercial Counselor, Jennifer Woods, welcomed the arrival of the…
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 focus for many business leaders is realigning and reskilling their…
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 five-year plan published on Tuesday. The plan, which builds off…
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 of Bauchi, Benue, Gombe, and Plateau were indebted to the…