The Chief Executive Officer of Tesla, Elon Musk, has offered to buy micro-blogging and new media platform, Twitter, for $43 billion. Musk made known the offer in a filing with the U.S. Securities and Exchange Commission on Thursday. The billionaire will offer 54.20 per share in cash, representing a 54% premium over the January 28 […]
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Twitter’s stock soared by more than 25 per cent in pre-market trade on Wall Street Monday, after Tesla owner p Elon Musk took a major stake in the social media company. According to a document filed with the US Securities and Exchange Commission, Musk acquired nearly 73.5 million Twitter shares — a 9.2 per cent […]
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The Competition and Consumer Protection (CCP) Tribunal sitting in Abuja, has restrained MultiChoice Nigeria Limited from increasing its tariffs and cost of products and services scheduled to begin on April 1. The three-member tribunal, which was presided over by Thomas Okosun, gave the order following an ex-parte motion moved by Festus Onifade, a legal practitioner, […]
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Abuja Electricity Distribution Company Plc (AEDC) has announced the appointment of Mr Adeoye Fadeyibi as its new Managing Director/Chief Executive Officer. Fadeyibi, a turn-around manager with over 20 years executive management experience, succeeds Engr. Akinwumi Bada, who served as the company’s Interim Managing Director since last year and is now leaving to pursue other personal business […]
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Group secures consistent gas supply channels and increased generation capacity Hotel Business on Track as hospitality sector fully recovered from Covid 19 impact Transnational Corporation of Nigeria (Transcorp) Plc, Nigeria’s largest, leading listed conglomerate with investments in Hospitality, Power, and Oil and Gas sectors, has reported significant performance, across all its major investment lines, for […]
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The Federal Competition and Consumer Protection Commission (FCCPC) has lamented the hardship level on consumers via the economic crisis bedeviling the nation, saying “things have not been easy for Nigerians.” The FCCPC Executive Vice Chairman (EVC), Babatunde Irukera, who stated this during an interactive session with journalists in Abuja, on Tuesday, said the first quarter […]
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Guaranty Trust Holding Company Plc (GTCO Plc), is set to continue its long-running showpiece event– The Food and Drink Festival. For the 5th Edition, this headlining event will hold from Sunday, May 1 to Tuesday, May 03, 2022, at the GTCentre, Plot 1 Water Corporation Drive, Oniru, Lagos. The GTCO Food and drink festival brings […]
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Nigeria’s Senate, on Wednesday, confirmed the nominations of seven members of the Monetary Policy Committee of the Central Bank of Nigeria (CBN). It could be understood that the confirmation of the nominees followed the consideration of a report by the Committee on Banking, Insurance and Other Financial Institutions. The report was laid and presented by […]
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Nigeria’s Aviation Minister, Hadi Sirika, has urged President Muhammadu Buhari to direct the Central Bank of Nigeria to provide foreign exchange for the importation of Jet A1 fuel. The country’s aviation sector is facing a severe crisis, which almost led to the shutdown of operations. Airline operators increased air tickets by 100 percent to N50,000 […]
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Leading Pan-African Payments Company Cellulant and Africa’s global bank, United Bank for Africa (UBA) Plc, have announced a partnership that will extend payment services for merchants and consumers across 19 key African countries in which UBA operates. These countries include Nigeria, Ghana, Kenya, Côte d’Ivoire, Zambia, Tanzania, Uganda, Republic of Benin, Burkina Faso, Cameroon, Chad, Congo, […]
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