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Business
Abuja Queues Persist Despite NNPC Supply Of 1.523bn Litres In Three Weeks
According to latest reports, the Nigerian National Petroleum Company (NNPC) evacuated 1.523 billion litres of Premium Motor Spirit (PMS) between May 16 and June 5 in order to ensure constant supply of fuel.
However, despite…
71% Of Global Workforce To Resign In 12 Months – PwC Reveals
PricewaterhouseCoopers (PwC), a global financial and management advisory organisation has said about 71 percent of the global workforce will resign in the next 12 months if employers fail to increase their pay.
This was revealed in …
Global Stock Market Recovers From Wobbly Start To Finish Higher
Stocks on Wall Street overcame a shaky start to close broadly higher Thursday. The major indexes more than made up for their losses earlier in the holiday-shortened week.
The S&P 500 rose 1.8%, with more than 85% of the stocks in…
Union Bank Directors Resign As Titan Trust Completes Acquisition Process
Union Bank Plc has announced the completion of the acquisition process of a majority shareholding to Titan Trust Bank.
According to a statement released on Thursday, June 2, the bank informed the Nigerian Exchange Group of the…
Despite Diesel, Forex Scarcity, Nigerian Companies Announce Record Profits in Q1
As inflation continues to bite, some of the biggest Nigerian companies listed on the Nigerian Stock Exchange are reaping unprecedented profits.
According to a Nairametrics report, the COMART Group, which consists of bluechip Nigerian…
Elon Musk Says Twitter Takeover Deal ‘Temporarily On Hold’
Elon Musk has said his deal to buy Twitter is ‘temporarily on hold’ until he gets more information on the number of fake and spam accounts on the platform.
Recall that the billionaire Tesla owner agreed a £34.5 billion ($44 billion) deal…
Elon Musk Secures $7.1bn To Finance Twitter Deal
Elon Musk has raised $7.1 billion for his Twitter acquisition from investors that include Oracle founder, Larry Ellison and Saudi Prince Alwaleed bin Talal, according to a securities filing on Thursday.
Musk, chief executive of Tesla and…
Breaking: Elon Musk Buys Twitter For $44 Billion
Tesla CEO, Elon Musk has bought micro blogging platform Twitter, after a Sunday meeting with representatives of both companies that lasted into the early hours of Monday morning.
According to Forbes, Twitter's board of directors…
Elon Musk Offers To Buy 100% Of Twitter
Tesla chief, Elon Musk has launched a takeover bid for Twitter, offering to buy 100 percent of its stock and take it private, according to a stock exchange filing.
The billionaire offered to buy Twitter for about $41 billion in cash,…
Elon Musk Joins Twitter’s Board Of Director After Acquiring 9.2% Stake
Elon Musk, the billionaire founder of Tesla Inc., has been appointed as one of the board of directors of Twitter.
The development is coming a day after Musk acquired a 9.2 percent stake in the company.
Parag Agrawal, the chief…
Rolls-Royce Records Highest-Ever Sales In 2021 Than In Its 117-Year History As COVID-19 Made The…
Every dark cloud, even the outbreak of COVID-19 pandemic, has a silver lining as report have emerged that luxury vehicle maker, Rolls-Royce sold more cars in 2021 than it did during any other year in its 117-year history.
As global…
Apple Becomes First US Company To Reach $3trn Valuation
Apple has become the first company to reach a market capitalization of $3 trillion, raising $1 trillion in less than 16 months as the coronavirus pandemic turbocharged big techs.
The tech giant surpassed the $182.86 mark on Monday,…
Justin Bieber Ventures Into Cannabis Business To Address Stigmatisation Of Use
Canadian singer-songwriter, Justin Bieber, has launched a joint venture with Palms, a US-based company, to sell pre-rolled cannabis.
The initiative titled ‘Peaches’ is named after Bieber’s hit song released in March.
Bieber had…
Shell Appoints Elohor Aiboni First Female MD For Exploration Company, SNEPCO
Global energy firm, Shell, has announced the appointment of Mrs. Elohor Aiboni as the Managing Director of its Nigeria deep-water business, Shell Nigeria Exploration and Production Company Limited (SNEPCO).
Media Relations Manager,…
Nigeria Is Number One Importer In Africa – WTO
World Trade Organization (WTO) has said Nigeria is the number one importer of commercial services in Africa.
This is contained in WTO’s data on the ‘Leading Exporters and Importers of Commercial services excluding intra-EU Trade 2020’,…