Billionaire Elon Musk has made a move to end his $44 billion deal to buy Twitter. This is according to a letter sent by a lawyer on Musk’s behalf to Twitter’s Chief Legal Officer on Friday. In the letter, disclosed in a Securities and Exchange Commission filing, Skadden Arps attorney, Mike Ringler, said Tesla’s Chief Executive Officer […]
Business
Dangote to create 25 millionaires monthly
According to Dangote Cement Plc, thanks to its N1 billion promotion called “Spell Dangote and become a multi-millionaire,” at least 25 millionaires will be created each month. The promo, which was announced in Lagos on Tuesday in the presence of officials from the Federal Competition and Consumer Protection Commission and the National Lottery Regulatory Commission, […]
Experts Says UBA’s $500m Eurobond Redemption Will Magnify Investors’ Confidence
Finance and investment experts have commended the United Bank for Africa (UBA) Plc for the prompt redemption of its $500 million 5-yr Eurobond notes. They additionally expressed optimism that the move would boost investors’ confidence in Africa’s Global Bank. These views were expressed by Mr. George Akindero, an Investment Analyst, and Mrs. Bridget George, a […]
Netflix CEO/Founder Joins Russia’s American Blacklist
Russia has listed an additional 61 names to its list of blacklisted Americans in retaliation for the country’s economic/financial sanctions over the invasion of Ukraine. The up to date listing published on Monday, June 6, 2022, with the aid of Russia’s Ministry of Foreign Affairs spots Netflix’s co-CEO, Reed Hastings. The Executive joins over a […]
Insecurity threatens $600m steel plant construction in Kaduna
The Head of Mining, African Natural Resources and Mines, Partha Ghosh, has disclosed that the firm is battling insecurity in the construction of its $600m steel plant in Gujeni village, Kagarko Local Government Area of Kaduna State. He made this disclosure while addressing the press during a three-day Nigeria-Africa Natural Resources and Energy Investment Summit […]
NCC confirms licensing of Elon Musk’s internet service, Starlink in Nigeria
The Nigerian Communications Commission (NCC) has reportedly confirmed the licensing of Starlink, Elon Musk’s satellite internet service in Nigeria. Recently, the Tesla CEO announced on Twitter that the approval for Starlink’s operations has been approved in Nigeria and Mozambique. According to Nairametrics, the NCC while confirming the development said “The company received two licenses, which include […]
Titan Trust Bank completes takeover of Union Bank
Union Bank Plc on Thursday said it had completed its core investors’ sale of a majority shareholding to Titan Trust Bank Ltd., a subsidiary of TGI Group. In a statement signed by Somuyiwa Sonubi, the bank’s company Secretary, made available to the Nigerian Exchange Ltd., in Lagos, the bank said there was a board change that […]
JUST IN: Wealth of Mark Zuckerberg, Elon Musk Declines
JUST IN: Wealth of Mark Zuckerberg, Elon Musk Declines The founder of Facebook, Mark Zuckerberg, has lost -0.74% of his net worth on Tuesday after Meta Platform, formerly known as Facebook Inc., slumped in value after trading hours in the capital market. RIPPLES NIGERIA reports that Zuckerberg lost N215.48 billion ($519 million) in one day. […]
The Coca-Cola Foundation awards grant to GBF to launch Empowering Collector Initiative (ECI) to create sustainable and viable plastic waste ecosystem in Nigeria
The Coca-Cola Foundation has awarded a grant to Growing Businesses Foundation (GBF) targeted at strengthening the plastic waste management value chain through its Empowering Collector Initiative, a program designed to improve the largely informal plastic waste collection, aggregation and recycling process in Nigeria. #FeatureByCoca-ColaFoundation – The program which will run for about 24 months will seek […]
Zenith Bank branches sealed as customers lament app shut-down
The court had directed Zenith Bank to settle entitlements, totalling N1.9 billion Police officers on Thursday, May 02, 2022, morning sealed Zenith Bank branches in Owerri, Imo State, over a litigation involving a former Deputy-Governor of Imo state, Eze Madumere. According to reports, the development left staff and customers of the bank stranded. A Garnishee Order […]