Category: Business

Elon Musk buys Twitter for $44bn, Twitter on Monday confirmed it. That the  platform has been sold to billionaire entrepreneur Elon Musk in a deal valued at $44 billion. The…

FG Pledges Commitment to Complete Brass NLG, The Federal Government is seeking new investors to revive the stalled Brass Liquified Natural Gas (BLNG) project. Minister of State Petroleum Resources Timipre…

Fed Govt recovers N53.5b from N5.2tr MDAs’ debt, The Federal Government has recovered N53.5 billion out of N5.2 trillion from its Ministries, Departments and Agencies (MDAs). The Minister of Finance,…

CBN grants final PSB approval to MTN, The Central Bank of Nigeria has granted MTN Nigeria Communications Plc final approval to operate its Payment Service Bank. This is coming six…

The Central Bank of Nigeria (CBN) has cut interest rates on all intervention facilities from nine to five per cent per annum. The regulatory forbearance would allow banks to restructure…

Some parts of the country were on Tuesday thrown into darkness following another system collapse of the National Grid. According to the News Agency of Nigeria (NAN), Head, Corporate Communications,…

The price of Automotive Gas Oil, popularly known as diesel, is currently sold at N545 in some fuel stations across Lagos. This is an increase of over 113% from the…

N450m Debt: Oyo government seals IBEDC offices over alleged disconnection of secretariat, Oyo State government has sealed off some offices belonging to the Ibadan Electricity Distribution Company (IBEDC). The state…

FEC grants N64.687b contracts for Works, as Council approves anti-resource waste, The Federal Executive Council (FEC) has approved contracts valued at N64,686,536,230 for the Ministry of Works and Housing as…