BUSINESS
Elon Musk Buys Twitter
Twitter said Monday it has agreed to sell itself to Elon Musk, who will take the company private in a deal valued at around $44 billion. The deal caps off a whirlwind news cycle in which the Tesla and SpaceX CEO became one of Twitter's largest shareh...
Buhari Will Commission My Refinery Before End Of His Tenure — Dangote
Chairman of the Dangote Group, Alhaji Aliko Dangote, has assured that the Dangote Refinery will be ready for commissioning before the end of President Muhammadu Buhari administration in 2023. He gave the assurance Friday while fielding questions from...
Over 5,000 Debtors Owe FG N5.2trn, Says Finance Minister
Minister of Finance, Budget, and National Planning, Mrs. Zainab Ahmed has said the Federal Government will enforce the recovery of N5.2 trillion debt owed by over 5,000 debtors through various Ministr...
FG Set To Give 98,000 Nigerians Interest-Free Loans — Umar-Farouq
The Federal Government says it has concluded plans to give interest-free loans to 98,000 beneficiaries of its Government Enterprise and Empowerment Programme 2.0 nationwide. The Minister of Humanitari...
After FG, Dangote Largest Employer Of Labour Says Buhari As He Launches $2.5bn Dangote Fertiliser Plant
President Muhammadu Buhari on Tuesday said Dangote Group is the second-largest employer of labour in Nigeria, after the federal government. He said this in Lagos, when he commissioned the 3 million metric tonnes capacity Dangote Fertiliser plant built at a cost of $2.5 billion. The plant which is located at Ibeju Lekki is built on 500 hectares of land. Speaking at the...
Minister Summons Stakeholders Over Nationwide Epileptic Power Supply, Vows To Improve Situation
The Minister of Power Engr. Abubakar D. Aliyu is holding an emergency meeting with all the stakeholders in the power sector to address the current low power generation which has caused epileptic power supply across the country. The minister warns that stakeholders must work together to make electricity more stable. The meeting held at the Conference Hall of the ministry...
BUA Chairman, Alhaji Abdulsamad Vows Not To Increase Products’ Price During Ramadan
The Chairman, BUA Group of Companies, Alhaji Abdulsamad Isyaku Rabiu, has promised Nigerians that the company will not increase the price of its products now or during the upcoming Ramadan period. BUA’s representative in the northern region, Alhaji Muhammadu Adakawa, disclosed this during a press briefing held in Kano to address the recent increase of prices of products by some...
Price Of Bread To Rise In Nigeria As Russian-Ukrainian Face Off Continues
The price of bread, one of the most commonly eaten staples in most Nigerian homes is set to rise if the current Russian-Ukrainian war persists. Russia is the world’s largest exporter of wheat, accounting for more than 18 per cent of international exports. The downside to the war is that if supply from Russia is distorted for whatever reason, Nigeria could...
300,000 N-Power Beneficiaries To Get CBN Loan — FG
The Federal Government, on Thursday, said that there was an exit programme for about300,000 N-Power beneficiaries to get loans from the Central Bank of Nigeria, CBN. The Minister of Human Affairs, Disaster Management and Social Development, Hajia Sadiya Umar Farouk, made the revelation during the weekly ministerial media briefing organized by the Presidential Communications Team, at the Presidential Villa, Abuja. She...
NNPC Says It Rejected 5 Cargoes Containing Substandard Petrol
The Nigerian National Petroleum Company Limited, on Wednesday, disclosed how five cargoes containing ethanol-laden Premium Motor Spirit (petrol) were rejected after discovering that the first was substandard. The Group Managing Director of the NNPC, Melee Kyari, also disclosed that the company was filing damages against suppliers of the substandard PMS, while alleging that Duke Oil, one of the company’s subsidiaries,...
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