Fakoyejo Olalekan

Twitter Market Valuation Rises, As Elon Musk’s Ready To Buy Firm At Agreed Price

Twitter share skyrocket by 22.09 per cent on Tuesday after news broke that the world’s richest man, Elon Musk, has reportedly agreed to acquire the social networking site for $44 billion. Trading activities around Twitter stock showed investors confidence was high towards

October 4, 2022

Nigerians Groan As NNPCL Again Increases Pump Price of Petrol

Business·Oil & Gas

Mele Kyari Reacts, As NNPC Limited Records N674 billion Profit In 12 Months

Over N674 billion has been declared as profit after tax for 2021 by the Nigerian National Petroleum Corporation (NNPC) Limited, which recently acquired Oando retail business, OVH Energy Marketing. The net profit rose by 134.8 per cent year-on-year growth from N287 billion

October 4, 2022

Mark Zuckerberg Reveals What Being Meta CEO Feels Like

Business

Mark Zuckerberg Makes N437 billion, As Meta Investors Ignore Nigerian Gov’t Lawsuit

Mark Zuckerberg’s wealth grew on Tuesday by 2.08 per cent amid a faceoff between his company, Meta Platforms and the Nigerian government over unapproved advertisements targeting Nigerian audience. Zuckerberg’s networth rose to $51.2 billion after making over N437 billion ($1 billion) during

October 4, 2022

CBN Places Service Restriction On PoS Agents Across Nigeria

Business·Top Stories

CBN Deducts N838.8 billion Depositors’ Funds From GTBank, Zenith, First Bank, 12 Others

Over N838.82 billion of depositors funds in Zenith Bank, Guaranty Trust Bank (GTBank), First Bank of Nigeria (FBN) and 12 others were debited by the Central Bank of Nigeria (CBN). The CBN withdrew the funds from 15 banks as its Cash Reserve

October 4, 2022

Business·World News

Kim Kardashian Loses $1.26 million Over Cryptocurrency Scam

The United States Securities and Exchange Commission (SEC) has fined Reality TV star, Kim Kardashian, for partaking in a cryptocurrency promotion which was later described as a “pump and dump” scheme. Kardashian was fined $1.26 million in penalties after promoting EMAX crypto

October 4, 2022

Naira Opens Week With Gain Across FX Markets

Business·Currency

Dollar To Naira Exchange Rate: Dollar Rate Falls In Black Market After Independence Day

August 4, 2022 Dollar Rates Update: The cost of buying the United States dollar was down on Tuesday in the black market after the Independence Day holiday on Monday, but the scarcity of the American currency continues to fuel the value above

October 4, 2022

Femi Otedola Issues New Statement After Reports Of Transcorp Plc Acquisition

Business·News

Femi Otedola’s Geregu Power Plant To Go Public At N100 Per Share

Femi Otedola is reportedly set to list his electricity generation company, Geregu Power Plc, on the Nigerian Exchange (NGX), to allow the public become part owners by buying the company’s shares. Otedola had acquired Geregu Power Plant after the Federal Government during

October 3, 2022

Business·Currency

Nigeria’s Foreign Reserves Drop $2.20 billion, Increases Forex Problem

As at September 29, 2022, Nigeria’s foreign reserves fell to $38.318 billion, further compounding the scarcity of foreign exchange in the country’s official forex market. In the last Monetary Policy Meeting (MPR) in August, the governor of the Central Bank of Nigeria

October 3, 2022

Business

Budget Office Says Buhari’s Administration Wasting Resources

The Director General of the Budget Office of the Federation, Ben Akabueze, said President Muhammadu Buhari’s administration is wasting the country’s limited resources, and it needs to stop. Akabueze stated that the wastage needs to be cut, and the administration should prioritise

October 3, 2022

Fidelity Bank In Need Of Money, Reveals Amount Company Needs To Run Operation

Business·News

Fidelity Bank Seeks More Money For Operations, Moves To Recapitalize

The shareholders of Fidelity Bank have approved the management’s request to raise new capital through private placement, which will bring in new investors into the company, and enable the firm have liquidity to maintain operation. Fidelity Bank had requested that 3,037,414,308 unissued

October 3, 2022

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Fakoyejo Olalekan

Mele Kyari Reacts, As NNPC Limited Records N674 billion Profit In 12 Months

Mark Zuckerberg Makes N437 billion, As Meta Investors Ignore Nigerian Gov’t Lawsuit

CBN Deducts N838.8 billion Depositors’ Funds From GTBank, Zenith, First Bank, 12 Others

Kim Kardashian Loses $1.26 million Over Cryptocurrency Scam

Dollar To Naira Exchange Rate: Dollar Rate Falls In Black Market After Independence Day

Femi Otedola’s Geregu Power Plant To Go Public At N100 Per Share

Nigeria’s Foreign Reserves Drop $2.20 billion, Increases Forex Problem

Budget Office Says Buhari’s Administration Wasting Resources

Fidelity Bank Seeks More Money For Operations, Moves To Recapitalize

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