Fakoyejo Olalekan

How Eko Electricity Distribution Company Lost N4 billion Under Tinuade Sanda

The Managing Director of Eko Electricity Distribution Company (EKEDC), Tinuade Sanda, said the firm lost N4 billion following damages to their property in the last six months. This has affected their operation. In a press conference on Wednesday, Sanda explained that the

June 23, 2022

Business

Aliko Dangote Makes N73.96 billion In One Day, As Billionaire’s Wealth Grows, Rank Changes

The wealth of Africa’s richest man, Aliko Dangote, increased by 1.27% on Wednesday, just a day after his networth dropped by -1.78%. The billionaire’s fortune rose following a rise in Dangote Cement’s share demand. At the end of trading in the Nigerian

June 22, 2022

Business·Oil & Gas

Pres. Buhari Told To Remove Fuel Subsidy After Rejecting IMF, World Bank Advice

Nigeria’s Extractive Industries and Transparency Initiative (NEITI) has expressed its disagreement with President Muhammadu Buhari’s statement over the removal of fuel subsidy, which has suspended for 18 months in January. On Tuesday, President Buhari had said he rejected suggestions to remove the

June 22, 2022

Business·Oil & Gas

Savannah Energy’s Accugas Begins First Gas Sales to FIPL’s Trans Amadi Power Plant

Savannah Energy PLC, the British independent energy company focused around the delivery of Projects that Matter in Africa, is pleased to announce that Accugas Limited (“Accugas”), the Company’s 80% indirectly owned subsidiary, has commenced gas sales to First Independent Power Limited’s (“FIPL”)

June 22, 2022

Business·Technology

Facebook Messenger Risks Losing To Telegram, As New Payment Subscription Emerges

Telegram is looking poised to surpass Facebook messenger userbase, as it reaches 700 million monthly active users. The growth of the firm reflects the intense competition in the global messenger app markets. WhatsApp, WeChat, Facebook messenger, and Telegram are competing for 6.64

June 22, 2022

Business·News

Buhari Finally Reacts To Godwin Emefiele’s Political Ambition, Discloses Those To Probe CBN Governor

Months after the Central Bank of Nigeria (CBN), Godwin Emefiele, decided to withdraw from contesting for an elective position in the government, President Muhammadu Buhari has addressed the outcry that trailed his political ambition. Emefiele’s decision to contest for political office via

June 22, 2022

Business

Former Tesla Elevator Worker Rejects $15 million Court Ordered Elon Musk To Pay – Here’s Why

The $15 million awarded by a United States District, Judge William Orrick, to former Tesla elevator operator, Owen Diaz, has been rejected, with the ex-employee demanding the electric carmaker, owned by Elon Musk, pay more. In April, Diaz had been granted the

June 22, 2022

News

NCC Appoints New Director Of Public Affairs

The Nigerian Communications Commission (NCC) has appointed Information and Communications Technology (ICT) journalist and public relations practitioner, Reuben Mouka, as Director of Public Affairs. Prior to his appointment, Mouka was the head of media and public relations, between 2009 and 2015. He exited the position

June 21, 2022

Business·Currency

Official Exchange Rate Set To Rise Significantly, As World Bank Demands CBN Adjust Forex Rate

The World has requested an adjustment in the exchange rate of the Investors & Exporters (I&E) window in Nigeria, stating that the rise in oil price has presented the Central Bank of Nigeria (CBN) to take review. According to the World Bank,

June 21, 2022

Business·Currency

Black Market Dollar To Naira Exchange Rate Today: Forex Trade Crashes To Two Months Low

The naira to dollar rate traded flat in the official market on Monday, as the value of foreign currency exchanged fell, nearing a low last recorded on April 4, 2022, while the Nigerian currency appreciated in the black market. Report from the

June 21, 2022

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Fakoyejo Olalekan

How Eko Electricity Distribution Company Lost N4 billion Under Tinuade Sanda

Aliko Dangote Makes N73.96 billion In One Day, As Billionaire’s Wealth Grows, Rank Changes

Pres. Buhari Told To Remove Fuel Subsidy After Rejecting IMF, World Bank Advice

Savannah Energy’s Accugas Begins First Gas Sales to FIPL’s Trans Amadi Power Plant

Facebook Messenger Risks Losing To Telegram, As New Payment Subscription Emerges

Buhari Finally Reacts To Godwin Emefiele’s Political Ambition, Discloses Those To Probe CBN Governor

Former Tesla Elevator Worker Rejects $15 million Court Ordered Elon Musk To Pay – Here’s Why

NCC Appoints New Director Of Public Affairs

Official Exchange Rate Set To Rise Significantly, As World Bank Demands CBN Adjust Forex Rate

Black Market Dollar To Naira Exchange Rate Today: Forex Trade Crashes To Two Months Low

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