Otedola Gifts 750 Varsity Students N1 Million Each, Gains The Heart Of Many Netizen
After giving a million naira each to 750 students at Augustine University in Ilara-Epe, Lagos State, Nigerian entrepreneur and billionaire businessman Femi Otedola has gained the heart of many on social media. The billionaire was inaugurated in as the university’s chancellor and he also made the announcement of the donation on Thursday during the fifth […]
Lafarge Launches Electric Vehicle Truck, Pioneers Green Mobility
With the launch of an Electric Vehicle (EV) truck into its supply chain, Lafarge Africa Plc has hailed a significant turning point in its sustainability journey. This first-of-its-kind accomplishment in Africa, made possible by a partnership with Tolaram, highlights Lafarge’s steadfast dedication to environmentally friendly operations and creative solutions. Speaking on Monday at the EV […]
CBN Gov Summoned By House Of Reps Over Decision Of Lifting Ban On 43 Forex Items
The House of Representatives has summoned Yemi Cardoso, the governor of the Central Bank of Nigeria (CBN), to explain the decision to lift the forex ban on forty-three items. Recall that in 2015, access to certain items—like cement and toothpicks, among others—was initially restricted from foreign exchange. As a result, importers of these commodities were […]
Billionaires Should Face A Minimum Tax Rate, Report Says
Billionaires should face a minimum tax rate, according to a report which found some of the world’s mega-wealthy are paying little to no tax. The EU Tax Observatory said most people pay a higher rate than the super-rich, who, it said, are able to use complex business structures for avoidance. It suggested a minimum 2% […]
Dangote Cement Denies Running Sales Promo
The management of Dangote Cement Plc. has denied reports, on some online platforms, that it has embarked on sales promotion and adjusted its prices. There have been reports on some online platforms and social media, that the company has reduced the price of a bag of cement to between N2,400 and N2,700 as part of […]
Oil Prices Rise Following Hamas Attack On Israel
Oil prices have jumped on concerns that the situation in Israel and Gaza could disrupt output from the Middle East. Brent crude, the international benchmark, climbed by $2.25 a barrel to $86.83, while US prices also rose. Israel and Palestinian territories are not oil producers but the Middle Eastern region accounts for almost a third […]
NNPC Dismiss Report Of Awarding Pipeline Contracts To “Northern Oil Cabal”
The Nigerian National Petroleum Company (NNPC) Limited has dismissed reports that it gave contracts for the rehabilitation of pipelines throughout the nation to a “northern oil cabal.” The Nigeria Extractive Industries Transparency Initiative (NEITI), the Infrastructure Concession Regulatory Commission, and the Bureau of Public Procurement (BPP) were all involved in the selection process, according to […]
Jankara, Bombata, Others Joins List Of Lagos Markets To Be Demolished
In order to facilitate urban rehabilitation, Lagos Island markets like Jankara, Bombata, and Pelewura will be destroyed, according to Governor Babajide Sanwo-Olu on Sunday. This was made known by Sanwo-Olu when he inspected several drainage channels in the state’s Island region. Sanwo-Olu said: “We have come here on a drainage and regeneration call. The entire […]
Taylor Swift tour film Tops $100m In Advance Ticket Sales
Taylor Swift’s Eras Tour concert film has become a box office blockbuster a week before hitting cinemas. Its distributor AMC says global advance ticket sales have topped $100m (£82m), adding demand “has been incredible from the moment it was first announced.” The firm says it took less than 24 hours for the movie to beat its record […]
A Certificate To Own A Car In Singapore Now Costs $106,000
The cost of a certificate to own a large family car in Singapore has jumped to a fresh record high of S$146,002 ($106,619; £87,684). The city-state introduced the 10-year certificate of entitlement (COE) system in 1990 as an anti-congestion measure. Prospective car owners in Singapore must have a COE in order to be able to […]
