Putin Says Europe Only Has Itself To Blame For Surging Gas Prices
The European Union can only blame its own policies for record gas prices as some of its members resell cheap Russian gas at much higher prices within the bloc, Russian President Vladimir Putin said on Friday. Putin also called on the EU to approve a new Russian gas route, the Nord Stream 2 pipeline, to […]
Egypt’s Petroleum Corporation Signs $1bn Oil-Exploration Agreement With Eni
Egyptian General Petroleum Corporation (EGPC) has signed an agreement with Italian energy group Eni (ENI.MI) for oil exploration in the Gulf of Suez and Nile Delta regions worth “not less than $1 billion” of investments, the petroleum ministry said on Friday. The agreement also included a commitment from Eni to additionally spend “not less than […]
Titan Trust Bank Officially Takeover Union Bank
The official takeover of Union Bank by Titan Trust Bank shocked Nigeria’s commercial, banking, and financial sector yesterday. Apart from the fact that it is owned by Tunde Lemo, a former Deputy Governor of the Central Bank of Nigeria, (CBN), not much was known about Titan Trust Bank. It was reported that the Board of […]
World’s Second-Biggest Miner Rio Tinto Buys Lithium Project For $825m
World’s second-biggest miner Rio Tinto Group has agreed to buy a lithium mine in Argentina for $825 million as the company accelerates its push into battery materials. The top mining firms are increasingly looking to expand into so-called future facing commodities, such as lithium, copper and even fertilizers, as investors and governments increase pressure on […]
Loans From China To Nigeria Stands At 9% Of The Country Total Foreign Debt Stock
The Debt Management Office has stated that China’s loans to Nigeria, which amount to $3.59 billion, account for only 9.4% of the country’s total foreign debt stock of $37.9 billion. Ms. Patience Oniha, the Director-General of the DMO, stated this in an interview with the News Agency of Nigeria on Saturday in Abuja. She further […]
Tesla Faces Investor Lawsuit Over Musk Tweets On 10% Stock Sales
Tesla Inc) was hit by a lawsuit over CEO Elon Musk’s social media posts including his Twitter poll on stock sales that pulled down its stock prices. Tesla investor David Wagner called for access to internal documents to investigate whether Tesla and Musk violated an agreement with the U.S. securities regulator and its board members […]
Femi Otedola: I’m Not Interested In The Board Position In Fbn Holdings
Nigerian billionaire, Femi Otedola, has disproved the reports that he is interested in holding a board position in FBN Holdings, and any of its remaining subsidiaries. He further expressed that being the single largest shareholder doesn’t mean he must necessarily hold a position in the bank, intensifying that he never purchase shares in FBN Holdings […]
Nigerians To Pay 7.5% VAT On Facebook Ads Starting January 1st
Nigerians will pay 7.5 percent value-added tax (VAT) on all ad placements from January 1, 2022, Facebook has revealed. The social media giant in a statement issued on Thursday disclosed that the charge will apply to those buying ads for businesses or personal purposes in compliance with the implementation of a value-added tax (VAT) in […]
Wema Bank Signs Davido As ALAT Brand Ambassador
Wema Bank has announced the signing of David Adeleke, popularly known as Davido, as a brand ambassador for ALAT by Wema, its digital bank. Recall how, just before his 29th birthday, the award-winning musician raised N201 million by posting his account information on social media and asking industry friends and colleagues to donate. He then […]
NJ Dry Cleaner Takes 8 Brides’ Wedding Dresses, Deposits And Disappears
More than a half dozen New Jersey brides say they paid hundreds to a dry cleaner to preserve their wedding dresses, but the owner disappeared. Ashley Vitale and Amy Swoboda say they paid deposits to Mr. Mort Cleaners in Fair Lawn who promised to send out their fancy frocks to another company to clean, preserve […]
