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 […]
South Africa Considers 10-year Visa For Nigerian Business Travelers
In a bid to promote trade between Nigeria and South Africa, the South African High Commissioner to Nigeria, Mr. Thamsanqa Dennis Mseleku has advised more Nigerian businesses, especially financial institutions to expand their businesses to South Africa. The envoy also disclosed that the South African consulate was working on issuing Nigerian business operators 10-year-visa to […]
CBN Claims Commercial Banks Were Failing In Promoting The eNaira
The Central Bank of Nigeria slammed commercial banks throughout the country on Wednesday for failing to promote the e-Naira, which was introduced with fanfare by President Muhammadu Buhari in October 2021. The apex bank also revealed to the public the operational benefits of the newly implemented eNaira. CBN officials took turns lecturing youth corps members, […]
MTN’s N97 Billion Public Offer Opens Wednesday At N169 Per Share
Telecommunications giant, MTN Nigeria, Tuesday announced that its N97 billion public offer to retail investors for the sale of 575 million shares held in the local company by the MTN Group will open Wednesday. The company stated that the offer, which will be priced at N169 per share, would close on December 14. MTN Nigeria […]
Wall Street Rebounds After Virus-Linked Sell-Off
Wall Street stocks closed higher on Monday, regaining some of the ground they lost in Friday’s sell-off, as investors were hopeful that the Omicron coronavirus variant would not lead to lockdowns after reassurance from U.S. President Joe Biden. The Nasdaq led gains among the major averages with help from the technology sector, while the S&P […]
