The Chief Executive Officer of Financial Derivatives Company Limited (FDC), Mr. Bismarck Rewane, has advised Nigerians not to entertain the illusion that the Dangote Refinery would guarantee them cheaper supply of refined petroleum products.Rewane said the most the Dangote refinery would guarantee was improved supply of petrol in Nigeria’s domestic market, but would not affect…
Tesla chief executive Elon Musk donated a total of 5,044,000 shares in the world’s most valuable automaker to a charity from Nov. 19 to Nov. 29 last year, its filing with the U.S. Securities and Exchange Commission (SEC) showed on Monday. The donation was worth $5.74 billion, based on the closing prices of Tesla shares…
The European Union (EU) on Monday announced funding of €44 million (N21billion) for the Nigeria Jubilee Fellows Programme (NJFP) aimed at employing graduates who recently concluded the mandatory one-year National Youth Service Corps (NYSC). Executive Vice-President of the EU, Margrethe Vestager, who is currently on a working visit to Nigeria, made the announcement during an…
Flutterwave, a leading technology company, announced on Tuesday that it has raised $250 million in Series D funding, valuing the company at over $3 billion as the brand continues to transform the way Africans transact on the continent and worldwide. Flutterwave has become the highest valued African startup with this investment. It is a validation…
President Muhammadu Buhari Tuesday criticised the National Assembly for removing crucial projects from the 2022 budget estimates sent to it by the executive and inserting the lawmakers’ projects to the tune of N887 billion in the fiscal document before it was signed into law. He also accused the federal lawmakers of making unnecessary incursion into…
British consumer pricesrose at the fastest annual pace in nearly 30 years last month, intensifying the squeeze on households and reinforcing the chances that the Bank of England will raise interest rates for a third meeting in a row. The annual rate of consumer price inflation rose to 5.5% in January, the highest since March…
A combination of huge oil pipeline repairs cost and a high-level crude oil theft are bleeding the Nigerian economy, with losses amounting to at least $29 billion in the last six years, spanning 2015 to 2021. In February last year, the Nigerian National Petroleum Company (NNPC) Limited disclosed that the country lost an average of…
Coach of the senior national team of Nigeria Austine Eguavoen and some of his assistants have departed the shores of Nigeria for England ahead of the World Cup playoff against Ghana.Eguavoen was seen alongside his first assistant in Emmanuel Amuneke, the newly appointed chief coach on their way to England where they will hold talks…
Paul Onuachu has been named in the Belgian Pro League Team of the Week by Whoscored.com following the conclusion of the 27th round of matches in the division.Against Standard Liege on Sunday, the Nigeria international slotted home after a huge mistake at the back by Standard Liege defender Moussa Sissako in the 53rd minute, taking…
