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Business News Social MediaElon Musk Buys Twitter For $44bn, Promises Free Speech

By Ezinwanne Onwuka (Senior Reporter)April 26, 2022

The board of Twitter has agreed to a $44bn takeover offer from the billionaire entrepreneur Elon Musk, the company announced on Monday. Musk, who made the shock bid less than two weeks ago, said Twitter had “tremendous potential” that he would unlock. Mr. Musk’s offer came after frequent complaints about claims of content censorship and lack of free speech on the site. “Free speech is the bedrock of a functioning democracy, and Twitter is the...

Business NewsPrice of Cooking Gas Rises By 83.62% In One Year – Report

Bada Yusuf Amoo (Correspondent)April 23, 2022

The National Bureau of Statistics (NBS) on Friday disclosed in its report that the average retail price of cooking gas increased by 83.62 per cent from N2057.71 in March 2021. The March 2022 report also revealed the average price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) stood at N3778.30 in March 2022 from N3708.58 recorded in February 2022 showing an increase of 1.88 per cent month-on-month. According to state profile analysis,...

Business News TelecommunicationGoogle Launches Subsea Cable In Lagos, Says It Will Boost Nigerian GDP by $10.1bn, Create Jobs

By Ezinwanne Onwuka (Senior Reporter)April 22, 2022

LAGOS — Google, on Thursday, unveiled plans to go for the heart of Nigeria’s Internet market with its Equiano submarine cable. Google landed the cable with its partner, WIOCC, a prominent African digital backbone company in Lagos yesterday. The state-of-the-art Equiano subsea cable, which will become a critical element in meeting Nigeria’s current and future international connectivity demands, according to Google, would reduce the retail cost of Internet prices by 21 per cent after its...

Business Standards & Consumer Protection“Fake Products In Nigeria Are More Than The Original”, Williams Uchemba Laments

By Ezinwanne Onwuka (Senior Reporter)April 22, 2022

Nollywood actor, Williams Uchemba has decried the high rate of fake products in the country. Uchemba took to his Instastory to lament on Friday, stating that the number of fake products in the country are more than the original products. He added that it is painful that some vendors still sell counterfeit products at the price of the original. The father of one suggested that vendors should have both fake and original products so that...

Business News PowerAbuja Electricity Distribution Company Disconnects Government Offices Over Debt In Niger

Hassan Umar Shallpella (Regional Correspondent)April 21, 2022

MINNA — Niger State House of Assembly, Office of the Secretary to the State Government, and water board are among other government offices that resorted to using generators to power their offices due to the disconnection of the offices by the Abuja Electricity Distribution Company (AEDC) over a debt amounting to N1.9 billion. AEDC regional manager in Minna in a document issued on Friday said the debt spanned over eight years and vowed not to...

Business Money NewsAccess Bank Transforms To Holding Company, Access Corporation On May 1

By Ezinwanne Onwuka (Senior Reporter)April 19, 2022

LAGOS — Access Bank Plc said it will be transforming from core banking into a full financial services holding company known as Access Corporation from 1 May. In a notice to shareholders on Saturday, the Managing director of the bank, Herbert Wigwe said the new company will be known as Access Holdings, PIc, but trading as Access Corporation. “This change will see us evolve from a bank into a large-scale ecosystem player offering a new...

Business Social MediaMark Zuckerberg Announces New Features For WhatsApp

By Ezinwanne Onwuka (Senior Reporter)April 15, 2022

Mark Zuckerberg, Metaverse CEO, has announced that there would be additional features added to the popular instant messaging platform, WhatsApp. Zuckerberg made the announcement in a lengthy Facebook post on Thursday. According to the Meta boss, one of the new features, WhatsApp Communities, will enable users to not only communicate with close friends and contacts, but also with all of the different communities in their life. The community, which will help in the management of...

Business Entertainment NewsPortable Bags Endorsement Deal With Sujimoto

By Ezinwanne Onwuka (Senior Reporter)April 14, 2022

Habeeb Okikiola, the fast-rising Nigerian singer better known as Portable, has secured an endorsement deal with Sujimoto, a leading Nigerian construction company. The budding musician, who gained traction with his hit track ‘Zazoo Zeh’ featuring Olamide, the rapper, and Poco Lee, the dancer, announced the deal via Instagram on Wednesday. Sharing a video showing the moment he signed the contract, the Zazu crooner could be seen striking his famous pose with one of the company’s...

Business InvestingGlaxoSmithKline Agrees to Buy Sierra Oncology for $1.9bn

PilotnewsApril 13, 2022

British pharmaceuticals producer GlaxoSmithKline has agreed to buy late-stage biopharmaceutical company Sierra Oncology. GlaxoSmithKline said on Wednesday that it would pay 55 dollars per share of common stock in cash, representing an approximate total equity value of 1.9 billion dollars. The acquisition is to be carried out through a one-step merger in which the outstanding shares of Sierra Oncology will be cancelled and converted into the right to receive 55 dollars per share in cash....

Business Money NewsObi Cubana Promises 20 Secondary School Classmates N2m Each At A Reunion

Bada Yusuf Amoo (Correspondent)April 9, 2022

Nigerian Businessman and socialite, Obi Iyiegbu, popularly known as Obi Cubana, has promised to give the sum of N2m each to 20 of his secondary school classmates, who are struggling financially. In a video, the socialite urged his other secondary schoolmates to set up a trust fund that will cater to the poor amongst them. Cubana said, “Life is not just about taking pictures and posting on Instagram. I mean, many people think that we...

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Senate Uncovers a $300 Billion Hole in Nigeria’s Oil Accounts

New Bill Imposes 14-Year Jail Term for Lecturers Who Sexually Harass Students

Court Gives Nnamdi Kanu Until 7 November to Open Defence in Terrorism Trial

Former Gov Oni Lauds Oyebanji Over Investment In Technology

Travel

Airline: Green Africa has launched zero naira fare campaign

Nigeria Ranks Sixth in 2022 Africa Visa Openness Index

Fuel scarcity: NNPC assures Nigerians of steady petrol supply

Second Niger Bridge Will Be Open Only For Other Vehicles Not Heavy Duty Trucks ― FRSC

Doing Business in United States is Not So Easy

Business News NigeriaDangote Refinery Targets World’s Largest Status with 1.4mb Daily Production

Business NewsNigeria’s capital market must adapt to remain relevant – SEC DG

Business News NigeriaManagement of Zara Stores Opens New Outlet in Onitsha

Over 150 Persons Infected With Skin Disease In Adamawa

Imisi Crowned Winner of Big Brother Naija Season 10

‘The Grass Is Not Greener There’, Bright Chimezie Warns African Youths Eyeing the West

National Commission for Persons with Disabilities launches Compliance Certificates

Federal Govt Probes Strange Disease In Adamawa