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Business LifestyleThe Billionaires From The East Will Buy Twitter From Elon Musk For $70b – Cubana Chief Priest

By Ezinwanne Onwuka (Senior Reporter)April 28, 2022

Celebrity barman, Cubana Chief Priest, claims that he’s making efforts alongside some other billionaires from the Eastern part of Nigeria to buy Twitter from the world’s richest man, Elon Musk. Cubana took to his Twitter page to state that he will team up with Obi Cubana and E-Money and other billionaire friends from Southeast to acquire Twitter from Musk at a higher price of $70 billion. “We are making progress on submitting our offer to...

Business TelecommunicationNigerian Communications Commission Approves 1,843 Phone Brands For Nigerian Market

Hassan Umar Shallpella (Regional Correspondent)April 27, 2022

ABUJA — The Nigerian Communications Commission (NCC) has approved 1,843 phone brands for the Nigerian market. The new approvals represent a total increase of 351, from the 1,492 phones approved in 2020 by the regulator. The telecommunications regulator disclosed this in its ‘Type Approval’ regulation published on Tuesday. “The mobile handsets approved have been tested and found to meet the applicable Type Approval standards required to allow them to be sold to consumers and operated...

Business EconomyIndonesia-Nigeria Trade Volume Reaches 2.46bn Dollars

PilotnewsApril 27, 2022

Trade volume between Indonesia and Nigeria reached 2.46 billion dollars between 2016 and 2021, says Amb. Usra Harahap, Ambassador of Indonesia to Nigeria. Harahap said this on Tuesday in Abuja while fielding questions from newsmen, when he said about 25 Indonesian companies had invested in Nigeria. He said trade between the two countries kept increasing in the last six years. “In 2016 it reached 1.59 billion dollars and in 2021 it increased to 2.46 billion...

Business Social MediaTwitter Confirms Billionaire Entrepreneur, Elon Musk, To Buy Platform At $44bn

Bada Yusuf Amoo (Correspondent)April 26, 2022

Twitter on Monday confirmed it is selling the platform to billionaire entrepreneur Elon Musk in a deal valued at $44 billion. The sale was a dramatic shift for the board, which had originally maneuvered to block Musk from taking the social media network private. “Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” Musk said in a joint...

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...

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