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ExxonMobil has announced its commitment to invest US$10 billion in Nigeria’s deep-water oil operations, a move welcomed by the Nigerian government as a clear indication of the country’s improving investment climate. The announcement was made by Shane Harris, the chairman and managing director of ExxonMobil Affiliates in Nigeria, during a high-level meeting with Vice President Kashim Shettima on the sidelines of the ongoing 79th session of the United Nations General Assembly, UNGA, in New York....

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The Chinese government has commenced talks with authorities of the Niger State government over illegal mining activities by some Chinese companies across the state around Zuma Rock in the Suleja Local Government Area of the state. The meeting is part of a last-minute effort to avert a possible lawsuit by the Niger State government against the companies, as their activities have been a source of concern for the state government. Governor, Abubakar Sani Bello, recently...

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According to the firm’s regional manager of Sub-Saharan Africa, Ms. Amrote Abdella, who spoke on Tuesday, the new office was launched in Lagos State. Abdella said the company chose Lagos because it “offers a highly skilled and creative talent pool, and the area is home to many fast-growing startups and notable Nigerian enterprises leading the way in digital innovation.” She said the move was part of AWS’s support for the growing number of customers and...

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The billionaire founder of Tesla Inc., Elon Musk, has said that his $44 billion Twitter deal “cannot move forward” until the social media company shows proof of its spam account figures. The billionaire entrepreneur said this in a tweet on Tuesday. In a filing earlier this month, Twitter estimated that fewer than 5 per cent of its monetizable daily active users in Q1 were bots or spam accounts. But Musk claimed that around 20 per...

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Google on Tuesday said that 60 eligible  black-founded  start-ups  would receive  a total of four million dollars  in the second  cohort  of Google  for Start-up  Black Founders Fund  (BFF) Mr. Folarin Aiyegbusi, Google’s Head of Start-up Ecosystem, Africa,  made this known in a statement announcing the opening of applications for Google for Start-up Black Founders Fund for Africa. Aiyegbusi said that following the success of the first cohort in 2021, Google increased its commitment in 2022 with additional...

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ENUGU — The Enugu State Governor, Ifeanyi Ugwuanyi has declared his administration’s intentions to support a proposal by a British firm, HP Kapital Limited to build a 500-bed University Hospital, three factories, a waste management plant and other facilities within the vicinity of the Adoration Ministry in Enugu. The Governor disclosed this when he received in the audience the fiery Roman Catholic priest and Spiritual Director Adoration Ministry Enugu Nigeria, AMEN, Rev. Fr. Ejike Mbaka,...

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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....

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Planning For Your Retirement Life may be in phases but its success is cumulative, not independent; a weak link can crash a great dynasty as a chain is as strong as its weakest link.   Promoting culture and the need for saving for the future, the Igbos a major tribe in Nigeria, known for their deep and meaningful adages says, “nkụ onye kpara n’ọkọchị ka ọ na anya n’udu mmiri,” freely translated as ones actions...

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About 4,500 aggrieved investors have lashed the Chief Executive Officer and Chairman of Chinmark Group, Marksman Chinedu Ijiomah, over unpaid funds invested in the company despite the March 19 deadline given for refund to investors. Caught in the web also includes a social media influencer and brand ambassador for the “investment company”, Amanda Chisom; Harrison Gwanishu, another social media promoter of Chinmark; as well as the spiritual pillar of Chinmark, Pastor Timothy Benedict, lead pastor...

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LAGOS — The Nigerian Exchange Ltd. (NGX) has posted a growth of N810 billion ahead of the first 2022 Monetary Policy Committee (MPC) slated for Jan. 24 and 25. The market capitalisation, which opened last week at N23.951 trillion garnered N810 billion or 3.38 per cent to close at N24.761 trillion, Jan. 21. Also, the NGX All-Share Index inched higher by 1,502.68 or 3.38 per cent to close at 45,957.35 from 44,454.67 posted in the...

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