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InvestingElon Musk Explains What Is Halting the Progress of His $44bn Twitter Deal

Bada Yusuf Amoo (Correspondent)May 18, 2022

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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BusinessInvestingTelecommunicationGoogle Announces $4m Black Founders Fund for 60 Start-ups Across Africa

PilotnewsMay 17, 2022

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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HealthInvestingNewsEnugu State Partners With Fr. Mbaka To Build Hospital, Waste Management Plant And Factories

Ije Ulasi (Regional Correspondent)May 4, 2022

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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BusinessInvestingGlaxoSmithKline 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....

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InvestingLifestyleRetirement: Time And Ways To Plan For Retirement in Nigeria

Ije Ulasi (Regional Correspondent)March 22, 2022

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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BusinessInvestingChinmark Group Withholds Over 4,000 Investors’ ‘Billions’, Aggrieved Investors Drag Marksman, Pst. Timothy Benedict, Others On Social Media

By Ezinwanne Onwuka (Senior Reporter)March 22, 2022

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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EconomyInvestingNGX Gains N810bn Ahead of First MPC Meeting

PilotnewsJanuary 23, 2022

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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EconomyInvestingFG Must Exercise Restraint in Tax Increment Despite Low Tax-to-GDP Ratio – AFDB

Beloved John (Staff Writer)December 1, 2021

ABUJA — President of the African Development Bank (AfDB), Akinwumi Adesina, has said, the fact that the country’s tax to gross domestic product (GDP) ratio is low does not justify the incessant tax increase. He indicated that although the country’s tax to gross domestic product (GDP) ratio is at 6.1 percent, the FG must exercise restraint in tax increment. The AfDB boss said this on Tuesday in Abuja while delivering a lecture at the 51st...

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InvestingMarketsYoung People Can Help Nigeria’s Capital Market to Advance Globally – Osinbajo

Bada Yusuf Amoo (Correspondent)November 30, 2021

ABUJA — Vice President Yemi Osinbajo, SAN, has said that with more room to redefine the exchange for international competitiveness and the largest concentration of young people in the primary market, Nigeria is in a better position to advance its capital markets locally and globally. He stated this in his keynote speech today in Abuja at the first Capital Market Conference of the Nigerian Exchange Group. The VP spoke at the event with the theme,...

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AgricultureBusinessInvestingAdamawa State Government Unveil Agribusiness Support Programme

Hassan Umar Shallpella (Regional Correspondent)October 11, 2021

LAGOS — The Adamawa State Government has formally unveiled its Agribusiness support programme at an Investors dinner held in Lagos, Nigeria’s commercial hub. According to a statement by Governor Fintiri’s Press Secretary Mr. Humwashi Wonosikou, the homegrown Agribusiness Programme is the first of its kind in the capital market in Nigeria. Fintiri said his administration is committed to navigating the market conscious of the burden of responsibility not only to the investing community but to...

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