Nigeria’s eurobond offer oversubscribed at $9.1bn, boosts investor confidence
Nigeria’s latest Eurobond offer has been oversubscribed at $9.1 billion, marking a successful return to the international bond market after a two-year hiatus and signaling potential investor confidence in the…
Enugu secures $100m for sustainable water connectivity project
The Enugu State Government and Austrian firm, WANDE NEXUS have formalized an agreement to implement the Sustainable Last Mile Connectivity and Advanced Metering Infrastructure Project in Enugu. The agreement, signed…
ExxonMobil considers sale of US$1bn Singapore gas stations
Exxon Mobil Corp. is exploring the sale of its gas stations in Singapore, a move that could generate approximately $1 billion. The company is collaborating with financial advisers to manage…
Nigeria eyes S’Africa’s support for G20, BRICS membership
Nigeria has requested South Africa's support for full membership in the G20, BRICS, and the BRICS New Development Bank. This appeal was made by Nigeria’s Minister of State for Foreign…
Chamber calls on states to strengthen intra-African trade
The Nigeria-Namibia Chamber of Commerce has urged state governments to strengthen trade and investment partnerships with African countries to drive economic growth and enhance citizens’ welfare. Speaking at the Namibia-Delta…
FG directs MDAs to exclude new projects from 2025 budget
The Federal Government has instructed all Ministries, Departments, and Agencies to exclude new projects from their 2025 budget submissions unless linked to ongoing project completion. This directive is outlined in…
FG auditors review NNPCL’s N2.7tn fuel subsidy claim
The Office of the Auditor-General of the Federation has received the required documents to verify the Nigerian National Petroleum Company Limited’s N2.7 trillion fuel subsidy claim against the government. Meanwhile,…
Telecom subscribers plan petition to national assembly over 5% tax
The National Association of Telecoms Subscribers is escalating its opposition to the Federal Government's plan to impose a 5% excise duty on telecom services. By writing to the National Assembly,…
PenCom approves full withdrawal of savings for low-income retirees
The National Pension Commission has clarified that low-earning pensioners can now withdraw their total retirement savings at once or opt to continue receiving monthly pensions while awaiting the implementation of…
Apple sued for spying, silencing workers with devices
Apple is facing a new lawsuit alleging that the tech giant unlawfully monitors its employees' personal devices and iCloud accounts, while also restricting them from discussing their pay and working…
Intel CEO Pat Gelsinger retires, company appoints interim Co-CEOs
Intel has announced the retirement of CEO Pat Gelsinger, effective December 1, 2024. Gelsinger has stepped down from his role as CEO and also resigned from the company’s board of…
OpenAI considers ads on ChatGPT
OpenAI is reportedly exploring the possibility of incorporating advertisements into its business model, Financial Times reported. CFO Sarah Friar confirmed that the company is considering the idea of introducing ads…
