Twitter shareholders sue Elon Musk for ‘unlawful conduct’
Shareholders of social media giant, Twitter, have filed a lawsuit against Elon Musk on grounds of “unlawful conduct” aimed at sowing doubt about his intention to finalise the acquisition deal…
Grounded multimillion-dollar plane sold as scrap, towed to Oyo
An Airbus A320 jet belonging to First Nation has been sold as scrap to a yet-to-be-identified buyer, findings have shown. The development came about four years after the carrier grounded…
Insecurity, naira devaluation drive wheat imports to N1.3tn
Importation of durum or pasta wheat into Nigeria has continued to skyrocket, rising from N730.9 billion in 2020 to N1.295 trillion in 2021. Calculations from the National Bureau of Statistics…
Food prices surge by 42% in 12 months –NBS
Selected food prices recorded an increase of 42 per cent in one year, figures by the National Bureau of Statistics have shown. A new report titled “Selected Food Price Watch…
Dangote, Innoson, others emerge winners at Brand Africa award
Dangote, Innoson, MTN, and DSTV were among 100 companies that bagged outstanding awards at the 2022 edition of the Brand Africa Award ceremony on Wednesday. Brand Africa is a non-profit…
Banks borrow N338.4bn from CBN in one month
Cash-strapped banks borrowed N338.5bn from the Central Bank of Nigeria in January to bridge their funding gap, according to the banking data. Figures from the CBN’s monthly report for January…
APCON to prosecute Globacom over indecent advert
The Advertising Practitioners Council of Nigeria says it has flagged a Glo dial *109# “Link your NIN” commercial featuring a female model (Osas Ighodaro). A statement by the apex advertising…
UK government authorises sale of Chelsea FC
The UK government announced Wednesday it had given the green light to Todd Boehly's proposed takeover of Chelsea football club from the sanctioned Russian oligarch Roman Abramovich. Secretary of State…
CBN raises interest rate to 13%
The Central Bank of Nigeria on Tuesday announced that it has raised the interest rate to 13 per cent. CBN Governor, Godwin Emefiele, made this known while addressing the reporters…
Nigerians who buy second-hand iPhones, Samsung rise by 10% – Report
The number of Nigerians that bought secondhand iPhones and Samsung rose by 10 per cent in 2021 according to a report by Counterpoint Technology Market Research. According to Counterpoint Research’s…
Elon Musk loses $11bn in one day
The wealth of the Chief Executive Officer of Telsa, Elon Musk, has plunged by 7% - a total of $11 billion in one day following bad stock sales pressures of…
Nigeria’s GDP rose by 3.11% in Q1 2022 – NBS
The National Bureau of Statistics on Monday revealed that Nigeria’s Gross Domestic Product rose by 3.11 per cent in the first quarter of 2022. In a tweet posted to its…
