Ardova awards Otedola $19m in arbitration over Forte Oil sale
Energy billionaire, Femi Otedola had won a $19 million arbitration award on the share purchase agreement surrounding the sale of Forte Oil, now…
Business
Tesla increases model prices in the US
Tesla has increased the prices of its Model S, X, and Y electric vehicles in the United States by a low digit…
Emefiele urges risk management institutes to equip professionals
The Governor of the Central Bank of Nigeria, Godwin Emefiele, has called on the Chartered Risk Management Institute of Nigeria to develop…
Naira falls at parallel market, gains on I&E window
Naira experienced a decline of 0.54 per cent against dollar, closing at ₦750 on the black market while it slightly strengthened by…
Volvo Cars delays production of electric SUVs
Sweden-based automobile giant, Volvo Cars has announced a delay in the production of its new Volvo EX90 model due to the need…
Siemens profit hits 39% increase first quarter
The Indian branch of Siemens AG, Siemens Ltd, on Thursday, reported a 39 per cent increase in quarterly profit due to a…
FCTA reopens Garki Market after closure for inadequate sanitation
The Garki International Market in Nigeria has reopened after being closed last week due to inadequate sanitation and hygiene. The Federal Capital…
Nigeria’s oil production drops by one million barrels – FG
The Federal Government of Nigeria revealed on Wednesday that the country’s oil production is presently below its technical capacity by roughly one…
Elumelu’s firm acquires 70m units of UBA shares
A private equity firm, HH Capital, founded by a Nigerian billionaire and the chairman of the Board of Directors of United Bank…
Shell wins 2011 oil spillage case
The UK Supreme Court has decided that it is too late for Nigerian citizens to sue two Shell subsidiaries over a 2011…
KPMG faults FG’s tax rate increase
The financial advisory giant, KPMG has faulted the Federal government’s increase in excise duty, stating “Tax increases are better introduced at a…
Metaverse to contribute $760bn to US GDP by 2035 – Report
A study commissioned by the owner of Facebook, Meta Platforms, has revealed that Metaverse could contribute up to $760 billion, or about…