The Chief Executive Officer of Twitter, Elon Musk, has put the current value of Twitter at $20 billion, less than half the $44 billion he paid for the social media platform just five months ago, according to an internal email seen by American news media. The email to employees referred...
FirstBank of Nigeria has appointed Aishatu Bubaram as group executive, Commercial Banking North Division, making her the first female from Northern Nigeria to attain an executive management position in the bank. Prior to her appointment, she was the group head, Commercial Banking North, a position she assumed in 2016 following...
says 34 countries, 20 milion farmers to benefit The African Development Bank (AFDB) says it has put in place a $1.5b Emergency Food Production Facility to support food sufficiency in Africa. The President of the AFDB, Dr. Akinwunmi Adesina, who stated this in an interview at the Governor's Office, Oke...
Nigerian startup airline, Rano Air, has reportedly secured four EMB-145LRs aircraft to start operations in 2022. This was disclosed in some social media posts on Tuesday. Videos of the new aircraft were also uploaded on social media. In January, the company applied for an Air Transport License (ATL) with the Nigerian...
Poised to increase the number of Technology startups in the Information and Communication Technology (ICT), in the state and taping into the $34b innovation economy, the Ogun State government, has entered into a strategic partnership with GetFundedAfrica. The Chief Press Secretary to Ogun State Governor, Kunle Somorin stated this in...
The Central Bank of Nigeria (CBN) has released the sum of $265 million to airlines operating in the country to settle outstanding ticket sales in an apparent move to check a brewing crisis in the country’s aviation sector. A breakdown of the figure released on Friday indicates that the sum...
The Central Bank of Nigeria, CBN, digital currency, eNaira has recorded 200,000 volumes and four billion Naira value of transactions since its inauguration in 2021. Godwin Emefiele, the CBN Governor said this on Thursday in Abuja at the grand finale of the “eNaira Hackathon”. The News Agency of Nigeria reports that...
The Central Bank of Nigeria, CBN, has assured Nigerians that it was tackling the forex scarcity, even as it advised against succumbing to the speculative activities of some players in the exchange market. The Director, Corporate Communications at the CBN, Osita Nwanisobi, while speaking with journalists on Friday in Abuja,...
Twitter on Tuesday urged shareholders to endorse the $44 billion deal Elon Musk made to buy the online podium, setting a vote on the merger for September 13. The firm is locked in a legal battle with the mercurial Tesla boss over his effort to walk away from the agreement,...
Shareholders of one of Africa’s largest manufacturing companies, BUA Cement Plc, have approved dividends of N88.047billion for its financial year ended December 31, 2021 at N2:60k per ordinary share of 50k each. This approval was given during the company’s 6th Annual General Meeting held in Abuja, and comes on the...