Elon Musk has sold $6.9 billion worth of shares in Tesla Inc. The development is coming amid a court case with Twitter. The billionaire had terminated the $44 billion Twitter deal over suspicious fake accounts. In corporate filings published by the Securities and Exchange Commission on Tuesday, Musk sold some Tesla shares between August […]
Nigeria spent $2.35bn on telephone importation in three years, according to data from the International Trade Centre. The nation spent $807.95m on importation of phone sets in 2019, $765.57m in 2020 and $772.25m in 2021, the ITC, which is an international body that focuses on trade, said. The body explained that the imported telephone […]
The Naira on Tuesday appreciated against the dollar at the Investors and Exporters window, exchanging at N428.75. The figure represented an increase of 0.52 per cent compared with the N431 it exchanged for the dollar on Monday. The open indicative rate closed at N429.58 to the dollar on Tuesday. An exchange rate of N444.00 […]
Mele Kyari, group chief executive officer (GCEO), NNPC Limited, says Nigeria loses $1.9 billion monthly to crude oil theft. Kyari spoke when a delegation on an anti-oil theft team led by Timipre Sylva, minister of state for petroleum resources, visited Ifeanyi Okowa, governor of Delta, on Monday at the government house, Asaba. He said […]
Citing the increasing cost of aviation fuel and scarcity as well as the delay in the issuance of visa to intending passengers, Air Peace has suspended its flights to South Africa. The suspension, which takes effects from August 22, is for a period of 60 days, the Airline said in a notice. Daily Trust […]
President Muhammadu Buhari has approved the acquisition of ExxonMobil Corporation assets by Seplat Energy Plc despite moves by the state-owned oil company to block the deal. In February, Seplat had entered into an agreement to acquire the entire share capital of MPNU from Exxon Mobil. But the deal was blocked by Nigerian National Petroleum […]
Call and data tariffs may increase by as much as 100 per cent if plan by the federal government to hike consumption tax on telecom services scales through, Daily Trust can report. Daily Trust reports that the federal government had recently disclosed plan to implement a 5 percent excise duty tax on telecoms services, […]
Abdulrasheed Bawa, chairman of the Economic and Financial Crimes Commission (EFCC), says the agency will go after persons and organisations hoarding foreign currencies, especially dollars, across the country. According to a statement by Wilson Uwujaren, EFCC spokesperson, Bawa said this on Friday at a meeting with representatives of Bureau De Change (BDC) operators in […]
Elon Musk has accused Twitter of fraud, alleging the social media platform misled him about key aspects of its business before he agreed to a $44 billion buyout, as their court battle heats up. The Tesla boss lodged the claim late Thursday as he fights back against Twitter’s lawsuit seeking to force him to […]
In this photo illustration, The Twitter profile of Elon Musk with more than 80 million followers in shown on a cell phone on April 25, 2022 in Chicago, Illinois. (Photo Illustration by Scott Olson/Getty Images) Twitter on Thursday said the notion Elon Musk was “hoodwinked” into inking a $44 billion buyout deal defies reason […]
