President Muhammadu Buhari on Tuesday received the President of the African Development Bank, Dr Akinwumi Adesina at the State House in Abuja. Their talks centred on food security for Nigeria. President Buhari applauded the $1.5 billion African Emergency Food plan developed by the AfDB, which is awaiting ratification by its board. The plan was […]
Billionaire entrepreneur Elon Musk agreed to buy Twitter Inc. for $44 billion, using one of the biggest leveraged buyout deals in history to take private a 16-year-old social networking platform that has become a hub of public discourse and a flashpoint in the debate over online free speech. Investors will receive $54.20 for each […]
Twitter, a microblogging company, may accept the deal to sell itself to Elon Musk, The New York Times is reporting. The newspaper quoted two people familiar with the matter as saying that the two sides were discussing details, including a timeline to close any potential deal and any fees that would be paid if […]
Akinwumi Adesina, president of the African Development Bank (AfDB), says Africa must prepare for the inevitability of a global food crisis occasioned by the Russia-Ukraine war. According to a statement issued by AfDB on Sunday, Adesina said this while speaking about Africa’s priorities as a guest at the Atlantic Council’s Africa Center on Friday. […]
Chairman of the Dangote Group, Alhaji Aliko Dangote, has assured that the Dangote Refinery will be ready for commissioning before the end of President Muhammadu Buhari administration in 2023. He gave the assurance Friday while fielding questions from State House reporters after meeting with President Muhammadu Buhari at the Presidential Villa, Abuja, on Friday. […]
Twitter moved Friday to defend itself against Elon Musk’s $43 billion hostile takeover bid, announcing a “poison pill” plan that would make it harder for the billionaire to get a controlling stake. Musk’s proposed buyout faces several hazards, including possible rejection and the challenge of assembling the money, but could have significant impacts on […]
Elon Musk has made a “best and final” offer to buy Twitter Inc., saying the company has extraordinary potential and he is the person to unlock it. The world’s richest person will offer $54.20 per share in cash, representing a 54% premium over the Jan. 28 closing price and a valuation of about $43 […]
Elon Musk is no longer joining the board of Twitter, the CEO of the social media company said late Sunday, in a reversal less than a week after announcing the Tesla chief would be appointed. Musk was named to join the Twitter board after buying a major stake in the firm and becoming its […]
The Group Managing Director of Nigerian National Petroleum Company (NNPC) Ltd, Mele Kyari, has lamented the negative impact of the activities of oil vandals and operators of illegal refineries. Speaking when he appeared before the House of Representatives Committee on Petroleum (Upstream), on Thursday, he said this has led to the loss of $1.5 […]
The Central Bank of Nigeria has imposed an N800m fine on three Deposit Money Banks in the country for violating regulations barring customers from transacting in cryptocurrencies. According to a Bloomberg report released on Wednesday, the three banks are Access Bank Plc, Stanbic IBTC, and the United Bank for Africa Plc. The report noted […]
