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Dangote announces plans to invest in Cameroon’s oil and gas sector

Dangote announces plans to invest in Cameroon’s oil and gas sector

Billionaire businessman, Alhaji Aliko Dangote has announced plans to expand his group’s operations in Cameroon, starting with the Central African nation’s oil and gas sector. Bloomberg reports that Dangote made the disclosure on Wednesday after…

Business
Bitcoin value falls below $30,000

Bitcoin value falls below $30,000

Flagship cryptocurrency, Bitcoin, just fell below the $30,000 critical support level for the first time since January 2021. According to CoinDesk 20 data, Bitcoin traded at $29,700 a short while ago, bringing the year-to-date gain down…

Business
Naira gains at official window as dollar supply improves by 80 per cent

Naira gains at official window as dollar supply improves by 80 per cent

The exchange rate between the naira and the US dollar closed at N410/$1 at the official Investors and Exporters window. Naira appreciated on Tuesday against the US dollar to close at N410 to a dollar…

Business
Coke loses $4b as Ronaldo replaces products during press conference

Coke loses $4b as Ronaldo replaces products during press conference

Any gesture of Cristiano Ronaldo has a huge impact on a product’s brand value and apparently, his coke and water gesture in a press conference perhaps did not fail in that regard. This Monday, at…

Business
Oil starts new week reaching new high at $73

Oil starts new week reaching new high at $73

Oil prices started the week hitting their highest levels in more than two years on the back of economic recovery and the prospect of fuel demand growth as vaccination campaigns in developed countries accelerate. Brent…

Business
FG in talks with London bank for funding of two critical rail lines

FG in talks with London bank for funding of two critical rail lines

The Federal Government has approached a London, Standard Chartered Bank Plc, to fund two rail line projects. If the talks yield fruits, the two projects are expected to cost about $14.4 billion and that the…

Business
We’ve no plan to nationalize Unity Bank, says CBN

We’ve no plan to nationalize Unity Bank, says CBN

The Central Bank of Nigeria (CBN) has refuted allegations that it plans to nationalise Unity Bank Plc. The apex bank dismissed the report, which was published by some online media firms, as fake news. This…

Business
Digital currency coming, says CBN

Digital currency coming, says CBN

The Central Bank of Nigeria (CBN) plans to introduce digital currency before the end of the year, its Director Information Technology, Rakiya Mohammed, said on Thursday. Speaking at the end of 306th Bankers’ Committee Meeting,…

Business
El Salvador officially passes Bitcoin as a legal tender

El Salvador officially passes Bitcoin as a legal tender

Today, the El Salvadoran Legislature voted to pass Bitcoin as a legal tender. The vote was won by a supermajority of 62 out of 84 votes of the El Salvadoran legislature who voted in favour…

Business
Buhari receives first made-in-Nigeria cell phone

Buhari receives first made-in-Nigeria cell phone

President Muhammadu Buhari has taken delivery of the first ever Nigeria-made cellphone called ITF Mobile. The product was presented to him by Minister of Industry, Trade and Investment, Otunba Niyi Adebayo, just before commencement of…