Category: Business News
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America to offer $215 million food assistance to Nigeria, others
Anthony Blinken the United States Secretary of State, has said that the US government would provide an additional $215 million emergency food assistance to Nigeria and many other African countries. Blinken also assured that other African countries Algeria, Cameroon, Uganda, Zimbabwe, Mauritania, Burkina Faso, Rwanda, Tanzania, Kenya, among will also enjoy from the largesse.
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Dollar Jumps to 600naira at Parallel market, external reserves falling
The naira exchanged at 600 to a dollar on Monday at the parallel market, increasing fears of further degradation of the country’s currency. The rate at the Importers and Exporters Window was, however, N415.75 on Monday, widening the exchange rate spread to N184.25.
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Naira crashes to 419 against the dollar at international market
Nigeria’s currency the naira on again crashed at the Investors and Exporters window exchanging at N419 to the dollar, a 0.24 per cent depreciation, weaker than N418 it traded on Wednesday. The open indicative rate closed at N417.40 to the dollar on Thursday.
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FMN acquires Honeywell Flour Mills Plc
Flour Mills confirmed the transaction has been consummated by the parties
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Kano, Ogun, Kaduna, others to benefit from $1.5bn AfDB food plan
Following the crisis rocking Ukraine in its war against neighbour Russia, the Africa Development Bank (AfDB) has started a measure to cushion the ripple effect of the war on Nigeria and by extension Africa.
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OPEC daily basket price now $108.81 per barrel
The Organisation of the Petroleum Exporting Countries (OPEC) price for basket of 13 crude oil samples stood at $108.81 per barrel as at Thursday, April 21. This is compared with $107.97 per barrel of the previous Wednesday, according to OPEC Secretariat calculations released on Friday.
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Twitter’s board adopts “poison pill” over billionaire’s Elon Musk $43bn (£33bn) offer for purchase of company
The move will prevent anyone from having more than a 15% stake in the company
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Access Bank Plc to become full financial services holding company from May 1
Changes in the company’s structure from May 1
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How PAYCOM Nigeria Limited removed money from journalist’s Access Bank account after declined transaction
But now, we have to wait for the PAYCOM NIGERIA LIMITED to return the money
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World’s richest man Elon Musk set to acquire Twitter
The bid came just weeks after Mr. Musk became the company’s largest shareholder (though his holdings appear to have been eclipsed since then by the investment management giant Vanguard). He offered $54.20 a share, valuing the company at roughly $43 billion.