Bidder Pays $28m for Space Trip with Amazon’s Bezos
A mystery bidder has paid $28m (£20m) for a seat on Amazon founder Jeff Bezos’s first crewed spaceflight by the billionaire’s Blue Origin company. This winning bid was made at
Nigeria Plans to Launch Digital Currency Before December
The Central Bank of Nigeria (CBN) has unveiled plans to launch a digital currency before December. The Director, Information Technology, CBN, Ms. Rakiya Mohammed, said Thursday during a virtual media
Nigeria Exceeding Borrowing Threshold for 2021, Finance Minister Ahmed Says
Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, on Thursday admitted that the federal government is exceeding its borrowing plan for 2021, blaming the development on the COVID-19
Nigeria Proposes $2bn Supplementary Budget for Covid Vaccines, Others
Nigeria’s federal government has prepared a supplementary budget of N895.84 billion for the provision of COVID-19 pandemic vaccines and military hardware, which it will soon present to the National Assembly.
Nigeria’s State-owned Oil Company Predicts $200 Oil Price
The Nigerian National Petroleum Corporation (NNPC) on Wednesday predicted that oil price could climb as high as $200 per barrel, as banks and major International Oil Companies (IOCs) withdraw from
Twitter, Other ICT Players Contributed 14.91% to Nigeria’s GDP, Civil Society Group Reminds FG
A leading civil society organization, Centre for Social Justice (CSJ) has reminded the federal government that Twitter and other social media platforms belong to the Information Communications sector which contributed
World Bank Raises Nigeria’s GDP Growth Forecast to 1.8%
The World Bank has increased Nigeria’s Gross Domestic Product (GDP) growth projection for 2021 to 1.8 per cent, higher than the 1.1 per cent it had estimated for the country
Tax Details of US Super-rich Leaked, Bezos and Musk ‘Paid Nothing’ in Some Years
Details claiming to reveal how little income tax US billionaires pay have been leaked to a news website. ProPublica says it has seen the tax returns of some of the
Nigeria to Drive Africa’s Telecoms Growth: Moody’s
A report by Moody’s Investors Service has said that Nigeria holds the key to the growth of telecom’s sector in in the Sub Saharan Africa (SSA). Moody’s, in the report
Nigeria: NNPC Boss Kyari Calls for Transparency in IOCs’ Operations
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, Tuesday called on International Oil Companies (IOCs) operating in Nigeria to be more accountable to Nigerians
Nigeria Seeks Lower Oil Production Costs, Targets 40bn Barrels Reserve
Nigeria’s President Muhammadu Buhari on Monday called on the operators of Nigeria’s oil and gas industry to search for more efficient ways of exploiting the commodity to reduce the cost
Trump Calls Bitcoin ‘a Scam Against the Dollar’
Former US President Donald Trump has told Fox Business that he sees Bitcoin as a “scam” affecting the value of the US dollar. “Bitcoin, it just seems like a scam,”
The Impact Of Twitter Ban On Nigerian Businesses
Charles Okaformbah, Co-founder and CTO of Blockchain solutions firm Convexity, and Ifeoma Illoh, Business Growth Consultant, spoke to the Global Business Report about the impact of the Twitter ban on
Nigeria: Central Bank Increases Forex Allocation to Banks
The Central Bank of Nigeria (CBN) on Sunday announced the increase of foreign exchange (forex) allocations to banks to meet the requests of customers, particularly travellers, seeking forex for travel
Architects Are Interpreters of the Spirit of the Age, We Should See Architecture That Reflects #EndSARS: Jumoke Adenowo
[bc_video video_id=”6257617814001″ account_id=”6116119081001″ player_id=”default” embed=”in-page” padding_top=”56%” autoplay=”” min_width=”0px” playsinline=”” picture_in_picture=”” max_width=”640px” mute=”” width=”100%” height=”100%” ] Multiple-award winning Nigerian architect Jumoke Adenowo was recently listed by renowned art historian Agata Toromanoff
G7 Nations Strike Deal to Tax Big Companies and Squeeze Havens
In a move that could raise hundreds of billions of dollars to help them cope with the aftermath of COVID-19, the Group of Seven large advanced economies agreed to back
Nigeria: It Will Affect Investors’ Confidence, Oyo Governor Makinde Asks FG to Reverse Twitter Ban
Governor of Nigeria’s southwestern Oyo State, Seyi Makinde says the federal government’s decision to ban Twitter operations in the country will affect investor’s confidence and called on the Nigerian leader to
Biden Rejects New Republican Infrastructure Offer
US President Joe Biden and Republicans entered the weekend sharply at odds over how to craft an infrastructure deal that could satisfy their camps, imperilling the odds of a bipartisan
Lagos Reduces Hurdles To Land Registration
Omosuyi Temitope, Investment Strategist with Afrinvest Securities, spoke to the Global Business Report about Lagos state reducing the time it takes to register property and also for obtaining construction
Nigeria to Concession Four Airports For Decades
Nigeria’s Aviation Ministry has said plans are in place to concession four of the country’s airports which will enable private investors to own, operate and recoup investments in the Lagos,
