Day: June 14, 2024

Nigeria Declares Monday, Tuesday Public Holidays For Eid-Ul-Adha

Ganiyu Amodu

The Federal Government has declared Monday 17th, and Tuesday 18th June 2024 as public holidays to mark this year’s Eid-ul-Adha celebration. The Minister of Interior, Hon. Olubunmi Tunji-Ojo who made the declaration on behalf of the Federal Government, congratulated all Muslim Ummah both at home and in the Diaspora on the occasion. He called on the Muslim Ummah to continue to imbibe the spirit of peace, kindness and sacrifice, as exemplified by Prophet Ibrahim (Peace be upon Him) and to also use the period to pray for unity, prosperity and…

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NNPC Has Withdrawn Challenges To $1.2Bn ExxonMobil Asset’s Acquisition – Seplat

Ganiyu Amodu

Seplat Energy is pursuing a swift conclusion to its $1.28 billion acquisition of ExxonMobil’s shallow water oil assets, it said on Friday after being notified that NNPC had halted a legal challenge to the deal. NNPC had challenged Exxon’s sale of the assets to Seplat, saying it had first right of refusal. The deal was further held up by regulatory issues. Seplat Energy commends the open cooperation and progress achieved by all stakeholders, and will diligently engage (with) all key stakeholders, including the government, in progressing towards a swift completion…

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World Bank Approves Nigeria’s $2.25bn Loan Request

ADEOLA YUSUF

The World Bank has approved a total of $2.25 billion loan for Nigeria to help stabilise its economy following reforms and scale up support for the poor, it said in a statement on Thursday. In April, Finance Minister Wale Edun said Nigeria was seeking up to $2.25 billion in World Bank loans and expects the bank’s board to approve the request in June. Nigeria President Bola Tinubu last year in May initiated the country’s boldest reforms in decades, scrapping a popular but costly petrol subsidy and sharply devaluing the currency…

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Nigeria Drops Charges Against Binance Executive

Ganiyu Amodu

The Federal High Court sitting in Abuja has discharged Tigran Gambaryan, a 39-year-old American, and fleeing Nadeem Anjarwalla over alleged tax evasion. The duo, both executives of cryptocurrency exchange platform Binance, were dragged to court by Federal Inland Revenue Service (FIRS) over alleged tax evasion. The court made the decision following fresh amended charges filed by the FIRS in view of a notice from Binance about its appointment of a Nigerian representative, Ayodele Omotilewa. Recall that Gambaryan and fleeing Anjarwalla are facing a four-count charge by the Nigerian government brought…

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TotalEnergies Raked In N635bn In 2023, Declares N7.129bn Dividends

Ganiyu Amodu

TotalEnergies Marketing Nigeria Plc has said that it raked in N635,951,600 revenues as of 31st of December, 2023 as the company declared payment of N7.129 billion dividends to shareholders. Chairman of TotalEnergies, Mr. Jean-Philippe Torres, who declared this at the 44th Annual General Meeting of the company in Lagos, maintained that TotalEnergies Marketing increased her turnover by 32% from #482.47 billion in 2022 to #635.95 for the year ended 31st December, 2023. The Board, he added, “proposes for approval by shareholders that the sum of #8.49 billion representing #25.00 (Twenty-five…

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Nokia Makes History With World’s First Immersive Voice Call

ADEOLA YUSUF

The Chief Executive Officer of Nokia, Pekka Lundmark has made a phone call using a new technology called “immersive audio and video” that improves the quality of a call with three-dimensional sound, making interactions more lifelike. The Finnish smartphone maker announced this development in a statement obtained from its website on Tuesday. READ ALSO: ‘Nigeria’s Oil Production Drops To 1.25mbpd,’ OPEC Contradicts NNPC’s May Figure ‘No Way,’ Gov Soludo Kicks Against LG Autonomy Sexual Harassment: Minister Reports Perm Sec To Head Of Service The call was made with Finland’s Ambassador…

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