Browsing Tag
Business
65 posts
Daily Nigerian Press Summary: Wike Faces Backlash and Corporate Developments
A summary of Nigerian newspaper headlines covering political disputes involving Nyesom Wike, significant corporate moves by Femi Otedola, and ongoing investigations into a purported government agency.
Nigerian Press Roundup: Wike Clashes with Northern Youths and Financial Developments
This summary covers the conflict between Nyesom Wike and northern youth groups, Femi Otedola's bank acquisition plans, salary hikes in the military, and a fraud investigation involving the PFIPC.
Electronic Arts Acquired by Saudi-Backed Consortium in $55 Billion Deal
Electronic Arts has been taken private in a $55 billion buyout led by Saudi Arabia's Public Investment Fund, raising concerns about future creative independence and corporate restructuring.
Businessman testifies before House committee regarding N400 million contract fraud
A businessman testifies before a House committee about losing N400 million to a fraudulent contract scheme involving an individual posing as a government official.
Frank Edoho Explains Reason for Cancellation of Who Wants to be a Millionaire
Frank Edoho explains that the cancellation of Who Wants to be a Millionaire was triggered by the withdrawal of its long-term sponsor following a massive federal fine.
UFC Freedom 250 White House Event Results in $30 Million Loss
UFC parent company TKO Group reported a $30 million loss from the White House Freedom 250 event, though overall quarterly revenue rose by 29%.
Delta State Launches $100 Million Fund to Boost Industrial Investment
Delta State has introduced a $100 million risk-mitigation fund to attract private investment, earning praise from Dr. Ngozi Okonjo-Iweala and Vice President Kashim Shettima, who envision the state as a future national economic powerhouse.
National Economic Council authorizes $4.5bn refinancing for Project Gazelle
The National Economic Council approved a $4.5 billion refinancing plan for Project Gazelle, while in Lagos, new fire and waste management equipment was deployed at the Trade Fair Complex.
Gianni Infantino Seeks Trump’s Assistance Amid FIFA Leadership Crisis
FIFA President Gianni Infantino reportedly reached out to the Trump administration for support after a $4.2 billion commercial rights deal failed, sparking intense scrutiny of his leadership.
Stanley Uzochukwu of Stanel Group Marks Erelu Kuti IV’s 80th Birthday
Stanel Group founder Dr. Stanley Uzochukwu pays tribute to HRH Erelu Abiola Dosumu, the Erelu Kuti IV of Lagos, on the occasion of her 80th birthday.