Business

Billionaire businessman, Femi Otedola, has revealed that his offer to buy Nigerian conglomerate, Transnational Corporation Plc, for N250bn was rejected. This came to light on Tuesday in a statement he issued to TheCable, weeks after the businessman acquired stakes in Transcorp and sold the shares. He revealed that he had …

MTN Nigeria has agreed to a N4.25 billion spectrum deal with Natcom Development and Investment Limited (NTEL). Details of the deal showed MTN paid N4.25 billion to lease NTEL’s 5MHz Frequency Division Duplex (FDD) in the 900MHz spectrum band and 10MHz FDD in the 1800MHz spectrum band covering 19 states. …

The owner of the Dangote Refinery, Mr. Aliko Dangote, has said the his new refinery under construction in Lagos, could save up to $10 billion in foreign exchange (FX) and generate another $10 billion in exports when the facility begins operation. Dangote said this during an interview with a London-based …

The inauguration programme of the President-Elect, Asiwaju Bola Tinubu will hold for seven days starting from May 29. This is coming as he announced the appointment of Presidential Inauguration Committee members. The 14-man list comprises eminent Nigerians are saddled with the responsibility to plan the week-long event that would usher …