Business & Economy - Page 96

Mike Tyson has invested in the plant-based food sector. According to a press release, Carma HoldCo, the parent company of cannabis brand Tyson 2.0, has made an investment in Mr. Charlie’s Told Me So (TMS), a quick-service plant-based restaurant. Co-founded by Aaron Haxton and Taylor

Electricity distribution companies in Nigeria (DisCOS) have announced a  collection  of a total of N168.7 billion revenue in August,  achieving a collection efficiency rate of 80.91%, according to a report released by the Nigeria Electricity Regulatory Commission (NERC). According to the report,

Nigeria’s public debt surged to N134.3 trillion ($91.3 billion) in the second quarter of 2024, marking a 10.35% increase from N121.7 trillion ($91.5 billion) recorded in the first quarter, according to a report by Daily Query, which cited an exclusive document from

The Nigerian National Petroleum Company Limited (NNPCL) has officially commenced efforts to settle its $6 billion debt, according to Wale Edun, Nigeria’s Minister of Finance and Coordinating Minister for the Economy. Edun made the announcement during a meeting with investors in

The International Monetary Fund (IMF) has said that  global growth is projected to remain unchanged at 3.2 per cent in 2024 and 2025, as Inflation recedes. This is according to the IMF’s latest World Economic Outlook (WEO) Update Report for October 2024

The Enugu Electricity Distributio Company (EEDC), yesterday (Tuesday, October 22) ended its regulatory operations in Enugu State as the Enugu State Electricity Regulatory Commission (EERC) took over as the body to now regulate electricity in the State. The News Agency of Nigeria

President of the Leadership and Governance in Canada, Mr. Sam Adewale, has said the third Canada-Nigeria Business Investment Summit has showcased the commitment of both nations to strengthening their economic ties. Adewale said the summit showcased the innovative Canadian and Nigerian

By Rukayat Adeyemi The Nigerian stock market kicked off the week on a positive note, supported by gains in Seplat Energy following the Federal Government’s approval of its acquisition of ExxonMobil’s onshore assets. The deal, valued at $1.28 billion, added a significant

The Federal Government has given the green light for the sale of ExxonMobil’s onshore assets to SEPLAT Energy, over two years after the $1.28 billion deal was initially struck. Gbenga Komolafe, the CEO of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC),