PayPal Holdings Inc has offered to buy digital pinboard site Pinterest Inc for $45bn, people familiar with the matter said, a combination that could herald more tie-ups between financial technology and social media companies in e-commerce. The deal talks revealed on Wednesday come as internet shoppers increasingly buy items they see on social media, often…
Sterling Bank Plc has blazed the trail as the first African corporate organisation to power its headquarters with the Building Integrated Photovoltaic (BIPV) energy technology as its primary source of energy. Group Head, Energy, Sterling Bank, Dele Fasemo who disclosed this in a statement issued by the bank recently, said the major milestone is a…
Fidelity Bank Plc has said it is considering raising $500m from the international debt capital market through the issuance of unsecured notes. A statement by its Company Secretary, Ezinwa Unuigboje, said the company intended to list the notes on the Irish Stock Exchange, adding that the proceeds would be used for general corporate purposes, including…
The Nigerian National Petroleum Corporation has said it spent a total of N32.56bn on pipeline security and maintenance from February to July this year. The NNPC spent N5.81bn on pipeline security and management in February; N5.32bn in March; N2.64bn in April; N5.26bn in May; N6.17bn in June, and N7.35bn in July. A total of 261…
Trust Africa News, By Ayomide Otitoju Oyo State Governor, ‘Seyi Makinde, on Tuesday, said that his government will access 1.68 per cent Development of Natural Resources Fund (DNRF), with the aim of revamping, revitalizing and repositioning the state’s economy. He added that it would help his administration to do more in developing the state. A…
Top experts have offered valuable tips to organisations and businesses on survival and scale under the current harsh economic environment that has seen some companies close shop. Foremost economists and analysts including, former Director-General, Lagos Chamber of Commerce and Industry (LCCI), Dr. Muda Yusuf; Managing Consultant, B. Adedipe Associates Limited, Dr. Biodun Adedipe and Dr….
The Federal Government on Sunday granted environmental approval for evaluation and open cultivation of TELA Maize in the country.This is contained in a statement by Mr Alex Abutu, Communication Officer of African Agricultural Technology Foundation, (AATF), West and Central Africa, in Abuja.Abutu explained that TELA maize is a variety developed by researchers at the Institute…
The Corporate Affairs Commission says the Nigerian National Petroleum Company Limited had made history for being the company with the highest share capital in the country. The Registrar General, Corporate Affairs Commission, Garba Abubakar, revealed this on Friday, in Abuja, while presenting the Certificate of Incorporation of the Company to the President, Major General Muhammadu…
Mr Mustapha Haruna, Director, Banking Supervision Department, CBN, has said that the apex bank would continue to monitor FinTech companies in Nigeria, as an important sector in its operations. Haruna, represented by Adekunle Adeniji, Assistant Director in the department, stated this at the end of the 31st Finance Correspondents and Business Editors seminar on Thursday,…
