INTERNATIONAL

FG Continues $3.5bn Eni/Shell Suit, Italy Drops Charges

Nigeria will continue its $3.5bn civil claim against Shell Plc and Eni SpA after Italian prosecutors dropped criminal proceedings against the companies, a lawyer representing Africa’s largest crude producer said. Bloomberg reported on Tuesday that the West African country, which joined the case…

20/07/2022

Nigerian Passport Moves Up Three Places In Global Ranking

Nigeria has moved up three places as its passport is ranked 100th out of 116 countries, but it is still among the least powerful in Africa, the latest 2022 Henley Passport Index shows. The index, published by Henley & Partners, a London-based global…

20/07/2022

Badenoch Knocked Out In 4th Round In Contest For British PM

Penny Mordaunt and Liz Truss are locked in a tight race for a chance to become prime minister, alongside Rishi Sunak, as polling seen by the Guardian suggests Labour could beat any of the three at a general election. The former levelling up…

20/07/2022

Twitter Claims Musk Is ‘Slow-Walking’ Trial Over $44 Billion Deal

Elon Musk and Twitter continued sparring on Monday, with the social media company slamming the Tesla CEO’s request for a slower trial schedule. Musk is trying to terminate a deal he previously made to buy Twitter and take it private for $54.20…

19/07/2022

Two Nigerian-Born American Businessmen Jailed Over $160m ‘Controversial’ Remittances To Nigeria

The Founders of Texas-based fintech firm Ping Express US LLC, Anslem Oshionebo and Opeyemi Odeyale, have pleaded guilty for failing to combat money laundering on their platform. A statement by the US Department of Justice, which was seen by Business Insider Africa, explained…

19/07/2022

Biden Appoints New U.S. Ambassador To Nigeria

President Joe Biden has nominated Richard Mills, Jr, as the United States Ambassador To Nigeria. This was announced in a statement by White House. The statement said Richard Mills, Jr is to serve among his key leaders in his administration. He replaces Mary Beth…

19/07/2022

US SEC Steps Up Scrutiny Over Musk Comments On $44 Bln Twitter Deal

The U.S. securities regulator quizzed Elon Musk last month over a tweet in which the world’s richest person raised doubts over whether he would move ahead with his $44 billion acquisition of Twitter Inc (TWTR.N) due to concerns over the number of…

15/07/2022

Pope Appoints Women As Members Of Bishops’ Advisory Committee, First Time Ever

Pope Francis has named three women, two nuns and a lay woman, to a previously all-male committee that advises him in selecting the world’s bishops, the Vatican said on Wednesday. He had disclosed the decision in an exclusive interview with Reuters earlier this…

14/07/2022

Heathrow Asks Airlines To Stop Selling Summer Tickets, Limits Daily Passengers To 100,000

Heathrow Airport is asking airlines to stop selling any more tickets for travel this summer, as it announces a cap on passengers allowed to fly from the airport. The London airport would limit passengers to 100,000 a day until September 11, as it…

13/07/2022

Twitter Sues Musk After He Tries Backing Out Of $44 Billion Deal

Twitter has sued Elon Musk to compel him to buy the social media company for $44 billion – a deal the world’s richest person said last week he was calling off. The lawsuit, filed in Delaware’s Court of Chancery on Tuesday, accuses Musk…

13/07/2022