Brands & PeopleEnergy

Billionaire Mike Adenuga to receive $3.1 million in dividends from Nigerian oil company

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April 11, 2022
Mike Adenuga, a Nigerian billionaire and telecom tycoon, is set to receive a N1.29-billion ($3.1 million) dividend from his stake in Conoil Plc after the petroleum marketing company reported a triple-digit percent increase in earnings. Adenuga, the founder of Nigeria’s second-largest telecom services provider, Globacom Limited, owns 74.4 percent of Conoil through one of his companies, Conpetro…
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Technology

Tesla CEO Elon Musk acquires 9.2% stake in Twitter

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April 4, 2022
Tesla CEO Elon Musk has acquired a 9.2 per cent stake in Twitter, making him its largest shareholder. Mr Musk owns 73,486,938 shares of Twitter, which represents a 9.2 per cent stake in the company, according to the US Securities and Exchange Commission (SEC)13G…
10 BrandsBlockchain

Nestcoin Raises $6.45M In Pre-Seed Capital

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February 6, 2022
Nestcoin, a global web3 startup, has raised $6.45 million in pre-seed capital, according to a press release. The Nigeria-based company aims to make crypto accessible primarily in frontier markets and their new funding will go toward their mission. Pre-Seed…