Tag Archives: Business Gist

Chinese tech giant Bitmain announced that they’re releasing an Ethash ASIC miner, in accordance with a tweet April 3. In the tweet, Bitmain says that the Antminer E3 would be the “world’s most effective and efficient EtHash ASIC miner.” The ...

– The House of Representatives has passed a bill for the withdrawal of $1 billion (N360bn) from the excess crude account for the completion of the Ajaokuta steel mill project – The steel plant was also removed from the list ...

The House of Representatives on Friday urged Kayode Fayemi, Minister of Mines and Steel and all concerned Nigerians to channel all their submissions to the Adhoc Committee on Ajaokuta Steel company Limited. Abdulrazak Namdas, Chairman, House Committee on Media and ...

What is Initial Coin Offering (ICO)? An unregulated means where funds are raised for a fresh cryptocurrency venture. An Initial Coin Offering (ICO) is utilized by startups to bypass the rigorous and regulated capital-raising process required by venture capitalists or ...

Richest Saudi Prince Says Bitcoin Will Collapse Like Enron. In the land of countless princes and billionaires, prince Alwaleed bin Talal may be the richest of them. He’s the grandson of the founder of Saudi Arabia, King Abdulaziz Alsaud. Based ...

1.FOLORUNSHO ALAKIJA Industry; Oil,Fashion Top of the league of successful women in Nigeria is the 65- year old Lagos born business baroness. The mother of 4 is Nigeria’s richest woman with an estimated worth of $1.6 billion. Mrs. Alakija, a ...

The announcement by the Acting President, Prof. Yemi Osinbajo, at the recently held Nigeria Mining Summit in Abuja, that the federal Government is working towards new mining sector fund of $600 million to be raised via Nigeria Sovereign Investment Authority ...

AMCON has taken over Gateway Portland Cement. Asset Management Corporation of Nigeria (AMCON) has taken over Gateway Portland Cement Limited. This followed an injunction which the federal high court, Abeokuta, granted against the company on Friday.    Charles Adeogun-Phillips, AMCON’s ...

How To Send Money From Nigeria To Another Country — Check out Means To Tranfer Money From Nigeria To Other Countries In The World Sending money from another country to Nigeria is a lot more easier than sending money from ...

Telecoms operator Etisalat Nigeria has officially changed the company’s corporate identity to 9mobile. This comes after the company’s largest shareholder, emirates Telecommunications Corporation, directed Etisalat Nigeria to stop using its brand name within the next three weeks, after terminating management ...