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    Breaking: NNPC stations selling fuel above ₦500 in Port Harcourt and other cities

    Breaking: NNPC stations selling fuel above ₦500 in Port Harcourt and other cities

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    Senate Amends ICPC Act – Writers of false petitions to get two years jail term

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    Obi’s counsel tenders Tinubu’s drug-related document before Tribunal, calls first witness

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    Fubara retains four commissioners under Wike’s govt

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    Davido says his performance at Alex Otti’s inauguration was for free

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    Headline Inflation in Nigeria rose to 22.04% in March

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    Update: Central Bank of Nigeria instructs banks to close accounts related to Crypto

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    Russia Economy contracts by 2.1% in 2022, far below western predictions

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    Femi Otedola sales N820.67mn worth of Geregu Power Plc Shares

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    Breaking: NNPC releases statement on fuel price adjustment

    Breaking: NNPC releases statement on fuel price adjustment

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    Oando kicks-off test of electric vehicles for mass transportation in Lagos

    Seplat says ‘no official notification’ on Buhari’s reversal of approval for ExxonMobil deal

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    Caverton posts N566.05mn profit for Q1 2023

    Seplat Energy announces US3 cents interim dividend for Q1 2023

    Seplat Energy announces US3 cents interim dividend for Q1 2023

    Tengen Holdings acquires 220mn shares of Access Holdings Plc

    Tengen Holdings acquires 220mn shares of Access Holdings Plc

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    Tony Elumelu’s HH Capital Limited acquires millions of UBA shares

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    Breaking: NNPC stations selling fuel above ₦500 in Port Harcourt and other cities

    Breaking: NNPC stations selling fuel above ₦500 in Port Harcourt and other cities

    Senate Amends ICPC Act – Writers of false petitions to get two years jail term

    Senate Amends ICPC Act – Writers of false petitions to get two years jail term

    Obi’s counsel tenders Tinubu’s drug-related document before Tribunal, calls first witness

    Obi’s counsel tenders Tinubu’s drug-related document before Tribunal, calls first witness

    Fubara retains four commissioners under Wike’s govt

    Fubara retains four commissioners under Wike’s govt

    NNPC says no plan to increase petrol price in March

    Shettima, House of Reps, NNPCL back Tinubu’s removal of fuel subsidy

    FG agrees to pay $496 million as settlement claim for Ajaokuta Steel, others

    Court upholds FG’s ‘No Work No Pay’ policy in suit against ASUU

    Davido says his performance at Alex Otti’s inauguration was for free

    Davido says his performance at Alex Otti’s inauguration was for free

    BREAKING: Russia suspends participation in last remaining nuclear treaty with U.S.

    Ukraine strikes Moscow with eight drones, Russia confirms

    Filling Stations shutdown, hike fuel prices, queues return over subsidy

    Filling Stations shutdown, hike fuel prices, queues return over subsidy

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    Senate sits on Saturday, increases Ways and Means borrowing from 5% to 15%

    Senate sits on Saturday, increases Ways and Means borrowing from 5% to 15%

    Update: Central Bank of Nigeria instructs banks to close accounts related to Crypto

    BREAKING: CBN raises interest rate to 18.5% amid rising inflation

    JUST IN: Nigeria’s inflation rate hits 19.64% – highest since 2005.

    Inflation rate hits 22.22% in April, highest in 14 years

    Telcos kick as FG plan 12.5% call tax

    FG re-introduces 5% excise duty on telecom services in new fiscal policy

    Headline Inflation in Nigeria rose to 22.04% in March

    Headline Inflation in Nigeria rose to 22.04% in March

    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    Nigeria’s total debt rose to N46.25 trillion in 2022, 84.73% of bilateral debt owed to China

    Update: Central Bank of Nigeria instructs banks to close accounts related to Crypto

    CBN raises interest rate for the 6th consecutive time

    Russia Economy contracts by 2.1% in 2022, far below western predictions

    Russia Economy contracts by 2.1% in 2022, far below western predictions

    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    FG explains why Nigeria’s total debt will rise to N77 trillion by the end of May 2023

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    Local Bourse closed in Bullish Territory… As NGX-ASI at 0.31%

    The NGX- ASI gained 5.22% on bullish performance

    FY 2020: Unilever Nigeria Plc remains in loss despite revenue growth

    The NGX- ASI increased by 0.48% as Unilever gained 9.70%

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The NGX- ASI increased by 0.35% despite negative market sentiment

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The NGX- ASI Gained 0.31% as NB rose another 9.63%

    FY 2020: Nigerian Breweries Plc reports 54.3% decline in profit

    The NGX- ASI Increased By 0.36% as NB rises 9.97%

    Delisting of Access Bank Plc and listing of Access Holdings Plc

    The NGX- ASI declined by 0.09% as ACCESSCORP falls 3.32%,

    MTN Nigeria to pay over N200 billion final dividend for 2022

    List of Dividends announced in 2023, qualification and payment dates

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    Femi Otedola sales N820.67mn worth of Geregu Power Plc Shares

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The NGX ASI Closed Negative By 0.75% as BUA Cement loses 8.02%

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    Breaking: NNPC releases statement on fuel price adjustment

    Breaking: NNPC releases statement on fuel price adjustment

    Oando kicks-off test of electric vehicles for mass transportation in Lagos

    Oando kicks-off test of electric vehicles for mass transportation in Lagos

    Seplat says ‘no official notification’ on Buhari’s reversal of approval for ExxonMobil deal

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    Zenith Bank’s Board of Directors approve payment of final dividend for 2022

    Zenith Bank Directors acquired 17.78mn shares of the bank

    Caverton posts N566.05mn profit for Q1 2023

    Caverton posts N566.05mn profit for Q1 2023

    Seplat Energy announces US3 cents interim dividend for Q1 2023

    Seplat Energy announces US3 cents interim dividend for Q1 2023

    Tengen Holdings acquires 220mn shares of Access Holdings Plc

    Tengen Holdings acquires 220mn shares of Access Holdings Plc

    Tony Elumelu’s HH Capital Limited acquires millions of UBA shares

    Tony Elumelu’s HH Capital Limited acquires millions of UBA shares

    Acquisition: Court orders a meeting of Union Bank Plc shareholders

    Acquisition: Court orders a meeting of Union Bank Plc shareholders

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    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    North-West, South-West lead as INEC registers 96.2 million, Rivers overtakes Katsina

    ELECTION: How to check your polling unit, code online

    4 things to consider before buying a laptop

    4 things to consider before buying a laptop

    How to move to Canada by starting a business – Part 1

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Elon Musk revives $44 billion deal to buy Twitter

Wednesday, 5 October 2022, 12:36 pm
in News, World
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Twitter on Tuesday said that it plans to close a deal with billionaire Elon Musk to acquire the company.

Earlier in the day, Musk in a letter to the firm revived his proposal to buy the social media giant for his original offer of $54.20 per share, the price he offered months ago before trying to quit the deal.

Following the announcement, Twitter Inc shares surged 22.24% to close at $52.00 per share on Tuesday.

This comes as the Musk and Twitter have been gearing up for a legal showdown in the Delaware Court of Chancery beginning Oct. 17.

Recall that in April, Twitter accepted Musk’s $44 billion offer. However, in July Musk notified Twitter that he is ending the deal to buy the social media company, after claiming the company breached its obligations by misrepresenting the number of spam and fake accounts on the platform. Twitter maintains that spam and fake accounts make up less than 5% of its total users.

In response, Twitter filed a lawsuit against Musk, accusing Musk of refusing “to honor his obligations to Twitter and its stockholders because the deal he signed no longer serves his personal interests.”

Twitter seeks to force him to go through with the offer he made in April. Musk has since filed a countersuit.

Ifunanya Ikueze
Ifunanya Ikueze

Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.

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MTN Nigeria to pay over N200 billion final dividend for 2022

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Senate Amends ICPC Act – Writers of false petitions to get two years jail term

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