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Pastor runs away after torturing 15-year old boy

A 40-year old Pastor, Femi Adeniji, is on the run after he had tortured his cousin, a 15-year old Sunday Adeniji, injuring the minor on thigh and leg with hot iron.

Airtel Africa to boost Nigerian equities with N1.4 trillion

Airtel Africa Plc is set to become the third most capitalized quoted company on the Nigerian stock market as the telecommunications company concludes arrangements to list its shares on the Nigerian Stock Exchange (NSE). Nigeria alone accounts for 36% of its total revenue.

Airtel Africa receives pre-IPO interest worth $200 million – bookrunner

One of the bookrunners handling Airtel Africa Ltd.’s planned initial public offering on the London Stock Exchange said on Monday it had received indications of interest worth about $200 million from pre-IPO investors.

Airtel Africa expects London IPO to be priced between 80-100 pence share

Airtel Africa Ltd, a unit of India’s Bharti Airtel Ltd, on Monday set a price range of 80 to 100 pence per share for its planned initial public offering on the London Stock Exchange.
Uber and Uber Eats

Uber loses $1 billion in Q1 2019 as costs grow for drivers, food delivery

Uber Technologies reported a $1 billion loss on Thursday as the ride-hailing service spendt heavily to build up its food delivery and freight businesses, sending revenues up 20% in its first quarterly report as a public company.
A lawyer walks through the compound at the Federal High Court in Ikoyi district in Lagos, Nigeria, May 8, 2018. REUTERS/Akintunde Akinleye

Court orders immediate release of driver remanded for six years without trial

A Federal High Court, sitting in Ikoyi-Lagos, on Monday, ordered the immediate release of a driver, Jones Ofori, also known as James Ofori, who has been in prison custody since 2013 without trial.

Uber’s $82 billion valuation underwhelms in most anticipated IPO since Facebook

Uber priced its initial public offering on Thursday at the low end of its targeted range for a valuation of $82.4 billion, hoping its conservative approach will spare it the trading plunge suffered by rival Lyft.

Uber set to list stocks at $45 per share amidst drivers’ protests

Uber is set for its Wall Street debut Friday with a massive share offering that is a milestone for the ride-hailing industry and the so-called “sharing economy,” but which comes with simmering concerns about its business model.

Uber’s IPO could raise $10 billion at an $84 billion valuation

Uber has revealed that it’s seeking to generate between $9 billion and $10 billion at its upcoming initial public offering (IPO) through selling 207 million shares — 180 million of which are common stock. An updated SEC filing reveals that the ride-hailing giant is pursuing an IPO price range of between $44 and $50.

PayPal plans $500 million Uber investment

Online payments company PayPal plans to invest $500 million in Uber Technologies Inc as the ride-hailing firm readies to unveil terms for its initial public offering on Friday, Refinitiv IFR reported.
SAN FRANCISCO, CALIFORNIA – APRIL 09: A pedestrian walks by the Pinterest headquarters on April 09, 2019 in San Francisco, California. Social sharing site Pinterest is preparing for its initial public offering (IPO) and is planning to offer 75 million shares with a listing price of $15 to $17 per share. Justin Sullivan/Getty Images/AFP

Pinterest prices IPO at $19 to begin trading Thursday

Pinterest on Wednesday announced it would price its initial public offering at $19 a share to begin trading on Wall Street the following day.
Jumia NYSE

Jumia becomes first African start-up to list on New York Stock Exchange

Jumia Technologies, a pan-African technology company, has listed on the New York Stock Exchange (NYSE), becoming the first-ever technology company from Africa to list on the world’s largest stock exchange.

Uber seeks $10 billion IPO, scales back value target

Uber is seeking to raise some $10 billion in what would be the largest stock offering of the year, with details coming this week, the Wall Street Journal reported Wednesday.
bitcoin

China to ban bitcoin mining

China’s state planner wants to ban bitcoin mining in the country, according to a draft list of industrial activities the agency is seeking to stop in a sign of growing government pressure on the cryptocurrency sector.

Medical doctor confirms girl’s defilement by cleric

A medical doctor, Dr Alagbe Oyedeji, on Wednesday told an Ikeja Domestic Violence and Sexual Offences Court that his findings revealed that the 10-year-old girl was defiled.
Grindr

US pushes Chinese owner of Grindr to divest the dating app

Chinese gaming company Beijing Kunlun Tech Co is seeking to sell Grindr, the popular gay dating app it has owned since 2016, after a U.S. government national security panel raised concerns about its ownership, according to people familiar with the matter.

Court sentences driver to death for murder

An Ado-Ekiti High Court on Tuesday sentenced a 40-year-old driver, Ajibola Abednego, to death by hanging for the murder of a fellow driver.

Uber confirms it’s acquiring Middle East rival Careem for $3.1 billion

Uber has confirmed rumors that it’s building out its presence in the Middle East, Africa, and Asia by acquiring Dubai-based ride-hailing service Careem.

Recent Stories

The Buhari Media Organisation (BMO) has advised former Vice President Atiku Abubakar and the Peoples’ Democratic Party (PDP) presidential candidate in the Feb. 23 election to come to terms with his loss at the election.

Tribunal: Witness faults results of presidential election claimed by Atiku Ababakar, PDP

A witness invited by the petitioners before the Presidential Election Petition Tribunal (PEPT) has disagreed with the results of the last presidential election in Katsina State as claimed by the Peoples Democratic Party (PDP) and its candidate in the last presidential election, Atiku Abubakar.
Barcelona have agreed to sell left-back Marc Cucurella to Getafe just a day after they brought him back from Eibar.

Barcelona sell Marc Cucurella to Getafe just hours after re-signing him from Eibar

Barcelona have agreed to sell left-back Marc Cucurella to Getafe just a day after they brought him back from Eibar.
Nasir El-Rufai

Governor El-Rufai seeks assembly’s approval of N81.68 billion supplementary budget

The Kaduna State House of Assembly has began deliberations on the N81.68 billion supplementary budget forwarded to it by Gov. Nasiru El-Rufai.

Operation Lafiya Dole gets new commander as Naf redeploys senior officers in fresh shakeup

The Nigerian Air Force (NAF) has appointed new Branch Chiefs, redeployed two Air Officers Commanding (AOCs) and other senior officers.

Joaquin ‘El Chapo’ Guzman sentenced to life in prison

The Mexican drug kingpin Joaquin “El Chapo” Guzman has been sentenced to life behind bars in a U.S. prison, a humbling end for a drug lord once notorious for his ability to kill, bribe or tunnel his way out of trouble.