…finance facility through a ‌new $4.5 billion arrangement. According to a report by Bloomberg quoting Presidency source, the facility is aimed at strengthening the country’s external reserves and freeing up funds for infrastructure. The new facility dubbed “Project Gazelle 2”, will refinance approximately $1.5 billion o…

…the rankings are based on publicly available data from sources including Forbes and the Bloomberg Billionaires Index.Members of Dubai's ruling family are excluded because their wealth is not independently verified in the same way as private business fortunes and is generally considered separate from private wealth rank…

…– N1,295NNPC adjusts petrol prices nationwide following fresh market review. Photo: BloombergImagesSokoto – N1,282Taraba – N1,300Yobe – N1,340Zamfara – N1,370Dangote resume free petrol loadingEarlier, Legit.ng reported that Dangote Petroleum Refinery has opened the sale of PMS, also known as petrol, to all licensed mar…

…to qualify for Jamaican citizenship. Images for illustration purposes only. Photo images/Bloomberg/Alex KuznetsovImagesDocuments required for Jamaican citizenshipThe Jamaican government has made the following documents compulsory for foreigners seeking citizenship:PAY ATTENTION: From breaking news to viral moments. Fol…

…SuperSport Blitz WWE ChannelNews and commerce channelsAl JazeeraArise NewsBBC World NewsBloomberg Television CGTN NewsCNBC AfricaCNC WorldCNN InternationalEuroNewsJoy NewsNTA parliamentSky NewsTVC News Nigeria Kids and teens channelsBoomerangCartoon NetworkCBeebiesDa Vinci LearningDisney ChannelDisney Channel XDDisney…

…revenues and profitability.Dangote Cement grew half-year profit to N640.2 billion Photo: BloombergImagesDangote Cement Leads on Scale and ProfitLegit.ng analysis showed that Dangote Cement remained the sector's largest earner, with profit attributable to shareholders rising 24.3% to N640.2 billion, up from N520.5 billi…

…as Dangote Refinery advances plans for its highly anticipated public listing. Photo: BloombergImagesHe added that the commission does not foresee any delays that could disrupt the planned share sale.Agama told BusinessDay:PAY ATTENTION: From breaking news to viral moments. Follow Legit.ng on Instagram!"If any issue ari…

…A new scholarship programme is giving young Nigerians access to tech education Photo: Bloomberg>The scholarship can be used to study any eligible diploma programme offered by AltSchool Africa.From breaking news to viral moments. Follow Legit.ng on Instagram.Speaking about

…FaZe Adapt, Stable Ronaldo, Jason Nguyen, Nick Fosco, and Jerry Woo.According to Bloomberg, contract disputes were at the heart of the exodus. Creators clashed with HardScope, a talent management company backed by Matt Kalish.FaZe Clan content creators. Photo: @fazeclan (modified by author)>Following FaZe's acquisition…

…can now apply for FG phone and laptop loans, see eligibility requirements Photo: BloombergImagesThe Nigerian Consumer Credit Corporation (CREDICORP) is implementing the scheme alongside the Federal Ministry of Communications, Innovation and Digital Economy, with the dual aim of widening access to digital devices and su…

…Warri and Calabar.Petrol now sells between N1,100 and N1,230 per litre nationwide Photo: BloombergImagesNew petrol pricesA market survey by Petroluemprice.ng showed that motorists are now paying between N1,100 and N1,230 per litre for petrol, depending on the location.From breaking news to viral moments. Follow Legit.n…

…to the decline.Cooking gas retailers cut prices as wholesale LPG costs ease Photo: BloombergImagesThe decline in retail prices comes as major LPG depots adjusted their ex-depot rates, reducing acquisition costs for marketers.From breaking news to viral moments. Follow Legit.ng on Instagram.On Friday, July 17, data obta…

…has warned authorised dealer banks against imposing exclusive arrangements Photo: BloombergImagesThe regulator also moved against anti-competitive practices by authorised dealer banks, prohibiting exclusivity arrangements, referral fees, and any other conditions that could restrict a BDC's right to freely choose its co…

…southern route. Trump equally insisted that the strait remained open, as reported by Bloomberg. “We bombed the hell out of them last night,” he said. “They’re very, very evil and sick people.” Nonetheless, the United States president has ordered fresh strikes, targeting Tehran’s ability to attack commercial vessels aft…

…for a possible upgrade from a Standalone Market to a Frontier Market.The move comes as Bloomberg also ranked Nigeria's stock market as the world's best-performing equity market in dollar terms this year, ahead of South Korea.According to S&P DJI, Nigeria's inclusion on the watchlist reflects "improvements in the countr…

…in the country's regulatory environment and market integrity. This is even as Bloomberg ranked Nigerian stock market as the world' best performing stocks, overtaking that of South Korea. The decision, announced in S&P DJI's annual Country Classification Watchlist, positions Nigeria among markets under formal review for…

…countries, reducing East Africa's dependence on imported fuels. The development comes as Bloomberg reported on Tuesday that President of the Dangote Group, Aliko Dangote, plans to build the refinery at an estimated cost of up to $17bn as part of efforts to expand his refining empire into East Africa. Citing a spokesman…

…2023. In Uganda, the conversations started after meeting the Diacente Group at the Qatar Bloomberg Economic Forum. The guys at Diacente were developing infrastructure projects in areas that traditionally struggle to attract capital, including solar plants, mining operations, refineries, and AI data centres. Uganda's sp…

…video game company Ubisoft, died Friday at the age of 69. According to French media (via Bloomberg), Guillemot died in a plane crash in the French resort town of La Baule. He was one of two people aboard the plane, both of whom died. Guillemot founded Ubisoft with his four brothers in 1986. Since then, the company has…

…not sentient interlocutors." Whittaker made those comments in a broader interview with Bloomberg about policy, privacy, and Signal. She acknowledged that she uses AI tools "to format a document here and there," but insisted, "I don't ask them questions. I'm very serious about my thinking and writing, and I don't want t…

…place, and I'll still be excited to hear about what amazing things they discover next." Bloomberg reports that Jumper was a key member of Google's team developing coding tools, which the company has struggled to sell to businesses. Character AI co-founder Noam Shazeer also announced this week that he's leaving DeepMind…

…Samsung is stepping into a space Meta already owns. Samsung also beat Apple to market. Bloomberg’s Mark Gurman reported that Apple’s first smart glasses, known internally as N50, have slipped from a late 2026 introduction to a late 2027 launch. Apple is reportedly working through challenges with its visual AI and Siri,…

…pay cheques for the top players.According to financial information and media firm Bloomberg, Cristiano Ronaldo has a decade-long deal with Nike worth almost $18m a year.Pick your favourite World Cup kits Published22 AprilCan anything top the World Cup?"The Fifa World Cup is the biggest sporting event on the planet so i…

…electricity rates are up as much as 267% compared with five years ago, according to Bloomberg. FERC was prodded to take on the issue by Secretary of Energy Chris Wright, who in October said delays in data center grid connections had threatened to undermine U.S. competitiveness in AI. Since then, public sentiment toward…

…to Nvidia's AI chip dominance we've seen so far. Amazon's AI chief Peter DeSantis told Bloomberg that AWS is in talks to sell its AI chip Trainium to other companies for use in data centers. DeSantis declined to specify which companies could be the buyers of these chips. Such talk about selling chips is in the early st…