Business

An extremely rare original copy of the US constitution was sold Thursday for $43 million — a world record for a historical document at auction, Sotheby’s said.

It is one of only 11 known surviving copies of the US charter, signed on September 17, 1787, at Philadelphia’s Independence Hall by America’s founding fathers, including George Washington, Benjamin Franklin, and James Madison, and ratified the following year.

Read Also: Kenyan Court Blocks Constitutional Amendment Plans

The winning bidder was not immediately identified.

A group of cryptocurrency investors had raised $40 million to buy the document but failed to secure the document, …

The federal government of Nigeria has announced that Nigerians will be paid transport allowance after the removal of fuel subsidies which is expected to happen in June 2022.

The minister of finance, Zainab Ahmed made this known while speaking in an interview Channels Television which was monitored by Africa Daily News, New York, adding that fuel subsidy is costing Nigeria resources that should have been used for education and health.

She noted that it’s crucial for the country to exit from the fuel subsidy regime in 2023, stressing that the process of subsidising petrol is a ‘major drain and waste’ …

Tesla CEO Elon Musk has offloaded company shares worth $5 billion, days after setting off a Twitter poll — in which millions voted — asking whether he should sell 10 percent of his huge stake in the electric carmaker.

According to regulatory filings made public yesterday, the world’s richest man with a net worth of around $300 billion, sold 4.5 million shares this week.

However, they did not suggest the unconventional virtual referendum he issued on Saturday was behind the decision.

A batch of shares worth $1.1 billion were sold on Monday in a bid to settle tax obligations after …

With Central Bank of Nigeria (CBN) suspending Foreign Exchange (FX) supply to Bureau De Changes (BDCs), a total of six banks in nine months of 2021 generated ₦145.6billion income from trading in FX.

The six banks in prior nine months of 2020 had generated a total of ₦47.16billion from trading in the FX market.

The six banks are Sterling bank Plc, Union Bank of Nigeria Plc, Wema Bank Plc, Guaranty trust Holding Company Plc (GTCO), Access bank Plc and United Bank for Africa Plc (UBA).

Read Also: Reps Summon CBN, First Bank To Give Update On Recoveries

For instance, Sterling …

Pfizer again lifted its 2021 profit and revenue outlook on Tuesday, bolstered by the latest surge in Covid-19 vaccinations, including regulatory approvals for boosters and shots for younger populations.

The drugmaker now expects 2.3 billion dosage deliveries of the Covid-19 vaccine in 2021 for the shots jointly produced with Germany’s BioNTech, up 200 million from its previous forecast in July. That will bring total 2021 revenues for the vaccine to $36 billion, from $33.5 billion.

Pfizer said higher forecast 2021 results reflects the boost from the Covid-19 vaccine, as well as the performance of Pfizer’s broader business.

Read Also: Covid

Tesla shares sunk in early trading on Tuesday after founder Elon Musk cast doubt on a deal to supply Hertz with rental cars.

The Hertz announcement last week of an agreement for Tesla to supply the car rental firm with 100,000 of its electric autos helped push Musk’s company to a $1 trillion market valuation alongside tech titans like Amazon, Microsoft, Google and Apple.

Read Also: Why Tesla Will Not Accept Bitcoin – Musk

But Musk on Monday said no agreement had been finalised.

‘If any of this is based on Hertz, I’d like to emphasize that no contract has

The pump price of Automotive Gas Oil, also known as diesel, may rise further as the Major Oil Marketers Association of Nigeria says its landing cost has increased to ₦336.45 per litre.

The PUNCH had reported on October 7 that fuel marketers had increased the price of diesel, to ₦320 per litre as the further rise in global oil prices and naira depreciation pushed up the cost of importing fuel into the country.

Our correspondent observed on Thursday that the price of diesel had been increased to ₦325-₦330 per litre at several filling stations in Lagos from ₦303- ₦320 …

The Central Bank of Nigeria (CBN) has disclosed that it will not bear any liability for any interruption, loss of revenue, or loss of services arising from the use of the eNaira website.

Africa Daily News, New York gathered that this is coming just as the eNaira speed wallet disappeared from the Google Play Store on Wednesday after over 100,000 users had downloaded it.

The development came about 48 hours after the eNaira app was launched by President Muhammadu Buhari, at the State House, Abuja.

Vice President Yemi Osinbajo; the Governor of the CBN, Mr. Godwin Emefiele, and top officials …

The Central Bank of Nigeria (CBN) has urged Nigerians to be wary of fraudsters who have been posting fraudulent messages relating to the e-Naira launched recently.

Mr Osita Nwanisobi, Director, Corporate Communications, said in a statement posted on the bank’s website on Wednesday, that the bank was not disbursing eNaira currency to citizens as claimed by the fraudsters.

Nwanisobi said, ‘Following the formal launch of the eNaira on Monday, Oct. 25, the attention of the Central Bank of Nigeria has been drawn to criminal and illegal activities of some individuals and a fraudulent Twitter handle, @enaira_cbdc purported to belong to