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The Nigerian government has approved $100 million for class A shares in the newly proposed Africa Energy BankPresident Bola approved the fund to give Nigeria a fighting chance to host the $5 billion bank to be launched in JulyInspection teams from Afrexim Bank and the African Petroleum Producers Organisation finalized their tour of NigeriaLegit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment, and the economy for over a decade.

Three companies in Edo State, Dufil Prima Foods, Edo Refinery, and Don Mac Limited, have obtained pioneer status incentives Last year, the Edo Modular Refinery began production at its 6,000bpd plant in Ologbo, Ikpoba Okha local government With its feedstock, the plant can generate 20% of Low Pour Fuel Oil (LPFO), 25% of naphtha and 50% of dieselLegit.ng journalist Zainab Iwayemi has over three years of experience covering the Economy, Technology, and Capital Market.

Emmanuel Iwuanyanwu, the Ohanaeze Ndigbo president-general, has washed clean the Igbo from the 1966 bloody military coup that was led by Chukwuma Nzeogwu and Emmanuel IfeajunaIwuanyanwu stated that it was Johnson Aguiyi-Ironsi, another Igbo from Umuahia, that mobilised forces to stop the deadly coupMultiple sources reported that the brutal coup carried out by Nzeogwu and Ifeajuna toppled Nigeria's democracy in its 6th year and produced an Igbo as the first military head of state who did not hand over power to a democratic government until he was assassinatedChief Emmanuel Iwuanyanwu, the president-general of the Ohanaeze Ndigbo, has claimed that the Igbo had no hand in the brutal 1966 coup led by Chukwuma Kaduna Nzeogwu and Emmanuel Ifeajuna, according to several reports.

One of Pablo Picasso's masterpieces, "Woman with a Watch," was sold at auction Wednesday night for $139.3 million by Sotheby's in New York, the second-highest price ever achieved for the artist. The 1932 painting depicts one of the Spanish artist's companions and muses, the French painter Marie-Therese Walter, and had been valued at over $120 million before going on the block, according to Sotheby's. The painting is part of Sotheby's special sale this week of the collection of the wealthy New York patron of the arts Emily Fisher Landau, who died this year at the age of 102.