Business

Yahoo Groups to shut down from December 15th

Facing a steady decline in usage over the last several years, Yahoo has made the decision to shut down Yahoo Groups from on December 15. Verizon, which bought Yahoo in 2017, announced the decision on Tuesday which marks the end of the road for one of the largest message board systems on the Web of its time.r that same period, ...

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Nigeria lady who sells hair says there’s no reason why any hair should cost as much as 800k

                                          According to twitter user @bibilomo__, who sells hair, hair sellers have no reason to sell hair to us at exorbitant prices.   She says there’s no reason for any hair to be 800K, while in her comment section, someone notified her of a wig which was going to be sold to her for almost one million naira.                                        ...

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Manchester United sign former PSG striker Cavani

  Manchester United have completed the signing of former Paris-Saint Germain striker Edinson Cavani. The 33-year-old has signed an initial one-year contract with the option of a further 12 months. He is set to earn €11 million (£10m/$13m) per season at Old Trafford, with a potential further €2m in performance-related add-ons, and a €4m signing-on bonus. “Manchester United is one ...

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BMW fined US$18 million for inflating monthly US sales figures

German automaker BMW has been slammed with an $18 million fine for allegedly inflating its sales figures while raising billions of dollars from investors.   The Munich-based company’s North American unit inflated US sales numbers from 2015 to 2019 to close the gap between its actual performance and internal targets, the Securities and Exchange Commission said. The scheme involved a ...

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Facebook opens new office in Lagos

                                                  Facebook on Friday said it would be opening an office in Lagos, Nigeria, as part of its continued commitment and ongoing investment in Africa.   In a statement made available to newsmen in Lagos, said ...

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$6 plastic crown worn by Notorious B.I.G in his last photoshoot sells for $594,750 at auction

            The plastic crown worn by Christopher “Notorious B.I.G.” Wallace in his last photo shoot sold for $594,750 (including Sotheby’s “buyer’s premium” fees and taxes) during an auction Tuesday night –despite its original $6 price tag.   At the auction house’s first hip-hop memorabilia auction, the crown’s original purchaser said he didn’t buy the it for its gold content and ...

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One of world’s rarest diamonds might fetch $30m as it goes on auction next month [photos]

                                                    One of the world’s rarest diamonds, about the size of an egg or a large lollipop, is going up for auction next month and is expected to fetch $12 million to $30 million.  Sotheby’s said that the 102.39-carat diamond, a flawless white sparkler, was the second-largest oval diamond of its kind to be offered at ...

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TikTok USA rejects Microsoft offer

                                          Microsoft said on Sunday it was informed by Bytedance that it would not be selling U.S. operations of TikTok to it.   “We are confident our proposal would have been good for TikTok’s users, while protecting national security interests,” Microsoft said in a statement. Trump Microsoft said on Sunday it was informed by Bytedance that it would not be ...

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US to block key exports from China’s Xinjiang region

The US is to block key exports from China’s Xinjiang region due to allegations that they are produced using forced labour.   The proposed bans include cotton and tomato products which are two of China’s major commodity exports. The Trump administration has been ratcheting up pressure on China for its treatment of Xinjiang’s Uighur Muslims. In recent years China has ...

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Jeff Bezos’ ex-wife MacKenzie becomes the world’s richest woman

Jeff Bezos’ ex-wife MacKenzie Scott has become the world’s richest woman after Amazon shares surged amid coronavirus lockdowns.   Scott, who owns a 4 percent stake in the ecommerce giant, has added another $30.3 billion to her bank balance in the last year, taking her net worth to a staggering $67.4 billion, according to Bloomberg Billionaires Index. The boost comes ...

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Chelsea complete £50m Ben Chilwell signing from Leicester City

  Chelsea have completed the signing of Ben Chilwell from Leicester City in a deal worth £50 million ($66m), the club confirmed on Wednesday. The left-back has signed a five-year contract with Frank Lampard’s team after they reached an agreement with the Foxes this week. “I am delighted to be joining Chelsea at this very exciting time for the club,” Chilwell told the club’s ...

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US Billionaire, Dan Friedkin Buys Roma Football Club For $700m

Roma on Thursday announced a change of ownership, with US billionaire Dan Friedkin buying the Serie A club for $700 million. Friedkin, 54, takes over the Italian side from American businessman James Pallotta, 62. “AS Roma can confirm that an agreement has tonight been reached between AS Roma SPV, LLC, the majority shareholder of AS Roma S.p.A, and The Friedkin ...

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Tanzanian miner and father of 30 who became an overnight millionaire after digging rare mineral worth £2.4m finds another one worth £1.5m

A Tanzanian miner and father-of-30 who became an overnight millionaire by digging up huge gemstones worth £2.4million has found and sold another piece worth £1.5million. Saniniu Laizer made the sale at a trading event attended by hundreds after discovering the 6.3kg Tanzanite stone. It follows the small-scale miner, finding two other chunks of the gemstone last month in one of ...

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Petrol to sell N150 per litre as marketers seek hike

Following increase in the prices of crude oil, marketers are pushing for the upward review of the Premium Motor Spirit (PMS) petrol N150 per litre for the month of August. The Petroleum Products Pricing Regulatory Agency (PPPRA ) last month announced increase of the product to a band of N140.80 to N143.80 per litre. It was the first time the ...

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Davido’s cousin says it took him 10 years to become a graduate

Tunji Adeleke, the cousin of DMW boss Davido, has shared his experience and how he struggled  for a decade  before finally becoming a university graduate. He is currently feeling graceful as he’s achieved the feat of graduating from the university. Sharing photos with his graduation gown on his Instagram page, Tunji Adele revealed that the degree took him 10 years ...

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Money Man! Jeff Bezos adds record $13 billion to his wealth in just 24-hours

Jeff Bezos added $13 billion to his net worth on Monday, the largest single-day jump for an individual since the Bloomberg Billionaires Index was created in 2012. Amazon.com Inc. shares surged 7.9%, the most since December 2018 on rising optimism about web shopping trends, and are now up 73% this year. Bezos, Amazon’s 56-year-old founder and the world’s richest person, ...

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Watch once owned by King George III sells for £1.6million

A rare and revolutionary Breguet watch which belonged to King George III has sold for £1.6million at auction. The gold Tourbillon watch represented cutting-edge technology in the early 19th century and was made by the French watchmaking ‘genius’ Abraham-Louis Breguet. It went for more than half a million over its £1million top estimate after a four-way bidding war between those ...

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