Business

  Elon Musk, the world’s richest person is estimated to have a net worth of $242 billion, according to the Bloomberg Billionaires Index. Although he is already the world’s richest person, he could also become the first member of the ...

Facebook Inc (FB.O), under fire from regulators and lawmakers over its business practices, is planning to rebrand itself with a new name that focuses on the metaverse, the Verge reports.   The name change will be announced next week, The ...

Netflix’s biggest original series Squid Game is estimated to be worth almost $US900 million ($A1.2 billion) for the streaming giant, Bloomberg News reports, citing figures from an internal Netflix document. The nine-episode thriller, in which cash-strapped contestants play childhood games ...

  Piggyvest Bamise ImagineLenders scam allegation: Report claiming Piggyvest lost N2billion in an alleged Bamise ImagineLenders scam trending on Instagram has been described as completely false and unfounded by Piggyvest. Piggyvest Bamise ImagineLenders scam allegation: Piggyvest says report is false and ...

  A retailer on Felicia Oke Street in the Olowora area of Lagos State, Olabisi Opeyemi, is smarting from the loss inflicted on her by a suspected thief who disguised as a customer to steal two bags of rice from ...

Aphrodisiac dealer, Jaruma has said thousands of destinies will be stolen via Kayamata products becuase of the new iphone 13. This is comes as the new iPhone 13 is estimated to cost over a million naira. According to Jaruma in ...

After Chris Oyakhilome of Christ Embassy and the late Temitope Joshua, the founder of Synagogue Church of All Nations, David Oyedepo, the founder and general overseer of Living Faith Church Worldwide, is the latest Nigerian mega-preacher found to have set ...

  While some celebrities find it difficult to share stories about their failures, others see it as a way to inspire their fans. In light of this, ace comedian and actor, Ayo Makun- AY Comedian, has opened up about his ...

Marketers of Liquefied Petroleum Gas, well known as cooking gas, on Saturday, expressed worry over the supply shortage leading to persistent increase in the price of the commodity. They warned that 12.5kg of cooking gas currently selling between N7,500 and ...

  Justin Bieber, Canadian singer-songwriter, has launched a joint venture with Palms, a US-based company, to sell pre-rolled cannabis. The initiative titled ‘Peaches’ is named after Bieber’s hit song released in March. Bieber had earlier hinted at the partnership in ...

  Google on Wednesday said it will invest $1 billion over the next five years to allow faster and more affordable internet access and support entrepreneurship in Africa. Internet reliability is a problem in Africa where less than a third ...

A rare collection of drawings, sketches and paintings by champion boxer Muhammad Ali has sold at auction for nearly $1m. Some 26 art works went under the hammer at Bonhams auction house in New York. One of the most anticipated ...

  Facebook stock went down by about 5.5 per cent, while its Chief Executive Officer, Mark Zuckerberg, also lost nearly $7bn to the outage that plagued the social media platform on Monday. Also affected were WhatsApp and Instagram, both owned ...

China’s central bank has announced that all transactions of crypto-currencies are illegal, effectively banning digital tokens such as Bitcoin. “Virtual currency-related business activities are illegal financial activities,” the People’s Bank of China said, warning it “seriously endangers the safety of ...

The Ondo State Government has sealed off Shoprite and the neighbourhood market in Akure, the Ondo State capital. The popular facilities were sealed on Monday by the Ondo State Waste Management Authority, ODSWMA, over what was described as unsanitary and ...

A spokesman of Abokifx.com has offered a preliminary response to CBN governor Godwin Emefiele, vehemently denying the website has been involved in naira manipulation and sabotage. In a mailed response to P.M.News, the spokesman denied in capital letters all the ...

The Federal Government has said that it will shut down the operations of Aboki FX, a website providing currency exchange information, which the bank described as an illegal and criminal platform. The Governor of the Central Bank of Nigeria, Godwin ...

Independent Petroleum Marketers and Dealers Association and Petroleum Tanker Drivers Association in Imo State on Wednesday’s afternoon called off their strike action after a closed door meeting with the state governor, Hope Uzodinma. The meeting which held at the Government ...

The Kogi State Commissioner for Commerce and Industry, Gabriel Olofu, on Wednesday in Lokoja directed all business owners including Point of Sales operators across the state to register their business premises within the next one month or be sanctioned. Speaking ...

Naira fell significantly against the U.S dollar at the parallel market on Wednesday, as the currency exchanged hands with the hard currency at N562.00 per $1. This implies a N5.00 or 0.90 devaluation from the N557.00 it traded on Tuesday. ...

Angry protests, technological glitches and a plummet in value marked the first day of El Salvador adopting Bitcoin as legal tender. The price of Bitcoin on Tuesday crashed to its lowest in nearly a month, falling from $52,000 (£37,730) to ...

  The Central Bank of Nigeria (CBN) has directed all banks to publish names of customers who try to break the rules on Forex acquisition on their website. The CBN on Monday, August 30th issued a circular (BSD/DIR/PUB/LAB/14/059) to all ...

  Real Madrid have made a second bid for PSG star Kylian Mbappe and are optimistic their offer of €170 million (£146m/$200m) plus €10m (£9m/$12m) in add-ons will be enough to land the forward. The Blancos made an opening bid ...

  Real Madrid have submitted a €160 million (£137m/$188m) opening offer to sign Kylian Mbappe from Paris Saint-Germain. The Spanish giants are optimistic about getting a deal done before the transfer window closes next week, as they feel Mbappe will ...

  Liverpool midfielder Xherdan Shaqiri has completed his move to Lyon on a €6 million (£5m/$7m) three-year deal. The Switzerland international swaps the Premier League for Ligue 1 following a three-year spell that saw him win domestic, European and world honours at Anfield. ...