Business

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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Chinese vase found in a pet-filled house which was once sold for $56 to now sell for $9m

A long-forgotten Chinese vase, once sold at auction for just $56, went under the hammer for over 70 million Hong Kong dollars ($9 million) over the weekend after being discovered in an elderly woman’s country home. Described by Sotheby’s as a “lost masterpiece,” the rare 18th-century artifact spent the last 50 years in a remote house in central Europe surrounded ...

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Couple who started Hand Sanitiser business set to make £30m

United Kingdom couple who set up hand sanitizer business just 12 weeks ago are on a track to make £30million (N14.6b) from the business. According to DailyMail UK, husband and wife team, Andrew, 47, and Rachel Montague, 48, founded their company in March just as the pandemic hit and most of Europe went into lockdown.   The couple, who own ...

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World’s most expensive face mask is $4,000

An Indian businessman has paid about $4,000 for possibly the world’s most expensive face mask. It is a bespoke gold face mask to protect him from the coronavirus raging in the country. However, the mask may not be as effective as the cheap ones in the market. The precious metal covering weighs 60 grams (two ounces) and took craftsmen eight ...

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Jeff Bezos becomes richer than he was before his wife collected more than $35bn in divorce settlement

Amazon has recorded a 4.4 percent surge in its stock value, making Jeff Bezos richer than he was, after his divorce in 2019. The 56-year-old founder and CEO of Amazon is now worth $172 billion according to the Bloomberg Billionaires Index. In 2019, Bezos finalised his $38billion divorce from his wife, MacKenzie making her the 22nd richest person in the ...

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FirstBank enhances FrstMobile app with new features

  First Bank of Nigeria Limited has announced that its mobile banking application, FirstMobile has been upgraded with new and improved features to promote safe and convenient Mobile Banking experience for customers. The bank in statement said the mobile banking application has been redesigned with improved security and self-service features to ease the navigation capability and proficiency of customers. Explaining ...

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