Business

  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. ...

  Tissue paper used by Lionel Messi during his farewell news conference for former club Barcelona has been auctioned off for one million dollars. At the farewell conference to Barcelona, messi shed tears which led to his wife, Antonella handing ...

  Tammy Abraham has completed his €40 million (£34m/$47m) transfer from Chelsea to Roma, with the England international striker signing a five-year contract with Serie A heavyweights. The 23-year-old striker was in Italy on Sunday to undergo a medical at ...

Lionel Messi’s PSG shirt has sold out in 30 minutes!!! Paris Saint-Germain fans flooded the club’s online store and snapped up all available Lionel Messi shirts only 30 minutes after his signing was officially announced. The six-time Ballon d’Or winner ...

Nigeria businesses may have lost N150.46bn ($366.88m) since the Federal Government’s ban on Twitter took effect in the country on June 5. This figure was calculated based on the NetBlocks Cost of Shutdown Tool. According to the tool, it costs ...

  Manchester United have confirmed an agreement with Real Madrid for the signing of Raphael Varane. The 28-year-old centre-back will become Ole Gunnar Solskjaer’s second major signing of the summer after the arrival of Jadon Sancho earlier in the month. ...

The Central Bank of Nigeria says it has ended the sales of forex to Bureau De Change operators, saying the parallel market has become a conduit for illicit forex flows and graft. The bank said it will also no longer ...

  Manchester United have completed the signing of Jadon Sancho from Borussia Dortmund for a fee of £73 million ($101m). The England international, who was part of the Three Lions squad that finished runners-up at Euro 2020, becomes Ole Gunnar ...

  Being the country’s biggest and most well-known athlete for nearly 20 years has meant huge money for LeBron James. The Los Angeles Lakers and “Space Jam 2” star has earned enough over his career from his salary, endorsements, and ...

Popular fuji musician Wasiu Ayinde, a.k.a K1 has opened a Resort Centre in his hometown, Ijebu Ode, Ogun State. The music legend opened the resort on Wednesday, 21 July, according to a statement by his media aide, Kunle Rasheed. The resort ...

  Teodoro Obiang Mangue, son of Equatorial Guinea long serving president, has no inhibitions splashing the cash as he did when he bought a glove worn by Michael Jackson at $275,000, about N113M. Britain is exasperated by his excesses and ...

Bitcoin dropped below the $30,000-mark for the first time since June 22, wiping around $90 billion from the entire cryptocurrency market in 24 hours on Tuesday, according to data from CoinMarketCap.com. Other leading coins were also dragged down. Ethereum declined ...

A Nederlander, Wiebe Boer is celebrating becoming a farmer in Nigeria. Boer took to his LinkedIn page to celebrate this. He shared pictures of the large farm located in Kwall, Bassa Local Government Area of Plateau state. Boer, born in ...