Business

No fewer than 40 pastors of Bishop David Oyedepo’s church, the Living Faith Church Worldwide have reportedly been sacked for not generating enough revenue in their branches. This was revealed by one of the pastors, Peter Godwin, who was said ...

  Lionel Messi will sign a new five-year contract at Barcelona and take an incredible 50 per cent wage cut Messi has spent his entire career to date on Barca’s books, having initially made his debut for the club as ...

The Board of Directors of First City Monument Bank (FCMB) have appointed Yemisi Edun as the Managing Director of First City Monument Bank. This comes after the end of the bank’s former Managing Director, Adam Nuru.  The board had reviewed the ...

Roman Abramovich has handed Chelsea the funds to go and get Borussia Dortmund star striker Erling Haaland this summer for £150million, according to reports. The 20-year-old striker is expected to be chased by several of Europe’s elite this summer, with ...

  Paris Saint-Germain have completed the signing of Inter full-back Achraf Hakimi.   The Morocco international will cost in the region of €60 million (£52m/$71m), plus €10m (£9m$12m) in add-ons, and he leaves the Serie A champions after just one season ...

  American reality star and business mogul, Kim Kardashian had announced that her Skims company is the official loungewear for Team USA at Tokyo Olympic in Japan. The 40-year-old entrepreneur, revealed on Monday June 28, that her brand has been ...

Nigeria is in talks with four West African countries expected to buy unused electricity from it. The acting Managing Director of the Transmission Company of Nigeria (TCN) and Chairman, Executive Board of the West African Power Pool (WAPP), Engr. Sule ...

Twitter announced on Thursday the launch of its first subscription service, dubbed Twitter Blue, designed for users willing to pay a monthly fee for exclusive features. The company said Twitter Blue will be available to users in Canada and Australia ...

Ketron Investment Limited, a Nigerian company owned by a group of local investors led by property firm Persianas Investment Ltd, has completed the acquisition of Shoprite Holdings Limited. With the acquisition, Shoprite, Africa’s largest food retailer, has completed exiting the ...

The Nigerian Naira has suffered two consecutive days of melt down in the unofficial market as it tumbles by about N17 for each dollar. The market had some semblance of stability for weeks, selling and buying at between N480-485. But ...

The Nigerian Stockfish Dealers Association has raised an alarm over the growing challenges faced in the stockfish business in the country. The chairman of the association, Gregory Ilobinso, spoke with the News Agency of Nigeria (NAN) on Monday in Lagos ...

Lionel Messi’s boots which scored him his one-club record-breaking goal have been bought for £125,000 at an auction. The Barcelona captain scored his 644th goal for the club in last year’s December 3-0 win over Real Valladolid. The goal broke ...

Amazon, a United States multinational technology company, has chosen South Africa as the headquarters for its African market. This development comes a week after Twitter, US-based microblogging and social networking service announced the opening of its first-ever African office in ...

A Nigerian property company, Persianas has been revealed as the buyer of Shoprite’s local business in Nigeria. Shoprite, with more than 2,300 stores across Africa, is awaiting regulatory approval on the sale of its Nigerian supermarket operation, though no further ...

Bitcoin tumbled more than 4% on Friday after Turkey’s central bank banned the use of cryptocurrencies and crypto assets for purchases citing possible “irreparable” damage and transaction risks. In legislation published in the Official Gazette, the central bank said cryptocurrencies ...

  American fast food retail chain, Burger King, is expected to start its operations in Nigeria by the fourth quarter of 2021. Nairametrics reported an exclusive interview with Antoine Zammarieh, Burger King’s franchisee in Nigeria and Managing Director, Allied Food ...

The Governing Council of the Federal University of Technology, Owerri (FUTO) has elected Prof Nnenna Oti as the new Vice Chancellor of the institution. She succeeds the outgoing vice chancellor, Prof. Francis Eze. Prof. Oti was the deputy Vice Chancellor, ...

Barcelona have leapfrogged Real Madrid and are now the world’s most valuable football club, according to the reputable US magazine Forbes.   This is the first time Barca are reaching the summit of the Forbes list having trailed bitter rivals ...

Nollywood actress, Wumi Toriola is broadening her scope as a businesswoman as she has opened a new shopping outlet. Taking to her Instagram page, she shared photos of her newly completed shopping outlets as she advised her fans never to ...

A trading card autographed by Jay-Z sold for a record $105,780, establishing a new record for a non-sports card, according to industry sources. The Instagram account for SlabStox Sports Card Trading broke news of the large sale involving the What ...

Twitter on Thursday, said  it plans to offer a subscription service in which users would pay for special content from high-profile accounts, part of an economic model to diversify its revenue. The globally popular social media platform announced the potential ...

For American music mogul Jay-Z, who has boasted of having a “million ways to make money” it looks like it may now be “on to the next one”. French luxury giant LVMH has purchased a 50% stake in his Armand ...

Jeff Bezos has reclaimed his title of world’s richest person, ending Elon Musk’s six-week reign atop the list. Musk lost about $4.5 billion Tuesday after Tesla’s (TSLA) shares fell 2.4 percent, which was enough to knock him to second place ...

Rihanna can take a bow, pour it up and celebrate however she’d like since her Savage x Fenty lingerie brand is now worth $1 billion. Forbes reported that a round of Series B funding raised $115 million for the company’s ...

Omotola Jalade-Ekeinde has trademarked her name.She revealed the news this morning on social media. Revealing she now has the sole right to the name, she wrote: ”OMOTOLA – Trademarked”. Now no one can use that name henceforth.