Business

  Nigerian billionaire businessman and record label owner, Okwudili Umenyiora is in the news again after showing off 2018 Range Rover Vogue, parked and rotating in his living room in his mansion in Lagos.   Mr. Dilly, Chairman of ‘Dilly Motors’, ...

  Eight Nigerians have made the 2019 Forbes 30 under 30 nomination list. Forbes 30 under 30 is a set of lists issued annually by Forbes magazine and some of its regional editions to recognise business and industry figures. 300 trailblazers from 20 industries ...

  PUBLICATION ON NEWS MEDIA: PURPORTED TALKS FOR ACCESS BANK PLC TO ACQUIRE DIAMOND BANK PLC The attention of Diamond Bank Plc (“the Bank”) has been drawn to the rumor in the media stating that the Bank is purportedly in ...

Sheik Mansour (centre) is accused of picking up the tab for inflated sponsorship deals   Manchester City have been accused of cheating after claims that their owner paid large parts of inflated sponsorship deals himself. According to a report by ...

Barely two days after becoming the first industrialised nation to legalise marijuana, Canadian stores are already running low on stock.   According to the Daily Mail, Canadians seeking out legal recreational marijuana on Thursday not only had to contend with ...

Saudi Arabian crown prince, Mohammad bin Salman, who is worth £850billion is reportedly planning to .splash over £3bn to buy Manchester United.   Mohammad bin Salman, is said to be set to make a huge Middle East investment by splashing over ...

Ayokunnunmi, who stood as a witness of the Economic and Financial Crimes Commission (EFCC), said this on Thursday during the criminal trial of Francis Atuche, Managing Director of defunct Bank PHB Plc, now Keystone Bank Plc.   Adeniji Ayokunnunmi, a ...

The price index for sugar is 21 per cent lower than September 2017 estimates, but a 2.6 per cent rise occurred between August and September 2018.   The cost of sugar has climbed up by 2.6 per cent according to ...

Google has announced its plan to shut down Google Plus, it social media platform, after it discovered a security vulnerability that exposed the private data of up to 500,000 users of the service. In a blogpost by Google on Monday, when ...

English singer-songwriter, Ed Sheeran, made £75,000 a day last year and over £27 million in profit. In the list revealed by The Sun, the 27-year-old is now considered the richest solo artist in the world, surpassing Adele as the highest-earning musician on the ...

A man cleaning out a closet at his sister’s insistence received a shock when he found, in the lining of a jacket, a lottery ticket worth $1.75million purchased 10 months earlier in Montreal, Canada. The sisterly advice proved most profitable: The man, ...

A second republic senator, Chief Olorunnimbe Farukanmi and stalwart of the ruling APC, yesterday said the N50,000 minimum wage would have dire consequences on Nigeria’s economy.   According to TheNation, the financial expert said labourers are entitled to their wages, but ...

Amusement Parks in Abuja, the Federal Capital Territory (FCT) yesterday recorded low patronage during the 2018 Independence Day Anniversary, the News Agency of Nigeria (NAN) reports. According to the report, Magicland Amusement Park, near the City Gate, few fun-seekers were in the ...

American sportswear fashion designer, Michael David Kors has bought Italian luxury fashion brand Versace for $2.1bn including the debt of the company. According to BBC, creative director, Donatella Versace, who ran Versace since the 1997 murder of her brother Gianni, called the sale a “very exciting ...

  Hundreds of Liberians took to the streets of the capital Monrovia Monday to demonstrate over the disappearance of newly printed bills worth nearly $100 million. The cash was officially destined for Liberia’s central bank after arriving in the country ...

  Oil prices have been projected to rise next year, according to projections by stakeholders in the sector. This is just as newly imposed sanctions on Iran by the US are expected to come into force early November. According to ...

Instagram co-founders Kevin Systrom and Mike Krieger are leaving the smartphone photo-sharing service bought by Facebook six years ago for a billion dollars, the New York Times reported late Monday citing unnamed sources. Systrom and Krieger have resigned from their posts as chief ...

Prices of foodstuff in Yobe State have crumbled as farmers commenced the harvesting of their produce, the News Agency of Nigeria reports. According to reports, abag of millet which used to sell between N11, 000 and N12, 000 is now sold between N6, 500 ...

The Central Bank of Nigeria (CBN) has issued a new directive that banks will pay a fine of N10,000 for every money transfer that exceeds four minutes.   The apex bank made this known in a circular, ‘Circular on the ...

Not less than 12 banks in Ibadan, Oyo state capital were sealed on Monday, September 17, by the state government. This was done by the state?s Board of Internal Revenue concerning that alleged non-payment of environmental development levy spanning over ...

Nairabet CEO, Akin Alabi is dishing out an advice again and it is about people being comfortable with poverty. According to Akin Alabi, any man or woman who is satisfied with your poverty and lack of ambition is a bad partner. He concluded ...

Nigeria’s Presidency has fired back at UK bank, HSBC for saying that the second term of President Muhammadu Buhari would stunt the economy.   According to the Presidency, the UK Bank, HSBC which soiled it hands with ‘‘millions of US dollars yet-to-be-recovered Abacha loot’, has no ...

A white woman who was spotted in a video lying to the police, has been fired from her job as a gate attendant after the video went viral.   The white woman who is a gate attendant at a park near Lake ...

A British multi-millionaire has been charged with fraud by false representation for allegedly faking a National Lottery ticket that handed him £2.5million nine years ago. Edward Putman, 53, from Kings Langley, Hertfordshire,  was investigated by the serious fraud squad for three years before ...

Bakers in Nigeria have decried the high cost of baking ingredients across the country and this according to the group, may push bread prices up.   The Premium Bread Makers Association of Nigeria gave this warning on Monday at a press briefing ...