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Business
Kenya Court Freeze $3.3m Belonging To Flutterwave Over Card Fraud Allegations
A Kenyan High Court has frozen another Sh400.6 million ($3.3 million) in three separate bank accounts and some 19 Safaricom M-Pesa Pay Bill numbers belonging to a Nigerian fintech company, Flutterwave following allegations of card fraud…
Jumia Warns Nigerians Against Scam Recruitment Alert
Pan-African e-commerce platform Jumia has urged the general public to ignore rumours that it is presently hiring.
This was said by Jumia in a correspondence sent to users on Tuesday, August 30.
The e-commerce behemoth claimed that…
Elon Musk Tweets About Buying Manchester United
Tesla CEO, Elon Musk announced, on Wednesday, August 17, that he was purchasing the Manchester United team. However, a few hours later Musk clarified the tweet’s intent.
The billionaire tweeted;
To be clear, I support the left half…
Our Dollar Accounts Backed By FG — NPA Disclaims Operating Secret Offshore Accounts
Nigerian Ports Authority (NPA) says it operates two USD-denominated domiciliary accounts with official safeguards backed by the federal government, thus, shielded from looting.
NPA said this in a statement on Wednesday signed by Ibrahim…
CBN Increases Benchmark Interest Rate To 14%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday, July 19, increased the Monetary Policy Rate (MPR) to 14 per cent from its initial 13 per cent.
Reading a communiqué after the committee’s meeting in…
Dangote Emerges 63rd Wealthiest Man In The World
Foremost Nigerian billionaire, Aliko Dangote has emerged as the 63rd wealthiest man in the world.
In the ranking released on Wednesday, July 13, the chief executive officer of Tesla, Elon Musk; is listed as the richest billionaire.…
I Am Not Buying Twitter, Elon Musk Speaks
Elon Musk has pulled the plug on his $44 billion deal to buy Twitter on Friday, July 8, accusing the company of “misleading” statements about the number of fake accounts, a regulatory filing showed.
Musk terminating the deal that he…
Elon Musk: If People Don’t Have More Children, Civilization Is Going To Crumble
Elon Musk has explained his decision to have so many kids, which raised some concerns on social media.
In a virtual event hosted by the Wall Street Journal in December 2021, the CEOs of Tesla and SpaceX disputed claims that…
Rihanna Named America’s Youngest Self-Made Billionaire Woman
Barbadian singer, Rihanna has emerged as the youngest self-made billionaire woman in the United States of America after accumulating a net worth of $1.4billion by age 34, knocking Kim Kardashian to second place.
The 34-year-old pop…
Shell Puts Nigerian Onshore Divestment On Hold Pending Outcome Of Court Case
Shell PLC has announced that the major divestment from its Nigerian onshore services in 2021, has been put on hold, citing a Supreme Court suit over oil leak filed by a community in Bayelsa State.
The managing director of SPDC, …
Amazon To Start Operation In Nigeria, 5 More Countries By 2023
Amazon, American e-commerce giant is set to begin operations in Nigeria, as it sets to expand its operations to five more countries across Africa, South America and Europe.
According to Business Insider, the U.S. e-commerce company…
WhatsApp Unveils Campaign Aimed At Small Businesses For More Clients
WhatsApp, messaging and video calling app owned by META, has launched WhatsAppreneurs campaign to assist business owners in Africa to reach more customers.
Public Policy Director for Whatsapp Africa, Balkissa Siddo, said this in a…
Abuja Queues Persist Despite NNPC Supply Of 1.523bn Litres In Three Weeks
According to latest reports, the Nigerian National Petroleum Company (NNPC) evacuated 1.523 billion litres of Premium Motor Spirit (PMS) between May 16 and June 5 in order to ensure constant supply of fuel.
However, despite…
71% Of Global Workforce To Resign In 12 Months – PwC Reveals
PricewaterhouseCoopers (PwC), a global financial and management advisory organisation has said about 71 percent of the global workforce will resign in the next 12 months if employers fail to increase their pay.
This was revealed in …
Global Stock Market Recovers From Wobbly Start To Finish Higher
Stocks on Wall Street overcame a shaky start to close broadly higher Thursday. The major indexes more than made up for their losses earlier in the holiday-shortened week.
The S&P 500 rose 1.8%, with more than 85% of the stocks in…