Sunday, August 9, 2020

Business

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The world’s most expensive pair of shoes have been put on sale for a jaw-dropping $17 million (N6.1 billion) in Dubai. It is made out of leather, gold, silk and diamonds. Jada Dubai, a Dubai-based shoemaker, unveiled the shoes at...
Nigeria's Minister of Information and Culture, Alhaji Lai Mohammed (pictured below), has said that the Social Networking Platform, Facebook, plans to partner with the Federal Government on its National Campaign to eliminate Fake News. The Minister announced the plan in...
Africa’s youngest billionaire, Mohammed Dewji, was kidnapped on Thursday morning by gunmen in Tanzania’s economic capital Dar es Salaam, officials said. Mohammed Dewji, 43, who heads the MeTL Group which operates in about 10 countries with interests in agriculture to insurance,...
The Central Bank of Nigeria (CBN) on Friday Sep 21, 2018, revoked the operating license of Skye Bank Plc with immediate effect. One of Skye Bank's branches - Osogbo,Osun State,Nigeria The withdrawal of the license was announced was announced by the...
The Central Bank Of Nigeria(CBN) has warned against spraying money at parties which is common in Nigeria. The CBN said that anyone caught risks going to jail or pay a fine of 50,000 Naira. CBN spokesman Isaac Okorafor, who announced...
The video below, which has since gone viral, shows the moment a Nigerian construction worker entered into a bet on Monday June 3. He was challenged to lift a 50kg (110 pounds) bag of cement with his teeth and...
The death toll in wildfires sweeping across California has risen to nearly 100, with more than 1,300 people still missing, officials said. The blaze which started on Thursday, November 8, 2018 near Thousand Oaks, about 40 miles (64km) north-west of...
No fewer than 23 cows have been killed by thunder in Ekiti State Nigeria, the News Agency of Nigeria (NAN) reports. The deafening thunder was accompanied by a downpour recorded in parts of the state in last couple of days The...
An Oklahoma judge on Monday August 26, ordered drug manufacturing giant Johnson & Johnson to pay $572 million in a landmark opioid trial likely to reverberate in lawsuits across the nation. The case was closely followed across the nation...
A Kenyan woman was on Tuesday arrested by Kenyan police three months after she allegedly stole a cell phone in a makeup shop and disappeared. The woman pretended to be buying makeup products. According to the owner of the cell...
Facebook has reportedly fired a conservative public relations firm that was, among other work, digging up dirt on its competitors.  The Republican-leaning communications consultancy was accused of trying to smear the billionaire investor George Soros on Facebook’s behalf. On Thursday, Facebook...
Iran did not receive the re-imposition of U.S. sanctions on Monday with open arms, raising Mideast tensions as America’s maximalist approach to the Islamic Republic takes hold. A statement from the nations President Hassan Rouhani said that the nation...
A former Google engineer accused of stealing trade secrets for Uber has filed for bankruptcy after being ordered to pay $179 million to his former employer. Anthony Levandowski, 39,  the engineer and autonomous vehicle startup founder was the central figure of...
IBM is facing another round of accusations about its hiring and firing practices. This is coming months after a ProPublica report said the technology giant had dismissed more than 20,000 workers older than 40 in the last five years. In the...
Canadian singer, Drake has acquired a $100 million private jet for himself! The 32-year-old rapper posted a video of the massive private, custom-made jet on his Instagram page on Friday. "No rental, no timeshare, no co-owners," Drake says in the...
China’s central bank has ordered the return of paper currency in circulation at hospitals, animal markets and buses in areas hard-hit by coronavirus to prevent contagion. Bills will be locked up for at least 14 days at other locations as...
General Electric is removing CEO John Flannery from his role and replacing him immediately with Lawrence Culp, who will also serve as chairman. The unexpected move shot GE shares up in premarket trading on Monday. The company also announced it will take...
EBay has filed a lawsuit against Amazon, accusing the US Retail giant of illegally poaching sellers from its marketplace. It says Amazon representatives abused eBay's internal email system to contact sellers - a violation of the marketplace's policies. The online auction giant claims Amazon...
Hackers have stolen $41 million worth of bitcoin from Binance, one of the world’s largest cryptocurrency exchanges, company officials said on Wednesday. This is the latest in several thefts from cryptocurrency exchanges around the world. According to a research by...
As the coronavirus pandemic continues to sweep through the world like wildfire, many business in the US and some countries have shut down, leading to a surge in newly laid off workers. The US workers who have suddenly found themselves without...

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