Automobile giants, Hyundai and KIA are reportedly set to establish assembly plants in Ghana.
Ghana's Minister of Trade and Industry, Alan John Kyerematen who made the announcement, said Hyundai and KIA will be establishing the assembly plants in the West African country by the end of 2022.
They will be joining Toyota-Suzuki, Nissan, Kantanka,...
The UK government is exploring the possibility of creating a new digital currency that could be known as Britcoin".
The Bank of England and the Treasury said on Monday, April 19, that they will work together to assess the benefits of a central bank digital currency amid reports cash payments...
Nigeria's inflation rate rose from 17.33% recorded in February to 18.17% in the month of March.
In the latest report released by the National Bureau of Statistics (NBS), the Headline index increased by 1.56% in March 2021, this is 0.02% points higher than the rate recorded in February 2021 (1.54 percent).
Food inflation, a closely...
“Godzilla vs Kong” is officially now the biggest box office hit in the US and Canada since COVID-19 shut down cinemas a year ago after hauling a record of more $60 million, $1.5 million more than what sci-fi thriller “Tenet” brought in last year.
“Godzilla vs Kong” started its record...
South Korea’s second-largest appliance firm, LG Electronics, has announced it will be closing down its mobile phone business, after losing billions of dollars in recent years.
The company announced Monday, April 5 that the phone production unit has recorded losses for 23 consecutive quarters since 2015, with the cumulative deficit...
Tesla CEO, Elon Musk has announced that people can now buy Tesla electric vehicles in the U.S. with bitcoin.
“You can now buy a Tesla with Bitcoin,” the chief executive – and self-named “Technoking of Tesla” tweeted on Wednesday, March 24.
Musk also went on to clarify in another tweet that...
The United Arab Emirates (UAE) has approved a new remote work visa to enable employees from all over the world to live and work in UAE remotely even if the companies are based in another country.
Vice President/Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammed...
One year after launching Verzuz, Swizz Beatz and Timbaland have sold the powerhouse livestream music series platform to Thriller.
Triller says Swizz and Timbaland will become large shareholders in the Triller Network and serve as brand visionaries on the Triller Verzuz management team but didn't disclose the financial details of...
Pan African financial institution, United Bank for Africa (UBA), Plc is set to change the face of digital banking services with its new mobile banking app aimed at delivering first-rate services to customers.
The new UBA mobile banking app, has been armed with benefits and features designed to give its...
The owner of British Airways, International Airlines Group, has announced the biggest annual loss in its history as the Covid pandemic closed borders and grounded its aircraft.
The airline group, which also owns Iberia, Vueling, and Aer Lingus, announced on Friday, February 26, a post-tax loss of €7.4bn loss in 2020,...
Billionaire, Elon Musk bounced back strongly to become the world’s richest man after a daily gain of $9.81 billion on Wednesday, February 24.
Tesla, Musk's company surged back to $190 billion, after the electric car company’s shares recorded impressive gains of 6.18%, thereby putting the market value of Tesla at...
The Central Bank of Nigeria is maintaining its stand on the ban on Cryptocurrency.
The governor of the apex bank, Godwin Emefiele, who appeared before the Senate Joint Committee on Banking, Insurance, and other financial institutions on Tuesday, February 23, said that money laundering, terrorism financing, and other criminal activities...
Jay-Z has sold 50% stake of his Champagne brand, Armand de Brignac, to luxury giant LVMH’s Moët Hennessy in a partnership deal.
The 51-year-old American entrepreneur and rapper sold half of his champagne brand to Moët Hennessy for an undisclosed price, and the Financial Times reports he said the move will help...
Billionaire Amazon owner, Jeff Bezos has reclaimed his title of world's richest person, ending Elon Musk's six-week reign on top of the list.
Musk lost about $4.5 billion on Tuesday after Tesla (TSLA) shares fell 2.4%, taking him to second place on the Bloomberg Billionaires Index ranking.
Bezos' net worth also...
Nigeria’s consumer price index, (CPI) which measures inflation increased by 16.47% (year-on-year) in January 2021. This is 0.71% points higher than the rate recorded in December 2020 (15.75%).
This is according to the latest Consumer Price Index report, released by the National Bureau of Statistics.
According to the report, Nigeria’s headline...
The UK's Supreme Court on Friday February 19, ruled that cab hailing app, Uber drivers are workers and not self-employed and must be treated as such.
The landmark ruling means thousands of Uber drivers are set to be entitled to minimum wage and holiday pay forcing the company to pay...
Rihanna's Savage x Fenty Lingerie brand is now worth a whopping $1 Billion.
The pop star launched the line in 2018 and it's one of several businesses started by the singer, including her Fenty clothing line, makeup range Fenty Beauty, and skincare line Fenty Skin.
According to a report from Forbes, the...
American boxing legends, Mike Tyson, 54, and Evander Holyfield, 58, are reportedly in talks over a £200million trilogy fight in Dubai.
This comes after Tyson made his long-awaited return to the ring in November to fight former four-weight world champion Roy Jones Jr, 52, in an exhibition clash.
Following the success...
The world's richest man, Jeff Bezos will step down as Amazon CEO later this year and transition to the role of executive chair, the company has announced.
According to the February 2 announcement, Bezos will be replaced by Andy Jassy.
Bezos has been Amazon's CEO since its founding in 1995 and grew...
A Dutch Appeal court has ordered oil giant Royal Dutch Shell to pay compensation to four farmers in the Niger Delta for alleged widespread pollution on their farmland.
The four farmers who reside in the Niger Delta region, alongside their ally, the Friends of the Earth campaign group, had in 2008, filed the...
Apple has announced that it's sales have hit another record, as families bought it's latest phones, laptops and gadgets during the Christmas period.
Sales in the last three months of 2020 hit more than $111bn (£81bn) - up 21% from the prior year as the pandemic forced more activity online,...
The Joe Biden administration has revived plans to put Harriet Tubman on $20 bill note after the process was delayed under Trump's administration.
Harriet Tubman was a 19th-century abolitionist and political activist who escaped slavery, then took part in the rescues of hundreds of enslaved people, using the network of...
Rihanna seems to have gotten in the mood for Valentine's Day a month early as she shared some steamy new photos to her Instagram on Wednesday, Jan 13.
The 32-year-old singer was clad in sexy red lingerie as she promoted her upcoming "Valentine’s Day VIP box" from her Savage x...
The management of Ocean Marine Solutions Limited, a maritime security solutions company, has refuted claims and petitions by Tunde Ayeni, a former chairman of Skye Bank Plc, that he is still a shareholder, vice chairman and member of the company’s board of directors.
In a joint statement yesterday by the board, management and shareholders of OMS, they declared that they were compelledto...
Tesla CEO, Elon Musk is now the richest person in the world, with a net worth of more than $185 billion.
An increase in his company’s share price on Thursday January 7, pushed Musk past Jeff Bezos, who had been the richest person since 2017 and is currently worth about...
Credit card company, Mastercard is investigating allegations against pornography site, Pornhub, after a New York Times column on Friday December 4, accused the porn site of hosting videos on its platform that depict child abuse and nonconsensual sexual behavior.
The investigation comes after a NewYork Times' column, written by Pulitzer...
The CEO of a British tech company has made 74 workers at the firm millionaires after handing out more than £1 billion to his employees in shares.
Matt Moulding, who founded The Hut Group in Manchester, said he has gifted around 430 staff shares in the company over the last...
The federal government of Nigeria has concluded plans to slash the levy to be paid on imported cars from 35 percent to five percent, according to a new bill to be presented to the national assembly. The bill which will come as a welcome development to Nigerians who have been...
Tesla Inc. Chief Executive, Elon Musk is set to overtake Facebook’s Mark Zuckerberg to become the world’s third-richest person.
This comes after his net worth increased by more than $15 billion in extended trading following S&P Dow Jones Indices' announcement that Musk's electric carmaker company will join 500 index of...
Nigeria’s first and only locally assembled Electric car, Hyundai Kona, was launched by the Lagos State Governor, Babajide Sanwo-Olu, as well as the senior members of the Lagos State Government at Stallion Group’s assembly plant VON at Ojo, Lagos on November 13, 2020.
The Hyundai Kona, which is 100% Electric,...
Vice President/Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammed Bin Rashid Al Maktoum on Sunday November 15 announced that the UAE "golden" visa system has been widened.
Maktoum said theUnited Arab Emirates (UAE) has approved a 10-year golden visa for all PhD holders based in the...
Work at the 650,000-barrel per day (bpd) integrated refinery and petrochemical project being promoted by Dangote Group, has reached 80 per cent completion, the firm said on Wednesday.
Dangote Refinery Group Executive Director (Projects and Portfolio Management) Edwin Devakumar said the percentage covered the project’s engineering, design and procurements.
He, however,...
US leader, Donald Trump has had more than $270 million in debt forgiven since 2010 after he failed to repay his lenders for a Chicago skyscraper building development, a new report by the New York Times alleges.
According to the report published Tuesday night, October 27, after the Trump International...
The US Securities and Exchange Commission has awarded a staggering record breaking $114 million to a whistleblower who tipped the government off to misconduct and provided "extraordinary" assistance in an investigation, the agency has announced.
The record breaking sum doubles the prior SEC whistleblower record, which was set just four...
The Chinese economy has grown as much as 4.9% in the last quarter of 2020, despite the coronavirus pandemic that has ravaged all countries of the world.
China expanded 4.9% in the July-to-September quarter compared to the same time frame in 2019, according to government statistics released Monday by the...
Netflix has been indicted by a grand jury in Texas after the streaming company refused to take down the controversial French film, "Cuties."
The streaming giant was indicted by a grand jury in Tyler County, Texas, according to state lawmaker Matt Schaefer.
The indictment states that Netflix has been charged with...
A federal judge has partially granted Chinese owned app, TikTok's request for a temporary injunction against a push by the Trump administration to ban the app in the United States.
The US government ban on downloads of the app was to start on Sunday September 27, but the injunction has...
TIME has named Tony O. Elumelu, one of Africa’s leading investors and philanthropists, in the 2020 TIME100, the annual list of the 100 most influential people in the world.
The list, now in its seventeenth year, recognises the activism, innovation, and achievement of the world’s most influential individuals.
Mr Elumelu, who is...
President Donald Trump has approved a deal between TikTok's parent company, ByteDance, and Oracle (ORCL), after threatening to ban the Chinese-owned app which he claims poses a national security threat because of its Chinese ties.
The department of Commerce confirmed in a statement on Saturday evening, September 19, that it would...
The UK government is set to end tax-free sales at airports, ports and Eurostar stations from 1 January 2021.
This means that overseas visitors will no longer be able to benefit from tax-free sales and VAT relief on goods purchased in airports in the UK.
In what has been described as...
American computer technology giant, Oracle Corporation has reportedly won the bidding for TikTok's US operations after the Chinese app rejected Microsoft.
According to Bloomberg, a Wall Street Journal reported that Oracle would be announced as TikTok’s trusted tech partner in the United States. The Journal also added that the eventual...
Pizza Hut has announced plans to shut 29 of its 244 UK restaurants, putting around 450 jobs at risk.
The highly-popular restaurant chain said it faced 'significant disruption' from the coronavirus pandemic and that the lockdown was so detrimental that 'sales are not expected to fully bounce back until well...
Tyler Perry has joined the growing list of Hollywood billionaires according to Forbes.
According to the American business magazine, Perry has a networth of $1 billion and has earned more than $1.4 billion in pretax income since 2005. Forbes also reported that filmmaker owns the entirety of his creative output, which includes more than...
A sheep bred by a family in Stockport, UK, has sold for a whopping $490,000 at an auction.
The sheep breed known as Texel is now officially the most expensive sheep in the world.
The Texel sheep named Diamond was sold this week at the Scottish National Texel Sale in Lanark after...
Kevin Mayer, the chief executive of the Chinese-owned video app TikTok, has resigned from his position amid US pressure for its Chinese owner to sell the popular video app to an American company.
In a letter to employees, the American businessman said that his decision to leave comes after the “political environment...
Someone once said, “Setting goals is turning the invisible into the visible.” But being totally in love with your goals is one of the most beautiful things any human can do for his/her self. Precious Okechukwu, the Chief Executive Officer, HAV’I-LAH Real Estate Worldwide is one woman, who loves...
Nigerian music star, 2Face has shown off his massive farm land in Benue state which has been named "Innobia Farms".
Sharing a video of the farm land, the singer described it as the beginning of another chapter and also revealed that his crops are growing nicely.
2Face wrote;
It's official!!! INNOBIA FARMS.Crops...
THE Nigerian Communications Commission (NCC) at the weekend urged telecommunication companies to reciprocate the reduction in the charges on Right of Way (RoW) by reducing data charges to Nigerians.
Its Executive Vice Chairman, Prof. Umar Garba Danbatta, stated this while addressing participants at the maiden virtual edition of the Telecoms...
A luxury Mega-Mansion in Dubai with Free’ Rolls-Royce and Ferrari is up for sale at £25million.
The 14,000-square-foot mega-mansion, called One100, which was completed just a week ago for a Swedish entrepreneur, is located on Dubai’s Palm Jumeirah island.
The owner, Michael Alibhai, 43, who has a Dubai-based company that designs and manufactures clothing for top...
Mukesh Ambani, Asia’s richest man, is on a shopping spree as he targets online retailers for acquisition in a bid to compete against Amazon.
Ambani spent the early few months of the pandemic raising more than $20 billion by selling stakes in his technology venture. He is now looking to acquire several...
Ride-hailing operators in Lagos state will from August 27, start paying a levy of N20 known as road improvement fund on each trip their drivers make in a day.
The agreement was reached on Friday August 14, after a three-hour meeting between the Lagos state government and e-hailing ride operators.
In a statement signed...
Ghanaian authorities have explained why they locked up some Nigerian-owned shops in the country amid an ongoing controversy about the Ghana Investment Promotion Council (GIPC) registration.
Recall LIB reported earlier that the requirement for GIPC registration is $1 million minimum foreign equity, while registration fee is 31,500 cedis.
Reacting to the controversy...
Android users should safeguard their Twitter accounts with all they've got.
Twitter has warned that Android users are a lot more vulnerable to attacks on its platform.
Specifically, Android users who own Twitter accounts are more likely to have their direct messages hacked into.
“This vulnerability could allow an attacker, through a...
The COVID-19 pandemic and the group's re-evaluation of its operating model in Nigeria means Shoprite is leaving town.
Africa's biggest grocery retailer and the South Africa-owned chain of stores, Shoprite, is exiting Nigeria--Africa’s most populous nation and largest market--after 15 years.
Shoprite is re-evaluating its operating model across Africa, amidst logistic...
The Tanzanian miner and father-of-30 children who became an overnight millionaire after digging up two massive chunks of one of the world's rarest gemstones worth $3.35million, has found a third multi-million-dollar lump of Tanzanite.
The third stone allegedly weighs six kilograms and has an estimated value of $2million (£1.5million ).
Mr. Saniniu...
Facebook founder, Mark Zuckerberg, 36, has become the third centibillionaire in the World.
According to the Bloomberg Billionaires Index, Zuckerberg’s fortune has topped $100bn for the first time, placing him among members of the world’s centibillionaires' club, after Facebook’s shares surged by 6% on investor optimism over the news the company...
