Luxury buses stopped from operating in Kano

Owners of luxury buses have been stopped from operating in Kano state following an ex parte motion granted by a chief magistrate court at Gidan Murtala area of Kano.  The ex parte motion was filed by Mutawakkil Muhammad, principal counsel of the state ministry of justice and secretary/legal adviser of Kano state road traffic agency (KAROTA) followingContinue reading “Luxury buses stopped from operating in Kano”

Amazon Inc founder, Jeff Bezos adds record $13 billion in single day to his fortune

Jeff Bezos added $13 billion to his net worth on Monday, July 20, the largest single-day jump for an individual since the Bloomberg Billionaires Index was created in 2012. Amazon.com shares surged 7.9%, the most since December 2018 on rising optimism about web shopping trends, and are now up 73% this year, according to TIMES. Continue reading “Amazon Inc founder, Jeff Bezos adds record $13 billion in single day to his fortune”

Kanye West to hold his first presidential campaign event in South Carolina today

Kanye West is reportedly holding his first presidential campaign event in South Carolina on Sunday, July 19, at 5 p.m The event will be held at the Exquis Event Center in North Charleston and is “for registered guests only.” According to a statement sighted by ABC News, all attendees will be asked to sign aContinue reading “Kanye West to hold his first presidential campaign event in South Carolina today”

AMCON takes over oil magnate Festus Fadeyi’s Pan Ocean assets over N240 billion debt

The Asset Management Company of Nigeria, AMCON, on Thursday, July 2, took possession of Pan Ocean Oil Corporation Nigeria Limited, and its affiliate companies owned by billionaire oil mogul, Festus Fadeyi, over an unpaid N240 billion loan debt. Justice Mohammed Liman of the Federal High Court sitting in Lagos had on June 22, granted an ex-parte application by counselContinue reading “AMCON takes over oil magnate Festus Fadeyi’s Pan Ocean assets over N240 billion debt”

Twitter tells employees they can now work from home ‘forever’

Jack Dorsey, the CEO of Twitter has informed his employees that they can now work from home “forever” amid the Coronavirus pandemic. The 43-year-old CEO informed staff on Tuesday saying all in-person events would be cancelled as the company announced plans to adopt a permanent work-from-home structure amid the Coronavirus pandemic. Employees would receive a $1,000 allowanceContinue reading “Twitter tells employees they can now work from home ‘forever’”

Oil price crashes below $0 a barrel

Oil price took a negative dive in the late hours of Monday April 20, as it plunged further to below $0 a barrel for the first time as the coronavirus pandemic lingers.  In a historic crash which came barely a month after experts warned oil prices could dip into negative territory, oil futures opened at theirContinue reading “Oil price crashes below $0 a barrel”

Oil price crashes to $11 per barrel

Oil prices plunged further on Monday April 20, as storage space ran low for the glut of crude no longer needed by economies hard hit by Coronavirus. The price of crude oil fell to $11, crashing almost 40 percent in a market flooded with crude and slammed by evaporating demand in the face of the coronavirusContinue reading “Oil price crashes to $11 per barrel”

CBN devalues Naira, restores uniform exchange rate of N380/USD

The Central Bank of Nigeria has made an alteration in exchange rate of dollar to Naira as confirmed in a communique to all banks and Bureau De Change on Friday March 20.  The apex bank on Friday sold dollars to deposit money banks at the rate of N380 to one dollar signaling the official returnContinue reading “CBN devalues Naira, restores uniform exchange rate of N380/USD”

Naira crashes in value, now exchanging at N420 to a dollar

The Nigerian Naira suffered a continuous decrease in value in parallel market yesterday March 12, as it exchanged between N405 and N420 to a dollar in some Bureau De Change facilities.  President of Association of Bureaux De Change Operators of Nigeria (ABCON),Aminu Gwadabe who confirmed the development, blamed it all on the crash in theContinue reading “Naira crashes in value, now exchanging at N420 to a dollar”

Dangote loses N240 billion in five hours due to coronavirus

Africa’s richest man Aliko Dangote suffered a huge loss due to coronavirus on Wednesday March 11, as he lost N240 billion in five hours.  Dangote’s firms under the parent-company ‘Dangote Group’, suffered huge losses just after the World Health Organisation (WHO) declared coronavirus a pandemic (spreading in multiple countries around the world at the same time).  The NationContinue reading “Dangote loses N240 billion in five hours due to coronavirus”

Prepare for tough times, Nigeria will be out of business if crude oil price drops to $22 – NNPC Boss, Mele Kyari tells Nigerians

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari has raised an alarm of Nigeria being out of the crude oil business if the price which is currently plumetting drops to $22.  Mele Kyari who told Nigerians to prepare for tough times even if the price of crude oil in the international market jumpsContinue reading “Prepare for tough times, Nigeria will be out of business if crude oil price drops to $22 – NNPC Boss, Mele Kyari tells Nigerians”

We Move 30,000 Passengers Daily In Safety And Comfort”-Dr. Sam Onyishi, Chairman/CEO, Peace Mass Transit Speaks To Nigerians

Running a transport company could be very challenging. It is a business that requires a high level of dedication, trust and integrity. In August this year, Dr. Sam Onyishi made headlines for returning about N2.2 billion that was wrongly credited to his Unity Bank account by First Bank. Ever since then, the level of integrityContinue reading “We Move 30,000 Passengers Daily In Safety And Comfort”-Dr. Sam Onyishi, Chairman/CEO, Peace Mass Transit Speaks To Nigerians”

Australian millionaire wants to hire a personal photographer who will travel around the world with him just to take photos and earn $55k a year

An Australian millionaire has revealed plans to hire a personal photographer who will travel around the world with him just to take photos and earn $55k a year. ECommerce millionaire,Matthew Lepre, who is the founder of Ecom Warrior Academy, wants the lucky person to travel across Europe and the United States with him, uploading photosContinue reading “Australian millionaire wants to hire a personal photographer who will travel around the world with him just to take photos and earn $55k a year”