LAGOS – Nigerian Afrobeats superstar David Adeleke, popularly known as Davido, has announced a groundbreaking venture into the electric mobility industry with the launch of his own line of electric bikes in partnership with Spiro. This development marks a significant step in the singer’s entrepreneurial journey as he champions sustainability and economic empowerment across Africa….
The Central Bank of Nigeria (CBN) said on Tuesday the forensic verification of the $7 billion FX backlogs is nearing completion. The CBN Governor, Olayemi Cardoso, disclosed this at the launch of the Nigeria Foreign Exchange (FX) Code in Abuja. Cardoso stressed the importance of this milestone in restoring transparency and trust in the market….
LONDON – Bill Gates, the former CEO of Microsoft, has opened up about his divorce from ex-wife Melinda Gates, calling it “the mistake I most regret.” In a candid interview with The Times of London published on January 25, Gates, 69, shared the emotional toll of the separation, yet expressed that he feels “more cheerful…
ABUJA – The National Bureau of Statistics (NBS) has reported a significant 44.62% rise in the price of Liquefied Natural Gas (LNG), commonly referred to as cooking gas, in 2024. The information was disclosed in a recent report published by the Bureau. 5kg Cylinder Price Trends According to the NBS, the average retail price for…
LAGOS – The Securities and Exchange Commission (SEC) has issued a stern warning to the public, urging individuals to refrain from engaging in any investment-related transactions with Risevest (Victoria Island) Cooperative Multipurpose Society Limited and Stecs (Alausa) Multipurpose Cooperative Society, widely known as Stecs. In a circular released over the weekend in Abuja, the SEC…
LAGOS – One of Africa’s leading financial institutions, Zenith Bank has reaffirmed its dedication to employee welfare by announcing the promotion of over 4,000 staff members and implementing salary increases ranging from 20% to 30% across various employee grades. This bold initiative, under the leadership of Managing Director/CEO Dame Adaora Umeoji, is aimed at boosting…
KHARTOUM – A massive fire has destroyed a significant oil refinery located approximately 71 kilometres north of Khartoum, intensifying the ongoing conflict between the Sudanese army and the paramilitary Rapid Support Forces (RSF). Both factions have traded accusations over responsibility for the attack. The Sudanese army alleged that the RSF deliberately set the refinery ablaze…
The Nigerian equities market rebounded from last week’s massive loss as investors gained N794 billion on the trading floor of the Nigerian Xchange (NGX). Ripples Nigeria reports that investors recorded a loss of N1.452 trillion the previous week. However, this week, the bourse rebounded, and recorded gains in three of the five trading days. The…
HONG KONG SAR – Media OutReach Newswire – 24 January 2025 – To honour the spirit of the Lunar New Year, LANDMARK presents Flourishing Blooms, a vibrant celebration of artistry and tradition by internationally acclaimed flower artist Nicolai Bergmann. This marks Bergmann’s first major Hong Kong installation, coinciding with the 25th anniversary of his iconic…
HONG KONG SAR – Media OutReach Newswire – 24 January 2025 – Hong Kong’s banking sector showed signs of recovery in 2024 after a prolonged period of challenges. This positive trend is expected to continue in 2025, with the pace of US rate cuts expected to be slower than many forecasts. KPMG’s latest report, the…