Billionaire Elon Musk said that he was not interested in purchasing TikTok, the popular short-video app that the United States has been trying to ban over national security concerns with its Chinese owner ByteDance According to Reuters report. “I have not put in a bid for TikTok,” Musk said a week after U.S. President Donald …
CBN restricts BDCs to $25,000 Fx weekly and one dealer bank
The Central Bank of Nigeria (CBN) released new guidelines which permits Bureau de Change (BDC) operators to purchase up to $25,000 weekly from Authorised Dealer Banks (ADBs) to meet retail market demand. In a circular released yesterday, February 5, signed by Dr. W. J. Kanya, the Acting Director of the Trade & Exchange Department at …
Bill Gates confirms new relationship after Melinda Gates divorce
Microsoft co-founder Bill Gates has opened up about his relationship with his girlfriend, Paula Hurd, for the first time ever. In an interview on the Today show, Gates, 69, expressed his happiness, saying, “I’m lucky to have a serious girlfriend named Paula. We’re having fun, going to the Olympics, and lots of great things. Paula …
Elon Musk shuts down USAID, locks out 600 staffers overnight
Tech billionaire, Elon Musk and US President Donald Trump have shut down the U.S. Agency for International Development tasked with humanitarian relief overseas after they agreed the organization was ‘beyond repair’. Musk, the head of Trump’s government efficiency initiative, reviewed the government agency with Trump’s go-ahead and decided to shut down the U.S. Agency for …
PETROAN Announces Resumption of Petroleum Product Loading at Port Harcourt and Warri Refineries
The Petroleum Products Retail Outlet Owners Association (PETROAN) has confirmed that its members have resumed loading dual-purpose kerosene, automotive gas oil, and premium motor spirits at the Port Harcourt and Warri refineries. This comes after reports of shutdowns at both refineries in December 2024, with Port Harcourt undergoing rehabilitation and Warri restarting operations in late …
High Bank Charges and Other Factors Hinder Businesses in December — CBN
High Bank Charges, Poor Infrastructure Among Top Business Constraints in December — CBN A survey by the Central Bank of Nigeria (CBN) has identified high bank charges, poor infrastructure, an unfavorable economic climate, insecurity, and limited access to credit as the major challenges businesses faced in December 2024. However, the report, titled “Business Expectation Survey …
Chinese Consulate Speaks On Partnering With Nigeria To Build A High-Level China-Nigeria Community
China’s Consul-General in Lagos, Yan Yuqing says her country’s gross domestic product grew by 5 per cent in 2024, driving both qualitative economic development and reasonable quantitative growth. Ms Yuqing made this known at the 2025 Chinese New Year reception and “One World One Spring Huaxing Shines” Spring Festival gala on Saturday night in Lagos. …
Afriwok to connect skilled professionals with Nigerians
Afriwok, an innovative service marketplace, is set to launch in February 2025, with a mission to transform the way people connect with and hire service providers across Nigeria. The platform is designed to address the challenges of sourcing reliable professionals, positioning itself as the go-to solution for connecting users with trusted local service providers. In …
Kanye West Reclaims Billionaire Status with $2.77 Billion Net Worth
Kanye West is officially back in the billionaire club, with his net worth now sitting at a staggering $2.77 billion USD, according to Eton Venture Services. This valuation is based on West’s music catalog and his sole ownership of the YEEZY brand, a major achievement following years of financial setbacks. The announcement comes after Forbes …
Telecoms tariff will be reviewed periodically — Edun
Minister of Finance and the Coordinating Minister of the Economy, Mr. Wale Edun, has said that tariffs in the telecommunications sector will be reviewed periodically. Recall that the Nigerian Communications Commission, NCC, had on Monday, January 20, granted approval to telcos to implement a 50 percent tariff hike sparking reactions from the Nigeria Labour …