The Central Bank of Nigeria, CBN yesterday, announced the resumption of dollar sales to bureaux de change, BDCs, a development that reversed the sharp depreciation of the Naira to N1,640 per dollar in the parallel market. The dollar sales to BDCs is coming two months after the last one in April. In a circular signed by the […]
Spotify has unveiled its Global Impact List in Nigeria, recognising the top 30 tracks from Nigeria with the biggest global impact on Spotify over the first half of 2024. The list recognises Nigerian tracks that have had the most listens from outside Nigeria in the first half of 2024, and were released between January 1 […]
Rema, the name synonymous with the new wave of Afrobeats, dropped his highly awaited sophomore album, HEIS, on July 11. With the release still rippling across the global music scene, HEIS is poised to be a landmark record. But Rema’s story is more than just an album release. It’s a testament to the transformative power […]
A global Information Technology, IT, cyber outage has affected the operations of banks and airline operators globally. The outage affected airlines’ operations in countries like Singapore, the United States and Australia. The IT outage began in the early hours of Friday. IT giant, Microsoft confirmed it was investigating an “issue” with its 365 apps and […]
Global pop star Rihanna has announced that her fashion brand, Fenty Beauty, is a premium partner of the 2024 Olympic and Paralympic Games. The billionaire singer announced this on social media on Thursday. “[I] tried to tell yall….we outside all 2024!!! “[I’m] proud to announce that @FentyBeauty is a premium partner of the Olympic and […]
Former Super Eagles winger, Emmanuel Amuneke, has endorsed Victor Osimhen’s impending transfer to Paris Saint-Germain. Ligue 1 champions, PSG are currently working on a deal to sign Osimhen this summer. The Nigeria international has a €130m release clause in his contract. Amuneke, who gave Osimhen his international breakthrough at the U-17 level, stated that a […]
Manchester City have announced the club’s first summer under their manager Pep Guardiola. The Premier League champions on Thursday announced the signing of Brazilian winger, Savinho from Troyes on a five-year deal. Savinho is Man City’s first signing of the summer ahead of the 2024/25 season. Manchester City have announced the club’s first summer under […]
Nigeria and other African nations are losing $50 billion a year to illegal financial outflows, according to the Nigerian Shippers’ Council. The Executive Secretary/Chief Executive Officer of the NSC, Pius Akutah, stated this in Lagos recently during a debate competition organised by some members of the National Youth Service Corps in collaboration with industrial trainees […]
The Management of Dangote Industries Limited has insisted that the international oil companies are still frustrating crude supply to its 650,000-capacity refinery. The management said this even as it commended the Nigerian Upstream Petroleum Regulatory Commission for its various interventions in the oil company’s crude supply requests from IOCs, and for publishing the Domestic Crude […]
Despite the harsh operating business environment in the economy, insurance companies were able to grow their total assets by 36.9 per cent year-on-year, YoY, to N3.3 trillion in Q1’24 from N2.4 trillion in the corresponding period of Q1’23. The National Insurance Commission, NAICOM, disclosed this yesterday, in its first quarter Q1’24 report of the insurance sector. […]
