Business & Finance

Elon Musk becomes second-richest person in the world after overtaking Bill Gates

Elon Musk becomes second-richest person in the world after overtaking Bill Gates. Just a week after overtaking Facebook’s Mark Zuckerberg to the third-richest person in the world, Elon Musk has passed Microsoft co-founder Bill Gates to become the world’s second-richest...

82% of Ethereum investors are in profit

82% of Ethereum investors are in profit. Most Ethereum holders are surely having a good time with their returns seen lately from investing in Ethereum. This is because over 82% of the circulating Ethereum supply is now in a state...

Here are 20 World Currencies lower than Nigerian Naira

Here are 20 World Currencies lower than Nigerian Naira. Many Nigerians think the Naira is a low standard Currency that doesn't have any superiority over other currencies around the world. Funny enough, there are lots of countries which have countries far...

Stripe acquires Nigeria’s Paystack for $200 Million to expand into Africa

When Stripe announced earlier this year that it had picked up another $600 million in funding, it said one big reason for the funding was to expand its API-based payments services into more geographies. Today the company is coming...

Buhari to Okonjo-Iweala: We’ll push and push until you win WTO post

President Muhammadu Buhari Monday in Abuja assured Nigeria’s former Minister of Finance, Dr Ngozi Okonjo-Iweala, that the country will explore every opportunity and deploy its entire energy to ensure that she becomes the Director-General of World Trade Organisation (WTO). Dr...

China funds targeting Ant IPO rake in $9 billion from over 10 million investors

Five newly launched Chinese funds targeting Ant Group’s upcoming mega stock listing raised 60 billion yuan ($8.93 billion) cumulatively from more than 10 million retail investors, selling out within days, the funds’ distributor said. An average of eight investors placed...

U.S. imposes new Iran sanctions that may spook European banks

The United States on Thursday slapped fresh sanctions on Iran’s financial sector, targeting 18 banks in an effort to further choke off Iranian revenues as Washington ramps up pressure on Tehran weeks ahead of the U.S. election. The move freezes...

Asian markets to inch up as U.S. stimulus talks restart

Asian shares were set to track Wall Street gains on Friday as revived hopes for a U.S. stimulus deal helped investors overlook weaker-than-expected jobs data and growing global coronavirus cases. In energy markets, oil prices rallied on production shutdowns ahead...

Dollar drifts downward as investors cling to stimulus hopes

The dollar drifted toward a second consecutive weekly loss on Friday, as higher commodity prices and persistent hopes for U.S. stimulus supported investor sentiment and riskier currencies. Talks have resumed between U.S. House Speaker Nancy Pelosi and Treasury Secretary Steven...

Apple to extend some free subscription to video-streaming service through February

Apple Inc said on Thursday that it would extend free Apple TV+ subscriptions, which were set to end within the next three months, through February. The company had bundled a one-year free subscription to its video-streaming service, which debuted in...

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Pandora Papers: EFCC opens probe of Tinubu, Obi, Oduah, NPA boss, others

There are indications that the Economic and Crimes Commission has commenced investigations into the alleged tax evasion by some...