Recent events indicate that not all is well between Africa’s richest man, Aliko Dangote, and some agencies of the Nigerian government. Many Nigerians had high hopes that when Dangote’s refinery started operating fully, it would significantly reduce the price of petroleum products in the country. However, this has not yet happened. Nigeria, despite being one…
Meta, the parent company of Facebook, Instagram, and WhatsApp, has announced a significant update for content creators in Nigeria and Ghana. Starting from July 1, 2024, eligible creators in these countries can start earning money from their video and reels content on Facebook. This development marks a significant step in empowering the vibrant creative industry…
Senegal has embarked on a transformative journey with the commencement of its first-ever oil production, a significant development hailed by President Bassirou Diomaye Faye as a pathway to substantial economic growth and prosperity. This milestone marks the beginning of a new era for the West African nation, promising to reshape its economic landscape. On Tuesday,…
The European Union (EU) collected a staggering €56.3 million from visa application fees paid by African nationals in 2023. This figure represents a significant 43% of the total visa application expenses incurred by applicants worldwide. African and Asian countries bore the brunt of visa rejections, accounting for 90% of all expenses related to Schengen visa…
In a shocking case of financial fraud, Tijani Muiz Adeyinka, a manager at First Bank of Nigeria, is on the run after allegedly diverting $29 million (₦40 billion) of customer deposits and converting the funds into cryptocurrency. The sophisticated scheme, which involved fake reversals, went undetected for nearly two years. Following a customer complaint, First…
As the topic of virtual and digital currencies (cryptocurrencies) gains popularity in Nigeria, numerous platforms are emerging that promise rewards in crypto points. These points can supposedly be converted into cryptocurrencies and ultimately turned into cash. The latest trend involves mobile applications where users simply tap their phone screens repeatedly to earn points, which can…
In light of the recent liquidation of Heritage Bank Plc, the Nigeria Deposit Insurance Corporation (NDIC) has laid out a comprehensive plan to ensure depositors retrieve their insured funds seamlessly. Following the Central Bank of Nigeria’s (CBN) revocation of Heritage Bank’s license, the NDIC has stepped in as the liquidator, guaranteeing depositors up to ₦5…
Social media influencer Saidaboj, whose real name is Sarah Idaji Ojone, has allegedly been suspended from the social media platform TikTok. Saidaboj’s suspension happened after a video in which she made statements considered offensive by many people went viral online. The popular skit maker’s trouble started after she made comments encouraging young females to engage…
Bitcoin (BTC) experienced its largest single-day gain in nearly two months on Wednesday, driven by weak U.S. economic data that has increased the likelihood of the Federal Reserve (Fed) cutting interest rates over the summer. This move aligns with similar actions anticipated from other major central banks, potentially signaling a period of monetary easing that…
When you want to buy land or a house in Lagos State, you need to go through some legal processes to acquire your Certificate of Occupancy “CofO” to buy government-approved land in Lagos to avoid demolition. Skincare influencer Quenneth ‘Lashiskin’ took to her Instagram page with tears in her eyes, claiming that authorities demolished her…