Kuda Bank Achieves 1m Core Customer
Kuda Technologies, the digital-led challenger bank for Africa said that its Nigeria subsidiary – Kuda Microfinance Bank – has acquired over one million customers. To celebrate the milestone, Kuda Chief Executive Officer, Babs Ogundeyi, and Chief Technical Officer, Musty Mustapha, presented the bank’s 1-millionth customer, Mr. Abiola Jewoola, a gift of N1 million at its […]
Following Nigeria’s 0.51% GDP Growth In Q1 2021, Analysts List Ways To Boost Momentum
Analysts on Sunday urged the federal government to continue to develop policies to attract investments to Nigeria and to sustain targeted interventions in order for the country to sustain its positive economic growth trajectory. The advice came as the country recorded a Gross Domestic Product (GDP) growth rate of 0.51 per cent (year-on-year) in the […]
NUPENG Threatens Nationwide Strikes As FG Fails To Caution El-Rufai
The National Union of Petroleum and Natural Gas Workers has threatened to go on a nationwide strike if the Federal Government fails to caution Kaduna State Governor, Nasir El-Rufai, who has declared the leadership of the organized labor wanted. If NUPENG proceeds on a strike like this it will affect the supply and distribution of […]
Amid Divorce Proceedings, Bill Gates Acknowledges Affair With Employee Which Microsoft Investigated
Bill Gates acknowledged through a spokeswoman that he had an extramarital affair with a Microsoft employee, which Microsoft said led its board to investigate the “intimate relationship” shortly before he resigned from the board last year. It is not clear what role the investigation or the affair, which took place two decades ago, played in […]
Woman Says $26m California Lottery Ticket Destroyed In Wash
The winner of a $26 million California Lottery prize may have literally washed the chance of a fortune down the drain. The winning SuperLotto Plus ticket for the Nov. 14 drawing was sold at an Arco AM/PM convenience store in the Los Angeles suburb of Norwalk. Thursday was the last day to redeem it. Nobody […]
Nigerian Airlines Blame Dollar Scarcity, Pandemic for Rising Fares
Airlines have attributed the skyrocketing airfares, which have elicited disaffection from travellers to the scarcity of dollars and the Covid-19 pandemic. The airlines, in separate interviews with THISDAY, warned travellers to brace for a higher fare regime as economic indicators show that the problems are not likely to abate soon. From N28, 000 for a […]
Tesla Halts Its Romance With Bitcoin Citing Climate Concerns
Tesla hit the brakes Wednesday on letting people pay for electric cars with bitcoin, saying the computing-intense mining process of creating new cryptocurrency spews climate-harming emissions. “We are concerned about rapidly increasing use of fossil fuels for bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel,” Tesla chief executive Elon Musk said in […]
Gas Prices Rise, Demand Spikes After Pipeline Hack
A growing number of gas stations along the East Coast are without fuel as nervous drivers aggressively fill up their tanks following a ransomware attack that shut down the Colonial Pipeline, a critical artery for gasoline. The panic-buying threatens to exacerbate the supply shock. As of 4 pm ET Tuesday, 8.5% of gas stations in […]
Malabu Oil Deal: JPMorgan Was Warned $875m Payment to Former Nigeria Oil Minister Etete Was Graft Risk
JPMorgan Chase & Co. was warned by its compliance team over the “great risk” of corruption just days before it made the last of three transfers that totaled $875 million to former Nigerian oil minister Dan Etete. The internal memo is set to be scrutinized in a London lawsuit brought by the West African nation. […]
CBN Governor Rejects The Prospect Of Raising Ban On Maize Import
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has on Thursday rejected the prospect of raising the current import ban placed on maize. On the same day, the Rice Processors Association of Nigeria (RIPAN) disagreed with a directive by Senate Committee on Ethics, Privileges, and Public Petitions to Nigeria Customs Service […]
