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BlackRock to acquire Adebayo Ogunlesi’s GIP for $12.5b
News Tech

BlackRock to acquire Adebayo Ogunlesi’s GIP for $12.5b

BlackRock Inc. has disclosed its readiness to acquire Adebayo Ogunlesi’s Global Infrastructure Partners for around $12.5 billion. The acquisition is anticipated to finalize in the third quarter and BlackRock will pay $3 billion in cash and around 12 million shares, which would have been valued at nearly $9.5 billion at Thursday’s closing. Ogunlesi, the chairman […]

Top 10 oldest airports in the world
Aviation

Top 10 oldest airports in the world

Airports have been in existence since the year since the year 1909, ever since, it has been a major mode of transportation all over the world. Here are the top 10 oldest airports in the world: 1. College Park Airport, US This airport located in the city of College Park, Maryland, is the world’s oldest […]

Top 10 biggest airports in Africa
featured

Top 10 biggest airports in Africa

Africa is a vast and diverse continent with variations in infrastructure and economic growth. Africa’s air travel is centered on large hubs such as Johannesburg, South Africa, Nairobi, Kenya, Cairo, Egypt, and Addis Ababa, Ethiopia. These cities’ airports serve as vital connecting hubs for international and domestic flights. Air travel in Africa has grown rapidly […]

NNPCL fuel subsidy gains not fully remitted - World Bank
News

FG to expand $100m world bank-funded women’s project

The Federal Government has announced plans to expand the Nigeria for Women Project in partnership with the World Bank. AMBusiness reports that the alliance aims to expand economic empowerment to more rural populations. The Minister of Women Affairs, Uju Kennedy-Ohanenye, made the announcement during a crucial meeting in Abuja on Thursday, which was attended by key […]

OpenAI CEO Sam Altman weds partner
News Tech

OpenAI CEO Sam Altman weds partner

OpenAI CEO Sam Altman on Friday wedded his partner Oliver Mulherin in a beachside wedding in Hawaii. Speaking to NBC News, Altman confirmed the news of his marriage following the appearance of images from the union on social media. The images displayed Altman and Mulherin at the location with perhaps a dozen people and palm […]

Nigeria leads Africa’s booming beauty market — Report
Business

Nigeria leads Africa’s booming beauty market — Report

Nigerians have always stood out when it comes to beauty and personal care. Little wonder the Nigerian market was reported to have imported more than $1.1 billion in cosmetics, fragrances, essential oils, and toiletries. This data comes from a comprehensive study by Beauty West Africa, the organizers of Africa’s largest beauty show event, which took place at the […]

Amazon lays off staff at Audible
News Tech

Amazon lays off staff at Audible

Amazon is cutting off 5% of the personnel at Audible, Business Insider reported on Thursday, citing a message by the president of the audiobook and podcast division. Amazon acquired the audiobook provider Audible in 2008 for around $300 million. The revelation comes as internet giants continue to drastically reduce employment, with several extending their layoffs […]

BVN registration hits 60.2m as CBN deadline nears
News

BVN registration hits 60.2m as CBN deadline nears

The number of people who have registered for a Bank Verification Number has risen to 60.2 million as of January 10, 2024. This was disclosed in the most recent BVN registration data issued by the Nigeria Inter-Bank Settlement System. The BVN database reached at 59.9 million as of December 18, 2023. According to this, between late […]

Online community platform Discord lays off staff
News Tech

Online community platform Discord lays off staff

Online community network, Discord, is letting go of 170 employees, or 17% of its workforce. Discord CEO Jason Citron laid the blame for recent layoffs on overhiring in an internal document that was acquired by The Verge. This is in line with other tech CEOs’ justifications. On Thursday, the layoffs were disclosed at an all-hands […]

Google introduces updates to play store
News Tech

Google to allow more real-money games on Play Store

Google said on Friday that it will enable additional kinds of games in the category that go by local rules in order to encourage more real-money games on the Play Store this year. According to the search giant, the extended support for the real-money gambling program will launch in June in Mexico, Brazil, and India, […]

Disney subsidiary Pixar to lay off staff
News Tech

Disney subsidiary Pixar to lay off staff

The Disney-owned animation studio Pixar has acknowledged that it would be laying off employees this year. Techcrunch reports that Pixar’s staff of 1,300 will be reduced to less than 1,000 over the next several months due to massive layoffs that might reach up to 20%. Pixar claims that these figures are excessive. The studio emphasized […]

Kano Disco's $200m funding to benefit 25m Nigerians
Electricity

Kano Disco’s $200m funding to benefit 25m Nigerians

Kano Electricity Distribution Company is seeking $200 million in investment to modernize its infrastructure and modify electricity distribution for an estimated 25 million Nigerians. According to Businessday, Kano Electric is partnering with a Mauritius-based firm, BlackAion Capital, to re-capitalize the network and specifically work on the $200 million fundraise for the interconnected mini-grids and embedded generation projects in […]

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