UN back AfDB's $10 billion desert to power initiative, African Development Bank, United Nations, António Guterres and Akinwumi Adesina

UN supports AfDB’s $10bn ‘Desert to Power’ initiative for Africa

The initiative by the African Development Bank (@AfDB_Group) to power millions of households in Africa has been backed by the United Nations (@UN). This is in a bid to ensure the success of the electricity project.
Andre Iguodala joins Jumia board of directors

Popular NBA star Andre Iguodala joins Jumia’s board of directors

American basketball star, Andre Iguodala, has been announced as the newest members of Jumia's Board of Directors.
Royal Dutch Shell Plc

Shell hits $6bn profit for Q1 2019, distributes $3.9bn dividends

Royal Dutch Shell Plc has released its Q1 2019 result. The official earning declaration shows the company made $6 billion profit.
Coca Cola HBC, Coca Cola HBC financial result, Coca Cola HBC first half result, Coca Cola franchiseNigerian Bottling Company Coca Cola NBC, Nairametrics, Eco-friendly bottles, climate change

Nigerian consumers dispel Coca Cola’s fears as growth hits $3.76 billion

Coca Cola HBC has released its earnings for the first half of 2019, reporting a growth of 3.8%. The growth in the company's net sales was driven by consumer demand within Nigeria, which is one of its revenue driver in Africa.
Uber acquires Careem, Dubai ride-hailing services, Regulatory approvals

Uber’s acquisition of rival, Careem, raises anti-competition concerns

Uber will drop a whopping $3.1 billion to acquire Dubai-bases Careem. But officials are not pleased with the development.
Saudi Aramco

Oil prices spike after Saudi Aramco facilities suffer drone attack

The facilities of Saudi Aramco suffered setback early Tuesday morning after explosive-laden drones attacked two pumping stations belonging to the state-owned oil company.
Ethiopian Airlines crash, Lion Air Crash, Boeing 737-Max 8 crash preliminary report, Boeing 737-Max models not suitable for some airports

Boeing earlier disclosed that its Max models are not suitable for some airports

The @Boeing 737 max models were earlier classified as unsuitable for some kinds of airports. Find out what kinds of airports and why it matters now.
Jeff Bezos and wife Mackenzie divorce, Jeff Bezos Amazon shares, MacKenzie Amazon Shares, Lauren Sanchez, World Richest Man

Jeff Bezos and wife, MacKenzie, split Amazon shares as divorce nears end

The Founder and Chief Executive Officer of Amazon, Jeff Bezos, will retain his voting power in the company after reaching a divorce agreement with his wife, MacKenzie.
MacKenzie Bezos is set to get her bumper divorce settlement

MacKenzie Bezos is set to get her bumper divorce settlement

Mackenzie Bezos is on her to becoming the third richest woman in the world as the the transfer of Amazon stock to her is expected to happen this week.
Uber to ban low rated passengers from its services Kate Parker writes on Uber blog

As Uber plans to ban low-rated passengers, here’s how to avoid that

@Uber now believes that the customers are not always right. In line with this, the car hailing company plans to ban disrespectful riders. Click link for details...
AXA Mansard, Liverpool, English Premier League, EPL, Insurance, Sponsorship, Corporate deals, Consolidation

AXA Mansard announces AXA, Liverpool global partnership

French multinational insurance firm, AXA, the parent company of Nigerian insurance firm, AXA Mansard, has signed a global partnership with English Premier League (EPL) club, Liverpool.
Indian seafarer

The implications of India’s recent ban of its seafarers off Nigeria’s waters

India’s Director-General of Shipping, Capt Anish Joseph, has banned seafarers of Indian origin from working in various coastal states jurisdiction in the Gulf of Guinea.
Jim Ratcliffe may buy Chelsea

Britain’s richest billionaire may acquire Chelsea FC for N1.2 trillion

British billionaire, Sir Jim Ratcliffe, may succeed Roman Abramovich as Chelsea FC's owner. Ratcliffe had held talks over the potential takeover.
YouTube Boycott

Companies are pulling their ads from YouTube in a boycott

Companies are boycotting YouTube again after evidence shows that the video streaming site is facilitating the activities of a paedophiles.
Canada

Canada admitted over 92,000 immigrants through Express Entry in 2018

Canada's immigration system keeps improving as the country admitted more than 92,000 new permanent residents through its Express Entry system in 2018.
Bharti Airtel, Telkom Kenya, Safaricom, Telecoms, Consolidation, Regulatory approval

Airtel, Telkom consolidate to battle Kenya’s largest telecoms company

To compete better against the dominance of telecommunications company, Safaricom, in Kenya, the local unit of Bharti Airtel Limited has entered into a consolidation agreement with Telkom Kenya Ltd, which is owned by Helios Investment Partners LLP.
A Look back at Jay Z's Road to Billionaire Status

A Look back at Jay Z’s Road to Billionaire Status

Rappers have always been "singers" of truth. Little wonder when Jay-Z rapped in one of his songs that "I'm not a businessman, I'm a business, man", one could not but believe it.
Saudi Aramco

With $111.1bn profit, Saudi Aramco is World’s most profitable firm in 2018

According to credit ratings agencies, Saudi Aramco has outstripped Apple Inc., Alphabet, among others, to become the world's most profitable firm in 2018.
Gerald Cotten, Quadriga CX

BOOM: Cryptocurrency holders may lose their $145 million

The death of Gerald Cotten, the Chief Executive Officer of Digital-asset exchange Quadriga CX has left one question unanswered, how do the company's customers recover their combined C$190 million ($145 million)?
PZ Cussons to slim down Nigerian business, Imperial Leather maker sees profits slump on Nigerian woes, PZ Cussons revenues, Nigerian news, Nairametrics business news, Naija news

PZ Cussons to trim down its subsidiary in Nigeria

PZ Cussons has disclosed that it would be trimming down its operations in Nigeria after the country's hostile business environment caused the company's 2018 global profit to slump compared to the previous year.
Boeing CEO addresses new issues on Boeing 737 MaxFAA pilots discovers flaw on Boeing 737 Max plane, Pilots Sue Boeing, 400 Pilot X sue Boeing for 737 Max crash, MCAS, American Airlines, Air Peace, Boeing's MCAS system, Boeing suspends forecast, Boeing miss earnings projection, Boeing first quarter revenue earnings, Ethiopian Airlines B737-Max8 aircraft crash, Air Peace, Allen Onyema, Federal Government, FAA investigation into Boeing

400 pilots are suing Boeing, but won’t reveal their identities

@Boeing Boeing seems to be recording more lawsuits this year than it has recorded orders for its 737 Max planes. The latest development has seen the company sued by 400 pilots for the Lion Air and Ethiopian Airlines crashes that claimed 346 lives.
Messi emerges highest paid Sportsman on earth; here is how

Messi emerges highest paid Sportsman on earth; here is how

The latest report released by Forbes shows that Lionel Messi of Barcelona claims the top spot with a significant yearly pay of $127 million which covers $92 million salaries and $35 million endorsements.
Electric car market, Electric car companies, Toyota solar electric cars

Toyota begins solar testing for electric cars as market competition heats up

The electric car market is still in its growth phase but already saturated with various companies looking to edge out the other, however, to establish their footprints more innovations are being incorporated, and @ToyotaMotorCorp is reportedly working on one.
FBI Obinwanne Okeke

FBI arrests Invictus Group’s Obinwanne Okeke, Forbes Africa 30 Under 30 list nominee

The Chief Executive Officer of Invictus Group, Obinwanne Okeke, who in 2016 made it into Forbes Africa’s 30 Under 30 List, has been arrested by the Federal Bureau of Investigation (FBI) for conspiracy to commit computer fraud. 
Avengers: Endgame

Marvel’s Avengers: Endgame beats Titanic’s $2.12bn box office record

In just a few weeks following its release, Marvel's highly-acclaimed  film, Avengers: Endgame, is said to have surpassed the 21-year-old record set by Titanic which...
Airbus unveils world's longest single-aisle airliner; the Airbus321XLR

Airbus unveils world’s longest single-aisle airliner; the Airbus321XLR

Aircraft manufacturer, Airbus, has unveiled the design for the Airbus321XLR, the world’s longest-range single-aisle airliner. 
Here is the World's most expensive Car - Bugatti La Voiture Noire

The world’s most expensive car is the Bugatti La Voiture Noire

The super hyper sports car, La Voiture Noire, is the world's most expensive car sold at €11 Million.
US economy, US Government Shutdown

United States loses $11 billion to shutdown

The five-week partial shutdown of the United States government has cost the North-American country $11 billion, a report by the country's Congressional Budget Office disclosed on Monday.
London Stock Exchange

Why the London Stock Exchange is scouting for potential African listings

The London Stock Exchange (LSE) is on the road, scouting for potential new listings from African countries, including Nigeria.
Stanbic IBTC addresses China's role in bank's ecosystem

Stanbic IBTC addresses China’s role in bank’s ecosystem

Nigerian lender, Stanbic IBTC have joined fellow Chinese nationals in Nigeria to celebrate the Asian country's new year, while underlying the important role the Chinese community in Nigeria have played in the bank's business ecosystem.

Popular

International Breweries beer war

Beer Wars: International Breweries takes number 2 market share from Guinness Plc

Comparative data from the financial statements of three of the largest beer makers in the country suggest that Guinness Nigeria Plc has lost its place as the second-largest brewery by revenues to International Breweries.
FBI Obinwanne Okeke

FBI arrests Invictus Group’s Obinwanne Okeke, Forbes Africa 30 Under 30 list nominee

The Chief Executive Officer of Invictus Group, Obinwanne Okeke, who in 2016 made it into Forbes Africa’s 30 Under 30 List, has been arrested by the Federal Bureau of Investigation (FBI) for conspiracy to commit computer fraud. 
EFCC mounts up investigations on FIRS staff accounts over N1.2bn fraud

EFCC resumes investigation of FIRS officials over more than N1.2 billion fraud

The EFCC has resumed investigations on the members of staff of the FIRS over the N1.2bn duty tour allowance (DTA) fraud.