The African Development Bank (AfDB) says the newly launched Agro-Industrial Processing Zones in Nigeria has the potential to solve the country’s poverty, hunger and foreign exchange challenges. In an interview with the News Agency of Nigeria (NAN), Prof. Banji Oyelaran-Oyeyinka, Special Adviser on Industrialisation to the President of the AfDB, said if properly harnessed, the […]
The Nigeria Export Processing Zones Authority (NEPZA) has opposed some sections of the proposed Custom Service reform bill, saying that it will cripple Free Trade Zones in the country. A statement issued on Thursday in Abuja by Mr Martins Odeh, Head, Corporate Communications, NEPZA, said that giving the Customs Service powers to make regulations in […]
Social media platform Reddit has announced that it has started the process to sell its shares on the stock market. In a confidential filing, it did not reveal how many shares it planned to sell or the price of the shares. In August, the company said it had raised $700m (£528m) in new funding, valuing […]
Bruce Springsteen has sold the master recordings and publishing rights for his life’s work to Sony for a reported $500m (£376m). The deal gives Sony ownership of his 20 studio albums, including classics like Born To Run, The River and Born In The USA, according to multiple US reports. A 20-time Grammy winner, Springsteen’s music […]
Paris’ largest taxi firm, G7, has suspended the use of Tesla Model 3 cars in its fleet, after one was involved in a fatal accident over the weekend. One person was killed and another 20 injured, after a driver lost control of the vehicle. Tesla has denied any technical problem with the car, which has […]
Seven cryptocurrency adverts have been banned by the UK’s advertising watchdog. The Advertising Standards Authority (ASA) says monitoring cryptoassets, like Bitcoin, is a “red-alert priority” following concerns that many ads fail to fully convey the risks of investing. The banned ads included a promotion by a pizza chain and Facebook ads for a large cryptocurrency […]
The Board of Executive Directors of Islamic Development Bank (IsDB) has approved a multi-year financial facility programme of 98 million dollar for promotion of Bilingual Education in Nigeria. This is contained in a statement issued by Mr David Apeh, Head, Public Relations and Protocol, Universal Basic Education Commission (UBEC). The commission said that the programme […]
South Korea’s biggest dairy brand has been forced to apologise over an advert depicting women as cows. The video by Seoul Milk shows a man secretly filming a group of women in a field, who later turn into cows. After facing a public backlash, the company removed the promo from YouTube, but it has since […]
Mr Bayode Treasures-Olawunmi, World Guinness Record Holder in 2018 Longest Marathon Reading Aloud Contest, on Wednesday called on philanthropists, government and corporate organisations to donate toward building libraries across the nation. Treasures-Olawunmi, Founder of “I Read Afrika“ who is currently staging the second edition of “Read Aloud Contest” made the plea while speaking with the […]
Fast-growing crypto-currency assets could pose a danger to the established financial system, a senior Bank of England official has told the BBC. Although not much of UK households’ wealth is currently held in assets such as Bitcoin, they are becoming more mainstream, said deputy Bank governor Sir Jon Cunliffe. If their value fell sharply, it […]