Access Bank Plc has entered into a binding agreement to acquire a 100% equity stake in Bidvest Bank, a South African financial institution under the Bidvest Group Limited. This acquisition marks a significant milestone in Access Bank’s ongoing efforts to expand its operations across the continent, strengthen its presence in the African landscape and enhance…
Nigeria’s Minister of Power, Adebayo Adelabu, has unveiled ambitious plans to expand the country’s national grid by an additional 150 megawatts (MW) before the end of the year. This announcement came during a briefing with State House correspondents following a closed-door meeting between German President Frank-Walter Steinmeier and Nigerian President Bola Tinubu at the Presidential…
Meta Platforms, the tech giant behind Facebook, Instagram, and WhatsApp, has made a surprising move by donating $1 million to President-elect Donald Trump’s inaugural fund. This was made known by the company spokesperson, confirming the donation via email to Reuters. This development, first reported by The Wall Street Journal, marks a notable departure from the…
Renowned investor and hedge fund manager Ray Dalio has issued a stark warning about the unsustainable levels of global debt, calling on investors to pivot away from traditional debt instruments like bonds in favor of “hard money” assets such as gold and Bitcoin. Speaking at a financial conference in Abu Dhabi, Dalio highlighted the mounting…
After five-and-a-half years of meticulous restoration, Paris’ iconic Notre-Dame Cathedral is set to reopen its doors on Saturday. The world watched in horror on April 15, 2019, when a devastating fire ravaged this 860-year-old Gothic masterpiece, destroying its spire and roof and bringing it perilously close to collapse. Now, the cathedral stands renewed, symbolizing hope,…
The oilfield services sector is gearing up for significant consolidation in 2025, fueled by anticipated regulatory changes under the incoming administration of President-elect Donald Trump. According to Deloitte’s 2025 Oil and Gas Industry Outlook, Trump’s expected rollback of regulations on the U.S. oil and gas industry could pave the way for an uptick in mergers…
Saylor highlighted that Bitcoin has consistently outperformed Microsoft shares, achieving an annualized return 12 times higher than the tech company’s stock.
The World Trade Organization (WTO) has reappointed Ngozi Okonjo-Iweala for a second term as director-general, solidifying her position as the first woman and the first African to lead the global trade body. This decision, announced on Friday, was made by consensus during a special closed-door meeting of the WTO’s General Council, underscoring her unopposed candidacy…
Coinbase has announced it will end its USDC Rewards program for customers in the European Economic Area (EEA) on December 1, citing compliance with the EU’s new Markets in Crypto-Assets (MiCA) regulations. The decision, confirmed in a November 28 email shared on social media platform X, has sparked disappointment and frustration among affected customers. MICA…
This ruling followed a legal challenge brought by MultiChoice Nigeria Ltd and Details Nigeria Limited (operators of GOtv) against the National Broadcasting Commission (NBC).
