The European Data Protection Board (EDPU) has fined Meta €1.2 billion ($1.3 billion USD) for moving user data from the EU back to the US without the express consent or necessary safeguards. The largest-ever penalty of its kind, it relates to data transfers made by Meta after the EU’s more […]
Business
Reportedly, the naira, which has been falling against major currencies in the past two weeks, has staged a rebound. It recorded gains on the parallel market as it exchanged for about N730 to a dollar on Thursday. It would be recalled that the Nigerian currency hit an all-time low of […]
Africa’s e-commerce platform; Jumia, has revealed that the 2022 Jumia Black Friday campaign tagged ‘Beat Sapa’ is geared towards helping consumers navigate the current economic realities while supporting SMEs and brands to reach millions of consumers. Speaking to journalists during a virtual conference, Massimiliano Spalazzi; Chief Executive Officer of Jumia […]
The persistent fuel scarcity, which has made petroleum products scarce in some parts of Nigeria as a result of the devastating floods in some states, is leading to panic buying in Lagos. The World Satellite detected queues in some filling stations in Lagos in the early hours of Monday. The […]
A fall in the value of the pound increases the price of goods and services imported into the UK from overseas – because when the pound is weak against the dollar or euro, for example, it costs more for companies in the UK to buy things such as food, raw […]
24hrs after the Central Bank of Nigeria (CBN) announced 100% divestment of government ownership of Polaris Bank to a new core investor; Strategic Capital Investment Limited (SCIL) analysts are optimistic the bank will continue on the trajectory of growth. Recall Vanguard reported earlier that SCIL paid an upfront consideration of […]
A concurrent jury’s decision on Wednesday has ordered Alex Jones to pay eight families of Sandy Hook Elementary School shooting victims and one first responder $965 million in compensatory damages. With its punishing award, the decision could shrink or even doom Jones’ Infowars media empire, which has been at the center of […]
Tracy Member; the founder and creative director of TEM Luxury could be described as the epitome of resilience, innovativeness, and hard work. The industrious and result-oriented entrepreneur has for the last four years continued to demonstrate her relevance and passion for the already over-saturated fashion and clothing industry. These were evident […]
The development of the Nigerian fashion industry has been fuelled in part by increased demand, but it has also been fuelled in part by the unrivaled activities of upscale clothing lines such as DUDUBlack, that have continued to propel Nigeria into the global fashion spotlight. Since DUDUBlack entered into a […]
Upscale Fashion Brand; DUDUBlack has continued to advance its commitment to reshaping the face of Nigeria’s fast fashion Industry. This was evident in a media parley wherein the founder; Emeka Nwokocha revealed how Nigeria’s economic challenges are forcing the country to pay more attention to non-oil exports, encouraging Nigerian products that […]
