South Korea’s flag carrier Korean Air said Thursday it had bought a majority stake in rival Asiana Airlines for $1 billion, making it the effective owner four years after first expressing its takeover intentions. With the acquisition of a 63.88 percent stake, Korean Air said it had invested 1.5 trillion won in the merger, “making … Read more

What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? See the black market Dollar to Naira exchange rate for 11th December, below. You can swap your dollar for Naira at these rates. How much is a dollar to naira today in the black market? … Read more

Australia will force Meta and Google to pay for news shared on their platforms under a new scheme unveiled Thursday, threatening to tax them if they refuse to strike deals with local media. Traditional media companies the world over are in a battle for survival as precious advertising dollars are hoovered up online. Australia wants … Read more

A Nigerian family’s journey to homeownership in the United Kingdom has captured the hearts of social media users. Their inspiring story quickly went viral with many netizens wishing them well and tapping into their blessing. Couple in UK becomes house owners TikTok user @its_veeachalu shared a captivating video showcasing their stunning new home, sparking massive … Read more

Australia will force Meta and Google to pay for news shared on their platforms under a new scheme unveiled Thursday, threatening to tax them if they refuse to strike deals with local media. Traditional media companies the world over are in a battle for survival as precious advertising dollars are hoovered up online. Australia wants … Read more

Popular Nigerian singer, Crown Uzama, known professionally as Shallipopi, has accused Dapper Music of financial exploitation, weeks after announcing his exit from the label. Naija News reports that Shallipopi parted ways from the record label in November 2024. In a statement released on Wednesday, Shallipopi accused the label of breach of trust and mishandling his finances. … Read more

Wholesale gas-producing companies have formally notified all power generation companies of the suspension of natural gas supply. This was disclosed by the Chief Executive Officer of the Association of Power Generation Companies, Joy Ogaji, during an interview with Punch. The suspension of the gas supply is due to the non-payment of debts accrued from previous … Read more

Equities swung in Asian trade Thursday following another record day on Wall Street fuelled by inflation data that reinforced expectations for a US interest rate cut next week, while traders also remained hopeful for more measures to stimulate China’s economy. Seoul’s Kospi ticked higher for a third straight day, eating further into the losses sustained … Read more

Faced with a stuttering economy, political turbulence in the eurozone and the prospect of renewed trade tensions with the United States, the European Central Bank is Thursday set to cut interest rates again. It would be the ECB’s third straight reduction as it increasingly focuses on spurring lending to boost consumer spending and business investment … Read more