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

The movers and shakers of the video game industry will gather Thursday in Los Angeles to celebrate the annual Game Awards, the sector’s equivalent of the Oscars. But no amount of glitz and glamour can put a sheen on what has been one of the worst years in the industry’s history, marked by waves of … Read more

In a patch of South America rich in lithium, used to make batteries for electric cars and other tech, Bolivia is lagging behind its neighbors in the race to mine the key metal. An area called the Lithium Triangle which spills over the borders of Bolivia, Chile and Argentina is home to 60 percent of … Read more

Last week’s slaying of UnitedHealthcare executive Brian Thompson has brought renewed attention to the widespread dissatisfaction with the American health care system, even as prominent leaders have condemned the killing. Reports that the casings of the bullets fired by suspected shooter Luigi Mangione had the words “depose, deny, delay” inscribed on them prompted horror stories … Read more

The U.S. Mission in Nigeria is calling on qualified organizations to apply for a grant opportunity designed to empower talented, low-income Nigerian students to pursue their academic aspirations in the United States. This announcement, made by the Public Diplomacy Section of the U.S. Mission, underscores the United States’ commitment to fostering educational exchange and building … Read more

Muhammadu Sanusi II, the Emir of Kano, has expressed his confusion over security operatives’ recent blockade of his palace. Despite the blockade, which restricted movement in and out of the palace, the Emir remains unaware of the reasons behind the action. There are unconfirmed claims that the development was in connection with the appointment of … Read more

Economic officials in outgoing President Joe Biden’s administration are set to meet their Chinese counterparts this week for talks, in a final effort to strengthen ties before Donald Trump’s White House return. The talks come as Treasury Secretary Janet Yellen stressed in an interview Wednesday the need for “ongoing communications at all levels” to avoid … Read more

The Emir of Kano, Muhammad Sanusi II, has assured residents of Bichi local government area in Kano state that the Emirate Council will ensure the peaceful conveyance of their district head, Munir Sanusi Bayero, to assume his duties in Bichi. Sanusi gave this assurance on Wednesday, December 11, during a solidarity visit by traditional and … Read more

Social media commentator, Martins Ortse, popularly known as VeryDarkMan (VDM), has denied allegations of threatening the life of Nyesom Wike, Minister of the Federal Capital Territory (FCT), over the revocation of a land belonging to the family of the late Colonel Paul Osakpamwan Ogbebor. The controversy began after a video circulated online claiming that Wike … Read more

The 16th Emir of Kano, Muhammadu Sanusi II, has stated that the Kano Emirate is still unaware of the reasons behind the sealing of his palace by security operatives last week. Naija News reported that police and DSS operatives had blocked the entrance to the Gidan Rumfa Palace, restraining free movement in and out. The … Read more