American rapper, entrepreneur, and music mogul Sean “Jay-Z” Carter has officially been crowned the world’s richest musician, according to Forbes, with an impressive net worth of $2.5 billion. Jay-Z’s massive fortune comes from a vast business empire that extends well beyond music. His investments span several high-value industries, including ownership stakes in Roc Nation—his globally…
Facebook’s parent company, Meta, is under fire following the leak of an internal document suggesting its artificial intelligence (AI) systems were permitted to engage in “sensual” and “romantic” conversations with children. The document, titled GenAI: Content Risk Standards and obtained by Reuters, triggered strong condemnation from U.S. Senator Josh Hawley, who called the revelations “reprehensible…
Nigeria’s headline inflation rate eased to 21.88 percent in July 2025, down from 22.22 percent in June, the National Bureau of Statistics (NBS) reported. According to the Consumer Price Index (CPI) report, this marks the fourth consecutive month of disinflation in 2025, reflecting a 0.34 percentage point decline from the previous month. On a year-on-year…
The National Basketball Association (NBA) has officially approved the sale of the Boston Celtics to an investment group led by American billionaire Bill Chisholm, five months after the record-breaking $6.1 billion agreement was reached. “The NBA Board of Governors has unanimously approved the sale of controlling interests in the Boston Celtics to an investor group…
On Thursday, August 14, Bitcoin surged to an all-time high of $124,000, driven by increasing interest from U.S. retirement accounts, institutional investors, and treasury firms. This rise came alongside a strong rally in American stock markets, reflecting a broader surge in global risk appetite. The world’s largest cryptocurrency by market value gained 0.9% above its…
Eastman Kodak, the iconic photography company founded in the 19th century, has issued a warning to investors that it may not be able to continue operating. In its latest earnings report released Monday, Kodak revealed it lacks “committed financing or available liquidity” to meet roughly $500 million in upcoming debt payments. This financial strain “raises…
The Transmission Company of Nigeria (TCN) has disclosed that the federal government has spent more than N88 billion repairing and restoring power infrastructure damaged by vandalism nationwide between 2021 and 2025. Seyi Onabajo, TCN’s Principal Manager (Lines) for the Lagos Region, revealed this during a sensitisation programme held at the Odogunyan 132 kilovolt (kV) transmission…
The Federal Capital Territory (FCT) has surpassed Lagos as Nigeria’s top destination for foreign investment, according to the latest figures released by the National Bureau of Statistics (NBS). The report, titled Nigeria Capital Importation, Q1 2025, showed that the FCT attracted $3.04 billion in capital inflows during the first quarter of 2025, outpacing Lagos, which…
On Tuesday, August 5, Meta announced it had shut down nearly seven million WhatsApp accounts linked to scammers during the first half of 2025 and is intensifying efforts to combat such fraud. “Our team identified and disabled these accounts before the criminal organizations behind them could exploit them,” said Clair Deevy, WhatsApp’s External Affairs Director.…
Tesla CEO Elon Musk has been awarded a $29 billion compensation package by the company’s board, reigniting debate over executive pay as legal and shareholder scrutiny continues. The package stems from Musk’s disputed 2018 performance award, which was struck down earlier this year by a Delaware court following a shareholder lawsuit. Tesla is currently appealing…
