The naira was strengthened to 1,494.03/$ at the official window on Thursday, according to data from FMDQ Securities Exchange Limited. Similarly, an appreciation to 1,510.00/$ was recorded in the parallel market, reducing the spread between the two markets to 15.5/$. The gap between the official and parallel foreign exchange rates has been narrowing due to various policies implemented by the...
Universal Music Group (UMG) is taking a strong stand in court, pushing to remove itself from a high-profile lawsuit involving music mogul Sean “Diddy” Combs. The company argues that it has been unfairly dragged into legal battles that have nothing to do with its role in the music industry. The case was initially filed by Sara Rivers, a former member of the reality TV group Making...
Pope Francis, the beloved leader of the Catholic Church and a symbol of humility and compassion, has passed away at the age of 88. The Vatican confirmed his death early Monday morning, April 21, at his residence in the Casa Santa Marta in Vatican City. Cardinal Kevin Farrell, Camerlengo of the Apostolic Chamber, made the solemn announcement, stating that the Pope died peacefully at 7:35 a.m....
Jumia’s liquidity position improved to $133.9 million, helped by net proceeds from an at-the-market offering in August 2024. This reversed a decline of $106.9 million recorded in 2023. Net cash flows used in operating activities also showed improvement, reducing to $57.2 million from $73.0 million in the previous year. According to Jumia, key usage metrics improved in the fourth quarter,...
Ah, Nigerian relationships—where love, commitment, and mutual respect thrive! At least, that’s what the ideal version looks like. But for some Nigerian girls, dating is less about companionship and more about sponsorship. Their idea of a relationship isn’t built on love, trust, or shared dreams. It’s strictly a business transaction where the man funds the lifestyle while...
