Business

Bill Gates steps down from Microsoft board to focus on philanthropy

Microsoft co-founder Bill Gates is stepping down from the company’s board so he can focus on philanthropy. Mr Gates was Microsoft’s chief executive until 2000 and has since scaled back his involvement in the company he founded with Paul Allen in 1975. He quit his full-time executive role at Microsoft in 2008 and remained as …

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Africa’s Richest Man, Dangote Loses N240 Billion In Five Hours Due To Coronavirus

Africa’s richest man Aliko Dangote on Wednesday lost more than N240 billion in five hours as the effect of the coronavirus bit harder on the Stock Exchange. Dangote’s firms under the parent-company ‘Dangote Group’, suffered huge losses just after the World Health Organisation (WHO) declared coronavirus a pandemic (spreading in multiple countries around the world at the …

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Hong Kong Airlines fires 400 workers and asks remaining staff to take unpaid leave as coronavirus hits travel firms

Hong Kong Airlines will cut 400 jobs and ask remaining staff to take at least two months of unpaid leave as the coronavirus outbreak worsens the weakened carrier’s financial crisis. The bulk of the cuts – which amount to about 10 per cent of its workforce – were set to fall on pilots and cabin …

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Jeff Bezos Made $13 Billion In 15 Minutes In Amazon Stock

Jeff Bezos has added a couple more commas to his bank account, after Amazon’s stock experienced a 12 percent surge in a matter of 15 minutes on Thursday afternoon. The surge reportedly made Jeff a whopping $13.2 billion, raising his net worth to about $129.5 billion. Bezos, 56, owns about 12% of Amazon’s outstanding stock, making …

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Bill Gates daughter engaged to Her Egyptian Showjumper boyfriend Nayel Nassar

Bill Gates’ daughter Jennifer Gates has announced her engagement to Egyptian showjumper Nayel Nassar. Jennifer, 23, on Wednesday, announced her engagement to Nassar, 28, via her Instagram page in which she shared a picture that depicted her reaction after her new fiancé proposed during a snowy ski trip “Nayel Nassar, you are one of a kind. Absolutely swept …

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‘Africa’s richest woman’ Isabel dos Santos charged with fraud

Isabel dos Santos, Africa’s richest woman has been charged with fraud which took place during her stewardship of state-owned oil firm Sonangol. Angola’s billionaire former first daughter Isabel dos Santo’s has been charged in the southern African country with money laundering and mismanagement during her stewardship of state-owned oil firm Sonangol, the Angolan prosecutor general …

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Africa ‘Will Define’ the Future of Bitcoin — Twitter CEO Jack Dorsey plans to move to Africa

Twitter chief Jack Dorsey said  that he plans to move to Africa for up to six months next year. The tech executive announced the planned move following a month-long trip visiting entrepreneurs on the continent. Dorsey, 43, has a reported net worth of $3.9 billion. “Sad to be leaving the continent…for now,” Dorsey tweeted Wednesday. “Africa will …

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Manchester City owner to sell a $500 million stake to private equity firm Silver Lake

Sheikh Mansour bin Zayed Al Nahyan, owner of English Premier League champions, Manchester City and City Football Group, has sold about 10 per cent of the shares to Silver Lake, a private equity investor for about $500 million.   The deal values City Football Group at US$4.8B post-investment. Apart from its ownership of Manchester City, …

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Allen Onyema; AirPeace and Huawei Similarity by Stephen Akintayo.

Recently controversy has been going on about the CEO of Airpeace  Allen Onyema, after being indicted by the US govt in alleged bank Fraud. Here is what a facebook user by name Stephen Akintayo has to say about it………. Nigerians are like their Government, quick to praise you when you do things in their selfish …

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Air Peace: Fresh Facts Unfolds Regarding Aircraft Purchase

The controversy surrounding the Boss of Air Peace have taking another dimension Contrary to allegations that Chairman/Chief Executive Officer of thriving airline, Chief Allen Onyema, laundered money in the United States of America, fresh facts have emerged that the fund was used for purchase of aircrafts. Sources privy to the deal said the letter of …

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