Boots to cut 4,000 jobs and close 48 stores

< 1 min read British health and beauty retailer Boots plans to cut 4,000 jobs and close 48 optician stores, in the latest major blow to the country’s retail sector from the COVID-19 crisis. British brands including John Lewis and Harrods have announced thousands of job cuts in the last two weeks after the pandemic forced customers to shop online and many remained reluctant…

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CBN bows to market pressure, devalues naira again

5 min read • ‘Timing coincidental, nothing to do with IMF, World Bank’ • Economists advocate currency, lifestyle audit • Moghalu, Sanusi, others disagree on exchange rate unification The country’s fiscal state faces tougher times as the Central Bank of Nigeria (CBN) bowed to pressure, last week, and further devalued the local currency. The adjustment of the exchange rate at the busiest window…

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Black Friday 2018: all the best UK deals and offers

5 min read The countdown is on to Britain’s biggest shopping event – Black Friday – and with many high street retailers struggling, shoppers can expect to bag some good bargains. This year Black Friday falls on 23 November and will be followed three days later by Cyber Monday, probably the busiest day of the year for online shopping. Black Friday originated in the US,…

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MMM founder Mavrodi dies of heart attack

< 1 min read According to media reports, founder of the MMM series of financial pyramid schemes, Sergei Mavrodi, has died in Moscow. Mavrodi was taken to a city hospital from a bus stop overnight Monday after he felt weakness and pain in the chest area, reports Moskovsky Komsomolets. The emergency team has failed to save his life. “He died this morning,” the report…

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Bill Gates faults Nigeria’s economic growth scheme; says not fit for purpose

4 min read Bill Gate, the Co-chair of the Bill & Melinda Gates Foundation, yesterday faulted the Federal Government’s Economic Recovery And Growth Plan (ERGP). Addressing stakeholders at the special session of the National Economic Council (NEC) meeting presided over by Vice President Yemi Osinbajo in the Presidential Villa, Abuja, Gates stressed the need for the President Muhammadu Buhari-led administration to take a…

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Princess Tutu’s paint sells for African record N508million

2 min read Ben Enwonwu’s  paint of Ile-Ife princess,  Adetutu Ademiluyi, known as Tutu, has fetched in a London auction £1, 205,000, four times more than expected. In naira terms, it was sold for N508, 358, 301, an African record. The Nigerian masterpiece, initially declared missing was found in a “modest north London flat” recently. The painting, ranked by arts collectors with Mona…

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Huawei, Samsung launch new gadgets

3 min read China’s Huawei and Samsung launched new gadgets on Sunday,on the eve of the opening of the Mobile World Congress in Barcelona, Spain. While Huawei launched a new laptop and tablet to cement its place among the world’s three biggest electronic device manufacturers, Samsung unveiled its new flagship smartphone, Galaxy S9 with a focus on augmented reality features as it seeks to…

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Amazon’s Jeff Bezos confirmed as world’s richest man

< 1 min read Move over Bill Gates. Amazon CEO Jeff Bezos has now been confirmed  the world’s richest man, not just at present, but of all time. Both Bloomberg and Forbes have put Bezos on top of their billionaire lists. Bloomberg said Bezos’ net worth reached 106 billion U.S. dollars while Forbes put it at 105 billion as of Wednesday. The previous record…

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Apple begs iPhone users over glitches, offers discounted battery

2 min read Apple on Thursday apologized to its customers for slowing down performance of older iPhone models and said it would discount replacement batteries for some of its handsets. The move by Apple was a response to an uproar from iPhone users — and a series of lawsuits — after news of the battery problems stoked concerns the company was unfairly nudging…

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The year’s top development stories: 2017 in review

12 min read

As Donald Trump cut funding for family planning and people from east Africa to Yemen went hungry, peace finally gained a foothold in Colombia

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