(Brands & Consumers)
Toyota vehicles dominate the Nigerian automotive landscape, constituting the largest share of cars on the country’s roads. In fact, for every five cars you encounter navigating Nigerian streets, at least one proudly bears the Toyota emblem. The affinity that Nigerians hold for Toyota automobiles is unmistakable, and the Japanese automaker has firmly established its presence…
In a revelation dating back to January 2022, Errol Musk, father of tech mogul Elon Musk, disclosed that he turned down his son’s generous offer to gift him a Tesla car and have it shipped to his residence in South Africa. The decision was based on the considerable expenses associated with shipping and import fees,…
Microsoft CEO Satya Nadella has expressed concerns over Google’s continued dominance in online search, emphasizing its impact on internet security and the emerging field of artificial intelligence. Nadella’s comments came during his testimony in the US government’s ongoing antitrust trial against Google. He pointed out Google’s role as the default search engine on mobile devices…
Renowned rapper and entrepreneur Snoop Dogg has reportedly ended his involvement with the Indonesian coffee company, INDOxyz, just a few months after the company’s launch. According to an exclusive report by Page Six, Snoop, also known as The Doggfather, quietly disengaged from the partnership shortly before the end of the summer season. While the exact…
Haitham Al Ghais, the Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), emphasized the urgent need for substantial investments in the global oil industry to maintain energy security and prevent a surge in crude oil prices. In an interview with CNN’s Becky Anderson during the ADIPEC energy conference in Abu Dhabi, Al Ghais…
In 2023, rough diamond prices have experienced a notable dip, marking their lowest point in a year. This decline is attributed to shifting consumer trends in the post-pandemic era, with many individuals showing a preference for experiences over luxury goods. According to data from the Zimnisky Global Rough Diamond Index, the current prices reflect a…
In a groundbreaking development, the Senate Banking Committee has approved the Secure and Fair Enforcement Regulation (SAFER) Banking Act, marking a significant milestone in the quest to bridge the gap between financial institutions and cannabis-related businesses. The legislation aims to address a long-standing financial impasse that has forced cannabis companies to operate primarily with cash….
Snoop Dogg, the iconic rapper and entrepreneur, is once again making waves in the metaverse as he joins a growing list of celebrities, including Charlie D’Amelio, Tom Brady, and Paris Hilton, in the preliminary launch of AI chatbots on Facebook and Instagram. This exciting development comes as part of a broader effort to enhance user…
Barcelona, the reigning La Liga champions, has officially disclosed its financial performance for the 2022/2023 football season, revealing substantial profits and revenues. Despite concerns about the club’s debt situation, the Catalan giants reported an impressive net profit of over €300 million after tax deductions. This remarkable increase in profit can be attributed to several factors,…
Epic Games, the renowned creator of Fortnite and other gaming titles, has revealed plans to cut approximately 830 jobs, accounting for 16% of its workforce, in a strategic move aimed at curbing what CEO Tim Sweeney termed “unrealistic” expenditures. In a letter addressed to its employees, Sweeney acknowledged the company’s excessive spending, stating that Epic…
The decision by retail giant Target to close nine of its stores in major cities due to persistent large-scale theft has raised concerns about the escalating problem of store crime. Industry experts are highlighting that even a slight increase in crime can have far-reaching effects that lead retailers to shut their outlets. Burt Flickinger, a…
In a recent development, Senior Judge John Coughenour has recused himself from presiding over the US Federal Trade Commission’s (FTC) antitrust lawsuit against Amazon.com. This decision was revealed in a court document filed on Wednesday. The antitrust lawsuit was filed against Amazon in federal court in Seattle just a day before Judge Coughenour’s recusal. The…
In a landmark monopoly case, the US government, along with 17 states, has filed a lawsuit against Amazon, alleging years of abusive economic dominance and unfair competition practices by the e-commerce giant. This lawsuit marks the government’s most significant attack on Amazon, a company known for its extensive product range and vast logistics network. The…
Blue Origin, the space tourism and rocket company founded by Jeff Bezos, is undergoing a leadership change as Dave Limp, a senior executive at Amazon, prepares to take the reins as the new CEO. The current CEO, Bob Smith, who has been at the helm since 2017, will step down from his role, according to…
Amazon, the global e-commerce powerhouse, has announced its intention to invest a substantial sum, up to $4 billion, in the artificial intelligence (AI) company Anthropic. This strategic move also entails Amazon securing a minority ownership stake in Anthropic, reflecting the e-commerce giant’s ongoing commitment to advancing AI technology and remaining competitive in a rapidly evolving…
Apple’s much-anticipated iPhone 15 lineup hit stores worldwide on Friday, drawing eager customers who lined up in long queues across China, Europe, and the United States to be among the first to purchase the tech giant’s next-generation smartphones. Leading up to the launch, analysts, including those at Wedbush Securities, reported that iPhone 15 pre-orders exceeded…
Microsoft’s multibillion-dollar acquisition of Activision Blizzard has moved a step closer to approval in the UK as regulators signal that an amended version of the deal could resolve their concerns. The UK Competition and Markets Authority (CMA) issued a statement stating that Microsoft’s proposed changes, which involve the sale of Activision’s cloud gaming rights to…
Toshiba Corporation has officially announced the successful conclusion of a $14 billion tender offer presented by private equity firm Japan Industrial Partners (JIP). This significant development marks the way forward for the beleaguered industrial conglomerate to transition into a private entity. The consortium led by JIP managed to secure a substantial 78.65% of Toshiba’s shares…
Kanye West has found an unexpected defender in Bjørn Gulden, the CEO of Adidas, despite the sportswear giant severing ties with the embattled rap mogul last year. In a recent interview, Gulden lauded West’s creativity and offered a more sympathetic perspective on the controversial artist. Gulden acknowledged West’s exceptional creative talents in both music and…
Apple enthusiasts, get ready to elevate your iPhone experience with the highly anticipated iOS 17. This week marks the official release of Apple’s latest operating system, promising a plethora of new features aimed at enhancing user personalization and intuitiveness. Although Apple first teased iOS 17 at its annual Worldwide Developer Conference in June, the spotlight…
Millions of Fortnite players have the opportunity to claim their share of a $245 million settlement reached by Epic Games, the parent company of the popular multiplayer shooter game. This settlement comes following allegations of deceptive tactics used by Epic Games, which led users to make unintended and unwanted purchases within the game. The settlement…
Chinese authorities have detained several staff members of Evergrande’s wealth management unit following the company’s failure to repay investors. This marks the first criminal investigation against the embattled property developer since it faced a massive debt crisis in late 2021. Shares of Evergrande plummeted by as much as 26% in Hong Kong on Monday, although…
Nike, the world’s leading supplier of athletic shoes, has joined forces with Nigerian customs design company Layerx in an exciting partnership aimed at promoting culture and environmental sustainability. This innovative collaboration is set to redefine the future of fashion and athletics by merging the best of both worlds. At the core of this partnership lies…
As the new marathon season approaches in September, Adidas AG, the luxury footwear brand, has revealed its latest contender in the super-shoe competition – the Adizero Adios Pro Evo 1. Priced at $500 (approximately N384,000), this racing shoe is making waves in the running world. Weighing in at a mere 138 grams (4.9 ounces), the…
Apple’s newly unveiled iPhone 15 Pro Max is already facing substantial demand, resulting in extended delivery times for eager customers in several countries, including China, Japan, and the United States. This surge in demand serves as an encouraging sign for Apple, given previous concerns about iPhone sales following a slowdown in the global smartphone market….
TikTok, the popular social media platform, has been slapped with a hefty €345 million ($368 million) fine by a major European tech regulator over allegations of insufficient measures to safeguard children’s privacy. The Irish Data Protection Commission (DPC), responsible for monitoring TikTok’s operations in the European Union, issued the fine, citing violations of the EU’s…
In this video, celebrity travel Vlogger, Steven Nduwku takes us on a tour of one of the biggest mansions in Abuja in the company of his friend at Comfort Homes & Properties Limited. The house comes with an assortment of features including a total of 9 rooms, 4 living rooms, and a very modern design….
France’s radio frequency watchdog, the Agence Nationale des Fréquences (ANFR), has issued an order for Apple to halt the sale of the iPhone 12 due to concerns over excessive electromagnetic radiation emissions. Additionally, the ANFR has instructed Apple to address the issue with existing iPhones in circulation. The ANFR has conveyed to Apple that if…
Johnson & Johnson, a company with a 135-year history, is bidding farewell to its iconic cursive logo in a strategic move as it focuses on its core businesses, medical devices, and medications. The instantly recognizable cursive script, derived from co-founder James Wood Johnson’s signature, is being replaced by a modernized font featuring the company’s name….
The blockbuster success of the ‘Barbie’ movie, which took the global box office by storm shortly after its summer release, is now having a significant impact on Barbie toy sales. According to the latest data from market research firm Circana, which tracks point-of-sale data from retailers, Barbie toy sales in the United States surged by…
A masterpiece by Pablo Picasso titled “Femme à la montre” is poised to make history at auction this fall, with expectations of fetching over $120 million. The 1932 oil painting will be the highlight of a two-day auction event at Sotheby’s in New York in November when the collection of Emily Fisher Landau goes up…
Coca-Cola, the iconic beverage giant, continues to innovate and captivate the taste buds of consumers, especially the younger generation, with its latest creation, Coca-Cola Y3000, a limited-edition beverage that promises to taste like the future. This enigmatic flavour, like others from Coca-Cola’s Creations platform, is designed to maintain the brand’s allure in the face of…
In today’s episode, Steven Ndukwu meets with some of Nigeria’s richest young billionaires who have built wealth in their twenties to try and understand how they did it and also to know if it’s legit. Watch the clip below:
Travellers flying with Japan Airlines now have a unique option for packing for their trips, thanks to a year-long trial of a service called “Any Wear, Anywhere.” This service allows travelers to book a set of clothes that caters to different styles and seasons and the clothing is delivered to their hotel upon arrival. At…
In this video, Steven Ndukwu takes us on a tour of the most luxurious and expensive Home in Banana Island, Lucrezia by Sujimoto, which is located in Ikoyi, Lagos, Nigeria. Watch the clip below.
In this video, Steven Ndukwu and his team explore Nigeria’s FCT Abuja and take us on a tour of the most luxurious neighbourhoods to buy real estate in the city and what it is like to live in Abuja’s most exclusive places in the Federal Capital Territory. Watch the clip below. Below is a timestamp…
Miami, known for its glitzy skyline and waterfront extravagance, is set to welcome a new icon of opulence. Dolce&Gabbana, the Italian fashion powerhouse renowned for its haute couture and red-carpet presence, is making its grand entrance into the world of real estate with a striking 90-story residential tower on 888 Brickell Avenue in Downtown Miami….
Microsoft is bringing a new and handy feature to its Paint application in Windows 11, allowing users to easily remove backgrounds from images with just a single click. This enhancement is currently being rolled out to Windows 11 Insiders in the Dev and Canary channels, offering a simplified and efficient image editing tool. The updated…
Tech enthusiasts and mobile phone aficionados around the world have been eagerly anticipating today’s momentous event—the official announcement of the Apple iPhone 15 series. The grand unveiling of the iPhone 15 series is set to take place via live-stream on all major social media platforms, commencing at 10 AM PDT/17:00 UTC/22:30 IST. For your convenience,…
Amazon.com has introduced a pioneering policy in response to growing concerns from advocacy groups like the Authors Guild, requiring authors to disclose in advance whether their books incorporate artificial intelligence (AI) material. This move represents a significant development in the ongoing discussion surrounding AI-generated content’s impact on the literary landscape. Amazon.com, a prominent e-commerce giant…
Former Tyson Foods executive Stewart Glendinning has been announced as the incoming CEO of clothing company Express, taking over from Timothy Baxter, effective September 15, according to a statement released by the company. Express Chairperson Mylle Mangum expressed confidence in Glendinning’s ability to revitalize the company’s performance and strengthen its foundation for success. Glendinning’s financial…
Elon Musk’s X Corp, the parent company of the platform previously known as Twitter, has filed a lawsuit against California’s Attorney General over the state’s new content moderation law. The law, known as AB 587, was signed by California Governor Gavin Newsom in September of the previous year. It mandates that social media companies must…
Apple is gearing up to unveil its iPhone 15 in the coming days, and there’s widespread anticipation that the new device will bring a significant change: the adoption of USB-C charging, marking a notable shift away from Apple’s proprietary Lightning charger. The iPhone 15 is heavily rumoured to make this transition to USB-C charging, a…
Rihanna’s Fenty brand is set to make a significant foray into sportswear with the upcoming release of the FentyPuma collaboration’s King Avanti sneaker. The international Barbadian singer, renowned for her multifaceted talents in music, business, and fashion, made the announcement on her X profile, revealing that the new sneaker will be available worldwide on September…
Apple (AAPL) shares recently experienced a 2.9% decline, triggered by reports of China’s intention to extend its ban on the use of iPhones to government-affiliated agencies and companies. This development has raised concerns among investors regarding Apple’s ability to maintain its foothold in the world’s second-largest economy. Apple recorded its most significant daily drop in…
The Bill and Melinda Gates Foundation Trust has shown a vote of confidence in Anheuser-Busch, the parent company of Bud Light, by purchasing 1.7 million shares valued at approximately $95 million, according to recent regulatory filings. This investment comes at a challenging time for the beer conglomerate, which has experienced a significant decline in sales…
The United States government is actively seeking more information regarding Huawei’s latest flagship smartphone, the Mate 60 Pro, which boasts an advanced 5G Kirin 9000s processor. This move comes amid growing curiosity and scrutiny surrounding the smartphone’s chip technology, particularly in light of US efforts to restrict China’s access to foreign semiconductor technology. US National…
China has reportedly implemented a ban on the use of iPhones by central government officials, according to undisclosed sources cited by The Wall Street Journal. This development has led to a 3.6% decline in Apple’s shares, marking the largest daily drop in a month. Apple’s shares closed at $182.91 in New York on Wednesday. Prior…
Square, the digital payments company, faced service outages on various platforms on Thursday, prompting concern among users and businesses relying on its services. In response to the disruptions, Square acknowledged the issue via its official Twitter account. In a tweet, the company stated, “We are currently experiencing issues with multiple Square services. We understand how…
Private equity group Consortium Brand Partners has announced its acquisition of a majority stake in actress Reese Witherspoon’s fashion and lifestyle brand, Draper James. Under the terms of the deal, Consortium Brand Partners secured a 70% stake in Draper James, while Reese Witherspoon retains her position as a partner and board member within the company….
