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Saudi Arabia to invest in Branson's Virgin as part of plan to reshape kingdom’s economy

Striving to diversify its oil-dependent economy, Saudi Arabia is turning to innovative and emerging technologies, bringing huge investment to projects developed by one of the world’s richest men, Richard Branson. At the end of last year, Saudi Arabia’s sovereign wealth fund reportedly made financial arrangements to invest over $1 billion in Virgin Group’s space companies.The step is reportedly pending regulatory approval from the United States government. The investment is aimed at boosting the capacity of the oil-rich kingdom to cope with low prices for crude.
Updated 2 Years ago

Transgender weightlifter out of Commonwealth Games after horror injury in record attempt

Transgender weightlifter and 90+kg gold medal favorite Laurel Hubbard, who represents New Zealand, has been forced to withdraw from the 2018 Commonwealth Games with an elbow injury.
Updated 2 Years ago

Moscow wants to get rid of dollar & euro payments in oil trade with Turkey and Iran

Russian Energy Minister Aleksandr Novak said the country is considering an option of payments for oil in national currencies, in particular with Turkey and Iran.
Updated 2 Years ago

Premiere of Wedding Party 2 Dazzles with Display of Middle Eastern Glamour

The ELFIKE Film Collective, a partnership between EbonyLife Films, FilmOne Distribution, Inkblot Productions and Koga Studios, organised a one-of-a-kind premiere of The Wedding Party 2: Destination Dubai at the weekend in Eko Hotel & Suites, Victoria Island, Lagos.
Updated 2 Years ago

Director Accused of Corruption Forfeits N329m, 24 Houses to FG

The court ordered the EFCC to publish the orders in a national newspaper for the respondent to appear before the court and show cause within 14 days why the properties should not be permanently forfeited.
Updated 2 Years ago

FG Confers 2017 National Merit Award on Adesina, Onobrakpeya

The federal government thursday conferred the 2017 Nigerian National Merit Award (NNMA) on a notable Nigerian scholar, Professor Adesoji Adesina and a celebrated artist, Mr. Bruce Onobrakpeya at the Council Chamber of the Presidential Villa, Abuja.
Updated 2 Years ago

11 Persons Hospitalised as Cholera Hits Anambra

Eleven persons have been hospitalised in Anambra State following the outbreak of cholera in Inoma community in Anambra West Local Government Area.
Updated 2 Years ago

Boko Haram Threat to Bomb Abuja, Other Cities Real, Warn Police

The Nigerian Police thursday said the threat by Boko Haram to bomb Abuja, the nation’s capital, and other states was real, reinforcing the warning issued by the British and American governments at the weekend that the Islamic sect was planning to strike the Federal Capital Territory (FCT).
Updated 2 Years ago

Saint Obi Bombards Nollywood with Five New Blockbuster Movies

After several months of painstaking productions on various locations across the country, superstar actor and multi-talented entertainer, Saint Obi famously known as Nollywood’s Mr. Quality, is poised to pamper movie buffs with five new blockbuster flicks commissioned by his company, Agwhyte international.
Updated 2 Years ago

150 Nigerians Return from Libya

The National Emergency Management Agency (NEMA) on Thursday received 150 Nigerians who voluntarily returned from Libya at the Murtala Muhammed International Airport, Lagos.
Updated 2 Years ago

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