Russia is using cryptocurrencies in its oil trade with China and India to skirt Western sanctions, according to four sources with direct knowledge of the matter. While Russia has publicly encouraged the use of crypto and last summer passed a law to allow digital currency payments in international trade, its use in the country’s oil…
MBW hears that Concord is very close to making another significant acquisition. Our sources tell us that the company is in the final stages of acquiring Stem, a Los Angeles-headquartered music distribution and payments platform, in a high eight-figure deal, above $50 million. The deal isn’t quite done yet, according to our sources. We also…
On the hunt! Marketplace Los Angeles has become a designer vintage haven for celebs like Chris Brown, DDG, Gunna, and more, and founder Charlie Shanfeld sat down with ET to share exactly how he tracks down their conversation starting styles. To begin, the stylist, 26, focuses on gathering a mix of luxury, pre-loved, and exclusive coveted…
Halisu Sahabi, an Assistant Superintendent of the Economic and Financial Crimes Commission (EFCC), who was killed on Friday by a suspected internet fraudster, during a raid in Awka, Anambra State, has been buried in Sokoto State by his family. SaharaReporters learnt further from family sources that ASE II Sahabi was planning to get married in…
Three years ago, MBW told you that Tempo Music, the music rights fund launched by private equity giant Providence, was looking to sell its catalog at a valuation of around $500 million. The sale didn’t happen. As interest rates began to rise steeply in markets including the UK and US, blockbuster acquisitive activity in music…
Editor’s Note: This article is a reprint. It was originally published August 4, 2024. The organic food industry has grown tremendously over the past few decades, but concerns remain about the integrity of organic labeling and certification. In my eye-opening interview with organic industry watchdog Mark Kastel, he discusses the challenges facing organic consumers and…
Prof. Sadiya Sani-Daura, Director/Chief Executive, National Teachers’ Institute (NTI), Kaduna, has advocated for the diversification of sources for funding education in Nigeria. “There is indeed the urgent need to diversify the sources of funding education in Nigeria,” she told the News Agency of Nigeria (NAN) on Saturday in Kaduna. According to her, other…
Trouble is brewing at the Federal Airport Authority of Nigeria (FAAN) due to the sudden movement of its procurement department to the Directorate of Corporate Services. The Minister of Aviation and Aerospace Development, Festus Keyamo, and his associates allegedly orchestrated this move to gain unrestricted access to FAAN’s funds. Stakeholders at FAAN are…
By Ingrid Melander and Guy Faulconbridge PARIS/MOSCOW (Reuters) – Pavel Durov, the Russian-born billionaire founder and owner of the Telegram messaging app, was arrested at Le Bourget airport outside Paris shortly after landing on a private jet late on Saturday and placed in custody, three sources told Reuters. The arrest of the 39-year-old technology billionaire…
Governor Umo Eno of Akwa Ibom State is facing allegations of involvement in a cover-up regarding the authenticity of a university certificate held by Akaniyene Tommey Ikott, the Transition Committee Chairman of Eket Local Government Area. The University of Calabar has officially disavowed a Bachelor of Science degree in Social Work certificate bearing Ikott’s…
