Rakes

Seplat Energies raked in N885.1 billion in total comprehensive income – the combined earnings that companies receive from unexpected gains in addition to profit – after the energy giant turned Nigeria’s foreign exchange crisis into its advantage. According to the corporation’s audited books released on Thursday, total comprehensive income surged more than eight times from N106.5 billion the preceding year. For an energy giant that generates its revenue mostly from the dollar, the pretty strong performance owed…

January 31, 2024 @ 9:32 AM Senator Amy Klobuchar tore into the CEOs of social media companies attending a Congressional hearing on child safety Wednesday, calling out platforms Meta, X, Snap, TikTok, and Discord for dragging their feet over legislation.  On Wednesday, the CEOs of all five companies appeared in front of a Senate hearing to discuss the safety and protections of minors on their platforms.  Klobuchar grilled the CEOs on whether they supported bills like STOP CSAM and the Shield Act to…

In all the buzz around eVTOLs, there's still plenty of appetite for more conventional electric planes – especially, it seems, if they make ludicrous amounts of lift, and can take off and land at incredibly slow speeds, using absolutely tiny runways.Electra's hybrid-electric STOL (short takeoff and landing) aircraft is one such plane. When it hits the market, it'll carry nine passengers, and a pilot, plus luggage, up to 500 miles (805 km) at a cruise speed around 200 mph (322 km/h). It'll run eight electric props along the…

Kenyan e-commerce and fintech platform for mass market consumers Copia Global has appointed John Lazar, the ex-CEO of Metaswitch, a Microsoft subsidiary, to its board off the back of $20 million in new funding. Enza Capital, the Pan-African VC firm that Lazar co-founded in 2019, was among the large participants in the Series C extension round, which also includes global private bank LGT, investment firm Goodwell Investments, the U.S. International Development Finance Corporation (DFC), German financial service…

The Federal Inland Revenue Service (FIRS) has announced a total tax revenue collection of N5.5 trillion for the half-year period of January to June 2023. This is the highest tax revenue collection ever recorded by the Service in any first six months of a fiscal year, the agency said in a statement Thursday. The statement noted that Muhammad Nami, Executive Chairman of the FIRS, made the disclosure while presenting the 2023-2024 tax revenue outlook to the National Economic Council at its meeting on Thursday, July…

The world of decentralized finance and Web3 services is rapidly expanding, with an ever-growing demand for innovative solutions that can cater to the needs of this fast-paced industry. As the popularity of meme coins like Dogecoin and Shiba Inu continues to soar, it has become clear that digital assets are no longer just a passing trend. Instead, they represent a new paradigm of financial opportunity that is here to stay. Against this backdrop, a new player has emerged in the form of Signuptoken.com, a blockchain-based…

The two biggest cryptocurrencies, Bitcoin and Ethereum, have seen their new year rallies stagnate because of concerns that “Operation Choke Point 2.0” may be ready to assault the crypto industry. Lately, both Bitcoin and Ethereum have been struggloig for consistency, with analysts predicting that smaller coins could be headed sharply higher. Bitcoin and Ethereum’s prices had recovered from their December lows but have found themselves dragged back time after time. Bitcoin Seeks “Life Support”, May Fall Below $20,000…

Horizon and Elden Ring are just behind Ragnarok in nominations The nominees for the 26th annual DICE Awards are out, honoring everything the industry had to offer over the last year. From God of War Ragnarok to Elden Ring, there’s some stiff competition for the top spot. The DICE Awards, put on by the Academy of Interactive Arts & Sciences, will be held on Thursday, Feb. 23 as the end of week-long 2023 D.I.C.E. Summit. Academy members will be able to start voting today, Jan. 12, on which games will receive the big…

Breadcrumb Trail Links Music Celebrity 'The continued love for my song never ceases to amaze me' Mariah Carey participates in the ceremonial lighting of the Empire State Building in New York City, Dec. 17, 2019. Photo by ANGELA WEISS /AFP via Getty Images / Files Article content She may not legally be allowed to call herself the Queen of Christmas, but Mariah Carey’s hit holiday song All I Want For Christmas Is You is a gift that keeps on giving year after year. The singer’s holiday…

Heading for Tony Stark levels of wealth? Free-to-play mobile card game Marvel Snap has already gotten off to a smashing start, having raked in a staggering $2 million USD in revenue since its launch just one week ago. Available on PC and mobile platforms, the card combat title has already been download by some 5.3 million players. Marvel Snap is a strategic card battler that focuses on the heroes and villains of the legendary comic-book universe, (though most notably in their Marvel Cinematic Universe (MCU) form).…