Business
Wazupnaija – Naija Entertainment blogs & Forums – Business
Emmanuel Macron, Angela Merkel agree €500 billion coronavirus recovery plan for Europe
France and Germany proposed Monday a 500-billion-euro ($542-billion) fund to finance the recovery of the European Union’s economy from the devastation wrought by the coronavirus crisis. Putting aside past differences and seeking to prove that the Franco-German core of Europe remains intact, President Emmanuel Macron and Chancellor Angela Merkel announced the unprecedented package after talks by video conference. European Central Bank head Christine Lagarde told major European newspapers that “the Franco-German proposals are ambitious, targeted and welcome.” With the European economy facing its biggest challenge since World War II, Macron also acknowledged that the EU had fallen short in its initial response to the virus and needed to coordinate more closely on health. Financed by “borrowin...
Why High-Profile Hacks Could Increase Amid Pandemic-Prompted Remote Work
Employees in non-office settings create cybersecurity vulnerabilities, experts say, and without intervention more entertainment companies could fall victim to hacks like the one that hit Grubman Shire. Hackers are threatening to release a treasure trove of private data stolen from one of Hollywood’s top talent law firms if it doesn’t pay a $42 million ransom — and experts say companies are increasingly vulnerable to attacks like this because their employees are working remotely during the novel coronavirus pandemic. Grubman Shire Meiselas & Sacks earlier this month was hit by a ransomware attack — with a group called REvil taking responsibility for the hack and posting online part of a Live Nation employment contract for Madonna‘s recent world tour as proo...
Disney’s Kevin Mayer to Become TikTok CEO
Disney veteran Rebecca Campbell will succeed him as chairman of director-to-consumer and international. Kevin Mayer, the Disney executive who oversaw the launch of the streaming service Disney+, is leaving his post at the entertainment giant to become CEO of the fast-growing social media app TikTok. Disney veteran Rebecca Campbell will succeed him as chairman of director-to-consumer and international. “I am very proud of what our extraordinarily talented direct-to-consumer and international team has accomplished in creating and delivering a world-class portfolio of streaming services, particularly Disney+,” Mayer said Monday in a statement. Mayer joins TikTok at a pivotal moment for the app, which is owned by Chinese conglomerate ByteDance. Less than three years old, it has bee...
Taraba announces resumption of religious activities
The Taraba government has announced the resumption of religious activities in the state. The state Deputy Governor, Haruna Manu, made the announcement on Monday in a statewide broadcast in Jalingo, the state capital. Manu, however, said that observance of social distancing and other safety protocols must be strictly adhered to. He also announced a slight ease on restriction of movement and other activities in the state. According to him, government has set aside Fridays, Saturdays and Sundays to enable the residents carry out their activities from 8 am. to 6 pm. The deputy governor added that lockdown would still be observed on Mondays, Tuesdays, Wednesdays and Thursdays, adding that violators would face strict penalties. Manu urged religious leaders and other citizens to comply with the r...
CCECC: Why Chinese medical team is still in Nigeria
Mr. Michael Yigao, the Managing Director of China Civil Engineering Construction Corporation has said 15 medical workers brought in from China to the country have not gone back because there is not flight. “Right now, commercial flight to China is not open, but when flights are open again, we’re considering the team going back to China. I think Nigeria is taking this very seriously and you can see it in the implementation of the lockdown and the suspension of international flights,” he said. On the activities of the Chinese men since they arrived the country, Yigao, told journalists in Abuja on Monday that the team has had a telecast meeting with the Minister of Health and some doctors in Nigeria where they shared their experience on how Covid-19 was fought in China among others. He added ...
Presymptomatic coronavirus patients can contaminate environments – study
Coronavirus was detected on several surfaces in hotel rooms where two presymptomatic Chinese students were quarantined before being diagnosed with the disease, according to a study released on Monday. For the study, published in the Emerging Infectious Diseases journal of the US Centers for Disease Control and Prevention (CDC), researchers in China examined the hotel rooms of the two students, who returned to China from studying abroad on March 19 and March 20. They did not display any virus symptoms at the time and were transferred to a hotel for 14 days of quarantine. On the morning of the second day in quarantine, they remained presymptomatic but both tested positive for COVID-19 and were hospitalized. About three hours after they tested positive, the researchers sampled various surface...
Facebook chief ‘worried’ about China’s influence on internet regulation
Agence France-Presse Facebook CEO Mark Zuckerberg said Monday he is “worried” that other countries may be trying to imitate China’s approach to regulating the internet. “Just to be blunt about it, I think there is a model coming out of countries like China that tend to have very different values than Western countries that are more democratic,” Zuckerberg said during an hourlong video conversation Monday with European Union Industry Commissioner Thierry Breton. The Facebook CEO added that it was up to Western democratic countries to have a clear framework for data privacy. “We have a joint responsibility to help develop this,” he said. It was the latest instance of Zuckerberg citing the risks of a Chinese model of the internet spreading around the world. He made similar comments last year,...
Nigerian government commends NNPC, partners for coronavirus interventions
The Secretary to the Government of the Federation and Chairman of the Presidential Taskforce on Covid-19, Boss Mustapha, yesterday, commended the Nigerian National Petroleum Corporation (NNPC) for her unwavering support and several medical interventions, geared towards providing a lasting solution to the novel coronavirus pandemic in Nigeria. According to a statement by the NNPC, Mustapha stated that the gesture showed the corporation as the hallmark of a national oil company. The NNPC noted that Mustapha gave this commendation while receiving 20 ventilators donated by Ocea S.A, a France based company through the NNPC, to bolster the fight against COVID-19 in Abuja. It added that Mystrose Defence Systems Limited presented the donation to the NNPC on behalf of Ocea S.A. to bolster the fight...
Nigerian stock market capitalisation opens week with N37 billion growth
The Nigerian Stock Exchange (NSE) resumed trading for the week on Monday on a positive trend, with the market capitalisation rising by N37 billion. Speficially, the market capitalisation which opened at N12.440 trillion rose by N37 billion to close at N12.477 trillion, indicating by 0.30 per cent. Also, the All-Share Index grew by 70.42 points or 0.30 per cent to close at 23,941.75 against 23,871.33 achieved on Friday. The upturn was impacted by gains recorded in medium and large capitalised stocks, amongst which are; Okomu Oil, MTN Nigeria, Unilever Nigeria, Lafarge Africa and GlaxoSmithKline. Analysts at Imperial Asset Managers Ltd stated that “This week, we expect market sentiment to be mild considering that risks remains broad following the increasing new cases of COVID-19 in Nigeria. ...
Two arrested for extorting money from motorists leaving Abia
The combined team of Abia State Government COVID-19 Joint Task Force manning the border between Abia and Imo States (Onuimo), have arrested two suspects extorting money from motorists entering Abia State with food items. The two suspects, Nwabueze Ibebuike and Ikechukwu Ekeke both hailed from Ekenaobizi in Umuahia South LGA. Before their arrest, the suspects in company of two others still at large mounted illegal checkpoint at Ekenaobizi extorting money from motorists leaving Abia State and assuring them that the Task Force will grant them exit from the state while those entering the state who were cleared by the taskforce team were not spared by the suspects thus creating the impression that there are working for the COVID-19 task force. Both suspects are currently at the Umuahia Central ...
Pasuma: Young artistes prefer Hip-Hop to Fuji
Popular fuji singer, Wasiu Alabi, aka Pasuma, has disclosed that the current crop of young Yoruba artistes in the country prefer the hip-hop genre over fuji, which he said has been relegated to the background. He stated this in an Instagram live chat with Yoruba actor and husband to Toyin Abraham, Kolawole Ajeyemi. Pasuma said: “It is sad that budding fuji artistes now prefer to sing hip-hop. After Shanko Rasheed and his set, we are yet to find other young artistes doing fuji music. Even Destiny Boy that was meant to do fuji has decided to focus on hip-hop.” The “Oganla 1” also disclosed that there are plans to save and help the fuji music industry to grow better. He said: “After this COVID-19 pandemic, we have plans to organise a competition for talented fuji artistes. We keep seeing the ...
How We Work Now: Duck Club Presents/Treefort Music Festival Co-Founder Eric Gilbert
In a new series amid the coronavirus pandemic, Billboard is asking individuals from all sectors of the music business to share stories of how they work now, with much of the world quarantined at home and unable to take in-person meetings, attend conferences or even go into the office. Submissions for the series can be sent to HowWeWorkNow@Billboard.com. Read the full series here. This installment is with Eric Gilbert, co-founder of Duck Club Presents and Boise, Idaho’s Treefort Music Festival. Eric Gilbert: Treefort was scheduled for March 25-29 and we [initially] postponed it two weeks. At that point, the state nor the city hadn’t really done anything. We made the decision in consultation with them, but we had to take the lead on that. Two weeks after we postponed, the state fully s...
