After eight months of decline, Nigeria’s inflation rate rises to 15.63%
After eight months of decline, Nigeria’s headline inflation rate rose to 15.36% in December 2021, from 15.50%…
Parallex transforms from microfinance to commercial bank
Parallex Bank says it has officially transitioned from a microfinance institution to a commercial bank.
The bank…
Insurance firms’ assets hit N2.09tn amidst recapitalisation suspension
The insurance sector’s total assets have risen by N228.24bn in 15 months despite the suspension of the National…
NGX reopens bearish as losses in 22 stocks drag indices by N29bn
Nigerian Exchange Limited NGX resumed trading for the week on a downturn yesterday, as losses in 22 stocks dragged…
OpenSea Monthly Trading Volume Exceeds $3.5 Billion
The world’s largest Non-Fungible token (NFT) marketplace, OpenSea, has seen its monthly trade volume in Ether (ETH)…
Ford Signs Five-Year Payments Deal With Stripe
Online payment processor Stripe has signed up Ford Motor Company as a customer, in a five-year deal aimed at…
China Delivery “Starbucks” Partners With Meituan Tie-Up
Starbucks said on Tuesday it has entered into a partnership with China's Meituan that will allow its Chinese…
EU Spike Fines For Breaches Of EU Privacy Law
Fines for violations of the European Union’s landmark privacy law have soared nearly sevenfold in the past year,…
UK Self-Driving Startup Wayve Raises $200 Mln From Investors
British self-driving technology startup Wayve said on Tuesday it has raised $200 million from investors to scale up…
Twitter Expand Test Feature For Flagging Misleading Content To Brazil, Spain And…
Twitter Inc said on Monday it will expand its test feature which allows users to flag misleading content on its…
Chinese E-Commerce Giant JD.Com Sets Challenge To Amazon With First ‘Robotic…
Chinese e-commerce giant JD.com has opened two retail stores in the Netherlands that it says will be manned…
FG records N307.49bn revenue shortfall in four months
According to data obtained from CBN, the Federal Government recorded a revenue shortfall of N307.49bn from July to…
Ronchess Global Resources Plc. Restructures Company Board
Following a successful listing on the Nigerian Exchange on January 12, 2022, Ronchess Global Resources Plc notified…
AgDevCo sells commercial farm to Ghanaian agribusiness
BFC is a 356 hectare irrigated commercial farm developed by AgDevCo from greenfield. The project was a proof of…
Verdant holds first close for hybrid capital Fund
Hybrid Fund initially has $36 million of committed capital Support for micro, small and medium-sized enterprises…
FinDev makes commitment to Triple Jump-managed energy fund
FinDev Canada and its 2X Canada facility have announced that it would be donating $13 million to the Energy…
‘Obscene inequality’: Oxfam says taxing the world’s richest could help save lives
According to a report titled “Inequality Kills” by new Oxfam, The pandemic has made the rich richer while the…
Twitter Spaces To Allow Users Record Sessions
Twitter Spaces, a feature that allows users to host or take part in live audio conversations on the platform, will…
China Experienced 8.1% Economy Growth In 2021
China’s economy grew by 8.1% in 2021 as industrial production rose steadily through the end of the year and offset…
European Markets Aim For Higher Open
European stocks are expected to open higher on Monday as global markets digest the latest growth data out of China.…
Take-Two To Buy Farmville Creator Zynga For $12.7 Bn
Take-Two Video game publisher sets to acquire “Farmville” creator Zynga for $12.7 billion, in a major mobile gaming…
Macro and technical headwinds accrue for bitcoin
A weak start to 2022 and a host of looming macro and technical headwinds are setting cryptocurrencies up for a…
Ford’s market cap tops $100 billion for first time ever
Ford Motor’s market value topped $100 billion for the first time ever as the automaker’s stock hit a new 52-week…
Citi to sell consumer business in Malaysia, Indonesia, Thailand and Vietnam to UOB…
Citigroup will sell its consumer banking businesses in Indonesia, Malaysia, Thailand and Vietnam to Singapore’s…
Pakistan’s Central Bank ‘Wants To Ban’ Crypto
The State Bank of Pakistan (SBP) is reportedly seeking to ban all cryptocurrency transactions in Pakistan.…
Nigeria MSMEs Contribution Rises By 3.7% – SMEDAN
The Director-General of Small and Medium Enterprises Agency of Nigeria (SMEDAN), Dikko Umaru Radda, said the…
FSD Africa backs Fintech factoring firm
The investing arm of FSD Africa, has invested £3 million in IMFact, a Kenyan fintech firm.
The Kenyan fintech firm…
Nigeria: Association of Bureaux De Change Operators Of Nigeria Urge CBN To Remove…
Association of Bureaux De Change Operators of Nigeria (ABCON) has called on the Central Bank of Nigeria (CBN), to…
Nigeria Customs To Generate N4.1trn Revenue In 2022
The Nigeria Customs Service (NCS) says it has a revenue target of N4.1 trillion in 2022.
NCS had said it generated…
Oil Price Hits $85: More Subsidy To Be Paid By Nigerians
Oil prices continued their surge yesterday, hitting a two-month high amid projections that lack of production…