Norway Blocks Rolls-Royce’s Plan To Sell Engine Maker To Russia
Norway will block Rolls-Royce from selling a Norwegian maritime engine maker to a Russian company on national security grounds, its…
Month: March 2021
At NATO, Blinken Warns Germany Over Nord Stream 2 Pipeline
U.S. Secretary of State Antony Blinken said on Tuesday the Nord Stream 2 pipeline being built from Russia to Germany…
INEC Plans Online Voter Registration, Targets 16 Million Nigerians
IN a bid to address the cumbersome process of voter registration at the various centres in Nigeria ahead of the…
Leave LG Funds, Budget Monitoring Group Tells Govs
THE Niger Delta Budget Monitoring Group and the Civil Liberties Organisation have called on Nigerian governors to stop using local…
AfCTA: Nigeria Plans $50bn Intra-Africa Exports
The National Action Committee on African Continental Free Trade Area Agreement has disclosed plans to achieve economically viable communities in…
Pension Funds Gained N119.68bn From Equity In Q4 – PenCom
Pension fund investment gained N119.68bn from equity in the fourth quarter of 2020, the National Pension Commission has revealed. Figures…
Nigerian Ports Authority Seals Three Illegal Jetties
The Nigerian Ports Authority has sealed three illegal jetties in its bid to clamp down on unseaworthy barges following increasing…
Fuel Marketers Raise Diesel Price To N265 Per Litre
Against the backdrop of the recent rise in global oil prices, some fuel marketers have increased the price of Automotive…
Federal Government Orders Immediate Resumption Of Domestic Flights Catering Services
Catering services, hitherto suspended at the onset of the COVID-19 pandemic are to resume on domestic flights immediately, the Federal…
Forex Trader Remanded For Defrauding Investors Of N17.4m, $6,300
A self-acclaimed foreign exchange trader, Nanpan Yaniyang, has been remanded by the Lagos State High Court for allegedly defrauding investors…
Only 47 Money Transfer Operators Are Licensed – Central Bank Of Nigeria
The Central Bank of Nigeria has released the list of 47 International Money Transfer Operators that are licensed to operate…
COVID-19: Federal Government Raises Alarm Over Racketeering Of Vaccines
The Federal Government on Monday in Abuja raised alarm over reported racketeering of the Oxford-AstraZeneca vaccines in some of the…
Abu Dhabi Funds Invest $150 Million In Messaging App Telegram
Abu Dhabi sovereign wealth fund Mubadala Investment Company and Abu Dhabi Catalyst Partners have invested a combined $150 million in…
Microsoft In Talks To Acquire Discord For More Than $10 Billion
Microsoft Corp is in talks to buy messaging platform Discord Inc for more than $10 billion, Bloomberg News reported, citing…
Politically Correct? Bond Market Steers Clear Of Judgment Calls
When Saudi journalist Jamal Khashoggi was killed in 2018, London-based hedge fund manager Dominic Armstrong bet investors would be turned…
Online Review Platform Trustpilot Gets $1.5 Billion Valuation In London IPO
Online reviews platform Trustpilot said on Tuesday it had priced its initial public offering in London at 265 pence per…
UK Jobless Rate Unexpectedly Drops To 5.0%
Britain’s jobless rate unexpectedly fell to 5.0% in the three months to January, when the country entered a new COVID…
England Slaps New 5,000 Pound Fine On Travel Abroad
Fines of 5,000 pounds ($6,900) will be introduced from next week for people from England who try to travel abroad…
AB Volvo Shares Fall 7% After Warning Chip Shortage To Hit Output
Shares in AB Volvo fell 7% on Tuesday after the Swedish truckmaker warned of a substantial hit on production in…
Flourish Ventures Opens Up New Office In Nairobi, Kenya To Support African Fintech Startups
The African fintech startup scene is set for a boost after Flourish Ventures, a global fintech venture capital firm, announced…
FMO Renews Commitment To Emerging Africa Infrastructure Fund
The Emerging Africa Infrastructure Fund (EAIF), managed by Investec Asset Management (IAM), today announced that it has successfully completed its…
Valar Ventures Makes First Investment In Africa With Neo Bank Kuda
Launched in 2016 as lending platform Kudimoney, Kuda rebranded in June of 2019 and received a banking licence from the…
First Green Energy Project In Burkina Faso For EAIF
The West African country of Burkina Faso is to get a new large-scale renewable energy plant, it was announced today,…
Billionaire Leon Black Is Leaving Apollo Following Scrutiny Over Ties To Jeffrey Epstein
Leon Black is completely stepping away from running private equity firm Apollo Global Management amid scrutiny over the billionaire’s ties to…
Turkey’s Lira Plunges After Erdogan Fires Central Bank Head
urkey could be on the cusp of another currency crisis after President Recep Tayyip Erdogan abruptly fired the head of the country’s central bank,…
A Company Will Pay You $2,400 To Stay Away From Screens For 24Hours
Put the phone away for an hour. Or, better yet, make it 24 hours — you might just get $2,400…
Rise Fund To Invest $200 Mln In Airtel Africa’s Mobile Money Business At $2.65 Bln Valuation
Telecommunications and mobile money services provider Airtel Africa said it signed an agreement under which The Rise Fund, the global…
RisCura Launches Impact Fund-Of-Funds For South Africa
Purpose-driven investment firm RisCura is applying its institutional investment experience to impact investing and has launched the country’s first Impact…
Hadiza Bala Usman: Export Cargoes Barred From Lagos Ports For Two Weeks
The NPA boss told Radio Now 95.3 FM in an interview monitored by TheCable that the suspension is effective Monday,…
China’s JD.com To Invest $800million In Dada Group
Chinese e-commerce firm JD.Com said on Monday it will invest $800 million in Dada Group, giving it a 51% stake…