Discord CEO on reported Microsoft bid: ‘We did receive a lot of offers.’
It’s been reported that a $10 billion bid made by Microsoft for gaming platform Discord fell apart. Discord CEO and co-founder Jason Citron…
Day: May 25, 2021
Russia threatens to slow down Google for failing to delete prohibited content, issues small fine
Russia has threatened to decelerate Google’s traffic and issued the company with a small fine for failing to remove what it says…
Microsoft’s cloud boss says the company doesn’t want to compete with doctors
Thanks to its pending acquisition of Nuance Communications, Microsoft will soon have a suite of software tools that doctors use to automatically keep…
Amazon’s ad revenue is now twice as big as Snap, Twitter, Roku and Pinterest combined
The major growth in Amazon’s advertising unit means its revenue contribution is now 2.4 times as large as Snap, Twitter, Roku and Pinterest combined, and it’s growing…
Twitter CFO Ned Segal says e-commerce is becoming more important for the company
Twitter CFO Ned Segal said Tuesday that e-commerce will be more important for the social media company as it continues to…
Oil Drops With Prospect Of Iran Deal Weighed Against Demand
Oil snapped two days of gains as investors weighed talks of higher Iranian supply against the prospect of a continued…
CBN Raises Capital Requirements For Payment Solutions Service Providers To N250 Million
The Central Bank of Nigeria (CBN) yesterday issued a new licence requirements for payment systems, increasing the minimum capital requirements…
Solid Minerals Exporters Owe Fed Govt N17.1b
Exporters of solid minerals are owing the Federal Government N17.1 billion royalties for minerals exported. Minister of Mines and Steel…
£4.2m Loot Paid To Delta State Govt – Accountant General
The Accountant General of the Federation, Mr. Ahmed Idris has disclosed that the controversial £4.2m looted by an ex-governor, has…
Central Banks Running Out Of Options As Recovery Falters In Asia
Asia’s surging coronavirus infections and slow pace of vaccinations is testing the limits of what central banks can do to…
Nigeria’s Economy Grows In First Quarter On Oil Price Rise
Nigeria’s economy grew 0.5% in the first quarter, lifted by higher crude production and oil prices, the country’s statistics office…
Sterling Edges Closer To Year’s High
Britain’s pound neared its high for the year on Tuesday, boosted by expectations of further relaxation of social restrictions linked…
Sylva: FG To Scale Up Domestic Gas Expansion, Monetisation Drive
Minister of State, Petroleum Resources, Mr. Timipre Sylva, has stated that the federal government will continue to ramp up its…
ECB Must Keep Money Taps Fully Open As Crisis Not Over, Stournaras Says
The European Central Bank must keep its money taps fully open, as the euro zone economy is still in the…
Gold Steady Near Multi-Month Highs On Weaker Dollar
Gold steadied near its highest in more than four months on Tuesday, buoyed by a weaker dollar but with gains…
HSBC Won’t Offer Bitcoin, Crypto Service To Wealthy, Reuters Says
Signage for HSBC Holdings Plc headquarters is displayed on the building that houses its headquarters in the central business district…
China State Banks Buy Dollars To Curb Rapid Yuan Rally -Sources
China’s major state-owned banks were seen buying U.S. dollars at around 6.4 yuan per dollar level on Tuesday afternoon, four…
FG Bars 22-Year Aircraft From Nigeria, Releases N5bn Aviation Bailout
The Permanent Secretary, Federal Ministry of Aviation, Hassan Musa on Monday told the House of Representatives that the Federal Government…
CBN Sustains Weekly Dollar Sales To BDCs
The Central Bank of Nigeria has continued to fund bureaux de change (BDCs) segment of the foreign exchange market weekly…
Currency In Circulation Dips By N10bn
Currency in circulation dropped by N10bn from N2.81tn as of the end of March to N2.8tn as of the end…
12 Nigerian Banks Lend Customers N690bn In Three Months
The combined loan portfolio of 12 commercial banks in Nigeria rose by N690bn in the first three months of this…
Nigeria Devalues Naira On Migration To Single Exchange Rate
Nigeria’s central bank devalued the naira by 7.6% against the dollar as authorities in Africa’s biggest oil producer migrate toward…
How CBN Can Reverse Nigeria’s Underdevelopment
The Central Bank of Nigeria underdevelops the economy through heterodox monetary and fiscal procedures contrary to the express mandate and…
Oil Climbs With Iran Saying Differences Remain On Sanctions Deal
– Oil climbed to the highest level in nearly a week after Iran said that gaps remain in negotiations aimed…