Yuguda: SEC Remits N1.5bn to FG, Assures of Profitability In Two Years
Following comments attributed to the Nigerian Senate that the Securities and Exchange Commission (SEC) was gradually becoming insolvent and could…
Day: September 6, 2021
Journey Towards Nigeria’s Digital Currency
Central banks in more than 70 countries are presently studying or at advanced stages of developing their Central Bank Digital…
Transcorp, Honeywell, Access, Others Lift NGX Turnover By N8.7b
Heavy transactions in the shares of Transnational Corporation of Nigeria (Transcorp) Plc, Honeywell Flour Mill Plc and Access Bank Plc…
Telecos To Pay N200,000 For Failing To Verify NIN – NCC
The Nigerian Communications Commission has proposed a fine of N200,000 for mobile communications services providers that fail to verify and…
India, Netherlands, Spain Emerge Top Export Destinations for Nigeria’s Crude Oil
India, Netherlands and Spain have now filled the vacuum left by the United States as top buyers of Nigeria’s crude…
Nigeria: Oil And Gas Free Trade Zone Attracts $16.6bn Foreign Investments In 20 Years
The Oil and Gas Free Trade Zones Authority has attracted the sum of $16.6bn foreign direct investment into the economy…
How Amazon’s Cloud Business Generates Billions In Profit
Every year since at least 2014, more than half of Amazon’s operating profit has come from the online retailer’s cloud…
Apple’s Strategy To Fight Off Antitrust Regulators: Fix The App Store One Rule At a Time
In the past few weeks, Apple has madeseveral changes to its App Store rules, allowing a larger number of companies…
Nigeria: Fintech Group Raises N2.2bn Series 1 Note
CapitalSage Technology Limited a Fin Tech company has raised a N2.2bn series 1 Private Company Notes issue, under its N10bn…
PawaPay Raises $9M seed Backed By MSA, 88mph And Mr Eazi’s Zagadat Capital
The capital will be deployed to scale pawaPay’s operational presence, find more talent to join the team, and expand into…
Stock Market Sheds N117bn As Investors Take Profits
The equities listed on the Nigerian Exchange Limited shed N117.03bn last week, with analysts attributing the market downturn to profit-taking…
Pearl Capital And FCA Back Organic Agribusiness
Yield Uganda Investment Fund, an agribusiness impact vehicle managed by Pearl Capital Partners, and FCA Investments have committed €1.3 million…
Nigeria: Dangote Refinery To Increase Workforce To 57,000 employees
The Founder, Dangote Industries Limited, Alhaji Aliko Dangote has said the construction of the Dangote Petroleum Refinery is a result…
Agricorp Raises Mix Of Equity And Working Capital Financing
Agricorp International, Nigerian based spices producing, processing, and exporting company has raised $17.5 millionin Series A funding to increase its processing…
Amethis Sells Its 22% Stake In Sodigaz APC to African Infrastructure Investment Managers
Amethis is pleased to announce the sale of its minority stake in Sodigaz APC to African Infrastructure Investment Managers (AIIM).…
Warren Buffett-Backed Electric Carmaker BYD Sees August Sales Surge More Than 300%
BYD sold 61,409 new energy vehicles in August, more than four times the amount sold a year ago, as demand…
LASEPA shuts Ikorodu Steel Manufacturing Firms
The Lagos State Environmental Protection Agency has issued issued a ‘stop-work’ order to two steel and iron manufacturing companies in…
Estate Firm Increases Access To Short-Let Apartments In Lagos
In line with its ambitions to increase access to short let rentals, Shortlethomes, a leading real estate firm, has launched…
Stakeholders Laud NBC Over Waste Management Initiatives
Stakeholders in Nigeria’s manufacturing and waste management sectors have commended the Nigerian Bottling Company Limited for its initiatives geared towards…
European Markets Head For Mixed Open After U.S. Jobs Miss
European stocks are expected to open in mixed territory on Monday as investors digest jobs data from the U.S. Friday…
SPACs Offer Hope For Reviving Singapore’s Flagging IPO Market
Singapore’s stock exchange this month launched new rules allowing SPACs to list, a move it hopes will draw more firms…