AT&T CEO Says He Is Dissatisfied About Company’s Bran
AT&T CEO John Stankey said he’s unhappy with his company’s brand and plans to refresh the wireless carrier’s image in the coming years. “Frankly, I’m not satisfied with where the…
Merchants And Business Outlets Must Accept E-Naira As A Form Of Payment
The Central Bank of Nigeria says the e-naira which is set to be launched on October 1 is a legal tender equal to the value of the naira and thus…
Google Introduce Auto-Resetting Permission Feature To Android Users
In an attempt to protect old android phones from malware and malicious ad trackers, Google is set to unveil a new privacy protection feature to old android devices. With the…
Twitter Is To Pay $809m To Settle A 2016 Lawsuit
Twitter announced Monday it will pay $809m to settle a 2016 lawsuit alleging members of the social network’s leadership, including founder Jack Dorsey, provided misleading information to investors about slowing…
No More Electricity Subsidy For Nigerians Starting From January 2022
With plans to end the electricity subsidy from next year, Nigerians would have to pay more for the commodity under a new tariff arrangement to be unveiled by the Federal…
Let’s Unlock Nigeria’s Housing Deficit: Vice President Osinbajo
Vice President Yemi Osinbajo has urged financial market experts to support the Federal Government’s efforts by developing an appropriate housing finance model that will significantly transform the housing sector on…
Nigeria Exchange Market Close Negatively Amidst Sell-Offs
At the end of today’s trading session, the Nigerian Exchange market closed negative amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) depreciated by 10 basis points, while the…
N2.35 Trillion Generated From The Sale Of Petroleum
The Nigerian National Petroleum Corporation on Monday said that the total revenue generated from the sale of petroleum products for the period of May 2020 to May 2021 stood at…
Fintech Company Wise Debuts Investments Feature That Allow Users Invest In Stocks
British financial technology firm Wise debuted an investments feature Tuesday that lets users invest in stocks through multiple currencies and spend their holdings. The new feature, called Assets, allows customers…
Imports Surge Pushes Trade Deficit Up By 158% In H1’21
A surge in imports has resulted in over 158 percent increase in Nigeria’s trade deficit year-on-year (YoY) in the first half of 2021 (H1’21). Financial Vanguard findings from the National…
Troubled Naira, Untapped Remittances And Undefined Role Of BDCs
The die is cast. The official remittance market is in a battle for survival on all fronts. First, its old foe – the informal channels – is not relenting. And…
Federal Government Squanders Billions In Ports Revenue Over Stalled Boat Service Contract
The federal government is losing billions of naira in revenue over failure to engage service boat operations monitoring agents in four ports locations over the last one year, Daily Trust…
UK Government Cooperate With Stakeholders On Nigeria Start-Up Bill
The United Kingdom (UK) government, through its Africa Technology and Innovation Partnership (ATIP) programme and the UK-Nigeria Tech Hub, has expressed commitment to supporting the Nigeria Start-up Bill (NSB), a…
Customers Tricks Banks With Fake Visas, Tickets For Forex
The Central Bank of Nigeria has vowed to engage financial crime-fighting agencies to pursue fraudsters who have been deceiving the banks with fake documents to buy forex at cheap rates…
Immigration Overtake In Biden Economic Plan Dealt Setback
The Senate parliamentarian has blocked Democrats from including a plan to provide legal status to as many as 8 million undocumented immigrants as part of legislation encompassing President Joe Biden’s…
U.K. Drops Its Market Edge As Pound Bulls Disappear
The U.K.’s supply-chain crisis, spiraling energy costs and limp economy are taking a toll on investor sentiment. Both the pound and FTSE 100 Index have trailed market benchmarks since June,…
Bitcoin Lost As Much As 10% On Monday Morning
The price of bitcoin dropped sharply Monday as investors began shedding risk amid a global equity markets decline. While bitcoin is often called a safe-haven asset, the growing reality is…
Federal Government Expects $2,300 GDP Per Capita By December
The Federal Government has said that it expects Nigeria’s Gross Domestic Product per capita to rise to $2,300 by the end of the year. According to the Minister of Industry,…
Housing Market Experience It’s First Increase In Three Month
Homebuilders in the single-family construction market are feeling better, as lumber prices are way down from sky-high levels and buyer demand is growing. Builder sentiment rose 1point in September to…
Nigeria Introduced ‘Guardian Rules’ For Its $9.7 Billion Funds Management Industry
Nigeria has introduced custody rules for its 4 trillion naira ($9.7 billion) fund management industry to protect investors and further develop its capital markets, the Securities and Exchange Commission (SEC)…
CDC Group chooses BluePeak and Vantage Funds For First Private Credit Deals
CDC Group Plc, the UK’s development finance institution (DFI) and impact investor, said Tuesday it has made a $60 million commitment to two alternative investment funds as part of its…
Dollar Exchange At Different Rates In Lagos And Abuja
The dollar rose to between N572 and N575 in different parts of the country on Monday barely two days after online platform, Aboki FX, stopped providing updates on the exchange…
Africa To Get 8 New Submarine Cables, To Fully Benefit From International Digital Economy
Industry players have said that Africa will get eight new submarine cables in the coming years. They also said that Africa’s emerging digital market has the fastest growth rate globally,…
Central Bank Of Nigeria Disbursed N134.57 Billion To Agribusiness/Small and Medium Enterprise Investment Scheme
With the aim of supporting MSMEs across the country, the CBN disbursed N134.57 billion to Agribusiness/Small and Medium Enterprise Investment Scheme, and for the Targeted Credit Facility (TCF), the sum…
President Muhammadu Buhari Approves Board For Nigerian National Petroleum Company Limited
In his capacity as the Minister of Petroleum Resources, President Muhammadu Buhari has ordered the incorporation of the Nigerian National Petroleum Company Limited, in a bid to prepare the Federal…
Nigeria To Acquire More Satellites Between Now And 2025
Nigeria is expected to acquire new satellites in another four years for maximum coverage of the country. This is even as it has been revealed that through a platform invented…
Africa Geonomics Startup “54gene” Secures $25 Million In Series B Funding
Less than 3% of genetic material used in global pharmaceutical research is from Africa. The staggering gap is quite surprising because Africans and people of African descent are reported to…
Cairo Based E-Commerce Start-Up Raise $33 Million In Series A Round
Funding startups that help manufacturers and sellers distribute products and merchants access them on a single platform keeps increasing across Africa. Cairo-based B2B e-commerce startup capiter continues that trend by…
Afrexim Annouces Investment In A Pan-African Telecommunications Technology Group – Liquid Intelligence Technology
African Export-Import Bank (Afreximbank) has announced a minority investment by the Fund for Export Development in Africa (FEDA) into Liquid Intelligent Technologies (Liquid), a pan-African telecommunications technology group. This is…
Africa Capitalworks Makes Equity Investment In Dorman Long Engineering Limited
Africa Capitalworks (“ACW”), a Sub-Saharan Africa-focused private equity company, announces a significant equity investment in Dorman Long Engineering Limited (“DLE”) of Nigeria. DLE is an indigenous and market leading company,…