European Markets Head For Mixed Open, Reflecting Uncertain Sentiment Globally
European stocks are expected to open mixed on Tuesday, reflecting similar trade in their Asia-Pacific counterparts overnight. London’s FTSE is…
Month: September 2021
El Salvador Bought $21 Million Of Bitcoin As It Becomes First Country To Make It a Legal Currency
El Salvador bought roughly $20.9 million worth of bitcoin, one day before it formally adopts the world’s most popular cryptocurrency…
Nigeria: Lotus Bank Expands With New Locations
LOTUS Bank has announced the opening of three new locations in Lagos State in a bid to expand its footprint…
$75m Investment Injected Into Ecobank
Ecobank Transnational Incorporated has announced the receipt of a $75m perpetual non-cumulative additional tier-1 capital investment from Arise B.V ETI…
NNPC To Sell Equity Stake From 2024
The GMD of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has said the earliest the corporation can issue its…
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…
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…
Payrolls And The Stock Market: Wall Street Usually Shrugs Off Jobs Report
Markets always look to the Labor Department’s monthly employment report with great anticipation. But whether the data disappoints or surprises…
Didi Denies Reports That Beijing City Is Coordinating Companies To Invest In It
China’s ride-hailing giant Didi Global Inc (DIDI.N) said on Saturday that media reports that the Beijing city government is coordinating companies…
Wall St Week Ahead Investors Grow Wary As Stocks Hit New Highs
Investors are girding their portfolios for potential stock market volatility, even as equities hover near fresh highs after logging seven…
Italy Says Bids For National Cloud Hub Expected This Month
Italy expects to receive bids by the end of September from companies interested in building a national cloud hub, a…