Frazium Energy Strikes Deal For Solar Battery Project In Eswatini
Australian renewable power producer Frazium Energy has inked a deal with the government of Eswatini, also known as Swaziland, to…
Month: October 2021
LocalGlobe Leads 7-figure Seed Round For Nigeria’s Eden Life
Nigerian startup Eden Life, a home services app for scheduling food, laundry and cleaning services, has raised a US$1.4 million…
UK Export Finance Of £1.5 Billion For Nigeria Is Largely Untouched
The £1.5bn financing set aside for Nigeria by the UK Export Finance, the United Kingdom government’s export credit agency, has…
Tesco Website And App Down After Online Hack Attempt
Tesco’s online grocery store website and app have been removed by hacking attempts, retail giants said. The supermarket chain said…
First Bank OF Nigeria Holdings, Battle Of Major Stakeholder
There is a struggle for the control of Nigeria’s premier banking institution, FBN Holdings Plc. The fight is between the…
Dangote Cement Plc: PAT Of N191.6 Billion
Dangote Cement Plc built an after-tax profit of N191.6 billion at the end of its half-year trading in June 2021.…
Facebook To Pay For News Content In France
Facebook said Thursday it had reached an agreement with some French newspapers to pay for news content shared by its…
Court Satisfied With MultiChoice Deposit Of N8 Billion in Tax Case
At the hearing in Lagos on Wednesday, the administrative court said it was satisfied that MultiChoice had complied with the…
Elon Musk Set To Become First Trillioniare Through His Company SpaceX
Elon Musk, the world’s most renowned entrepreneur and the CEO of two of the world’s largest companies, SpaceX and Tesla,…
Federal Inland Revenue Service Propose Road Infrastructure Tax For Informal Sector In Nigeria
Muhammad Nami, executive chairman of the Federal Inland Revenue Service (FIRS), says the agency is proposing road infrastructure tax in…
Nigeria Stock Exchange Equities Investors Gain N237 Billion
Transactions on the equities sector of the Nigerian Exchange Limited (NGX) sustained a rising profile yesterday, occasioned by gains in…
Facebook, Twitter, Other Social Media And Digital Advertising Companies Stocks Drop
Shares of Facebook and Twitter and other social media and digital advertising companies are sharply down in after-hours trading, after Snap reported it missed revenue expectations…
IMF Project 2.7 Percent Economic Growth For Nigeria In 2022
The International Monetary Fund, IMF, has projected a 2.7 per economic growth for Nigeria in 2022 and 2.6 per cent…
Nigeria External Reserves Rise To $40 Billion In Three Weeks
Nigeria’s external reserves gained $3.98bn in three weeks, rising above the $40bn mark, according to data obtained from the Central…
Antigua And Barbuda Orders Arrest Of ‘Imagine Global’ Couple For Alleged Fraud
The Prime Minister of Antigua and Barbuda Gaston Browne has ordered the arrest of Bamise and Elizabeth Ajetunmobi, the couple…
Oil Refining Renaissance Under Threat From Natural Gas Crisis
Surging prices for natural gas are threatening to eat up the profit some oil refiners are making on their fuels,…
Nigeria Must Reduce Over-Dependence On Oil – Akeredolu
The Ondo State Governor, Mr Rotimi Akeredolu, on Wednesday, said there was a need to develop strategies that would enhance…
CBN Deepening NFIS Via E-Channel Transactions
Three months after the Central Bank of Nigeria (CBN) lowered its hammer on Bureau de Change operators over alleged infractions,…
Customs’ Move To Impound Private Jets
LAST week, the Nigeria Customs Service (NCS) threatened to impound 29 private jets on which the owners had not paid…
Oil Rises Modestly As U.S. Crude Stockpiles Dwindle
Oil prices edged higher on Wednesday, rebounding from early losses after U.S. crude stockpiles unexpectedly fell and inventories at the…
Exxon Mobile Reduce Production In Chad
Exxon Mobil said on Wednesday it had temporarily cut back production at its unit in Chad and reduced staffing in the…
PWC And UNDP In Agreement To Support Technology-Enabled Approach In Nation Ecosystem
Price Water House Coopers (PwC) and the United Nations Development Programme (UNDP) have signed a Memorandum of Understanding (MoU) to…
German software giant “SAP” Q3 Revenue Is 20% Above 2020 Q3 Revenue
German software giant SAP on Thursday posted a jump in revenue at its fast-growing cloud unit, which helped boost the company’s earnings…
Federal Government In Discussion With International Monetary Fund On Terms Of Repayment Of Loan
The federal government is negotiating with the International Monetary Fund (IMF) on repayment terms for the $3.4 billion extended to…
AFDB, ADFl, And Y’ello Digital Financial Services Agreed On $500,000 Grant For Women
The African Development Bank initiative, the Africa Digital Financial Inclusion Facility (ADFI), and Y’ello Digital Financial Services (YDFS), the fintech…