Top 50 Brand Recognition For MTN Nigeria and Dangote Group
Dangote Group and MTN Nigeria Plc have been recognised for their brand image and presence in the Nigerian market by Top 50 Brands. According to a statement from the consultancy,…
Piggyvest: No User Fund Has Experienced Any Loss Of Any Kind
An ongoing report making rounds on social media claims that Piggyvest lost N2 billion in an alleged scam involving a micro-lending company Imagine Global Solution Limited. The report alleged that…
Chinese EV Maker Xpeng’s Flying Car Aim To Roll Out In 2024
HT Aero, the flying car company backed by Chinese electric carmaker Xpeng Inc. and its founder, raised more than $500 million from outside investors. The money will be put toward…
E-Commerce “Sendbox” Raise $1.8 Million
An e-commerce fulfillment company for small merchants, Sendbox, has raised $1.8m to help small merchants fulfill their e-commerce orders. According to TechCrunch, the firm uses a mix of technology and…
DPR, PPPRA, PEF Get Scrapped By Federal Government Of Nigeria
The Department of Petroleum Resources, the Petroleum Products Pricing Regulatory Agency and the Petroleum Equalisation Fund are all officially scrapped and do not exist anymore, the Federal Government said on…
Crypto Fraud Costs More Than $200 Million This Year, U.K. Police Say
Fraud linked to cryptocurrencies surged in the first nine months of the year, U.K. Police said, with victims cheated out of more than 146 million pounds ($200 million) so far.…
Oil Prices Could Be Higher For Much Longer Says Goldman Sachs
Oil prices could stay at higher levels in the years to come as demand rebounds while supply remains tight, according to Goldman Sachs’ head of energy research. Damien Courvalin, who…
Circulation Currency Rises To N2.84tn, Says CBN
The currency in circulation rose by N58.36bn to N2.84tn in September from N2.79tn in August, the latest figures obtained from the Central Bank of Nigeria showed on Sunday. The currency…
Oil Continues Gain After Eighth Weekly Advance On Energy Crisis
Oil advanced at the open of trading in Asia after an eighth weekly gain with the market facing a global energy crunch ahead of winter. Futures in New York climbed…
Operating Licences Canceled By FG For 2 Oil Firms Over Unfair Labour Practices, Other Infractions
The Federal Government, through the Department of Petroleum Resources, DPR, the regulatory agency in the Nigeria Oil and Gas Industry, has canceled the operating licences of two oil firms; NOV…
Federal Government Raises PPPRA, CBN, Others’ Revenue Targets By N754.31bn
The Federal Government has reviewed upwards the independent revenue projection for Ministries, Departments and Agencies in the 2022 fiscal period by N754.31bn. The N754.31bn indicates an increase of 71.09 per…
European Market Trading Week Start On A Dull Movement
European stocks pulled back on Monday as global markets geared up for more big earnings reports. The pan-European Stoxx 600 slid 0.5% in early trade, with retail stocks dropping 1.7%…
Facebook To Create 10,000 Jobs In European Union Over The Next Five Years
Facebook plans to create 10,000 jobs in the European Union over the next five years in a push to build a digital world known as the “metaverse.” The social media…
OPPO Launches New IOS
OPPO, a Chinese consumer electronics and mobile communications company, has launched a global version of its ColorOS 12. According to the company, the new ColorOS is based on Android 12…
Nigerian Exchange Group List Its Issued And Fully Paid Share
Nigerian Exchange Group Plc has listed its entire issued and fully paid 1,964,115,918 ordinary shares of 50 kobo each at N16.15 per share. The Nigerian Exchange Limited said in its…
China Continuity Of Internet Censorship Expansion Leads To Shutdown Of LinkedIn In China
Microsoft announced Thursday it will shut down its local version of LinkedIn in China as the country continues to expand its censorship of the internet. LinkedIn was the last major…
Bitcoin Tops $60,000, Nears Record High, On Growing U.S. ETF Hopes
Bitcoin hit $60,000 for the first time in six months on Friday, nearing its record high, as traders grew confident that U.S. regulators would approve the launch of an exchange-traded…
Federal Government Of Nigeria Offer N150 Billion Worth Of Bond Up For Auction
The Debt Management Office (DMO) on behalf of the Federal government has offered for subscription N150 billion worth of FGN bonds by auction. This is according to a disclosure published…
Nigerians In Diaspora: Yemi Edun Selected For 2022 Power-List Published In Partnership With JP Morgan And PWC
Nigerian-born London property expert and acquisition agent, Yemi Edun, also the founder and CEO of Daniel Ford & Co and Daniel Ford International has been selected to be on the…
Nigeria Stock Exchange Market Capitalisation Rise By N41.06 Billion
The market capitalisation of equities in the Nigerian Exchange Limited rose by N41.06bn on Thursday as investors’ trading volume jumped by 94.79 per cent. The NGX All-Share index appreciated by…
FG Reviews PPPRA, CBN, Others’ Revenue Targets By 71.09 Percent
The Federal Government has reviewed upwards the independent revenue projection for Ministries, Departments and Agencies in the 2022 fiscal period by N754.31bn. The N754.31bn indicates an increase of 71.09 per…
Powell Still Favorite For Fed Reinstatement But Investors Examine Alternatives
Jerome Powell may still be the clear favorite to get renominated as Federal Reserve Chairman, but some investors are considering the long-shot alternative should there be a surprise change. Powell’s…
Flutterwave Set To Triple Last Valuation
Flutterwave Inc., a Nigerian payments firm, is seeking fresh funding at a valuation of $3 billion or more, a figure that would roughly triple its last valuation, according to people…
Naira Depreciate By 0.19 Percent
The value of the naira fell further by 1.68 per cent against the dollar at the official market on Thursday. At the Investor & Exporter foreign exchange window, the local…
United Wholesale Mortgage Stop Plan To Accept Payment In Crypto
U.S. homebuyers apparently aren’t all that interested in paying their mortgages in cryptocurrencies like bitcoin. United Wholesale Mortgage, which made its public debut in January via a special purpose acquisition…
ABCON Seeks Measures To Curb Naira Depreciation
The Association of Bureaux De Change Operators of Nigeria (ABCON) has advocated measures to curb the continued depreciation of the naira. In its third Quarter Economic Review, ABCON said the…
Facebook To Train Next-Generation Artificial Intelligence Model
Facebook on Thursday announced a research project in which it collected 2,200 hours of first-person footage from around the world to train next-generation artificial intelligence models. The project is called…
House Of Representative Expressed Concern Over High Rate Debt Servicing: 2022 Budget
As the legislative debate on the 2022 budget, which was presented to the joint session of lawmakers by President Muhammadu Buhari last week continued on Wednesday, members of the House…
Absa Africa’s Financial Index Ranked Nigeria As Third Attractive Destination For Foreign Investment
The Absa Africa Financial Markets Index 2021 (AAFMI) has ranked Nigeria as the third most attractive country in Africa for foreign investment. The AAFMI surveyed 23 countries in Africa and…
CBN Revises Regulations, To Sanction BVN Violators
The Central Bank of Nigeria (CBN) has revised its regulatory framework for Bank Verification Number (BVN) operations noting that violators of BVN rules will be sanctioned. In a circular issued…