Real Time Financial News Website
The Nigerian Communications Commission (NCC) has inaugurated an incidence response facility, aimed at addressing incidences of cybercrime, protecting telecoms infrastructure and encouraging increased participation in nation’s digital economy. The NCC…
Private equity firm Adiwale Partners has made a final close of its first fund, nearly two years after making a first close and four months after striking the maiden deal…
Citi has launched its latest Global Perspectives & Solutions (Citi GPS) report, entitled: ‘’Holistic Digital Policy – Nation States Must Lead in Building Equitable Human-Centric Digital Economies.’’ The report sets…
Africa50, a pan-African investment platform, has launched $500 million Infrastructure Acceleration Fund to bridge the continent’s infrastructure gap. Africa50’s investor base composed of 28 African countries, the African Development Bank(AfDB),…
Cape Town-based Stone Three, an industrial internet of things (IoT) firm, has secured funding from venture capital firm Knife Capital to enhance its enterprise product offerings. Stone Three, which develops…
AfricInvest, a leading Pan-African asset management company has announced the acquisition of a minority stake in Royal Exchange General Insurance Company (REGIC). The investment was made through its private equity…
Nigerian operators are seeking more participation in the global luxury travel market estimated to grow by $1,232.77 trillion between 2021 and 2025 as increasing demand for private travel/seats sharing is…
As the naira crisis continues to worsen, foreign carriers operating in Nigeria have begun moves to reduce the total number of tickets they sell on Nigerian routes amid worsening dollar…
Crude oil prices settled higher on the back of tightened supply balances and a weak United States employment report that may present headwinds to an increasingly hawkish US Federal Reserve.…
Investors in the Nigerian equities market earned N340.29bn as trading ended on the floor of the Nigerian Exchange Limited on Friday. The NGX All-Share index and market capitalisation appreciated by…
Meituan shares surged over 9% on Monday, leading China technology stocks higher, after the food delivery giant was slapped with a fine as a result of an antitrust probe. On…
The Punch gathered that customers were unable to use the mobile network operator’s call, data and SMS services. As a result, most of the users, who subscribed to other telecommunications…
The Securities and Exchange Commission (SEC) has granted MTN Nigeria Communications approval to launch its series II 10-year Fixed Rate Bond (Series II Bond), MTN’s Company Secretary, Mrs Uto Ukpanah,…
An alleged scheme to defraud the NBA health plan of millions of dollars has led to the arrest and indictment of nearly 20 former NBA players. Jonathan Dienst of NBC…
The Federal Government has allocated the sum of N5.93tn to critical sectors of the economy including defence, health, education and infrastructure. According to the Minister of Finance, Budget and National…
Apple will build a new regional headquarters at the border of Culver City and Los Angeles, the company said on Friday, signaling the company’s continued investment into becoming a major…
“This a historic moment. The long-awaited malaria vaccine for children is a breakthrough for science, child health and malaria control,” said WHO Director-General Dr Tedros Adhanom Ghebreyesus.
West Texas Intermediate crude futures, the U.S. oil benchmark, crossed $80 per barrel on Friday for the first time since November 2014 as demand rebounds while supply remains tight. The…
Shopee, the e-commerce arm of Southeast Asia’s Sea Ltd, plans to launch online sales in Spain via its website and local apps, according to a social media account run by…
The Dutch antitrust authority has found that Apple’s rules requiring software developers to use its in-app payment system are anti-competitive and ordered it to make changes, four people familiar with…
Taiwan’s TSMC and Japan’s Sony Group Corp are considering jointly building a chip factory in Japan, with the government ready to pay for some of the investment of about 800…
Europe’s record year for initial public offerings (IPOs) is threatening to come to a juddering halt as inflation fears and concerns over a property crisis in China have soured investors’…
European shares slipped on Friday but held most of the previous session’s gains as investors welcomed the U.S. Senate’s temporary lifting of the debt ceiling and awaited crucial jobs data…
Chief executive Elon Musk announced the move at the electric carmaker’s annual shareholders’ meeting in Austin. Mr Musk had fallen out with local politicians in Alameda county, California, the location…
The exchange rate between the naira and the US dollar closed at N414.67/$1, at the Investors and Exporters window, where forex is traded officially. Naira appreciated marginally against the US…
The Nigerian financial technology providers, fintechs, have attracted at least $1 billion (about N410.82 billion) investments in six years. This figure was disclosed at the 31st Seminar for Finance Correspondents…
Co-Impact has reiterated its commitment to raising and deploying $1 billion, through its Gender Fund, to initiatives working to advance gender equality and promote women’s leadership across the global south.…
Samsung Electronics shares failed to hold onto earlier gains on Friday after the company said its operating profit for the quarter that ended in September was likely 28% higher than…
The Nigerian government had on June 4 ordered the suspension of Twitter. Recently, the President, Major-General Muhammadu Buhari (retd.) said, “Social media is a very useful platform that has enabled…
Major cryptocurrency exchange Binance sees Ireland as part of its plans to establish a number of headquarters across the world, its CEO told Reuters on Thursday. Regulators across the world…