CBN’s Suspension Of Foreign Exchange Supply To BDCs Boosts Banks’ Income As 6 DMBs Rake In N145.6bn
With Central Bank of Nigeria (CBN) suspending Foreign Exchange (FX) supply to Bureau De Changes (BDCs), a total of six…
Month: November 2021
Still On Osinbajo’s Call To Float Naira
What other options do we have to increase the supply side of forex to the Nigerian economy, or do we…
Forex Scarcity: How We Help Manufacturers Get Dollars – Adebayo, Trade & Industry Minister
Otunba Richard Adeniyi Adebayo, Minister of Industry, Trade and Investment, giving his mid-term report, explains how his ministry supports manufacturers…
Delivery Platform Breadfast Lands $26 Million For Its Series A
The market for food and grocery delivery across Africa and the Middle East is worth nearly $1 trillion. And Egypt,…
US-Based At One Ventures Leads Round For Electric Vehicle Manufacturer
Opibus, the first company in Kenya to commercially future-proof diesel and gasoline vehicles by converting them to electric, is set…
OP Finnfund Backs Moroccan Healthcare Business
OP Finnfund Global Impact Fund I, a Finnish global emerging markets impact fund anchored by Finnfund, has invested $10 million…
Creadev Leads Series C Round For Twiga
Years ago, Americans spent most of their disposable income on food, but consistent investment in retail infrastructure has changed that.…
Chipper Cash Raised $150 Million In Series C Extension Round
Chipper Cash, an African cross-border payments company, has raised $150 million in a Series C extension round led by Sam…
Nigerian Stock Exchange Dropped By 0.06 Percent
The Nigerian stock market lost N12.58bn last week as investors took profits in oil and gas, banking and consumer goods…
SoftBank Group Reported $3.5 Billion Q3 Loss
SoftBank Group Corp reported a 397 billion yen ($3.5 billion) net loss for the July-September quarter, dragged down by a…
Berkshire Hathaway Report Operating Income Of $6.47 Billion In Q3
Berkshire Hathaway saw another double-digit increase in its operating profit thanks to a continuous rebound in it railroad, utilities and…
MDA Bank Charges And Insurance Premiums Expected To Amount To N22.6 Billion
Deposit Money Banks and insurance companies are expected to rake in the sum of N22.6bn in bank charges and insurance…
Ant Group Begins Differentiation Of Consumer Loan Business Jiebei From Bank Loans
China’s Ant Group said on Monday that it is making efforts to “differentiate” part of its short-term consumer loan business…
Bitcoin Hit All Time High
Bitcoin rose to a two-and-a-half-week peak on Monday and ether climbed to a fresh record as cryptocurrencies ride higher on…
Tesla Opens Battery Manufacturing Factory In Canada
Tesla opened a factory to produce battery manufacturing equipment in the Canadian city of Markham, Ontario, the city said on…
SolarWind Investors Sues Software Directors
SolarWinds Corp investors have sued the software company’s directors, alleging they knew about and failed to monitor cybersecurity risks to…
FG: New Electricity Will Connect Nigeria To Three Other Countries
The Federal Government announced on Friday that the transmission line being constructed under the West Africa Power Pool North Core…
Magistrates Sign Blank Warrants For Police, EFCC To Raid Homes, Freeze Accounts – Adegboruwa
In this interview with ENIOLA AKINKUOTU, human rights lawyer, Mr Ebun-Olu Adegboruwa (SAN), speaks about the raid on the home…
U.K. House Prices Gain for a Fourth Month, Halifax Says
A shortage of homes for sale and a buoyant labor market are expected to underpin the U.K. housing market as…
Twitter Barn It’s Trend Section In Ethiopia Temporarily
Social network Twitter Inc has temporarily disabled its Trends section in Africa’s conflict-hit nation of Ethiopia over threats of physical…
Apple Employs Former Tesla Engineer To Boost Car Development Effort
Apple has hired a former engineer from Tesla Inc to boost its car-development efforts, Bloomberg News reported on Friday, citing…
U.S. Senate Introduce Bill To Limit Big Tech Mergers
Two U.S. senators have introduced bipartisan legislation that seeks to make it harder for Amazon.com and other tech giants to…
N58.6Billion Spent To Print N1.06Trillion In 2020 – Central Bank Of Nigeria
The Central Bank of Nigeria (CBN) says it spent N58.618 billion to print 2.518 billion of naira notes, valued at…
OPEC Raises Nigeria’s Oil Production Bar To 1.666mbpd
The Organisation of Petroleum Exporting Countries and its allies (OPEC+) on Thursday raised the production quota of members by 0.4…
Foreign Airlines Protest Withdrawal As Stuck Funds Hit N328 Billion
Foreign airlines operating in and out of Nigeria have taken their protest to the Central Bank of Nigeria (CBN) over…
Gold Jumps 1% As Fed Signals Patience On Rate Hikes, BoE Holds Fire
Gold prices jumped 1% on Thursday after the Federal Reserve indicated it would be patient on raising interest rates and…
Kenyan Shilling And Zambian Kwacha Under Pressure
Kenya’s shilling and Zambia’s kwacha are likely to weaken in the coming week while the Ugandan shilling is expected to…
British House Prices Jump 0.9% In October
British house prices rose for a fourth month running in October in the latest sign of strong momentum in the…
Botswana’s Second Privately-Owned Coal Mine Set To Begin Work In 2022
Work is due to begin on Botswana’s second privately-owned coal mine in the first quarter of next year, the CEO…