Uber looking to sell Didi, China market has little transparency, CEO says
Uber Technologies Inc (UBER.N) is looking to sell stakes in non-strategic assets, including its stake in Didi Global Inc, based…
Day: December 16, 2021
Bank Of England Raises Interest Rate To 0.25%
The Bank of England raised its main interest rate to 0.25% on Thursday as inflation pressures mounted in Britain. Most…
Jack Dorsey Appoints Three Nigerians And A South African To Head Bitcoin Trust Fund Board
Twitter founder, Jack Dorsey, has appointed three Nigerians and one South African to act as the board of his Bitcoin…
FG Approves €62m To Procure Transformers For Siemens Power Project
The federal executive council (FEC) has approved $1.9 million and €62.9 million for phase one of the presidential power initiative…
Reps approve fresh $5.8bn loan, $10m grant for FG
On Tuesday, the House of Representatives approved external borrowings amounting to $5,803,364,553.50 and a grant of $10,000,000 for the Federal…
World Bank announces $93bn package for Nigeria, 73 others
On Wednesday The World Bank announced a $93bn replenishment package of the International Development Association to help 74 low-income countries…
Africa should be exempted from zero-carbon emissions target’
PUTTRU Technologies Limited has said Nigeria and other African countries should be exempted from the net-zero carbon emissions target of…
FG generated N86bn from TSA in 10 months – Minister
The Honorable minister of Minister of Finance, Budget and National Planning Her excellency Zainab Ahmed, has said the Federal Government…
Senate okays Buhari’s request on fresh $5.8bn borrowing
On Wednesday the senate approved a loan request of $5.8bn and a grant of $10m under the 2018-2020 External Borrowing…
FEC Okays Startup Bill ‘To Provide Enabling Environment’ For Entrepreneurs
The federal executive council (FEC) has approved the Nigeria startup bill to provide a conducive environment for entrepreneurs. Isa Pantami,…
Reddit Confidentially Files With U.S. Securities And Exchange Commission To Go Public
Social media platform Reddit said on Wednesday it had confidentially filed for a proposed initial public offering (IPO) with the…
Lack Of Seamless Access To Forex May Delay 5G Rollout
The Chairman, ALTON, Gbenga Adebayo, had disclosed at the NCC’s 2021 board and management retreat in November that one of…
Netflix Slash Prices Of It’s Streaming Services In India
Netflix slashed on Tuesday the prices of its streaming services in India, for the first time since launching five years…
NBS Says Inflation Dropped Despite Increase In Prices
The inflation rate in Nigeria fell in November to 15.40 per cent (year-on-year), the lowest since December last year, according…
MTN Shares: Shareholders Call For Extension
Shareholder groups of MTN Nigeria have called on the management of the company and the Securities and Exchange Commission (SEC)…
We’ll Toll Roads To Repay Infrastructure Debts – Emefiele
The Governor of the Central Bank of Nigeria, Godwin Emefiele has said most of the roads constructed in the country will…