Christmas Week Trades Add $77.89bn To Bitcoin Market Cap
The market capitalisation of Bitcoin increased by $77.89bn during the week leading up to Christmas. On December 19, BTC had a market cap of $883.01bn. It opened trading at $46,853.87,…
1.3 Million Bitcoin Left Circulating On Crypto Exchanges
In glad tidings for an orange Christmas, Bitcoin (BTC) supply is drying up to lows not seen for years. In a recent tweet by CryptoRank, just 6.3% of the total…
Japan’s Shionogi Starts Phase III Clinical Trial In Vietnam For Covid-19 Vaccine
Japan’s Shionogi & Co. Ltd announced on Monday that phase III of its clinical trial for a new COVID-19 vaccine has begun in Vietnam. The pharmaceutical company has already conducted…
MTN Nigeria Launches RCS Business Messaging With Google, Dotgo
MTN Nigeria is all set to launch RCS Business Messaging (RBM) Services in partnership with Google and Dotgo. Dotgo is a Gupshup company and a leading cloud communications provider of…
TikTok Surpasses Google To Become The Most Visited Site In 2021
According to Cloudflare’s 2021 Year in Review internet traffic statistics, popular video-sharing app TikTok has surpassed Google to become the most visited website in the world. TikTok skyrocketed in popularity…
Mobile Gaming Company, i3 Interactive Inc, Records Growth Of 45,000% In A Trading Day
Canadian mobile gaming company, i3 Interactive Inc, recorded over 45,000% growth in share price after yesterday’s trading session. This comes after the company shed spotlight on its Investment on Moonshine…
Nigeria To Replace Identity-Slips With Digital Tokens
The Nigerian Government has announced that it would replace its National Identification Number (NIN) with a suite of digital Tokens. This was disclosed by the Minister of Communications and Digital…
Britain Announces £1 Billion Aid To Omicron Hit Businesses
Britain announced on Tuesday 1 billion pounds ($1.3 billion) of extra support for businesses hit hardest by the wave of Omicron COVID-19 variant, which is hammering the country’s hospitality sector…
Chinese Province Summons Five E-Commerce Firms Over Livestreaming
A consumer protection organisation in China’s Zhejiang Province on Thursday summoned five online platforms. The platforms are Alibaba Group’s Taobao, Pinduoduo and JD.com over livestreaming irregularities during the Singles’ Day…
Russia Fines Twitter For Not Deleting Banned Content, Says Court
A Moscow court on Thursday said it had fined Twitter 3million roubles for failing to delete content Russia deems illegal. The latest in a string of penalties against foreign technology…
Petrol Subsidy Rises, Hits N1.16tn In 11 Months
The amount spent on subsidising Premium Motor Spirit, popularly called petrol, rose to N1.16tn between January and November this year, the latest data from the Nigerian National Petroleum Company Limited…
Intel Apologises In China Over Xinjiang Supplier Statement
U.S. chip maker Intel apologised on Thursday to Chinese customers, partners and the public after a letter telling its suppliers not to source products or labour from the western region…
More Than 4.6 Mln Got Health Insurance Through ACA in 2021 -Biden
More than 4.6 million people gained health coverage in the United States in 2021 through the Affordable Care Act (ACA) amid the ongoing COVID-19 pandemic, U.S. President Joe Biden said…
One Million Nigerians, Under 24, Died Over Healthcare, Socioeconomic Problems 2020 – Report
About one million Nigerians under the age of 24 died in 2020 due to healthcare challenges in the country. Estimates developed by the United Nations Inter-agency Group for Child Mortality…
FG Rakes In N2.56tn From Petrol, Kerosene, Diesel Sales In 13 Months
The Nigerian National Petroleum Company Limited on Wednesday announced that it earned N2.56tn revenue from the sale of white products (petrol, kerosene, diesel) in about 13 months. It said in…
US Treasury Official Beckons New Stablecoin Regulations
The United States Treasury made further hints at new laws for stablecoins on Dec. 17. Nellie Liang, the Under Secretary of the Treasury for Domestic Finance, fueled more stablecoin regulation…
Chinese Companies Embark On A Metaverse Trademark Race
In spite of the metaverse and nonfungible tokens (NFTs) warning issued by People’s Bank of China’s (PBOC) in November, more than a thousand Chinese companies have submitted thousands of metaverse-related…
World Bank Loans Nigeria $700m For Water Supply, FG Blames States
The Federal Government has secured a $700m loan from the World Bank for specific water projects in the country, the Minister of Water Resources, Suleiman Adamu, has said. According to…
Foreign Investors Withdraw N173.32bn From Stock Market
Foreign investors pulled out a total of N173.32bn from the Nigerian stock market from January to October, official data obtained on Monday show. The Nigerian Exchange Limited, in its latest…
Nigeria Loses N499.32bn As Twitter Ban Hits 200 Days
Nigeria’s economy has lost N499.32bn to the shutdown of Twitter since it came into effect on June 4, 2021. The Federal Government announced the suspension of Twitter after the social…
Investors Record N260bn Weekly Gain As 32 Stocks Rise
Investors in the Nigerian stock market gained N260bn as 32 firms saw their share prices rise at the end of trading last week. The NGX All-Share Index and market capitalisation…
Online Learning Platform Raises $3.5m Pre-Seed Funding
Edukoya, an online learning platform, says it has raised $3.5m in pre-seed round to enable its live launch in 2022. The round was led by Target Global and had participation…
Google Announces Investment In Tech Startup
Google has announced its first investment from its Africa Investment Fund in SafeBoda, a tech firm that operates in Nigeria and Uganda. It said in a statement that this investment…
Foreign Telcos To Pay $0.045 To Terminate Calls In Nigeria
Foreign telecommunications companies, telcos who wish to terminate calls to their counterparts in Nigeria, will now have to pay a minimum of $0.045 per minute to have the call go…
Japan’s Nikkei 225 Jumps 2% As Investors Assess Omicron Risks
Shares in Asia-Pacific rose in Tuesday trade as investors continued to monitor the situation surrounding the omicron Covid variant. Japanese stocks led gains regionally, with the Nikkei 225 in Japan…
China Mobile To Raise Up To $8.8 Bln In Shanghai Listing
China Mobile the world’s largest mobile network operator by total subscribers, said on Tuesday it aims to raise up to 56 billion yuan ($8.8 billion) in a Shanghai public offering,…
Social Media App Parler Plans To Expand Into NFTs
Social media platform Parler said on Monday it will expand its business into non-fungible tokens (NFT), in a move that underpins the rapid growth of the digital asset in recent…
Moderna Says Covid Booster Appears To Protect Against Omicron
Moderna announced Monday that a third dose of its mRNA vaccine against Covid-19 appears to provide significant protection against the omicron variant, sending shares higher in premarket trading. Moderna shares…
Oracle To Enter Into It’s Biggest Acquisition Ever
Enterprise software giant Oracle will buy electronic medical records company Cerner in an all-cash deal for $95 per share, or approximately $28.3 billion in equity value. The deal, expected to…
China Cuts Lending Benchmark, Market Sees More Easing In 2022
China cut its lending benchmark loan prime rate (LPR) for the first time in 20 months on Monday. The one-year LPR was lowered by 5 basis points to 3.80% from…