Real Time Financial News Website
American chip manufacturer Intel Corporation will invest 30 billion ringgit ($7.10 billion) in a new, state-of-the-art facility, Malaysian authorities said on Monday. The Malaysian Investment Development Authority, in a media…
B Investments Holding announced the establishment of B Investments in Healthcare, with a licensed capital of LE 1 billion, to invest in Egyptian companies in the field of specialized healthcare.…
South African financial services firm Rand Merchant Bank (RMB) has picked up an equity stake in The Duchess, joining ZX Ventures as an investor in the maker of alcohol-free drinks.…
California-based digital infrastructure company, Equinix, has acquired Nigeria’s leading data center and connectivity solutions provider, MainOne at a whopping $320million, MainOne confirmed the acquisition. According to the terms of the…
uLesson, African edutech startup, has secured a $15 million Series-B investment from global investors to expand team. Sim Shagaya, chief executive officer, ULesson, on Thursday in Lagos, said the investment…
Meta Platforms cryptocurrency wallet, Novi, will allow users to send and receive money through the social media giant’s messaging app, WhatsApp. The pilot program is open to a limited number…
Grocery delivery start-up Flink has raised $750 million in an additional funding round, it said on Friday, giving the German company the funds to further expand and cash in on…
Tesla Inc Chief Executive Officer Elon Musk is “thinking of” leaving his jobs and becoming an influencer, the world’s richest man tweeted on Thursday. “thinking of quitting my jobs &…
A $52 billion bill aimed at bolstering the U.S. semiconductor industry will include funding for chip design activities, a U.S. commerce department official told Reuters, addressing concerns the funds would…
Following months of speculation, Chinese ride-hailing app Didi announced last week that it would delist from the New York Stock Exchange and pursue a listing in Hong Kong. Delisting means…
Italy’s antitrust watchdog said on Thursday it had fined Amazon 1.13 billion euros ($1.28 billion) for alleged abuse of market dominance, in one of the biggest penalties imposed on a…
According to Punch Newspaper, The Nigerian Deposit Insurance Corporation said on Thursday that a total of N6.16bn was paid as a liquidation dividend to 1,955 creditors and shareholders of closed…
The federal government has proposed the collection of companies income tax (CIT) from profits made by foreign digital companies with “significant presence” in the country. The 2021 Finance Bill which…
The Nigerian Communications Commission has said Nigeria’s 5G plan will allow efficient allocation of spectrum for 5G deployment, and ensure its effective deployment in major urban cities by 2025. The…
Coscharis Motors Plc says one of the brands it represents, the Range Rover Velar, has been named the Luxury Sport Utility Vehicle of the Year at the annual Nigeria Auto…
Facebook says Nigerians will pay 7.5 percent value-added tax (VAT) on all ad placements from January 1, 2022. The social media giant said this in a statement issued on Thursday.…
Equinix, Incorporated has announced that it is acquiring MainOne in a $320m deal that is set to be sealed in the first quarter of 2022. According to Equinix, the acquisition…
StarTimes says it has launched a new reality television show for jobseekers. According to the company, the reality show, called ‘Breaking-In’, will create a platform for youths to gain insights…
The Finance Bill 2021, which is currently being considered by the senate, has made it mandatory for banks to demand the Tax Identification Numbers from their customers. The Senate, on…
In a service update sent to customers on Wednesday, the company said the booking fee was necessary due to an “increase in operating costs”. “At Bolt, we’re committed to making…
Roku a brand of hardware digital media players manufactured by American company has announced that it reached a multiyear agreement with Google to keep YouTube and YouTube TV on its…
Tek Experts has announced that it has grown its employee base from 400 to over 1,800 employees in Nigeria in less than four years. According to the company, Nigeria is…
DataSixth Security Consulting says it has won the ‘Cybersecurity Company of the Year 2021 Award’ at the 5th Tech Innovation and Telecoms Awards. The company, in a statement, restated its…
Former US president Donald Trump hope to launch his Truth social app in 2022, he has been working on Truth since he was banned from Twitter, Facebook and YouTube, he…
Meta and Africa No Filter, a narrative change organisation, have announced a partnership to launch a new fund in Nigeria and other African countries to boost the use of virtual…
According to Bloomberg India on Tuesday, it said the policies set in place for crypto users by India government could attract a jail term of one year and six month…
Nigeria’s debt to China, France, Japan, India and Germany rose to $4.26bn as of June 30, 2021 from $3.85bn at the end of 2019, according to data obtained from the…
Oludare Awoniyi, Nigeria’s ambassador to the Bolivarian Republic of Venezuela, says both countries are in talks to establish a direct air link to promote trade relations. Awoniyi said this during…
The total value-added tax (VAT) collected on behalf of the federation decreased by N11.75 billion within three months to N500.49 billion in the third quarter of 2021 according to the…