Real Time Financial News Website
Popular instant messaging service, WhatsApp has added a new feature that gives users better control over their messages and how long they stay visible, with default disappearing messages and customizable…
YouTube Music has said it has partnered with two Nigerian organisations, Briteswan and iManage Africa Entertainment Limited. The partnership involves provision of financial grants, capacity development training, and advisory to…
Microsoft has said there is a need to redefine work processes as around 40 per cent of the global workforce is considering leaving their current jobs. According to the company,…
Heirs Insurance Limited (HIL) and Heirs Life Assurance (HLA) have extended simple insurance plans to the beneficiaries of the Tony Elumelu Foundation (TEF). According to the company, targeted at minimising…
At the 2021 workshop of Capital Market Correspondents Association of Nigeria(CAMCAN) in Lagos, the Director-General of Securities and Exchange Commission (SEC), Mr Lamido Yuguda who was represented by Executive Commissioner,…
According to Reuters “Intel Corp said on Monday it plans to take self-driving-car unit public in the United States in mid-2022, a deal which could value the Israeli unit at…
Chinese artificial intelligence startup SenseTime Group is looking to raise up to $767 million in its Hong Kong initial public offering (IPO), according to a term sheet seen by Reuters.…
Kenyan fintech Asilimia raised $2 million in pre-seed funding ($1 million equity and $1 million debt), the funding came from various investors, including Fredrik Jung Abbou, a two-time unicorn founder…
South Africa Mobile marketing startup Mobiz has raised a total of $4 million for its pre-Series A round from a group of investors which include HAVAÍC, Futuregrowth, Launch Africa, CapaciTech,…
Yassir, an Algerian startup founded in 2017 provides on-demand services such as ride-hailing and last-mile delivery, has raised a $30 million Series A round. The investment came from a long…
Shares in Long4Life, the company owned by entrepreneur Bidvest founder Brian Joffe, soared in trade on Friday (3 December), on news of a multi-billion rand acquisition proposal from Old Mutual’s…
Tumbling tech stocks on Friday wiped out tens of billions of dollars from the net worth of some of the billionaires, amid fears of inflation and economic tightening. According to…
The Nigerian stock market declined by N598bn at the end of last week as some large-cap stocks recorded price losses. The NGX All-Share Index depreciated by 2.63 per cent to…
Spanish power company Iberdrola and Sweden’s H2 Green Steel are to partner and develop a major facility that will produce green hydrogen, in yet another example of how companies are…
Ford’s fate looks rosy to Inside Edge Capital Management founder Todd Gordon. Ford’s stock was just above $20 a share in premarket trading Friday. With shares of the automaker meeting…
The Senate Committee on Banking, Insurance and other Financial Institutions has lamented that highly-placed Nigerians were frustrating the effort of the Asset Management Corporation of Nigeria (AMCON) to recover N4.4…
A Director in the office of the Accountant General of the Federation, Alhaji Salau Zubairu, has said Nigeria and Tanzania are the only African countries rated as complying with implementing…
Dolidol an international firm has acquired Mouka Foam in a $60 million (N24.9 billion) deal to create pan-African bedding and mattress. The deal was backed by the Development Partners International…
The President, Major General Muhammadu Buhari (retd.), has transmitted the Finance Bill 2021 to the National Assembly for consideration and passage to give legal backing to some of the proposals…
World leaders must go beyond “grand gestures” to feed the 45 million people around the world who are on the brink of famine, 120 non-governmental organisations (NGOs) have warned. The…
The crude oil market continues to suffer from bearish sentiments caused by the new Omicron COVID-19 variant, which has pushed crude oil prices below $70 per barrel. Crude oil benchmark,…
Tesla Inc Chief Executive Elon Musk has sold another 934,091 shares of the electric vehicle maker worth $1.01 billion to meet his tax obligations related to the exercise of options…
Shares in Japanese conglomerate SoftBank Group Corp dropped over 3% on Friday after the giant tech investor was hit with three disappointments within 24 hours, including a poor Nasdaq debut…
Investors from the United Arab Emirates have pledged $2bn worth of investments into the Nigerian mining sector as the aftermath of the Africa-UAE Trade and Investment forum. A statement from…
Globacom and Emerging Markets Telecommunication Service Limited are set to miss out on the deployment of Fifth Generation network for at least two years as the Nigerian Communications Commission qualifies…
The Central Bank of Nigeria (CBN) has frowned at the commercial banks for not doing much to educate Nigerians about the recently launched e-Naira platform. Officials of the CBN, who…
The Central Bank of Nigeria (CBN), has assured that it has put in place effective mechanisms to insulate the e-Naira from hackers and fraudsters. The Director, Corporate Department, CBN, Mr…
The Central Bank of Nigeria, CBN, has raised the volume of foreign exchange sales to the Small and Medium Enterprises (SMEs) category businesses by 31 percent in the first seven…
Transnational Corporation of Nigeria (Transcorp Plc) has posted a N13.467 billion Profit After Tax (PAT) for third-quarter ended September 2021. The performance represents N11.721 billion growth, compared with N1.746 billion…
Qualcomm introduced a new Snapdragon G3x microchip on Wednesday for handheld consoles in a sign of gaming’s rising importance for semiconductor companies. The announcement shows Qualcomm wants a piece of…