Vodafone Raises Free Cash Flow Guidance After ‘Solid’ First Half
Mobile operator Vodafone raised its forecast for this year’s free cash flow on Tuesday after it reported 6.5% growth in…
Year: 2021
Tesla’s Musk Sells $930 Million In Shares To Cover Stock Option Tax – Filings
Tesla CEO Elon Musk has sold $930 million in shares to meet tax withholding obligations related to the exercise of stock…
U.S. States File Updated Antitrust Complaint Against Alphabet’s Google
A group of U.S. states led by Texas have filed an amended complaint against Alphabet Inc’s Google accusing the tech…
Poverty Rate In Most North-East States Is 70% – World Bank
The World Bank has put poverty rate in most states of the North-East at 70 per cent, adding that the…
Keystone Bank Denies Reports On Its Meeting With Reps Committee On Recovery
Keystone Bank Limited has said that reports in some sections of the online media on its meeting with the House…
ALERT: Iranian Hackers Targeting Telcos In Nigeria, NCC Warns
The Nigerian Communications Commission (NCC) has alerted Nigerians about the existence of a hacking group orchestrating cyber espionage in the…
Dave Chappelle For Gender Realism
How does a millionaire celebrity comedian with a boatload of awards retain his subversive edge? The great Richard Pryor solved the…
Amazon Settles With California Over Claims It Concealed Covid-19 Cases From Warehouse Workers
Amazon on Monday reached a settlement with California’s attorney general over claims it concealed Covid-19 case numbers from its warehouse…
Large-Cap Stocks Drag Market Lower, Investors Lose N11.83bn
The Nigerian equities market started the week on a negative note as declines in some large-cap stocks saw the market…
Insurance Firms Rake In N2.1tn Premiums In Five Years – Report
Nigerian insurance companies earned a total gross premium of N2.1tn between 2016 and 2020, according to figures obtained from the…
Four Banks Borrow $6.21bn From Foreign Market Amid Dollar Shortage
In a bid to support their balance sheets with foreign exchange, four banks in the country raised $6.21bn from foreign…
JPMorgan Sues Tesla For $162 Million In Warrants Dispute Around Elon Musk Take-Private Tweets
JP Morgan Chase filed suit against electric vehicle maker Tesla in a dispute over warrants, according to court filings out…
Bitcoin Drops Nearly 7% Toward $60,000 As Major Cryptocurrencies Plunge
Bitcoin and other cryptocurrencies fell sharply on Tuesday retreating from near-record highs. Bitcoin fell toward $60,000 during late morning trade…
CBN: Bridging Unbanked Space, Stimulating Digital Transactions
When the Central Bank of Nigeria (CBN) mooted the idea of the e-Naira in 2017 as part of the CBN…
FG To Review 41-Year-Old Map Of Nigeria
The Federal Government has concluded plans to review the current map of Nigeria, which was produced by the Canadian Government…
Nigeria’s Inflation Rate Drops To 15.99% — Seventh Consecutive Decline In 2021
The consumer price index (CPI), which measures the rate of change in prices of goods and services, declined for the…
WeWork Shows More Losses In Its First Quarterly Report As A Public Company
WeWork shares were up more than 2% Monday after the company announced third-quarter earnings, the company’s first report since going…
Nigeria Home To 9,100 Dollar-Millionaires, Worth $207 Billion
Nigeria has recorded about 9,100 high net worth individuals (HNWIs) each with minimum net assets of one million dollars and…
Burger King Parent Restaurant Brands International Buys Firehouse Subs For $1 Billion
Burger King parent Restaurant Brands International announced Monday it bought Firehouse Subs for $1 billion. Shares of the restaurant conglomerate…
After PSB Approval, Airtel Gets CBN’s Nod To Operate As A Super Agent In Nigeria
Airtel Africa Plc says it has been granted approval-in-principle by the Central Bank of Nigeria (CBN) to operate as a…
Portugal Makes It Illegal For Bosses To Contact Employees Outside Working Hours
Portugal has passed new labor laws which include a ban on bosses contacting employees outside of working hours. The new…
Fresh Loans To Push Nigeria’s Debt Stock To N52tr
The fresh $16.23 billion and 1.02 billion approved for the Federal Government will push Nigeria’s debt stock to N52.6 trillion…
Outrageously Expensive Nigerian Ports
The recent revelation that Chinese shipping lines and their agents in Nigeria have introduced double charges on the handling of…
Oil Was Almost $150 The Last Time U.S. Gasoline Cost This Much
U.S. retail gasoline prices are poised to average more than $4 a gallon in three states for the first time…
African Fintech Startup Chipper Cash Raises $30M Backed By Jeff Bezos
African cross-border fintech startup Chipper Cash has raised a $30 million Series B funding round led by Ribbit Capital with participation…
Influenced By N4.28trn 2021 Budget Deficit Financing, FG Lists N812.2bn Bonds On NGX In One Month
Following the drive to raise funds to finance the N4.28 trillion 2021 budget deficit, the federal government listed a total…
AfricInvest’s Private Credit Unit Backs Kenya’s RFH Healthcare
AfricInvest, a pan-African asset management platform that makes private equity, venture capital and private credit deals, has inked a debt…
Oikocredit Makes Debt Investment In Senegalese Microlender CMS
Social impact investor Oikocredit has provided debt capital of €5 million ($5.8 million) to Union des Caisses de Credit Mutuel…
Ata Capital Completes RCA’s MBO
Ata Capital has completed a management buyout (MBO) of Respiratory Care Africa (RCA), a medical devices supplier, from South African…