Visa, Kuda Partner To Issue Physical, Virtual Cards
Kuda Technologies says it has partnered Visa, a leading global digital payment company, to offer digital and physical Visa cards…
Year: 2021
Rivian Prices IPO At $78 A Share, Valuing Electric Vehicle Company At $66.5 Billion
Rivian Automotive, the electric vehicle maker backed by Amazon and Ford, priced its IPO on Tuesday at $78 a share. The deal values Rivian…
Facebook Plans To Remove Thousands Of Sensitive Ad-Targeting Options
Facebook said on Tuesday it plans to remove detailed ad-targeting options that refer to “sensitive” topics, such as ads based…
TSMC, Sony To Invest $7 Billion For New Japanese Chip Plant
Taiwan Semiconductor Manufacturing Co (TSMC) said on Tuesday it would build a $7 billion chip plant in Japan with Sony Group,…
Revenue Formula: FG Proposes 3.13% Increase To LGAs
As the debate for the review of revenue allocation amongst the three tiers of government gain traction, the federal government…
Senate Passes Electoral Act Amendment Bill, Approves Electronic Transmission, Direct Primary
The Senate on Tuesday approved the conference committee report on the Electoral Act Amendment Bill. The report was approved after…
Nigerian Raw Sugar Imports Gulp N580.8bn
Nigerian firms backed by Federal Government’s Backward Integrated Programme (BIP) have taken delivery of raw sugar valued at N580.8 billion…
Africa’s 125.8bn Crude Oil Reserves Slump by 500m Barrels in 2021
The 125.8 billion crude oil reserves owned by 17 African countries have depleted by about 500 million barrels this year…
FAAN Plans Tough Punishments To Tackle Corrupt Practices At Airports
The Federal Airports Authority of Nigeria on Monday declared that henceforth any public or private sector official at the airport…
Mobile Money Service Approval Sends MTN Nigeria Shares Up 9.34% To All Time High
Shares of Nigeria’s second biggest listed company MTN Nigeria MTNN.LG rose 9.34% to an all time high on Monday after…
Transactions In Fixed Income, Currency Market Up 94.9%
Turnover in the fixed income and currency (FIC) market rose to N24.03 trillion in September, 2021, representing a 94.89 percent…
Meta Launches Facebook Business Coach For SMBs In Africa
Meta, an American multinational technology company, said it will be launching Facebook Business Coach, an innovative and easily accessible way…
Cooking Gas Price Jumps By 240%, Marketers Halt Imports
Importers of Liquefied Petroleum Gas, popularly called cooking gas, have stopped importing the commodity. Investigations also show that the cost…
Don’t Create Artificial Fuel Scarcity, NNPC Cautions Nigerians
The Nigerian National Petroleum Corporation (NNPC) has once cautioned members of the public against engaging in panic buying of petrol,…
British Government Sells About £400 Million Of NatWest Shares
The U.K. government has sold roughly 400 million pounds ($540 million) worth of shares in NatWest Group Plc in the…
Pound Recoups Some Post-BOE Losses, Holds Near 5-Week Low
The pound rose on Monday off five-week lows touched last week against the dollar and euro, clawing back some of…
Nigerians Are Safe With 5G Network – FG Clarifies
The Executive Vice Chairman of the National Communications Commission, Prof. Umar Danbatta on Monday in Abuja again clarified that Nigerians…
As Inflation Bites, Nigeria Small Businesses Struggle To Survive
Every morning, Esther George rises before dawn to prepare a cooler of rice and a large pot of beans, as…
Former Carlyle Exec Chigwende’s $250-mn Africa Fund Gets Anchor LPs
Admaius Capital Partners, a new private equity firm floated by Marlon Chigwende, has roped in anchor Limited Partner (LP) commitments…
Five Dealer Managers To Handle UBA Dollar-Denominated Bond
United Bank for Africa Plc has contracted five dealer managers to administer its five-year fixed rate benchmark Dollar- denominated regulation…
Uber Posts Net Loss Of $2.4 Billion In Q3, But Delivery Business Outperforms
On Thursday, November 4, 2021, Uber announced its third-quarter earnings. In after-hours trading, shares rose 1% after a dip.A drop…
Twitter Plans To Allow Space User Access Live Audio Session
Social media giant, Twitter is improving on its functionality to allow Spaces users access live audio sessions through the web, without necessarily logging into the platform—a development that will…
Africa Requires $2.8 Trillion Investment To Transition To Clean Energy By 2050 – PWC
Energy experts at PricewaterhouseCoopers (PwC) have said that African countries will need an estimated $2.8 trillion investment to transit from…
Jaiz Bank Recorded N3.3 Billion Q3 Profit Before Tax
Jaiz Bank Plc has declared a N3.3 billion profit before tax of N3.3 billion in the third quarter of this…
New Cybersecurity Format Threatens Hybrid Workplace
Latest Security report, titled: Out of Sight and Out of Mind, a comprehensive global study highlighting how the rise of…
Google Virtual Accelerator Programme Now Open For Startups In Nigeria
Google has said application to its three-month virtual accelerator programme is now open to startups in Algeria, Botswana, Cameroon, Côte…
Meta (Facebook) Plans To Open It’s First Retail Store
Meta is in discussion and may soon open its first retail store as it looks to break into the metaverse…