Powell Still Favorite For Fed Reinstatement But Investors Examine Alternatives
Jerome Powell may still be the clear favorite to get renominated as Federal Reserve Chairman, but some investors are considering…
Year: 2021
Flutterwave Set To Triple Last Valuation
Flutterwave Inc., a Nigerian payments firm, is seeking fresh funding at a valuation of $3 billion or more, a figure…
Naira Depreciate By 0.19 Percent
The value of the naira fell further by 1.68 per cent against the dollar at the official market on Thursday.…
United Wholesale Mortgage Stop Plan To Accept Payment In Crypto
U.S. homebuyers apparently aren’t all that interested in paying their mortgages in cryptocurrencies like bitcoin. United Wholesale Mortgage, which made…
ABCON Seeks Measures To Curb Naira Depreciation
The Association of Bureaux De Change Operators of Nigeria (ABCON) has advocated measures to curb the continued depreciation of the…
Facebook To Train Next-Generation Artificial Intelligence Model
Facebook on Thursday announced a research project in which it collected 2,200 hours of first-person footage from around the world…
House Of Representative Expressed Concern Over High Rate Debt Servicing: 2022 Budget
As the legislative debate on the 2022 budget, which was presented to the joint session of lawmakers by President Muhammadu…
Absa Africa’s Financial Index Ranked Nigeria As Third Attractive Destination For Foreign Investment
The Absa Africa Financial Markets Index 2021 (AAFMI) has ranked Nigeria as the third most attractive country in Africa for…
CBN Revises Regulations, To Sanction BVN Violators
The Central Bank of Nigeria (CBN) has revised its regulatory framework for Bank Verification Number (BVN) operations noting that violators…
Oil Drops On Worries Inflation May Dent Fuel Demand Growth
Oil prices dropped on Wednesday, after a mixed finish in the previous session, amid worries that soaring coal and natural…
Australian Shares Snapped Three Straight Sessions Of Losses
Australian shares snapped three straight sessions of losses on Thursday, helped by tech stocks and a near 5% jump by…
Federal Inland Revenue Services Generated Revenues Worth N4.2 Trillion In Nine Month
Muhammad Nami, executive chairman of the Federal Inland Revenue Services (FIRS), says the agency generated revenues worth N4.2 trillion in…
Credit Card Reader “Sumup” Expand Across U.S By Acquiring Marketing Start-Up “Fivestars”
SumUp, a U.K.-based payment processor, has acquired marketing start-up Fivestars in a bid to expand its reach across the U.S.…
Despite Forex Scarcity Fuel Imports Consumed $690 Million In Eight Month
As Nigeria’s refineries continue to sit idle, fuel imports remain a major user of foreign exchange as $690.19m (about N285.95bn,…
International Monetary Fund Increases Nigeria’s Growth Prospect To 2.6% & 2.7% For 2021 & 2022
The International Monetary Fund (IMF) has increased Nigeria’s growth prospect to 2.6 per cent and 2.7 per cent for 2021…
UN Promise To Support Nigeria Industrialisation So As To Achieve Sustainable Development Growth
The United Nations (UN) has promised that it is committed to supporting Nigeria’s industrialisation bid as the country progresses towards…
Kaspersky Blocks 206 Thousand Mobile Malware Attack For Middle East, Turkey and Africa In Six Month
Out of the more than 206 000 mobile malware attacks blocked by Kaspersky solutions for the Middle East, Turkey and…
South Africa Telecom Provider “Telkom” Ends Partnership With Netflix
South Africa telecom provider, Telkom said Netflix will no longer be available on the South African phone and internet company’s…
Subsidizing Fossil Fuels Encourage Overuse Of Fuels: President Of World Bank Group
The President of the World Bank Group, David Malpass, has called against fossil fuel subsidies, adding that subsidised fossil fuels…
U.S. Beats China To Become Top Destination For Bitcoin Miners
The U.S. is now the number one destination for bitcoin miners, eclipsing China for the first time ever. While it…
BVN: Violators Will Be Sanctioned- Central Bank of Nigeria
The Central Bank of Nigeria has said in its revised regulatory framework for Bank Verification Number operations that violators will…
Nigerian Stock Exchange: Equity Market Gain N95.34 Billion
The equities market of the Nigerian Exchange Limited upturned the previous day’s loss with a N95.34bn gain on Tuesday following…
IHS To Become Largest African Company On Wall Street
An African operator of mobile phone masts, IHS Towers might become the largest Africa-focused company on Wall Street if its…
World Bank – Low Income Countries’ Debt Rose To $860bn In 2020
The World Bank on Monday said governments around the world responded to the COVID-19 pandemic with massive fiscal, monetary, and…
CSOs Ask FG To ‘Urgently’ Investigate Nigerians Named In Pandora Papers
Civil society organisations (CSOs) have called on the federal government to begin investigation into persons and companies named in the…
Nigeria’s Banking System Safe, Sound, NDIC Assures Despite Challenges
The National Deposit Insurance Corporation (NDIC) has declared that despite the devastating effects of the COVID-19 pandemic and other challenges,…
Naira Stable, Trades N570/$1 At Parallel Market Weeks After CBN/AbokiFX Row
Nigerian naira on Monday opened the week’s trading at N570 per dollar at the market – as vice president Yemi…
More Ministers’ Sack Looms As Buhari Supervises Appraisal
There is the likelihood that President Muhammadu Buhari will sack more ministers when the ongoing performance appraisal is completed. The…