Nigeria Exchange Limited Stock Market Gain N247 Billion
The stock market of the Nigerian Exchange Limited (NGX) yesterday ended trading activities for the second day of the week…
Year: 2021
Telehealth: Study Shows Increasing Adoption By Patient in 2021
By all accounts, telehealth has transformed healthcare delivery over the past 18 months as droves of patients have adopted the…
Google Says It Will Invest And Back Africa Startups To Support Its Digital Transformation
Google plans to invest $1 billion in Africa over the next five years to ensure access to fast and cheaper…
Interstellar Partner With Interswitch Group To Develop Blockchain-Powered Infrastructure
Interstellar Inc. has partnered with Interswitch Group to develop blockchain-powered infrastructure services and solutions. Both firms have been working over…
Airtel Africa New Managing Director and Chief Executive Officer Begin Role Officially
Airtel Africa Plc has announced the resumption of duties of its new Managing Director and Chief Executive Officer, Olusegun Ogunsanya,…
PenCom And EFCC To Work Together In Eradicating Fraud
The National Pension Commission has said it is working with the Economic and Financial Crimes Commission to eradicate fraud in…
Nokia Unveil First Tablet “T20” With 15 Hour Long battery life
The company that makes Nokia-branded phones on Wednesday unveiled its first tablet, the Nokia T20, in a challenge to Apple’s iPad.…
Nigeria Government Approves Payment Of Stipend To Student In The Department Of Education
The Federal Government has approved the sum of N75,000 as a stipend per semester for students undergoing degree programmes in…
U.S. Hedge Fund Coatue Management Is Planning To Set Up Office In Europe
U.S. hedge fund Coatue Management is planning to set up a new office in Europe as part of an effort…
International Monetary Fund(IMF) Recognizes Global GDP In 2021 To Fall Slightly Below The Prior Forecast Of Six Percent
The International Monetary Fund expects global economic growth in 2021 to fall slightly below its July forecast of 6%, IMF…
Brokerage Robinhood Introduces 24 Hours Phone Support After Communications Criticisms
Robinhood Markets Inc said on Tuesday it had introduced 24-hour customer phone support, seven days a week, addressing criticisms over…
Bitcoin Rose Above The $50,000 Mark For First Time In Four Weeks
Bitcoin, the world’s biggest cryptocurrency by market value, rose above the $50,000 mark for the first time in four weeks…
Facebook Outage Shows Need For More Rivals, Says Margrethe Vestager
Facebook’s six-hour outage the previous day shows the repercussions fn relying on just a few big players and underscores the…
EFCC Probes Central Bank Of Nigeria Over Multi-Billion Naira Agric Loan Fraud
The Economic and Financial Crimes Commission (EFCC) has begun an investigation into an alleged multi-billion naira fraud at the Central…
BluePeak Private Capital Raise Capital For Flagship Private Credit And Mezzanine Fund
BluePeak Private Capital, an alternative investment firm with a strong focus on Africa, announced that it has raised capital of…
Crypto Exchange “Yellow Card” Raises $15 Million In Series A Funding
Cryptocurrency exchange, Yellow Card, has announced a $15M Series A, the largest ever by an African cryptocurrency exchange, to ramp…
Stocks Drop Low As Investors Fear Oil Rally Fuels Inflation
Asian shares tracked a broad sell-off on Wall Street to weaken for a third straight session on Tuesday, as investors…
Development Partners International (DPI) Sells Stake In Food Concepts To ACA
Private equity firm Development Partners International (DPI) said on Thursday it has sold about a third of its stake in…
Africa Startup “Andela” Attains Unicorn Status
Andela, a startup that connects African software engineering talent to global companies has raised $200 million from investors led by…
Russia Move To Make First Space Movie
In a historic first, Russia has launched an actor and a film director into space to make a feature film…
1000 Additional Worker Needed For Nigeria Rail Line
The Lagos-Ibadan rail line will employ 1,000 additional workers at the cost of N567.45m per annum. The Managing Director, Nigerian…
Tesla To Pay Former Worker For Damages
A San Francisco federal court decided that Tesla must pay a former worker, Owen Diaz, around $137 million after he…
Airtel Nigeria To Buy Back 8.27% Minority Shareholdings
Airtel Africa has announced that its subsidiary, Airtel Networks Ltd. (Airtel Nigeria), has initiated a process to buy back 8.27…
Pressure On Cost Leads To Purchase Price Inflation
Unfavorable exchange rate movement exerted pressure on cost, leading to a rise in purchase price inflation. Stanbic IBTC Bank Nigeria…
Facebook Lost Billions After Outage
The global economy lost billions of dollars as Facebook, WhatsApp, and Instagram went down at about 4.42pm on Monday. According…
Nigeria Spent N1.47tn On Debt Servicing
Nigeria spent N1.47tn on debt servicing payments in the first half of 2021, data obtained from the Debt Management Office…
Evergrande Crisis Is Affecting China’s Property Market
On the heels of Evergrande’s debt crisis, there are increasing signs of stress in China’s property market after one developer…
Evergrande Set To Sell Part Of Its property Services Unit Stake
Indebted developer Evergrande is set to sell part of its stake in its property services unit, the second asset sale…
Monzo Withdraws Application For U.S. Banking License
British financial technology firm Monzo has withdrawn its application for a U.S. banking license following discussions with regulators at the…