Federal Government Of Nigeria In Partnership With Konga
The Minister of Youth and Sports Development Sunday Dare during the signing of a landmark partnership between Konga and the…
Year: 2021
Oil Palm Startup In Nigeria Raises $4 Million To Build A “Smart” Factory
Besides being a key ingredient for cooking jollof rice, vegetable oil is used industrially in paints, soaps, biofuels, and lubricants.…
Bureaus De Change Operator’s And $34billion Diaspora Remittances
The CBN should institute a framework that allows BDCs, which have automated their operations, to receive the estimated $34 billion…
Nigerian Minister Advocates Capital Punishment For Unlawful Miners
The Minister of State for Solid Minerals, Mines, Steel Development, and Metallurgy, Dr. Uche Ogah has called on the National…
Central Bank Of Nigeria Set To Launch Infrastructure Fund ‘Infracorp’ In October.
The Central Bank of Nigeria announced that InfraCorp Plc, the N15trn Infrastructure Fund which will boost funding for capital projects,…
Canadian Dollar Increased As Softer U.S. Inflation Data Clips Greenback
The Canadian dollar on Tuesday strengthened against its U.S. counterpart for a second day as oil prices rose and data…
Fail Retail Demand For U.S. Stocks Could Hit S&P 500
Retail investors’ appetite for U.S. stocks has fallen in the past week, data from Vanda Research showed on Wednesday, increasing…
Nigeria: Phishing Attack On Business On The Rise Since The Start Of Pandemic
About 66 percent of Nigerian firms have reported an increase in phishing attacks since the pandemic started. Sophos, a cybersecurity…
Former Amazon Executive And Fintech CEO Have Been Hired To Lead Day-To-Day Operations Of Investing And Savings App “Acorns”
Investing and savings app Acorns has hired a former Amazon executive and fintech CEO to lead day-to-day operations ahead of the start-up’s debut as…
Google Gives More Than $10 Billion For Consumer Advantages In S.Korea
Alphabet Inc’s Google said on Wednesday its presence in South Korea equates to nearly 12 trillion won ($10.16 billion) in…
Naira Depreciates Further In The parallel market; Exchanges At N557 To $1
Naira depreciates as the exchange rate at the parallel market depreciated again to another all-time low on Tuesday to close…
U.S. Import Values Post their First Decline In Ten Months
U.S. import prices fell for the first time in 10 months in August amid a decline in the costs of…
Goldman Sachs Expand By Acquiring “Buy Now Pay Later Fintech” Greensky
Goldman Sachs is acquiring digital lender GreenSky for $2.24 billion as the investment bank pushes further into consumer finance. Greensky shares soared higher…
Weber, Microsoft, Canadian National Railway Are Stocks Leading In Pre-Market
Weber (WEBR) – The grill maker’s stock jumped 3.8% in the premarket, following its first quarterly report since going public…
Singapore: Carousell An Online Marketplace Is Now Valued At $1.1 Billion
The Singapore-based Carousell said it is now valued at $1.1 billion — which makes it Southeast Asia’s latest unicorn, a start-up worth more than a billion dollars.
Double-Digit inflation Rate Drove Ten Nigeria Banks Operating Expenses By Seven Percent To N932.26billion
Despite the bountiful profits reported by deposit money banks in the country in their Q2 reports, it has emerged that…
China Data Casts A Fall Over Global Recovery, Prompting A Sharp Increase In UK Prices
Global stocks eased on Wednesday as weaker-than-expected Chinese data cast a pall over economic recovery and a spike in UK…
ECO-Green Buses Get Introduced To Nigeria By Austrian Technologies
Austrian Technologies Nigeria, a natural gas-powered vehicle manufacturer, has disclosed details of its full range of ECO-Green buses, some of…
Nigeria Cryptocurrency Market Experience Over 1000% Growth In One Year
The cryptocurrency market in Nigeria and other African countries have grown by 1200 per cent in one year. This was…
Nigeria’s Inflation slides For Five Consecutive Month
The Consumer Price Index which measures inflation rate fell to 17.01 per cent in August, the National Bureau of Statistics…
US Inflation Data Shows a Mixed Treasury Yeild
United State Treasury yields were mixed on Wednesday morning, following data which showed lower-than-expected inflation. The yield on the benchmark…
Nigeria’s Attorney General Dragged To Court Over Non Remittance Of Stamp Duties
The Attorneys-General of the 36 states of the federation have dragged the Attorney-General of the Federation, Abubakar Malami, before the…
Intra-African Trade Slows, Raises Concern For Stakeholders
Stakeholders have highlighted the underlying issues hampering the growth of intra-African trade despite the ratification of the African Continental Free…
S&P Futures Bounce After Four Days Of Losses, Dow Futures Gain 170 Points
United State stock index futures pointed to a market rebound on Friday, after the S&P 500 and Dow Jones Industrial…
Squeeze In Global Supply Value Chain Blamed As Supermarket Retailer Kroger’s Dip Margins
U.S. supermarket chain Kroger Co reported a slide in a main measure of profitability on Friday, blaming discounts, wastage and this…
Tinder’s Chief Executive Moves To Yahoo For Top Job
The appointment comes just days after Apollo Global Management In closed its $5 billion acquisition of Verizon Media, which owns Yahoo
United Bank Of Africa Announced It’s Half Year Financial Result
Africa’s leading financial institution, United Bank for Africa (UBA) Plc, has announced its audited half year financial results for the half…
Nigeria: MTN And Flutterwave In Mobile Money Partnership
MTN has announced a mobile money partnership with Africa’s leading payments technology company, Flutterwave. The partnership will allow businesses integrating Flutterwave in…
Affirm Holdings, Toyota Motor And Others Are Making Moves In Pre-market
Affirm Holdings (AFRM) – Affirm soared 22.4% in the premarket as the “buy now, pay later” company’s revenue easily topped estimates.…
Nigeria: Apapa Customs Command Generates 87.8 Billion Naira In August
Apapa Comptroller, Malanta Yusuf, disclosed at a media briefing in Lagos, noted that the remarkable feat was the first in…