India, Netherlands, Spain Emerge Top Export Destinations for Nigeria’s Crude Oil
India, Netherlands and Spain have now filled the vacuum left by the United States as top buyers of Nigeria’s crude…
Year: 2021
Nigeria: Oil And Gas Free Trade Zone Attracts $16.6bn Foreign Investments In 20 Years
The Oil and Gas Free Trade Zones Authority has attracted the sum of $16.6bn foreign direct investment into the economy…
How Amazon’s Cloud Business Generates Billions In Profit
Every year since at least 2014, more than half of Amazon’s operating profit has come from the online retailer’s cloud…
Apple’s Strategy To Fight Off Antitrust Regulators: Fix The App Store One Rule At a Time
In the past few weeks, Apple has madeseveral changes to its App Store rules, allowing a larger number of companies…
Nigeria: Fintech Group Raises N2.2bn Series 1 Note
CapitalSage Technology Limited a Fin Tech company has raised a N2.2bn series 1 Private Company Notes issue, under its N10bn…
PawaPay Raises $9M seed Backed By MSA, 88mph And Mr Eazi’s Zagadat Capital
The capital will be deployed to scale pawaPay’s operational presence, find more talent to join the team, and expand into…
Stock Market Sheds N117bn As Investors Take Profits
The equities listed on the Nigerian Exchange Limited shed N117.03bn last week, with analysts attributing the market downturn to profit-taking…
Pearl Capital And FCA Back Organic Agribusiness
Yield Uganda Investment Fund, an agribusiness impact vehicle managed by Pearl Capital Partners, and FCA Investments have committed €1.3 million…
Nigeria: Dangote Refinery To Increase Workforce To 57,000 employees
The Founder, Dangote Industries Limited, Alhaji Aliko Dangote has said the construction of the Dangote Petroleum Refinery is a result…
Agricorp Raises Mix Of Equity And Working Capital Financing
Agricorp International, Nigerian based spices producing, processing, and exporting company has raised $17.5 millionin Series A funding to increase its processing…
Amethis Sells Its 22% Stake In Sodigaz APC to African Infrastructure Investment Managers
Amethis is pleased to announce the sale of its minority stake in Sodigaz APC to African Infrastructure Investment Managers (AIIM).…
Warren Buffett-Backed Electric Carmaker BYD Sees August Sales Surge More Than 300%
BYD sold 61,409 new energy vehicles in August, more than four times the amount sold a year ago, as demand…
LASEPA shuts Ikorodu Steel Manufacturing Firms
The Lagos State Environmental Protection Agency has issued issued a ‘stop-work’ order to two steel and iron manufacturing companies in…
Estate Firm Increases Access To Short-Let Apartments In Lagos
In line with its ambitions to increase access to short let rentals, Shortlethomes, a leading real estate firm, has launched…
Stakeholders Laud NBC Over Waste Management Initiatives
Stakeholders in Nigeria’s manufacturing and waste management sectors have commended the Nigerian Bottling Company Limited for its initiatives geared towards…
European Markets Head For Mixed Open After U.S. Jobs Miss
European stocks are expected to open in mixed territory on Monday as investors digest jobs data from the U.S. Friday…
SPACs Offer Hope For Reviving Singapore’s Flagging IPO Market
Singapore’s stock exchange this month launched new rules allowing SPACs to list, a move it hopes will draw more firms…
Payrolls And The Stock Market: Wall Street Usually Shrugs Off Jobs Report
Markets always look to the Labor Department’s monthly employment report with great anticipation. But whether the data disappoints or surprises…
Didi Denies Reports That Beijing City Is Coordinating Companies To Invest In It
China’s ride-hailing giant Didi Global Inc (DIDI.N) said on Saturday that media reports that the Beijing city government is coordinating companies…
Wall St Week Ahead Investors Grow Wary As Stocks Hit New Highs
Investors are girding their portfolios for potential stock market volatility, even as equities hover near fresh highs after logging seven…
Italy Says Bids For National Cloud Hub Expected This Month
Italy expects to receive bids by the end of September from companies interested in building a national cloud hub, a…
After Criticism, Apple Says It Will Delay Child Safety Updates
Apple Inc (AAPL.O) said on Friday it would take more time to collect feedback and improve proposed child safety features after the…
Flipkart Co-Founder Challenges Indian Enforcement Agency Probe
The future looked promising for Tinashe Mapuranga, an intern at a leading bank in Zimbabwe who appeared set to get…
Loud And Proud: Shake Shack’s Recipe For An Inclusive Workplace
If there is a key mantra for companies right now, it has to be “diversity and inclusion.” With issues of…
Exclusive Amazon To Proactively Remove More Content That Violates Rules From Cloud Service -Sources
Amazon.com Inc (AMZN.O) plans to take a more proactive approach to determine what types of content violate its cloud service policies, such…
Tech Giants Seek Meeting With New Malaysian PM On Foreign Ship Cable Waiver
Facebook, Google, Microsoft and Amazon are seeking to meet Malaysia’s prime minister to ask that foreign vessels be allowed to…
China Set To Sell 1.7 Million NEVs Between Jan-Aug, Nearly Tripling On-Year
China, the world’s biggest vehicle market, is expected to sell 1.7 million new energy vehicles (NEV) in the first eight…
Victim Of Tesla Crash In Texas Had Alcohol Level Exceeding Legal Limit
One of the two victims of a fatal crash involving a Tesla car in Texas had a blood-alcohol level that…
UK Food Supplies Set To Worsen As More Brexit Red Tape Is Introduced Within Weeks, Businesses Warn
Business owners fear food safety checks set to be introduced from 1 October will make some shipments unviable, but government…
Stocks End Week On a Downbeat Note After disappointing Jobs Report — Five Experts On What’s Next
Stocks looked to enter the long weekend on a dour note after a disappointing August jobs report. Nonfarm payrolls rose…