Nigeria: International VCs and family offices back Alerzo’s Series A
The process of digitizing the operations of mom and pop stores in Nigeria is serious business right now. In fact,…
Year: 2021
Nigeria: Fuel Price Remains Until FG, Labour End Negotiations
The Petroleum Products Pricing Regulatory Agency on Sunday said the Petroleum Industry Act had signaled the full deregulation of the…
Treasury Yields Start The Week Higher With Key Fed Policy Event In Focus
U.S. Treasury yields rose on Monday morning, with investors focusing on the Federal Reserve’s annual central banking event, due to…
IFC Provides Financing For Ghanaian Radiology Firm
International Finance Corporation is providing financing to support the construction of new medical diagnostic facilities in Ghana’s capital, Accra. A…
Nigeria: Capital Market Must Strengthened to Drive Production, Create Employment
The Director-General of the Securities and Exchange Commission (SEC), Mr. Lamido Yuguda has expressed the need for the capital market…
Nigeria: Experts seek revival of initial public offerings
Participants at the just-concluded 2021 National workshop of the Chartered Institute of Stockbrokers (CIS) have underscored the need to develop…
Nigeria: Shareholders Disagree With Securities and Exchange Commission (SEC) Over N170bn Unclaimed Dividend
Shareholders of quoted companies in the country have disagreed with Securities and Exchange Commission (SEC) on the use of the…
PayPal Launches Its Cryptocurrency Service In The UK
PayPal is launching its cryptocurrency service in the U.K. The U.S. online payments giant said Monday it would let British…
Nigeria: Oasis Capital Strikes Twin Investments In Ivory Coast
Oasis Capital Ghana, which invests in small and medium enterprises across Ghana and Cote d’Ivoire via Oasis Africa VC Fund,…
European Markets Climb, Looking To Bounce Back From Worst Week Since February
The pan-European Stoxx 600 added 0.7% in early trade, with autos climbing 1.5% to lead gains as all sectors and major bourses…
Nigeria: Honeywell, Transcorp Dominate Stock Market Activities
The financial services industry dominated, in volume terms, last week’s transactions at the equities sector of the Nigerian Exchange Limited…
Bitcoin Volatility Will Drive Investors Back To Gold, Says Mining Firm Chairman
Wild swings in cryptocurrencies will eventually drive bitcoin investors to return to gold, says the executive chairman of gold mining firm Evolution Mining. Jake…
T-Mobile Breach Hits 53 Million Customers As Probe Finds Wider Impact
T-Mobile US Inc (TMUS.O) said on Friday an ongoing investigation into a data breach revealed that hackers accessed personal information of an…
‘Twilight’ Investor Sentenced To Five Years Prison In Fraud Case
A technology entrepreneur who invested in the studio behind the “Twilight” films was sentenced to five years in prison on…
China’s SenseTime Says Daily Users Of Its Augmented Reality Tech Number 100 Mln
China’s SenseTime, which sells augmented reality technology to other companies, has seen global daily active users of that tech grow…
Nvidia’s $40 Bln Deal For ARM Dealt Blow By UK Regulator
Nvidia Corp’s (NVDA.O) planned $40 billion acquisition of British chip designer ARM hit a major hurdle on Friday after a UK regulator…
Fed Chair Powell To Speak On ‘Economic Outlook’ Next Week
Federal Reserve Chair Jerome Powell will speak on “the economic outlook” at next week’s Jackson Hole, Wyoming symposium, the central…
Microsoft Invests $5 Mln In SoftBank-Backed Oyo
Microsoft Corp (MSFT.O) has invested $5 million in SoftBank-backed Oyo, according to a regulatory filing, ahead of the Indian hotel chain’s plan…
Deere Lifts 2021 Forecast On Solid Demand For Farm, Construction Equipment
Deere & Co (DE.N) on Friday raised its full-year earnings forecast after quarterly profit topped Wall Street estimates on the back of…
EFCC Asks Banks To Report Fraudulent Election Financing, Forex Malpractices
Abdulrasheed Bawa, chairman of the Economic and Financial Crimes Commission (EFCC), has asked banks to collaborate with the agency in…
Customs Illegally Engaging Soldiers For Operations — Senator
Senator Francis Fadahunsi, has disclosed that officials of the Nigerian Customs Service, NCS, going out on field operations are accompanied…
30% Frontier Exploration Not From NNPC Profit… Energy Analyst Clarifies Five Misconceptions In PIA
The signing into law of the Petroleum Industry Bill (PIB) by President Muhammadu Buhari has continued to elicit different reactions from…
Digital Economy: MDAs Generate N1.054tr
The Federal Ministry of Communications and Digital Economy and its departments and agencies have collectively generated a total of N1.05…
Oil Steadies But Set To Slump For The Week On Delta Anxiety
Oil prices came off three-month lows on Friday but were on track for a weekly decline of around 6% as new…
‘Lack Of Converted Gas Vehicles Might Undermine NGEP’
Without an active conversion industry for vehicles and other machinery, the core mandate of the Nigerian Gas Expansion Programme (NGEP)…
Oil Up, But Set For Weekly Decline As COVID-19 Continues To Restrict Fuel Demand
Oil was up Friday morning in Asia, climbing up from three-month lows. However, the black liquid was set for a weekly…
Twitter Agrees To Seven Out Of Ten Demands – Nigerian Govt
The Federal Government says from the 10 demands put forward to lift Twitter suspension, the microblogging and social networking platform…
Nigeria: 20 Years On: Telcos Attain 297m Phone Lines, Fail On Financial Inclusion, Security
Despite opportunities the telecommunications revolutions have offered the country this 20 years, especially with 297 million telephone lines connected, insecurity…
US Dollar Surrenders Gains Despite FOMC Minutes Taper Talk
EUR/USD rebounds and USD/JPY pivots lower. This follows the release of FOMC minutes just now, which seems to have disappointed Fed hawks. The…
Canadian Dollar Slumps To 6-Month Low As Risk Aversion Climbs
The Canadian dollar fell on Thursday for a fourth day against its broadly stronger U.S. counterpart, as investors worried that…