International FC Mulls Participation In Brimore’s Upcoming Series A Round
Egypt-based ecommerce startup, Brimore, is preparing to raise more funding to strengthen its business in Egypt after receiving a $3.5…
Year: 2021
International Investors Lead F Intech Startup Moove’s Series A
Moove, Nigerian based mobility fintech startup raises $23m Series A funding to help it expand swiftly. Founded in 2019 by…
Old Mutual’s ULIMI Fund Invests In Malawian Macadamia Producer
ULIMI Fund, a private equity fund managed by Old Mutual Investment Group Malawi, has made an undisclosed amount of investment in…
Investment In Data Centre To Hit $174bn By 2023 — Schneider Electric
Schneider Electric, weekend, disclosed that investment in the data centre would hit $174 billion by 2023 following increasing demand. The…
81% Of Women Entrepreneurs In Middle East, Africa Own Digital Businesses
Despite the gender gap and social challenges, entrepreneurial women across the world and in the Middle East and Africa (MEA)…
Investors Chart Roadmaps For Federal Government Of Nigeria To Improve Non-Oil Sector’s Revenue Drive
LAGOS – Investors in the nation’s economy have called on the Federal Government to consider reform for key non-oil sectors of…
Nigeria Recorded $85.21bn Net Foreign Liabilities – IMF
Nigeria’s foreign liabilities stood at $187.36bn while the country’s foreign assets amounted to $102.15bn as of December 2020, the International…
Conglomerate Income Taxes Rise By 273 Per Cent Year-On-Year
Company income tax (CIT) realised in the second quarter (Q2) stood at N1.46 billion, up from N0.39 billion realised the…
Securities Dealers To Discuss Market Recovery Strategies
Securities dealers in Nigeria have concluded arrangements to review strategies to reactivate the nation’s economic growth and development at a forum…
Stock Market Investors Gain N371bn In One Week
THE equities listed on the Nigerian Exchange Limited saw its their market capitalisation rise by N370.75bn last week amid bullish…
Dollar Holds Firm Near 4-Month High, Retains Weekly Gains On Fed Bets
The dollar held firm on Friday, staying near its highest level in four months against a basket of currencies as…
APMDC Counters Shippers’ Council Over Claims Of Arbitrary Charges
The Associated Port Marine Development Company has denied allegations of arbitrary charges and charging in foreign currency levelled against it…
Thai Baht Gains Among Muted Asian Currencies; S.Korea’s Won Slips
Thailand’s baht edged up among mostly muted Asian currencies on Friday, after a short-lived retreat in the dollar this week…
Crypto Platform Poly Network Rewards Hacker With $500,000 ‘Bug Bounty’
Poly Network, the cryptocurrency platform which lost $610 million in a hack earlier this week, confirmed on Friday it had…
U.S. House Members Introduce Bill Targeting Apple And Google App Stores
A Republican and a Democratic member of the U.S. House of Representatives introduced a bill aimed at reining in powerful…
Port, Shipping Firms Divert Vessels After A Ningbo Terminal Shuts
Ports and shipping companies are diverting vessels from a container terminal in China’s busiest marine transportation hub which was forced…
Tesla’s Musk Hopes To Make First Cars At Berlin Plant In Oct
Tesla (TSLA.O) hopes to make the first cars at its “Gigafactory” in Gruenheide, near Berlin, in October or soon afterwards, Chief…
U.S. Consumer Sentiment Plummets In Early August To Decade Low
U.S. consumer sentiment dropped sharply in early August to its lowest level in a decade, in a worrying sign for…
Virgin Galactic Falls As Billionaire Branson Sells Stake Worth $300 Million
Shares of Virgin Galactic Holdings Inc (SPCE.N) fell nearly 3% on Friday after its founder and British billionaire Richard Branson sold a…
Peloton Is Sued For Improperly Charging Sales Tax
Peloton Interactive Inc (PTON.O) subscribers have filed a proposed class action lawsuit accusing the maker of at-home stationary bicycles of improperly charging…
Strong Disney Earnings Push S&P 500, Dow To New Peaks
The Dow and the S&P 500 opened at record highs on Friday, boosted by Walt Disney and tech-related shares, while…
Banks Take Steps To Reduce Potential Cloud Computing Risks, Google Survey
Banks are taking steps to mitigate risks from their increasing use of external cloud computing services, a survey by Harris…
Analysis: As Fed Shifts Gears, Shaping Consensus Gets Trickier For Powell
In his nearly six years on the Federal Reserve’s board of governors before becoming its chair, Jerome Powell never once…
Italy Gets 25 Billion Euros In First Tranche Of EU Virus Recovery Fund
Italy on Friday received 24.9 billion euros ($29.3 billion), its first tranche of money from the 800 billion euro EU…
Markets No Longer Fear Inflation And Stocks Will Continue To Rally, HSBC says
Markets no longer fear inflation and are now focused on the spread of the delta Covid-19 variant, according to HSBC…
FinTech Raises N11.5bn Series ‘A’ Funding To Address Vehicle Financing Gap In Africa
Moove, an African mobility fintech, has raised $23 million Series ‘A’ funding, led by Speedinvest and Left Lane Capital, with…
Instagram Unveils New Tools To Reduce Abuse, Racist Comments
Instagram on Wednesday announced new measures to curb abusive and racist content on the image-centric social network, following an onslaught…
Computer Security Firm Norton Buys Avast For Over $8bn
US cybersecurity giant NortonLifeLock is to buy Czech rival Avast for over $8 billion to create a leading consumer business,…
Experts Weigh Costs As Federal Government Plans To Unban Twitter
The Federal Government has hinted at a possible resolution to the suspension of micro-blogging platform, Twitter in Nigeria. Minister of…
Pension Assets To Hit N20trn In 2023 –Agusto & Co
The Nigerian pension industry’s net assets will hit the N20 trillion mark by 2023, recording an average growth rate of 18…