Report: Nigeria’s Exports Trade To Hit $112bn By 2030 — Tops Volume For Africa
A new research by Standard Chartered Bank has projected that Nigeria’s export trade would hit $112 billion in 2030, topping…
Year: 2021
CBN Awards N5m Loans To Graduates Under New Scheme
The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, on Thursday, launched the Tertiary Institutions Entrepreneurship Scheme designed…
With 49% Foreign Ownership, Nigeria Air Starts Operations April 2022
The proposed national carrier will begin flight in April next year, the Minister of Aviation, Hadi Sirika, has said. The…
Shares Of Chinese Real Estate Developer Kaisa Pop 20% After Debt Restructuring Plan
Chinese real estate developer Kaisa announced Thursday plans for paying back investors, temporarily alleviating concerns about a default as China’s…
IEA Chief Criticizes ‘Artificial Tightness’ In Energy Markets, Says Some Failed To Help Cool Prices
The head of the world’s leading energy authority has said that some countries had failed to adopt a helpful position…
EFCC Traces Most Bank Frauds To One Set Of Bankers
The EFCC declared in Abuja on Wednesday that most frauds in the banking sector were perpetrated by insider Information, Communication…
Ijaw Group Demands $500,000 As FG Probes Bayelsa Oil Spill
The Ijaw Diaspora Council has asked Aiteo Exploration and Production Ltd to provide immediate, interim response funding of at least…
N5,000 Transport Grant For Vulnerable Nigerians To Last One Year
Minister of Finance, Budget and National Planning, Zainab Ahmed, yesterday shed more light on the proposed N5,000 monthly transportation…
Hilary Clinton Wants Biden Administration To Regulate Cryptocurrency
Former United States Democratic presidential candidate, Hillary Clinton has called on the Biden administration to regulate the cryptocurrency markets. She…
FG Suspends Aiteo’s Operation Over Oil Spill In Bayelsa
The federal government has directed Aiteo Eastern Exploration and Production Company (AEEPCO) to stop operation in affected oilfield spewing oil…
No Court Order Restraining Acquisition, Say Flour Mills, Honeywell
Flour Mills Nigeria Plc and Honeywell Flour Mills Plc have said the proposed acquisition of significant interest in HFMP by…
Nigeria’s OnePipe Raises $3.5M To Double Down On Its Embedded Finance Offering
Last year, fintech API infrastructure players came into the African tech scene, ushering in Plaid-like services to businesses and developers.…
Afterpay Unveils BNPL Subscription Offering For US Customers
“Buy now, pay later” company Afterpay announced Wednesday that it was going after the $1.5 trillion global subscription payments market by offering to its…
5G spectrum: NCC Extends Deadline For Submission Of Bids Over Flight Delays
The Nigerian Communications Commission (NCC) has extended the deadline for the submission of bids and initial bid deposits (IBDs) for…
10-Minute Grocery Delivery Start-Up Getir To Buy UK Rival Weezy As Buzzy Market Enters Consolidation
Turkish start-up Getir on Tuesday agreed to acquire British rival Weezy, in the latest sign of consolidation in the ultrafast…
Stripe Says It’s Open To Accepting Crypto For Payments, Three Years After Ending Bitcoin Support
Stripe isn’t ruling out accepting cryptocurrency as a method of payment in the future, according to co-founder John Collison. The…
Samsung Plans To Build A $17 Billion Chip Plant In Texas
Samsung is planning to build a $17 billion semiconductor factory in Taylor near Austin, Texas, over the next three years as…
Investor Warburg Cuts Ant Valuation By 15% To Below $200 Bln – Source
Warburg Pincus, a major global investor in Ant Group, has cut its valuation of the Chinese fintech company by 15%…
Ecobank Warns Prospective Buyer Of Honeywell Flour LTD Says Company Facing Winding Up Proceedings
Consequent upon media reports on the move by Flour Mills Nigeria PLC to acquire 71.69 percent of Honeywell Group Limited,…
Agricorp Invests N4bn In Poultry Production
Agricorp International, Nigeria’s agriculture producing, processing and export company, has invested N4bn into acquiring poultry production facilities across three states…
Dollar Shortage, Subsidy, Deficit Financing Threatening Nigeria’s Growth – W’Bank
The World Bank has said that economic growth in Nigeria is being threatened by certain macroeconomic challenges, including dollar shortage,…
CBN Disburses N41.2bn To Cut Wheat Imports
The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said the bank has disbursed N41.2bn under its intervention…
Apple Sues Israeli Spyware Maker NSO Group Over IPhone Attacks
Apple is suing Israeli spyware firm NSO Group and its parent company for allegedly targeting iPhone users with a hacking…
First Bank Too Big To Be Owned By One Person — CBN
The Central Bank of Nigeria (CBN) has said that it would be guided by the decision of the Securities and…
SEC Approves MTN Offer For Sale Of 575 Million Shares
MTN Nigeria Communications Plc has obtained the approval of the Securities and Exchange Commission for the offer for sale of…
India Announces Bill To Ban Cryptocurrencies
India’s government will introduce a bill to ban private cryptocurrencies and create a framework for a central bank-backed digital money,…
US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices
The US has said it is releasing 50 million barrels of oil from its reserves in an attempt to bring…
Stock Trading Volume Drops, Market Cap Stalls At N22.58tn
The market capitalisation of stocks listed on the Nigerian Exchange Limited remained unchanged at the end of trading on Tuesday…
BREAKING: CBN Retains Lending Rate At 11.5%
The Monetary Policy Committee of the Central Bank of Nigeria has left the Monetary Policy Rate unchanged at 11.5 per…
Railway: 24 Firms Jostle For E-Ticketing Contract
No fewer than 24 companies have bidded for the electronic ticketing solutions for the Lagos-Ibadan and the Warri-Itakpe train services. …