Business Technology World Even And One To Be Acquired By Walmart Backed Startup January 26, 2022 akintunde A financial technology start-up that Walmart created and backed said Wednesday it is acquiring two more companies as it aims to build an all-in-one app where consumers can manage their…
Business Technology World Baidu’s Electric Vehicle Arm Jidu Raises $400 Mln In New Funding Round January 26, 2022 akintunde Baidu’s electric vehicle (EV) arm Jidu Auto said on Wednesday that it had raised nearly $400 million from Baidu and Zhejiang Geely Holding Group in a fresh funding round. Jidu,…
Crypto World Ripples Buys Back It’s Series C Share January 26, 2022 akintunde Ripple’s CEO, Brad Garlinghouse took to Twitter to announce that his company has bought back its Series C shares which were sold to investors to raise funds in December 2019,…
Business Technology World SKC Consortium Invests $80 Million In UK Anode Startup Nexeon January 26, 2022 akintunde A consortium including South Korean chemical company SK Co Ltd has invested $80 million in British battery materials startup Nexeon to ramp up production of its silicon anodes to meet…
Technology World Toshiba Begins Partial Production In Quake Hit Plant January 26, 2022 akintunde Toshiba Corp on Wednesday said it had partially restarted production at a semiconductor plant in Oita, southern Japan, that was halted after a strong earthquake hit the area at the…
Business Investing Market World Mixed Trade In Asia Stocks January 26, 2022 akintunde Asia markets traded mixed on Wednesday, after U.S. equities tumbled overnight in another volatile session as investors await the Fed meeting statement later stateside. Oil and gold prices also jumped…
Business Technology World Swedish “Buy Now Pay Later” Fintech Firm To Launch Physical Card January 26, 2022 akintunde Swedish fintech firm Klarna is embedding its “buy now, pay later” service into a physical card in the U.K. The company on Wednesday announced the launch of Klarna Card. A…
Business Technology World LG Q4 Profit Drops By 30 Per Cent January 26, 2022 akintunde South Korea’s LG Display Co Ltd posted on Wednesday a 30% drop in quarterly operating profit on the year, hit by a steep decline in TV panel prices that offset…
Africa Business Local African Airlines’ Passenger Traffic Has Fallen By 65% Due To Omicron- IATA January 26, 2022 akintunde The International Air Transport Association says African airlines’ passenger traffic has fallen by 65% due to the increasing impact of the Omicron variant of Covid-19. A new report by IATA,…
Local Technology Three U.S. states, D.C. sue Google over location-tracking January 25, 2022 akintunde Texas, Indiana, Washington State sued Google on Monday over deceptive location-tracking practices that invade users’ privacy. Google spokesperson Jose Castaneda said the attorneys are bringing a case based on outdated…
Business Local Value Of PoS Transactions Hits N18.10trn In Five Years January 25, 2022 akintunde The value of transactions through Point of Sale (PoS) terminals in the country rose to N18.10trillion between 2017 and 2021Breakdown of the data shows that transactions through PoS terminals, which…
Local NITDA to initiate code of conduct for social media activities in Nigeria January 25, 2022 akintunde National Information Technology Development Agency said it is developing a code of conduct for social media activities in Nigeria. This was made known by the DG Mr Kashifu Inuwa, during…
Local Nigeria: FG to convert 200,000 vehicles January 25, 2022 akintunde The Federal Government on Monday met with oil marketers in the downstream sector for the conversion of 200,000 commercial vehicles to run on gas this year. The meeting was convened…
Local Technology Tencent fires 70 people and blacklists 13 firms in anti-fraud campaign January 25, 2022 akintunde Chinese internet giant Tencent fired 70 people and blacklisted 13 firms last year as part of an anti-graft campaign. Tencent will no longer work with the blacklisted companies and a…
Local Australian inflation surges in Q4, market bays for rate hikes January 25, 2022 akintunde Australia’s core inflation flew to its fastest annual pace since 2014 in the December quarter as fuel and housing costs led to broad-based price pressures Data from the Australian Bureau…
Business Local Market Nigeria: Truck Owners Threaten To Sue NPA Over ‘Extortion’ January 25, 2022 akintunde Truck owners under the aegis of the Council of Maritime Transport Unions and Associations (COMTUA) have threatened to sue the acting managing director, Nigerian Ports Authority (NPA), Mohammed Bello-Koko, over…
Business Local Market Nigeria Record N74.51bn Oil Revenue Lost In December January 25, 2022 akintunde A new monthly report of the Organization of the Petroleum Exporting Countries has shown a plunge in Nigeria’s crude oil production in December 2021, triggering a loss of about N74.51bn…
Africa Investing Real Estate Ethos And BluePeak Co-invest In Grit Real Estate Group January 25, 2022 akintunde Ethos Mezzanine Partners and BluePeak Private Capital Fund have co-invested $31.5m in Grit Real Estate Income Group (Grit), a Pan–African real estate business headquartered in Mauritius. The investment enables Grit…
Africa Business Technology Boulben Withdraws From Race To Head French Telecom Firm January 25, 2022 akintunde Verizon Chief Revenue Officer Frank Boulben has written to the board of Orange withdrawing from the race to head the French telecom firm, Le Figaro reported on Saturday. Sources told…
Business Market World Stock Market Bearish Bet Boost Short Sellers Profit January 25, 2022 akintunde Short sellers are reaping huge profits this year, as the stock market’s brutal bloodbath fuel their bearish bets. The short-selling cohort has gained $114 billion in January mark-to-market profits as…
Africa Local Poa Internet wraps up Africa50-led equity financing round January 25, 2022 akintunde In 2020, Africa50, an infrastructure financier backed by the Africa Development Bank (AfDB) Group and a good number of African governments, hosted an innovation challenge that sought affordable and reliable…
Banking Local Market Nigeria’s Recorded $55.5bn Forex Inflow In Seven Months January 25, 2022 akintunde The country recorded a foreign exchange inflow of $55.5bn in seven months, data obtained from the Central Bank of Nigeria have shown. The rise in forex inflow was attributed to…
Technology World Crypto Market Loses $356bn In 24 Hours — And $1 Trillion In Two Months January 25, 2022 akintunde The value of the cryptocurrency market stood at $1.61 trillion on Saturday, representing 11.8 percent decline over the last day, according to data on CoinMarketCap. The price crash culminated in…
Banking Business World Tesla Countersue Bank For Seeking Windfall January 25, 2022 akintunde Tesla Inc on Monday fought back against JPMorgan Chase & Co over a disputed bond contract, countersuing the bank for seeking a “windfall” following Elon Musk’s notorious 2018 tweet that…
Banking Business Local Afreximbank Pan-African Payment And Settlement System (PAPSS) Explained January 24, 2022 akintunde On the 28th of September, 2021, the Afreximbank in conjunction with the African Continental Free Trade Area (AfCFTA) secretariat officially made the Pan-African Payment and Settlement System (PAPSS) available to…
Business Local Market Dangote Refinery And Fertiliser Projects To Kick Off Before September January 24, 2022 akintunde Alhaji Aliko Dangote, President of Dangote Group, says the Dangote Refinery and Fertiliser projects will come on stream before the end of third quarter of this year. He said this…
Business Investing Technology World Non Fungible Token Marketplace “OpenSea” Lose Coin To Hackers January 24, 2022 akintunde The world’s largest Non Fungible Token marketplace, OpenSea, has reportedly lost 332 Etherium to hackers on Monday. This amounts to $2,350 per Ether and $780,000, based on the current market…
Business Local Market Nigerian Breweries List Additional Shares January 24, 2022 akintunde Additional 78,929,849 ordinary shares of 50 kobo each of Nigerian Breweries Plc (Nigerian Breweries or the Company) were today, Monday, 24 January 2022, listed on the Daily Official List of…
Africa Business Investing Local Adiwale takes minority stake in West Africa drilling services company January 24, 2022 akintunde Adiwale Partners, a private equity firm focused on Francophone West Africa, picked up a minority stake in Maintenance Climatisation Technique in its maiden deal. Adiwale Fund I’s investment will accelerate…
Business Technology World Toshiba Halts Operations At Chip Plant After Quake January 24, 2022 akintunde Toshiba Corp said on Monday that it had suspended operations at a plant in Oita, southern Japan that makes semiconductors used in cars and industrial machinery, after a strong earthquake…
