Norway “Telenor” Partners With Amazon To Modernize Its Telecoms Systems
Norway’s Telenor said on Thursday it had partnered with Amazon Web Services (AWS) to speed up the modernisation of its…
Month: January 2022
Nigeria: FEC Approves N56.2 Billion For Road Construction
The federal executive council (FEC) has approved contracts worth N56.2 billion for the construction of roads and a car park…
Naira depreciates as banks shift BTA/PTA rates to N419 per dollar
The value of the Nigerian naira depreciated by 1.5 percent as banks shifted personal travel allowance (PTA) and business travel…
Oracle Opens Data Centre In South Africa
Oracle, a cloud infrastructure firm, says it has opened a data centre in South Africa — its first cloud region…
Nigerian Food-Tech Startup “Orda”Raises $1m In Pre Seed Round
Orda, a Nigerian food-tech startup, says it has raised a pre-seed round capital of $1.1 million to expand its operations…
Nigeria: Tinubu, Alpha Beta Ex-MD Considers Out-Of-Court Settlement
A former Managing Director of Alpha Beta Consulting, Dapo Apara, the All Progressives Congress leader, Bola Tinubu; and the current…
Nigeria: President Buhari to unveil CBN rice pyramids
President Buhari will unveil one million pyramid-shaped sacks of rice paddy in Abuja today. The pyramids which are said to…
After eight months of decline, Nigeria’s inflation rate rises to 15.63%
After eight months of decline, Nigeria’s headline inflation rate rose to 15.36% in December 2021, from 15.50% recorded in November.…
Parallex transforms from microfinance to commercial bank
Parallex Bank says it has officially transitioned from a microfinance institution to a commercial bank. The bank unveiled its new…
Insurance firms’ assets hit N2.09tn amidst recapitalisation suspension
The insurance sector’s total assets have risen by N228.24bn in 15 months despite the suspension of the National Insurance Commission’s…
NGX reopens bearish as losses in 22 stocks drag indices by N29bn
Nigerian Exchange Limited NGX resumed trading for the week on a downturn yesterday, as losses in 22 stocks dragged market…
OpenSea Monthly Trading Volume Exceeds $3.5 Billion
The world’s largest Non-Fungible token (NFT) marketplace, OpenSea, has seen its monthly trade volume in Ether (ETH) exceed $3.5 billion…
Ford Signs Five-Year Payments Deal With Stripe
Online payment processor Stripe has signed up Ford Motor Company as a customer, in a five-year deal aimed at bolstering…
China Delivery “Starbucks” Partners With Meituan Tie-Up
Starbucks said on Tuesday it has entered into a partnership with China’s Meituan that will allow its Chinese customers to…
EU Spike Fines For Breaches Of EU Privacy Law
Fines for violations of the European Union’s landmark privacy law have soared nearly sevenfold in the past year, according to…
UK Self-Driving Startup Wayve Raises $200 Mln From Investors
British self-driving technology startup Wayve said on Tuesday it has raised $200 million from investors to scale up its autonomous…
Twitter Expand Test Feature For Flagging Misleading Content To Brazil, Spain And Philippines
Twitter Inc said on Monday it will expand its test feature which allows users to flag misleading content on its…
Chinese E-Commerce Giant JD.Com Sets Challenge To Amazon With First ‘Robotic Shops’ In Europe
Chinese e-commerce giant JD.com has opened two retail stores in the Netherlands that it says will be manned with robots…
FG records N307.49bn revenue shortfall in four months
According to data obtained from CBN, the Federal Government recorded a revenue shortfall of N307.49bn from July to October last…
Ronchess Global Resources Plc. Restructures Company Board
Following a successful listing on the Nigerian Exchange on January 12, 2022, Ronchess Global Resources Plc notified the Nigerian Exchange,…
AgDevCo sells commercial farm to Ghanaian agribusiness
BFC is a 356 hectare irrigated commercial farm developed by AgDevCo from greenfield. The project was a proof of concept…
Verdant holds first close for hybrid capital Fund
Hybrid Fund initially has $36 million of committed capital Support for micro, small and medium-sized enterprises through investment in financial…
FinDev makes commitment to Triple Jump-managed energy fund
FinDev Canada and its 2X Canada facility have announced that it would be donating $13 million to the Energy Entrepreneurs…
‘Obscene inequality’: Oxfam says taxing the world’s richest could help save lives
According to a report titled “Inequality Kills” by new Oxfam, The pandemic has made the rich richer while the income…
Twitter Spaces To Allow Users Record Sessions
Twitter Spaces, a feature that allows users to host or take part in live audio conversations on the platform, will…
China Experienced 8.1% Economy Growth In 2021
China’s economy grew by 8.1% in 2021 as industrial production rose steadily through the end of the year and offset…
European Markets Aim For Higher Open
European stocks are expected to open higher on Monday as global markets digest the latest growth data out of China.…
Take-Two To Buy Farmville Creator Zynga For $12.7 Bn
Take-Two Video game publisher sets to acquire “Farmville” creator Zynga for $12.7 billion, in a major mobile gaming push by…
Macro and technical headwinds accrue for bitcoin
A weak start to 2022 and a host of looming macro and technical headwinds are setting cryptocurrencies up for a…