Business Technology World Norway “Telenor” Partners With Amazon To Modernize Its Telecoms Systems January 20, 2022 akintunde Norway’s Telenor said on Thursday it had partnered with Amazon Web Services (AWS) to speed up the modernisation of its telecoms systems, boosting the use of cloud technology to offer…
Business Local Nigeria: FEC Approves N56.2 Billion For Road Construction January 20, 2022 akintunde The federal executive council (FEC) has approved contracts worth N56.2 billion for the construction of roads and a car park in the federal capital territory (FCT). Mohammed Bello, FCT minister,…
Banking Local Market Naira depreciates as banks shift BTA/PTA rates to N419 per dollar January 20, 2022 akintunde The value of the Nigerian naira depreciated by 1.5 percent as banks shifted personal travel allowance (PTA) and business travel allowance (BTA) rates from N413 to N419 per dollar. PTA…
Africa Local World Oracle Opens Data Centre In South Africa January 20, 2022 akintunde Oracle, a cloud infrastructure firm, says it has opened a data centre in South Africa — its first cloud region in Africa to meet the rapidly growing demand for enterprise…
Africa Business Local Market Nigerian Food-Tech Startup “Orda”Raises $1m In Pre Seed Round January 20, 2022 akintunde Orda, a Nigerian food-tech startup, says it has raised a pre-seed round capital of $1.1 million to expand its operations to South Africa and scale up financial products. The company,…
Business Local Nigeria: Tinubu, Alpha Beta Ex-MD Considers Out-Of-Court Settlement January 20, 2022 akintunde A former Managing Director of Alpha Beta Consulting, Dapo Apara, the All Progressives Congress leader, Bola Tinubu; and the current Managing Director of the company, Akin Doherty, have begun discussions…
Africa Business Local Market Trade World Oil Hit Highest Price Since 2014 January 20, 2022 akintunde Oil jumped to a seven-year high early on Tuesday, a day after Yemeni Houthis attacked targets in the United Arab Emirates (UAE) with drones. The attack and the the continued…
Local Nigeria: President Buhari to unveil CBN rice pyramids January 18, 2022 akintunde President Buhari will unveil one million pyramid-shaped sacks of rice paddy in Abuja today. The pyramids which are said to be Africa’s largest, are located on the premises of the…
Local Trade After eight months of decline, Nigeria’s inflation rate rises to 15.63% January 18, 2022 akintunde After eight months of decline, Nigeria’s headline inflation rate rose to 15.36% in December 2021, from 15.50% recorded in November. The Statistician-General of the Federation, Simon Harry, disclosed this on…
Banking Local Parallex transforms from microfinance to commercial bank January 18, 2022 akintunde Parallex Bank says it has officially transitioned from a microfinance institution to a commercial bank. The bank unveiled its new brand entity, over the weekend at its corporate head office…
insurance Local Insurance firms’ assets hit N2.09tn amidst recapitalisation suspension January 18, 2022 akintunde The insurance sector’s total assets have risen by N228.24bn in 15 months despite the suspension of the National Insurance Commission’s segmented recapitalisation exercise. The final phases of the Nigerian insurance…
Local NGX reopens bearish as losses in 22 stocks drag indices by N29bn January 18, 2022 akintunde Nigerian Exchange Limited NGX resumed trading for the week on a downturn yesterday, as losses in 22 stocks dragged market capitalisation by N29 billion. As measured by market breadth, market…
Business Technology World OpenSea Monthly Trading Volume Exceeds $3.5 Billion January 18, 2022 akintunde The world’s largest Non-Fungible token (NFT) marketplace, OpenSea, has seen its monthly trade volume in Ether (ETH) exceed $3.5 billion for the first time ever, with just two weeks left…
Business Technology World Ford Signs Five-Year Payments Deal With Stripe January 18, 2022 akintunde Online payment processor Stripe has signed up Ford Motor Company as a customer, in a five-year deal aimed at bolstering the automotive giant’s e-commerce strategy. Ford Motor Credit Company, the…
Business Technology World China Delivery “Starbucks” Partners With Meituan Tie-Up January 18, 2022 akintunde Starbucks said on Tuesday it has entered into a partnership with China’s Meituan that will allow its Chinese customers to order coffee delivery via the super-app’s platform. The move will…
Business World EU Spike Fines For Breaches Of EU Privacy Law January 18, 2022 akintunde Fines for violations of the European Union’s landmark privacy law have soared nearly sevenfold in the past year, according to new research. EU data protection authorities have handed out a…
Investing Technology World UK Self-Driving Startup Wayve Raises $200 Mln From Investors January 18, 2022 akintunde British self-driving technology startup Wayve said on Tuesday it has raised $200 million from investors to scale up its autonomous driving technology globally and launch more pilot projects with commercial…
Africa Local Technology World Twitter Expand Test Feature For Flagging Misleading Content To Brazil, Spain And Philippines January 18, 2022 akintunde Twitter Inc said on Monday it will expand its test feature which allows users to flag misleading content on its social media platform to Brazil, Spain and the Philippines. The…
Local Chinese E-Commerce Giant JD.Com Sets Challenge To Amazon With First ‘Robotic Shops’ In Europe January 17, 2022 akintunde Chinese e-commerce giant JD.com has opened two retail stores in the Netherlands that it says will be manned with robots preparing and delivering packages. JD.com said that shoppers can use…
Local FG records N307.49bn revenue shortfall in four months January 17, 2022 akintunde According to data obtained from CBN, the Federal Government recorded a revenue shortfall of N307.49bn from July to October last year. The report said out of the gross federation receipts…
Local Ronchess Global Resources Plc. Restructures Company Board January 17, 2022 akintunde Following a successful listing on the Nigerian Exchange on January 12, 2022, Ronchess Global Resources Plc notified the Nigerian Exchange, of the restructuring of its board. Ronchess Board of Directors…
Local AgDevCo sells commercial farm to Ghanaian agribusiness January 17, 2022 akintunde BFC is a 356 hectare irrigated commercial farm developed by AgDevCo from greenfield. The project was a proof of concept to attract investors to the Babator Irrigated Farming Hub, an…
Africa Banking Local Verdant holds first close for hybrid capital Fund January 17, 2022 akintunde Hybrid Fund initially has $36 million of committed capital Support for micro, small and medium-sized enterprises through investment in financial institutions Verdant Capital Hybrid Fund (VCHF) has reached its first…
Local FinDev makes commitment to Triple Jump-managed energy fund January 17, 2022 akintunde FinDev Canada and its 2X Canada facility have announced that it would be donating $13 million to the Energy Entrepreneurs Growth Fund to finance energy companies. The Energy Entrepreneurs Growth…
Local Opinion World ‘Obscene inequality’: Oxfam says taxing the world’s richest could help save lives January 17, 2022 akintunde According to a report titled “Inequality Kills” by new Oxfam, The pandemic has made the rich richer while the income of the rest of the world at about 99% of…
Africa Local Technology World Twitter Spaces To Allow Users Record Sessions January 17, 2022 akintunde Twitter Spaces, a feature that allows users to host or take part in live audio conversations on the platform, will now let all its hosts on Android and iOS record…
Business Market Trade World China Experienced 8.1% Economy Growth In 2021 January 17, 2022 akintunde China’s economy grew by 8.1% in 2021 as industrial production rose steadily through the end of the year and offset a drop off in retail sales, according to official data…
Market World European Markets Aim For Higher Open January 17, 2022 akintunde European stocks are expected to open higher on Monday as global markets digest the latest growth data out of China. The U.K.’s FTSE index is seen opening 22 points higher…
Local Take-Two To Buy Farmville Creator Zynga For $12.7 Bn January 14, 2022 akintunde Take-Two Video game publisher sets to acquire “Farmville” creator Zynga for $12.7 billion, in a major mobile gaming push by the maker of “Grand Theft Auto.” The deal comes as…
Crypto Local Macro and technical headwinds accrue for bitcoin January 14, 2022 akintunde A weak start to 2022 and a host of looming macro and technical headwinds are setting cryptocurrencies up for a rough ride in the weeks to come. The biggest of…
