Germany Doesn’t Rule Out Closing Telegram – Interior Minister
Germany could shut down Telegram if the messenger service popular with far-right groups and people opposed to pandemic-related restrictions continues…
Month: January 2022
Nigeria President Cancels Restoration Of INTELS’ Pilotage Contract
INTELS Nigeria Limited set to retain its service boat contract in the pilotage district of Lagos, Warri, Bonny, PortHarcourt and…
UBA’s Leo clocks 4, set to further transform digital banking in Nigeria, Africa
Africa’s global bank, United Bank for Africa has said that it has concluded plans to commemorate the 4th year anniversary…
Hong Kong’s Hang Seng jumps 2% as tech stocks rally; China’s December inflation slows
Chinese markets rose on Wednesday, tracking gains in other Asia-Pacific markets. U.S. markets also rallied overnight as comments from the…
Globacom Lifts Nigeria’s Mobile Subscribers To 140 Million — Highest In Six Months
The Nigerian Communications Commission (NCC) says the country’s internet subscribers rose to 140.41 million in November 2021. The commission said…
Higher Oil Prices’ll Drive Nigeria’s Economy By 2.5% In 2022 – World Bank
The World Bank has projected a 2.5 % economic growth for Nigeria in 2022, and 2.8% by 2023 as the…
S.Korea Authorises Novavax COVID-19 Vaccine, Imports Pfizer Pills
South Korea is turning to additional pharmaceutical tools as it looks to pre-empt a surge of COVID-19 omicron infections, authorising…
Bolt Now Valued Above $8bn After Raising $712m To Expand Product Lines
Bolt, a ride-hailing company, says it has raised $712 million (€628 million) to expand its transportation and food delivery super…
Nigeria: NBET Pays GENCOs 50% Of Invoice On Power Supply
Power generation companies (GenCos) were paid just half of their total invoice to the Nigerian Bulk Electricity Trading Plc (NBET)…
Venture Capital Firm Kleiner Perkins Raises $1.8 Bln Via Two New Funds
Venture capital firm Kleiner Perkins said on Tuesday it had raised $1.8 billion through two new funds, as it aims…
French Refurbished Smartphone Seller Back Market Valued At $5.7 Bln
Back Market, the French marketplace dedicated to refurbished smartphones and electronic devices, said on Tuesday it had closed an investment…
Israeli Security Startup Pentera Raises $150 Mln In Funding Round, Eyes IPO
Israeli cybersecurity firm Pentera has raised $150 million in its latest funding round, taking the company’s value to $1 billion,…
Tech Startup Raises $1.7m For Expansion
Bfree, a credit management fintech, has raised $1.7m in a pre-Series A round to embark on expansion in emerging markets.…
Oil Market: Bonny Light Price Hits $81.81 Per Barrel
The price of Bonny Light, Nigeria’s premium oil grade, has risen to $81.81 per barrel in the global market, as…
Standard Chartered To Shut Half Of Nigeria Branches
Standard Chartered Plc is closing about half its Nigerian branches in a pivot to digital banking, according to people familiar…
Foxconn India iPhone plans to reopen on Wednesday -legislator
Apple Inc supplier Foxconn will reopen an iPhone manufacturing facility in southern India on Wednesday. Foxconn said it employed about…
Nigeria’s Diaspora Remittances May Beat World Bank’s Projection, Rise 10% To $14.2bn
Nigeria’s diaspora remittances inflow is set to beat the World Bank’s projection for 2021, as it rose to $14.2 billion…
Gains In BUA Foods, 27 Stocks Lift Capitalisation Further By N28 Billion
Transactions on the equities sector of the Nigerian Exchange (NGX) market capitalisation increased by N28 billion yesterday, amid sustained bargain…
Gmail Hits 10 Billion Installs On Android, Becomes Fourth To Surpass Milestone
Total number of Gmail app installations has surpassed 10 billion on android, emerging the fourth app on Google play store…
Expert: CBN Policies Can’t Rescue Naira
The naira-dollar exchange rate gap widened from N80.67 per dollar at the beginning of 2021 to N152.83 per dollar in…
Israel’s One Zero Digital Bank Gains Full Licence
One Zero Digital Bank has received final regulatory approval for a full banking licence, the Bank of Israel said on…
Fed Govt Lists New Savings Bonds On NGX
The Federal Government at the weekend listed its latest monthly issuances of savings bonds on the Nigerian Exchange (NGX), paving…
FG Loses N1.474tn To 222 Terminal Shutdowns In 10 Months
Nigeria’s crude oil earnings were depleted by about N1.474tn between January and October 2021 due to various concerns at terminals…
Nigeria: NANS Rejects N10 Per Litre Tax On Soft Drinks
The National Association of Nigerian Students in the South-West zone has condemned the Federal Government’s plan to introduce N10 per…
Political Selection Of Discos By Jonathan Administration Cause Of Sector Failure – Nigeria President
President Buhari has berated the GEJ administration for the non-credible selection process of distribution companies. Pres Buhari attributed the current…
EU plans law requiring tech firms to do more to combat child abuse
The European Union plans to pass a law requiring technology companies to do more to tackle child sexual abuse. EU…
Testing Firms To Lose Revenues As U.K. Abolishes Pre-Arrival Covid Tests
The United Kingdom has abolished the requirement for a negative PCR result to enter the country dealing a blow to…
Nigeria: Debt Servicing Gulps 76% Of Revenue, Experts, Buhari Disagree On Borrowings
The Federal Government on Wednesday disclosed that it spent N4.2tn on debt servicing between January and November 2021. This sum…
Dangote, Adenuga, Rabiu Pocket N2.35tn In 2021
Nigeria’s three richest men, Aliko Dangote, Mike Adenuga, and Abdulsamad Rabiu saw their combined wealth jump by 33.9 percent to…
Facebook parent’s head of communications leaves company
The head of communications at Facebook parent Meta Platforms Inc (FB.O), John Pinette, is leaving the company, the social media…