Technology World Germany Doesn’t Rule Out Closing Telegram – Interior Minister January 12, 2022 akintunde Germany could shut down Telegram if the messenger service popular with far-right groups and people opposed to pandemic-related restrictions continues to violate German law, Interior Minister Nancy Faeser said in…
Local Nigeria President Cancels Restoration Of INTELS’ Pilotage Contract January 12, 2022 akintunde INTELS Nigeria Limited set to retain its service boat contract in the pilotage district of Lagos, Warri, Bonny, PortHarcourt and Calabar. The pilotage contract which expired on August 2020, met…
Local UBA’s Leo clocks 4, set to further transform digital banking in Nigeria, Africa January 12, 2022 akintunde Africa’s global bank, United Bank for Africa has said that it has concluded plans to commemorate the 4th year anniversary of its flagship artificial intelligence Chabot, with new offerings set…
Business World Hong Kong’s Hang Seng jumps 2% as tech stocks rally; China’s December inflation slows January 12, 2022 akintunde Chinese markets rose on Wednesday, tracking gains in other Asia-Pacific markets. U.S. markets also rallied overnight as comments from the Fed chief appeared to reassure investors. Hong Kong’s Hang Seng…
Business Local Globacom Lifts Nigeria’s Mobile Subscribers To 140 Million — Highest In Six Months January 12, 2022 akintunde The Nigerian Communications Commission (NCC) says the country’s internet subscribers rose to 140.41 million in November 2021. The commission said this in a recent update of industry statistics posted on…
Local Higher Oil Prices’ll Drive Nigeria’s Economy By 2.5% In 2022 – World Bank January 12, 2022 akintunde The World Bank has projected a 2.5 % economic growth for Nigeria in 2022, and 2.8% by 2023 as the price of oil skyrocket According to World Bank, the forecast…
Business Health World S.Korea Authorises Novavax COVID-19 Vaccine, Imports Pfizer Pills January 12, 2022 akintunde South Korea is turning to additional pharmaceutical tools as it looks to pre-empt a surge of COVID-19 omicron infections, authorising the use of Novavax Inc’s vaccine on Wednesdayand preparing to…
Business Local Market World Bolt Now Valued Above $8bn After Raising $712m To Expand Product Lines January 12, 2022 akintunde Bolt, a ride-hailing company, says it has raised $712 million (€628 million) to expand its transportation and food delivery super app. Sequoia Capital and Fidelity Management and Research Company participated…
Local Nigeria: NBET Pays GENCOs 50% Of Invoice On Power Supply January 12, 2022 akintunde Power generation companies (GenCos) were paid just half of their total invoice to the Nigerian Bulk Electricity Trading Plc (NBET) for power supplied to the National Grid in the first…
Technology World Venture Capital Firm Kleiner Perkins Raises $1.8 Bln Via Two New Funds January 11, 2022 akintunde Venture capital firm Kleiner Perkins said on Tuesday it had raised $1.8 billion through two new funds, as it aims to expand into sectors such as fintech and consumer after…
Market Technology World French Refurbished Smartphone Seller Back Market Valued At $5.7 Bln January 11, 2022 akintunde Back Market, the French marketplace dedicated to refurbished smartphones and electronic devices, said on Tuesday it had closed an investment round of $510 million, bringing its total valuation to $5.7…
Business Technology World Israeli Security Startup Pentera Raises $150 Mln In Funding Round, Eyes IPO January 11, 2022 akintunde Israeli cybersecurity firm Pentera has raised $150 million in its latest funding round, taking the company’s value to $1 billion, the company told Reuters, adding it was eyeing an initial…
Africa Local Tech Startup Raises $1.7m For Expansion January 11, 2022 akintunde Bfree, a credit management fintech, has raised $1.7m in a pre-Series A round to embark on expansion in emerging markets. The company said it had so far raised $2.5m, having…
Business Local Trade Oil Market: Bonny Light Price Hits $81.81 Per Barrel January 11, 2022 akintunde The price of Bonny Light, Nigeria’s premium oil grade, has risen to $81.81 per barrel in the global market, as the Organisation of Petroleum Exporting Countries, OPEC, moves to achieve…
Africa Banking Business Local Standard Chartered To Shut Half Of Nigeria Branches January 11, 2022 akintunde Standard Chartered Plc is closing about half its Nigerian branches in a pivot to digital banking, according to people familiar with the matter, as the finance industry comes under pressure…
Local Foxconn India iPhone plans to reopen on Wednesday -legislator January 11, 2022 akintunde Apple Inc supplier Foxconn will reopen an iPhone manufacturing facility in southern India on Wednesday. Foxconn said it employed about 17,000 people but was closed in Dec18 when workers fell…
Local Nigeria’s Diaspora Remittances May Beat World Bank’s Projection, Rise 10% To $14.2bn January 11, 2022 akintunde Nigeria’s diaspora remittances inflow is set to beat the World Bank’s projection for 2021, as it rose to $14.2 billion in September 2021 Up to10 per cent Year-on-Year, YoY, from…
Business Investing Local Market Gains In BUA Foods, 27 Stocks Lift Capitalisation Further By N28 Billion January 11, 2022 akintunde Transactions on the equities sector of the Nigerian Exchange (NGX) market capitalisation increased by N28 billion yesterday, amid sustained bargain hunting in BUA foods and 27 stocks. Specifically, the All-Share…
Africa Business Local Technology World Gmail Hits 10 Billion Installs On Android, Becomes Fourth To Surpass Milestone January 11, 2022 akintunde Total number of Gmail app installations has surpassed 10 billion on android, emerging the fourth app on Google play store to hit the milestone after Google Play Services, YouTube, and…
Banking Business Local Expert: CBN Policies Can’t Rescue Naira January 11, 2022 akintunde The naira-dollar exchange rate gap widened from N80.67 per dollar at the beginning of 2021 to N152.83 per dollar in December 2021, leaving the naira with a depreciation of 20.43…
Banking Technology World Israel’s One Zero Digital Bank Gains Full Licence January 11, 2022 akintunde One Zero Digital Bank has received final regulatory approval for a full banking licence, the Bank of Israel said on Monday, becoming the first new Israeli bank in 43 years.…
Business Local Fed Govt Lists New Savings Bonds On NGX January 10, 2022 akintunde The Federal Government at the weekend listed its latest monthly issuances of savings bonds on the Nigerian Exchange (NGX), paving the way for investors to trade on the bonds issued…
Local Market Trade FG Loses N1.474tn To 222 Terminal Shutdowns In 10 Months January 10, 2022 akintunde Nigeria’s crude oil earnings were depleted by about N1.474tn between January and October 2021 due to various concerns at terminals that prevented the production of 50.788 million barrels of oil…
Local Market Nigeria: NANS Rejects N10 Per Litre Tax On Soft Drinks January 10, 2022 akintunde The National Association of Nigerian Students in the South-West zone has condemned the Federal Government’s plan to introduce N10 per litre tax on carbonated drinks. The Minister of Finance, Budget…
Local Political Selection Of Discos By Jonathan Administration Cause Of Sector Failure – Nigeria President January 10, 2022 akintunde President Buhari has berated the GEJ administration for the non-credible selection process of distribution companies. Pres Buhari attributed the current power failure to the biased selection process, as incompetent hands…
Local EU plans law requiring tech firms to do more to combat child abuse January 10, 2022 akintunde The European Union plans to pass a law requiring technology companies to do more to tackle child sexual abuse. EU Home Affairs Commissioner Ylva Johansson said internet service providers and…
Business World Testing Firms To Lose Revenues As U.K. Abolishes Pre-Arrival Covid Tests January 10, 2022 akintunde The United Kingdom has abolished the requirement for a negative PCR result to enter the country dealing a blow to Covid testing firms in Nigeria. The British Prime Minister announced…
Local Market Nigeria: Debt Servicing Gulps 76% Of Revenue, Experts, Buhari Disagree On Borrowings January 10, 2022 akintunde The Federal Government on Wednesday disclosed that it spent N4.2tn on debt servicing between January and November 2021. This sum represents 76.2 per cent of the N5.51tn revenue generated during…
Local Dangote, Adenuga, Rabiu Pocket N2.35tn In 2021 January 10, 2022 akintunde Nigeria’s three richest men, Aliko Dangote, Mike Adenuga, and Abdulsamad Rabiu saw their combined wealth jump by 33.9 percent to $22.5 billion (N9.3 trillion) in 2021. According to Forbes, the…
Local Facebook parent’s head of communications leaves company January 10, 2022 akintunde The head of communications at Facebook parent Meta Platforms Inc (FB.O), John Pinette, is leaving the company, the social media company said late on Friday. Chris Norton, vice president of…
