Chip Shortage: Volvo Sales Drop By 20.2 Percent
Volvo Car Group’s sales fell 20.2% in January under pressure from the global component shortage, though demand for its products…
Month: February 2022
Japan To Tighten Measures Against Cyberattack
Japan will consider imposing tighter curbs on companies in security-sensitive sectors that procure overseas software as part of efforts to…
Australia’s Aristocrat Take Over Of Playtech Set To Fail
Gambling software maker Playtech does not expect its shareholders to approve its proposed takeover by Australia’s Aristocrat, the British company…
CBN Okays Ahmad Abdullahi Appointment As FBH Chairman
The Central Bank of Nigeria (CBN) has okayed the appointment of Alhaji Ahmad Abdullahi as non-executive director of First Bank…
Panasonic Experience Rise In Operating Cost
Japan’s Panasonic on Wednesday posted a larger-than-expected 44% slide in third-quarter operating profit, hit hard by rising costs for raw…
Nigerian Stock Exchange Market Gains 1.04 Per Cent
The NGX closed on a positive note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) appreciated by 104…
World’s Second Largest Stablecoin Hits $50 Billion Capitalization
The world’s second largest stablecoin by market capitalization just hit the $50 billion mark, according to data from CoinGecko. Circle’s…
Nigerian All Share Index Rose By 9% In January
The Nigerian All-Share Index posted a gain of 9.1% in the month of January, its best January return in about…
Nigeria Startup “Nestcoin” Raises Pre-Seed Capital For Crypto Adoption
Nestcoin, a Nigerian tech startup, says it has secured $6.45 million pre-seed capital to accelerate crypto adoptions and web3 operations…
India To Introduce Digital Rupee In 2022-2023
India’s central bank will launch a digital version of the rupee in the next financial year, the country’s finance minister…
El Salvador Defends It’s Acceptance Of Bitcoin As Legal Tender
El Salvador’s government on Monday defended the country’s adoption of Bitcoin as legal tender, rejecting calls from the International Monetary…
Nigeria: Over 15,000 Graduates Applied For Oyo State Traffic Control Job
No fewer than 15, 000 university graduates and other youths have applied for the Oyo Road Traffic Management Agency (OYRTMA)…
MTN Record Oversubscription Of 139.47 Per cent In Share Sales
126,720 retail investors submitted valid applications and received full allotment as MTN Nigeria Communications Plc announced that its first public…
Citrix System Get Taken Into Private In $16.5 Bln Deal
Software company Citrix Systems said on Monday it would be taken private for $16.5 billion including debt by affiliates of…
NASS moves to reduce budget deficit as it sets N3 trillion revenue target for agencies
The National Assembly said if resources are prudently spent the Federal Government were capable of generating N3 trillion revenue annually.…
FG probes 17 firms over breach of customers’ private data, hikes fines
A new report reveals the National Information Technology Development Agency engaged in 17 data breach investigations and issued N15m fines…
MTN subscribers spend N46 billion on SMS
According to the earnings press release, MTN Nigeria raked in N46.41 billion from SMS revenue in 2021, representing 2.81% of…
Shoprite nigeria closes Maryland store, reopens Lekki outlet looted during #EndSARS
Retail Supermarket owners of Shoprite in Nigeria, have announced plans to reopen the Circle Mall Store located in Jakande, Lekki…
Solana’s ecosystem wallet, Phantom, clinches unicorn status as it raises $109 million
Phantom, a software wallet and browser extension for the Solana ecosystem has raised $109 million in Series B financing which…
Lawan: Government-owned enterprises can generate N3trn revenue annually
Senate President Ahmad Lawan says revenue generating agencies of the federal government are capable of generating N3 trillion annually. Lawan…
CSO writes FG, demands details of N3tn budgeted for petrol subsidy in 2022
The People’s Alternative Political Movement has asked the federal government to provide details of the N3 trillion budgeted for petrol…
NGX: Total activity level declines on reduced local and foreign investors’ participation
NGX Domestic & Foreign Investment report for December 2021, The total value traded on the local bourse declined by 19.3%…
MTN mobile lending, VAS rakes in N70 billion in 2021
Giant telecom company MTN Nigeria reported a revenue of over N70 billion in 2021 from Value Added Services (VAS) Value-added…
AFEX seeks to raise $175m to finance agro-processors in Africa
AFEX one of Nigeria’s commodity players seeks to raise $175 million in its bid to provide low-cost financing to agro-processors…
Japan’s Dec Unemployed Rate Drops As Monthly Employment Gain Hits Near 36-Year High
The seasonally adjusted unemployment rate in December was lower than the 2.8% in the previous month, which was also the…
Sony To Acquire Videogame Developer ‘Bungie’ In $3.6 Bln Deal
Sony Interactive Entertainment will acquire Bungie Inc, the original creator of the “Halo” videogame and developer of “Destiny”, in a…
U.S. FTC To Review Microsoft Deal For Activision
An antitrust review of Microsoft Corp’s proposed acquisition of Activision Blizzard will be handled by the U.S. Federal Trade Commission…
CBN 100 For 100 Policy: 28 Companies Benefitted
Godwin Emefiele, governor of the Central Bank of Nigeria(CBN), says 28 companies benefitted from the first cycle of the 100 for…
Nigeria App For US Stocks, Bamboo Raises $15million Series A funding
Bamboo, a Nigerian brokerage app that lets Africans buy and trade US stocks in real-time has secured a $15 million Series…
Commercial Bank Gives N2.5Billion Loan To Cocoa And Plantain Farmers Association Of Nigeria
The Cocoa and Plantain Farmers Association of Nigeria says it has secured a loan of N2.5bn for its members from…