Africa Local Blackout Fears As Kenya Power Staff Plan Strike February 24, 2022 akintunde Kenya Power’s KPLC workers have threatened to go on strike in a dispute over the firm’s plans to lay off 20 percent of its employees or nearly 2,000 staff, most…
Africa Local CBK Seeks Digital And Mobile Payment Platforms Fees Cut February 24, 2022 akintunde The Central Bank of Kenya (CBK) has asked digital payment service providers including mobile money firms to cut their prices, arguing that they have the headroom to charge customers less.…
Africa Local T-Bills Interest Rates Jump To Two-Year High February 24, 2022 akintunde Interest rates on Treasury bills have climbed to a two-year high on the back of a higher bid acceptance rate by the Central Bank of Kenya (CBK) as it looks…
insurance Local NAICOM, CIIN seek to boost insurance sector growth February 24, 2022 akintunde The National Insurance Commission and the Chartered Insurance Institute of Nigeria have emphasised the need for operators in the insurance sector to ensure strategies that will boost its growth. The…
Local Market NGX inducts 133 new authorised dealing clerks February 24, 2022 akintunde Nigerian Exchange Limited has inducted a total of 133 authorised dealing clerks from 63 trading license holders. During the induction ceremony, the CEO NGX, Mr Temi Popoola, said, “On behalf…
Local Duty on vehicles, cargoes imported via PTML hits N224bn February 24, 2022 akintunde The duty collected on imported used vehicles and other cargoes through Ports & Terminal Multipurpose Limited, one of the terminals in Apapa, increased to N224.47bn last year. According to a…
Local Real Estate Purple Lekki Is Creating An Iconic Space For Techies In Lagos, In Partnership With Ventures Park February 24, 2022 akintunde Purple Lekki and Ventures Park announced today that both companies have entered into a strategic partnership for an iconic private office / co-working space within the upcoming Purple Lekki Development.…
Local Trade Dangote Sugar Plc loses over N11 billion in market value in a single session February 24, 2022 akintunde At the end of yesterday’s trading session, Dangote Sugar Refinery’s share price depreciated by 5.28% to close at N17.05 per share. These figures took the market capitalization from N218.64 billion…
Business Local Opinion World Five Digital Products Propelling MTN Towards Tech February 24, 2022 akintunde MTN has been growing alternative sources of revenue outside voice, maintaining an accelerated growth trajectory, with massive adoption of its data, fintech, and digital services. Its digital platforms provide services…
Africa Local African fintech, The Green Exchange targets $5 billion green bond issuance in Nigeria, others February 24, 2022 akintunde African fintech, The Green Exchange is targeting $5 billion in green bond sales within five years to fund green bonds projects across the continent. The targeted countries for the sales…
Africa Crypto Cardano To Launch P2P Lending Network In Africa February 24, 2022 akintunde Charles Hoskinson, the co-founder of Cardano, has disclosed that the Cardano blockchain plans to launch a peer-to-peer (P2P) lending in Africa, as part of efforts to bridge the gap between…
Crypto World London Stock Exchange Acquires Tora For $325 Million February 24, 2022 akintunde The London Stock Exchange Group (LSEG) announced that it has acquired a United States’ based cloud technology provider, Tora for $325 million. The deal is expected to close in the…
Business Investing Local NGX Loses N21 Billion As Investors Initiate Cautious-Trading February 24, 2022 akintunde The NGX closed on a negative note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) depreciated by 8 basis point. The NGX ASI closed at 47,207.27 points, to…
Business insurance Local Advans Partners Axa Mansard To Launch Micro-Health Insurance Products February 24, 2022 akintunde Advans La Fayette Microfinance Bank said it launched a micro-health insurance product in partnership with AXA Mansard, aimed at facilitating financial inclusion through insurance offerings. The bank said in a…
Local Nigeria:Demand Tickets From LASTMA When Arrested, Lagos Tells Commuters February 24, 2022 akintunde The Lagos State Government, through the state Ministry of Transport, has urged Lagosians to always demand tickets from officer of the Lagos State Traffic Management Authority when arrested. The Assistant…
Local FG begins probe of airlines over alleged collusion to fix airfares February 23, 2022 akintunde Federal Government has commenced investigations into the alleged collusion by domestic airlines to fix airfares on all domestic routes. As airlines aside from Green Africa Airways raised the airfare for…
Local Jamaica Finalising Steps To Debut Its CBDC February 23, 2022 akintunde The Jamaican government has stated that it is finalizing preparations to launch the country’s central bank digital currency. In a press statement, the Bank revealed that it has already chosen…
Local Port congestion looms as 8,000 vehicles arrive Monday amid strike February 23, 2022 akintunde Following the withdrawal of services by freight forwarders and clearing agents at Ports & Terminal, Lagos ports terminals may become congested as more ships berth in the coming days. According…
Local FG to partner CBN, SEC on national savings scheme February 23, 2022 akintunde The Minister of Finance Budget and National Planning, Zainab Ahmed on Tuesday received the National Savings Scheme Report from the Working Group, Accompanied with the report was a pledge to…
Local Assist us to create more jobs, FG appeals to Korea February 23, 2022 akintunde The Federal Government, through the Minister of Labour and Employment, Chris Ngige, has appealed to the Republic of Korea to help Nigeria in creating more jobs due to the pressure…
Local NLC, IGP disagree over police exemption from N13.42tn pension scheme February 23, 2022 akintunde Pension operators and the Nigeria Labour Congress, on Tuesday, opposed the Nigeria Police Force’s request for exemption from the Contributory Pension Scheme. The NPF made a presentation at the National…
Local FG to spend N3.53tn on infrastructure, human capital February 23, 2022 akintunde The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said the Federal Government plans to spend a total of N1.42tn on infrastructure projects and N2.11tn on human capital…
Local Real Estate Stakeholders seek improved technology in real estate sector February 23, 2022 akintunde Stakeholders in the real estate sector have called on FG to improve technology deployment in order to effectively solve challenges in the sector. The call was made during an interactive…
Banking Local Fidelity Bank Restates Support For CBN FX Repatriation Push, Sensitizes Customers In Emerging Opportunities In Non-Oil Exports February 23, 2022 akintunde Fidelity Bank Plc a leading Nigerian bank has reaffirmed its commitment to actively support the CBN efforts to achieve its goal of $200 billion in Foreign Exchange (FX) repatriation from…
Local Nigeria’ll focus on natural gas exploitation, Buhari tells global community February 23, 2022 akintunde President Buhari on Tuesday told global gas exporting countries that the FG would invest more in natural gas exploitation in Nigeria. Buhari disclosed this at the sixth Gas Exporting Countries…
Business Market World Ted Baker Fourth-Quarter Sales Jump 35% February 23, 2022 akintunde Upmarket fashion retailer Ted Baker reported higher fourth-quarter sales on Wednesday as demand for office and party wear remained strong even in the face of Britain’s pandemic-related curbs during the…
Technology World Trump’s Truth Social Downloaded 170k Times On Apple App Store February 23, 2022 akintunde Donald Trump’s Truth Social app was downloaded 170,000 times on Apple Inc’s App Store since its launch last Sunday evening, according to research firm Apptopia. The app created by the…
Business Technology World Tesla Get Another Lawsuit From Ex Worker Over Racism February 23, 2022 akintunde A former Tesla construction manager has filed a lawsuit against the electric car company alleging he was fired for reporting widespread safety violations and race discrimination at Tesla’s factories. In…
Investing Local Market Market Records Slight Market Movement As Capitalization Increases By N7 Billion February 23, 2022 akintunde The NGX closed on a flat note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) appreciated by 3 basis point. The NGX ASI closed at 47,246.90 points, to…
Market World Gold Eases After Hitting $1,900 An Ounce February 23, 2022 akintunde The yellow metal has eased its bullish momentum after hitting $1,900 an ounce. A price point not traded since June 2021, an eight-month high. This is as news of President…
