DFI Signs Off On Investment In Knife Capital’s Latest Fund
Knife Capital, a South African venture capital firm, is raising a $50 million fund for startups looking to raise Series…
Month: February 2022
Report: Ghana, Kenya to face debt risks in next two years
Standard Bank Group Limited says five major African economies will face debt risks over the next two years as pandemic…
Novastar Ventures Leads Seed Round For Kenya-Based BasiGo
Kenyan-based electric vehicle technology and financing startup BasiGo has closed a $4.3 million seed funding round. The funding was led…
General Atlantic Makes First African Technology Investment
The pandemic has accelerated the use of telemedicine, virtual care and drug delivery, thus fuelling investor interest in the sector.…
Afreximbank’s FEDA Backs Mauritanian FMCG Business
African Export-Import Bank (Afreximbank) has announced an investment by the Fund for Export Development in Africa (FEDA), its development impact-oriented…
Oil Price Rises To $95 A Barrel Amid Russia-Ukraine Tensions
Brent crude oil rose to $95 a barrel for the first time since October 2014 amid between Russia and Ukraine. Brent…
Apple To Raise Salary Of Its US Retail Employees
Apple Inc is raising the pay of many U.S. retail employees effective this month, Bloomberg News reported on Friday. The…
EU Is Nigeria’s Largest Trading Partner, Says Envoy
The European Union Ambassador in Nigeria, Samuela Isopi, has said the EU bloc is the largest trading partner and key…
UK Economy Grew 7.5% In 2021, Mostly Recovering From Its Pandemic Plunge
The British economy grew 7.5% in 2021, official figures revealed Friday, rebounding from its historic 9.4% plunge in 2020 when…
NNPC May Spend N201bn To Clean 170.25m Litres Of Dirty Fuel
The Nigerian National Petroleum Company Ltd. may need an estimated N201 billion worth of clean Premium Motor Spirit (petrol), to…
Petrol transporters gradually halt operations over low freight rates
Transporters of PMS on Thursday said the nationwide scarcity of PMS was partly due to the gradual halt in the…
Naira Exchanges At N417.51 To $1 Officially
The naira continued its downward trend as the dollar was sold for N417.51 at the official market on Thursday. This…
Delivery Hero CEO Apologizes To Investors After Share Drops By 30%
The boss of European food delivery firm Delivery Hero has apologized to investors after shares of the company plummeted more…
FirstBank Felicitates With Junior Achievement Nigeria On Nobel Peace Prize Nomination
In recognition of the giant strides and efforts by Junior Achievement Worldwide – the parent body of Junior Achievement Nigeria…
NUPENG threatens strike, alleges FG fails to fix 21 highways
The Petroleum Tanker Drivers branch of the Nigeria Union of Petroleum and Natural Gas workers on Wednesday threatened to begin…
MTN Pays $253.86 Million Balance To NCC For 5G Licence
MTN Nigeria has paid the remaining $253.86 million to complete the $273.6 million fifth generation (5G) licence fee to the…
Audit query: Reps summons ITF boss over four-year unapproved spending
Acting DG Mrs Adesola Taiwo of Industrial Training Fund was summoned by the House of Representatives Committee on Public Accounts.…
Tesla To Recall 578,607 Vehicles In United States
Electric car maker Tesla Inc (TSLA.O) is recalling 578,607 vehicles in the United States because pedestrians may not be able…
NIMC portal: Telcos bow to pressure, begin server configuration to vNIN platform
Telecommunication operators have begun preparations towards migrating to the Virtual NIN platform in a bid to resolve the technical difficulties…
NBC grants TV broadcast licence to NYSC
The National Broadcasting Commission has granted an operational licence to the National Youth Service Corps for the commencement of direct…
Nigeria, others miss oil production targets as disruptions persist
The Organization of the Petroleum Exporting Countries and its allies continue to underperform their increasingly lofty oil production targets. With…
French Startup Alma Raises €115M to fund Expansion Across Western Europe
French buy-now-pay-later platform Alma raised 115 million euros ($131 million) in equity funding as it seeks to speed up its…
Telcos begins NIN verification as Galaxy Backbone downtime continues
As the NIMC portal continues to experience downtime due to a technical glitch, telecom companies have resumed SIM verification services.…
CBN to stop forex sale to banks by December targets $200bn non-oil exports
The Central Bank of Nigeria has revealed that it will stop the sale of foreign exchange to Deposit Money Banks…
NNPC, Sahara Group, Edo begin 16.7km Edo road project
The Nigerian National Petroleum Company together with one of its joint ventures partners, Engaged Resources Limited flagged off a 16.7-kilometre…
US Appeal Court Permits Nigeria To Request Documents From P&ID Stakeholders
A US court of appeals for the second circuit has overturned orders which blocked Nigeria from obtaining documents to support…
UN Seek $1.1 Million To Aid Displaced Persons In Northern Nigeria
The United Nations is requesting for the sum of $1.1 million to aid displaced persons living in the northern part…
We Will Tell Them Don’t Come To Central Bank For Foreign Exchange Again: CBN To Banks
The Central Bank of Nigeria (CBN) has indicated that it would discontinue the sale of foreign exchange to Deposit Money…
Nigeria President Order That Importers Of Contaminated Fuel Be Held Accountable
President Muhammadu Buhari has ordered that those responsible for importing petrol with higher than normal amounts of methanol, which caused…
Google Breached Antitrust Law, Russia’s FAS Says
Russia’s Federal Antimonopoly Service (FAS) on Thursday said Alphabet’s. Google had breached antitrust law related to suspending and blocking accounts…