Local Market Nigeria Reps Tells APCON, NAFDAC, Others To Monitor Online Drug Adverts February 9, 2022 akintunde The House of Representatives has called on the Advertising Practitioners Council of Nigeria to liaise with social media giants and online advertising companies such as Google, Facebook and Twitter to…
World Wall Street Ends Higher; Bank Stocks Rise With Treasury Yields February 9, 2022 akintunde Wall Street ended sharply higher on Tuesday, lifted by Apple and Microsoft, while a jump in Treasury yields elevated bank stocks ahead of a key inflation reading this week. The…
Local Remove fuel subsidy, official exchange rate, IMF urges FG February 8, 2022 akintunde Two weeks after the Federal Government suspended the removal of petrol subsidy, the International Monetary Fund has again urged the Nigerian government to stop subsidising fuel. The Washington-based lender also…
Local Fuel Scarcity: Filling Stations Shut As Queues Persist In Lagos, Abuja, Others February 8, 2022 akintunde Filling stations were shut on Monday as this led to queues by motorists in within their premises Ques were larger in the few outlets that dispense in Abuja, neighbouring states,…
Africa Local World Bank, Kenya in talks for another $200 million loan February 8, 2022 akintunde The World Bank will give Kenya $200 million to support various development projects to improve food security in the country. Vinay Kunar Vutukru, a senior agriculture economist with the bank,…
Banking Local GTCO Acquires Investment One’s Pension, Funds Management Subsidiaries February 8, 2022 akintunde Guaranty Trust Holding Company Plc says it has completed the acquisition of 100% shareholding in two subsidiaries of Investment One. The subsidiaries are Pension Managers and Investment One Funds Management.…
Local Nigeria: Aviation Workers Suspend Planned Nationwide Strike February 8, 2022 akintunde The labour unions in the aviation industry have suspended the planned strike. They had fixed today for the commencement of the strike. The groups in the sector announced on Tuesday…
Crypto Local KPMG Canada adds Bitcoin and Ether to its balance sheet February 8, 2022 akintunde The Canadian branch of accounting giant, KPMG has made its first allocation of cryptocurrency assets to its corporate treasury. According to New Wire Canada, the accounting firm announced that it…
Local Technology Paxful Drives Financial Inclusion With Education Centres February 8, 2022 akintunde Paxful, a peer-to-peer crypto platform, says it is committed to setting up Bitcoin educational centres in key markets where it operates in a bid to address the knowledge gap and…
Local JAMB introduces self-service registration outlets in Abuja, Lagos, adds WhatsApp platform February 8, 2022 akintunde The Joint Admissions and Matriculation Board (JAMB) announces plans to introduce self-service registration. Outlets will be situated in Abuja and Lagos to leverage the digital competence of its computer-savvy candidates.…
Local Naira depreciates further, exchanges for N572/$1 at parallel market February 8, 2022 akintunde The Nigerian naira traded at N572 per dollar on Monday at the parallel section of the foreign exchange market. The figure is higher by N2 or 0.4% from the N570…
Banking Local SoftBank hit as profit, and Arm deal, collapse February 8, 2022 akintunde SoftBank Group Corp reported a 97% drop in quarterly profit and the collapse of a deal worth up to $80 billion to sell chip designer Arm on Tuesday, adding to…
Local Trade Bumper BP profits lift European stocks, euro stalled by cautious Lagarde February 8, 2022 akintunde Bumper profits from oil giant BP helped lift European stocks on Tuesday, while the euro was pegged back as the head of the European Central Bank. Oil and mining shares…
Local Market Technology MTN Pays NCC’s 5G License Fee Before Deadline February 8, 2022 akintunde MTN Nigeria has paid the 5G license fee ahead of the February 24 deadline issued by the Federal Government of Nigeria. This was announced on the website of the Nigerian…
Local NIMC portal breaks down, banks, telcos, passport issuance suffer February 7, 2022 akintunde Thousands of telecommunication subscribers nationwide seeking to retrieve lost SIM cards or acquire new lines temporarily have been left stranded. This follows a technical glitch in the National Identity Management…
Local Nigeria, others need $484bn by 2025 for economic recovery – AfDB president February 7, 2022 akintunde African Development Bank President Dr Akinwumi Adesina, says Africa needs $484bn over the next three years to tackle the socioeconomic impact of the COVID-19 pandemic and boost economic recovery. Dr…
Local NCP approves BPE 2022 programme, bureau targets transactions in five sectors February 7, 2022 akintunde The Bureau of Public Enterprises announced on Friday that it would execute 42 transactions in five different sectors of the economy in 2022. The BPE said the National Council on…
Local Unpaid Debt: Fuel Supplier Asks Court To Halt Lagos BRT Operations February 7, 2022 akintunde Petrocam Trading Nigeria Limited has applied to a Federal High Court in Lagos for the winding-up of Primero Transport Service Limited, the operator of Bus Rapid Transport (BRT), over alleged…
Crypto Local Ethereum Eyes $3,500 As ETH Price Reclaims Pandemic-Era Support With 40 Percent Rebound February 7, 2022 akintunde Ethereum’s native token looks poised to hit $3,500 in the coming sessions as it reclaimed a historically strong support level on Feb. 5. ETH price rising above its 50-week exponential…
Local Wall Street Journal Owner News Corp Suffers Cyberattack By Hackers Linked To China February 7, 2022 akintunde The media company that owns The Wall Street Journal News Corp said it was a victim of a cyberattack last month. Its security consultant investigating the hack believes it was…
Africa Local Everstrong Capital acquires majority stake in Kenyan tower company February 7, 2022 akintunde American private equity fund Everstrong Capital has bought a majority stake in SealTowers Limited. SealTowers Limited is a Kenya-based independent provider of cell towers founded five years ago. The deal…
Africa Local NBK Capital chooses Moove for fund manager’s first Africa investment February 7, 2022 akintunde African mobility fintech and Uber’s vehicle supply partner, Moove has secured a $10 million financing facility with Uber’s exclusive vehicle supply partner in Africa The funding represents the sixth investment…
Africa Local New Fintech Fund for Africa announced by KIFC February 7, 2022 akintunde The Kigali International Financial Centre has launched a $50 million first and only Fintech-focused Africa Fund. Backed by MyGrowthFund Venture Partners, the fund will focus on fintech companies with proven…
Business Local Technology Nigerian Stock Exchange Will Set Up Technology Board To Attract Start Up February 7, 2022 akintunde The Nigerian Exchange Limited (NGX) says it will set up a technology board to attract more listing from the tech sector. Temi Popoola, chief executive officer (CEO), NGX, disclosed this…
Local Explosion: No fears on Nigeria’s oil output February 7, 2022 akintunde Oil and gas experts in the sector have allayed fears suggesting that the country may not meet its production output quota. This follows the explosion that rocked the Trinity Spirit…
Africa Business Ethiopia Shields M-Pesa From Licence Freeze February 7, 2022 akintunde The suspension of bidding for a second telecoms operator permit in Ethiopia will not derail the introduction M-Pesa licence in the populous nation, clearing the way for Safaricom #ticker:SCOM to…
Business Local CIIN Assures NCRIB Of Partnership On Driving Compulsory Insurances February 7, 2022 akintunde The Chartered Insurance Institute of Nigeria (CIIN) has assured the Nigerian Council of Registered Insurance Brokers (NCRIB) of its collaboration to propagate the gospel of compulsory insurance among Nigerians. The…
Africa Business Local Affirma And StonePine Back Egypt’s Nerhadou International February 7, 2022 akintunde Affirma Capital and StonePine ACE Partners Limited have entered an agreement to jointly invest $20 million for a significant minority stake in Nerhadou International for Pharmaceuticals and Nutraceuticals, according to…
Africa Business Local Brimore’s Series A Backed By New And Returning Investors February 7, 2022 akintunde The Egyptian social e-commerce market will be worth over $14.8 billion by 2024. The opportunity in the market can be attributed to the growth in online social sellers in the…
Energy Local Seplat, Sahara Group, others bid to buy Shell’s joint venture assets in Nigeria February 7, 2022 akintunde Four indigenous oil and gas firms have indicated an interest in the acquisition of Shell Petroleum Development Company multibillion-dollar stake in a joint venture that operates oil fields. This is…
