Africa Business Local Ezdehar’s Second Fund Blasts Past Goals For First Close February 7, 2022 akintunde TLcom Capital, the Africa-focused venture capital firm known to have made bets on Andela and Twiga, is raising $150 million for its second fund targeted at making early- and late-stage…
Africa Investing Local Money Manager Takes Control Of Impact Investor ResponsAbility February 7, 2022 akintunde M&G is acquiring a majority stake in impact investing firm responsAbility Investments, M&G said Thursday in a news release. Zurich-based responsAbility has $3.7 billion in assets under management. It focuses…
Africa Local Metier And Catalyst Combine To Boost Pan-African Reach February 7, 2022 akintunde South Africa’s Metier Private Equity plans to merge with Catalyst Principal Partners, a Kenya-based manager. Both firms said on Wednesday, combining resources to form a stronger pan-African player. Emerging and…
Business Technology World Apple To Unveil Low Cost 5G IPhone March February 7, 2022 akintunde Apple Inc is targeting a date on or near March 8 to unveil a low-cost 5G iPhone and an updated iPad. According to the report, the new iPhone will be…
Africa Business Local Market World Dangote Become The 91st Richest Man In The World February 7, 2022 akintunde Aliko Dangote, Africa’s richest man in the last 8 hours has raked in N217.5 billion($523M) jumping to become the 91st richest man in the world. According to Bloomberg index, Dangote…
Local Nigeria: 200 Unemployed Graduates Received Training In Modern Agriculture From FECA February 7, 2022 akintunde The Federal College of Agriculture, Akure, Ondo State, has trained 200 unemployed graduates and youths in modern techniques of agriculture and agriculture value chains. It was gathered that the trainees…
Local Nigeria External Reserves Slides To Four Months Low At $39.98bn February 7, 2022 akintunde The external reserves have fallen below the $40bn mark to the lowest point in over three months, figures from the Central Bank of Nigeria have revealed. The reserves dropped to…
Local Aviation unions vow to ground flights February 8 over minimum wage, others February 4, 2022 akintunde Nigeria’s four major aviation unions on Wednesday vowed to ground activities in the sector from Tuesday, February 8, 2022 The unions said this over the failure of the Federal Government…
Local FG Pays Fuel Transporters N22.7bn Bridging Claims February 4, 2022 akintunde The Nigerian Midstream and Downstream Petroleum Regulatory Authority have said the FG has paid bridging claims amounting to N22.7bn to transporters of petroleum products. The NMDPRA said the government would…
Local Coca-Cola HBC unveils sustainability challenge for startups February 4, 2022 akintunde The Coca-Cola Hellenic Bottling Company has unveiled its Global Sustainability Challenge as part of efforts to advance a circular economy and accelerate its ‘World Without Waste’ agenda. The Chief Executive…
Local Reps panel accuses developers of duping subscribers, flouting regulations February 4, 2022 akintunde An ad hoc committee set up by the House of Representatives to investigate estate developers in the Federal Capital Territory has decried the high rate of breaches and infringement on…
Local NIN-SIM linkage: Security agencies get Buhari’s nod to access subscribers’ details February 4, 2022 akintunde President Buhari approved some security agencies to access the database of the National Identity Management Commission in the course of carrying out their duties. As a result, the Minister of…
Local Saudi Arabia deepens 5G infrastructure for pilgrims February 4, 2022 akintunde Saudi Arabia sets to improve communication services for the yearly pilgrimage and promise the best tech experience as the country is increasing its investments in information and communications infrastructure. Saudi…
Local Poor welfare’: Nigeria Aviation unions to embark on strike Feb 8 February 4, 2022 akintunde Aviation workers have notified airlines of their withdrawal of air travel services from February 8 in protest against poor welfare and non-release of the agreed conditions of service Air Transport…
Local ICRC: FG to earn N50bn from Onitsha River Port concession February 4, 2022 akintunde The Infrastructure Concession Regulatory Commission (ICRC) says the federal government will generate over N50 billion from the 30-year concession of the Onitsha River Port. In a statement on Thursday, Manji…
Local Akinwumi Adesina: Technology has improved food security, transparency in use of public funds February 4, 2022 akintunde The African Development Bank President Akinwumi Adesina says the emergence of technology has brought transparency in the use of public funds and boosted food security. Adesina said this on Wednesday…
Africa Business Local Technology World Mark Zuckerberg Lost $29 Billion After Facebook Users Reduce For The First Time February 4, 2022 akintunde Mark Zuckerberg lost $29 billion in net worth on Thursday as Meta Platforms Inc’s stock marked a record one-day plunge, while fellow billionaire Jeff Bezos was set to add $20…
Africa Business Local Technology World Meta Loses Over $200 Billion In Value February 4, 2022 akintunde Facebook sees first-ever drop in daily active users as owner Meta takes $200bn share hit Facebook’s parent firm Meta on Thursday lost over $200 billion in stock value — comparable…
Local Nigeria: House Of Rep Ad-Hoc Committee Is Set To Transfer Assets Of Defunct NNPC February 4, 2022 akintunde Kingsley Chima, chairman, house of representatives ad-hoc committee, says the committee is working to finalise the transfer of assets of the defunct state-owned oil firm to the new Nigeria National…
Technology World Qualcomm CEO Says Metaverse Is Beyond Social Media February 4, 2022 akintunde Qualcomm CEO Cristiano Amon told CNBC’s Jim Cramer on Thursday that the chipmaker views the so-called metaverse as much more than just the next frontier for social media. “The metaverse…
Business Market World European Market Experience Little Change After Opening Bell February 4, 2022 akintunde Europe markets opened flat on Friday as investors digested key updates from both the Bank of England and the European Central Bank. The pan-European Stoxx 600 was little changed after…
Local Market OPEC To Raise Oil Production 400,000 Barrels Per Day February 4, 2022 akintunde The Organisation of the Petroleum Exporting Countries and its Russia-led partners decided on Wednesday to raise oil production by 400,000 barrels per day in March, sticking with its plan of…
Local Naira falls at P2P market as FX liquidity improves by 59.4% at I&E window February 4, 2022 akintunde The exchange rate between the naira and the US dollar closed at N416.07/$1 at the official Investors and Exporters (I&E) window. Naira appreciated marginally against the US dollar on Thursday…
Banking Business Local Full List Of CBN 100 For 100 Policy Beneficiary February 4, 2022 akintunde The Central Bank of Nigeria (CBN) has released the list of 28 companies that took home N23.2 billion from the first cycle of the 100 for 100 Policy on Production…
Business World Indian Billionaire Gautam Adani Becomes Asia’s Richest Person February 4, 2022 akintunde Indian businessman Gautam Adani has become the richest Asian, worth $90.1 billion, according to Forbes’ Real Time Billionaire calculations on Thursday, and the 10th richest person in the world. He…
Africa Local Tony Elumelu- A Well-Regulated Capital Market’ll Generate Wealth For Africa February 4, 2022 akintunde The Chairman of United Bank for Africa Plc, Mr Tony Elumelu, has said a well-regulated capital market will help to create wealth for Africa. Elumelu said this at the Jamaican…
Business Local Market Nigeria: Marketsquare Replaces Shoprite At Maryland Mall February 4, 2022 akintunde Purplemaryland has said Marketsquare, a grocery retailer, will open its outlet at the mall following the exit of Shoprite. According to a statement by Purple Group, owners of Purplemaryland, the…
Local Stakeholders Laud NLNG’s Increased Cooking Gas Supply February 3, 2022 akintunde Nigeria LP Gas Association has commended Nigeria LNG Limited for the decision to supply 100% of its LPG production to the Nigerian market. The President and Executive Council of NLPGA,…
Local FEC approves $328.87m railway consultancy services, N115.4bn Katsina road dualisation February 3, 2022 akintunde The Federal Executive Council presided over by President Buhari approved N115.4bn for the dualization of the proposed Kano-Kazaure-Kongolam highway in Katsina State to a dual carriageway. The Minister of Works…
Local Osinbajo launches integrated energy planning tool today February 3, 2022 akintunde The Vice-President, Prof. Yemi Osinbajo launches the Integrated Energy Planning Tool in collaboration with Sustainable Energy for All. A statement signed by the Director of Communications, SEforAll, Sherry Kenny, said…
