Real Time Financial News Website
CoinDCX has doubled its valuation to $2.15 billion (post-money) in eight months following a fresh $135 million funding. Steadview and existing backer Pantera co-led CoinDCX’s Series D financing, the firm…
Nigeria’s earnings from crude oil plunged by about N75.9bn in February and March this year despite the increase in global oil prices for the third consecutive month in March 2022.…
Union54, the first Zambian startup backed by Y Combinator, got another major venture capital firm on its term sheet, Tiger Global. The company confirmed to TechCrunch that the VC juggernaut…
New immigrants find it hard to set up a bank account. That’s why Ellis was created for international students planning to study in the U.S. Before arrival, they can open…
Recently, Twitter announced a great news that users will be able to edit tweets — a longtime user request. Twitter said it was taking care to ensure the Edit button…
FMDQ Securities Exchange Limited has listed Prima Corporation Limited’s N7.02 billion Series 2 Commercial Paper. The CP was issued under Prima Corporation’s N30 billion CP programme on its platform. Prima…
NGX yesterday launched its ETD market with the listing of two equity index futures contracts. The ETDs market to commence with trading activities by the first three stockbrokers. These have…
Following a regular inspection on June 25, the completion deadline for Uganda’s showpiece $1.7 billion hydroelectric project, the Karuma Dam, has been moved back to June 22, 2022. Work on…
The Nigeria Customs Service’s TinCan Island Command reported that the total tonnage of products shipped from its command between January and March 2022 was 71,014.4 metric tonnes, worth N56.21 billion.…
With the most recent development coming out of Europe, the world of autonomous driving is consolidating. Bosch announced that it will acquire Five.ai. A self-driving startup that began with grand…
We’re very focused on signing up net new large enterprise customers,’ CEO says. Today, decacorn Brex revealed that it is making a big push into financial software with the release…
The founder of Braid , a company that wants to make shared wallets more mainstream among consumers, Entrepreneur Amanda Peyton has always been “the friend that’s good with money”. In…
Amazon announced today will bring its cashier-free checkout technology, Just Walk Out, to a Major League Baseball stadium for the first time. MLB team Houston Astros will introduce the Just…
Nursing shortages were a problem well before our hospitals were rocked by a pandemic. Two years in and overloaded systems have further contributed to burnout, stress and other factors plaguing…
The payments body that oversees the popular UPI (Unified Payments Interface) instrument, approved WhatsApp to extend its payments service to 100 million users in the South Asian market. The NPCI…
In 2021, Google was developing a “Switch to Android” app for iOS users looking to make the jump from iPhone to a smartphone running Google’s Android OS. Now that app…
Digital mortgage company Better.com is gearing up for another round of layoffs, multiple sources with knowledge of internal happenings at the company have told TechCrunch. This time around, the company…
There’s no shortage of digital banks in Nigeria and, in general, in Africa. As the region continues to experience rapid growth in mobile usage, fintechs think this is the right…
The first disbursement of rebates to exporters under the RT 200 policy of the CBN commences this week. According to the CBN Governor, Mr. Godwin Emefiele, the payment is to…
DLM Capital, a development investment bank, has received the final approval of the CBN for its acquisition of Links Microfinance Bank. It said in a statement that the approval would…
Stanbic IBTC has revealed that 46% of private enterprises in Nigeria increased the selling prices of their products and services in March while only 2% lowered their prices. Many businesses…
CLEARING agents operating in the nation’s maritime sector may withdraw their services following the reintroduction of a 15% National Automotive Council levy on imported used vehicles by the Nigeria Customs…
FG on Monday said it would crash the price of wheat in Nigeria with the production of 2.7 million metric tonnes of the commodity across the country. It said the…
According to the European Union ambassadors on Monday, at least 40% of NLNG was exported to Europe and this calls for greater cooperation between Nigeria and the EU in the…
THE ongoing war by Russia in Ukraine is making the global oil market highly volatile, OPEC declared on Monday. Speaking at the 15th high-level meeting of the European Union-OPEC Energy…
CBN has granted Momo PSB Limited final approval to commence operations. According to the statement signed on Monday by Uto Ukpanah, company’s secretary. This is coming after the CBN granted…
The E.U freezes the assets of the boss of Russia’s top lender Sberbank, Vladimir Putin’s two daughters, and more oligarchs. Since the start of the war in Ukraine, the EU…
Shareholders of Guaranty Trust Holding Company (GTCO) have unanimously endorsed the payment of a total dividend of N3 per share for the financial year ended Dec. 31, 2021. They gave…
Interest rates on fixed deposit accounts rose to an 18-month high of 6.61 percent in February, indicating increased demand by commercial banks for funds to expand their lending activities. Data…
FG expects more than 500MW of electricity from interconnected mini-grids to be developed by the Rural Electrification Agency. FG blamed Friday’s national grid collapse on the sabotage of the country’s…