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Year: 2022

FMDQ Exchange Lists Prima Corporation’s N7b Commercial Paper
Local

FMDQ Exchange Lists Prima Corporation’s N7b Commercial Paper

FMDQ Securities Exchange Limited has listed Prima Corporation Limited’s N7.02 billion Series 2 Commercial Paper. The CP was issued under…

byakintundeApril 19, 2022April 19, 2022
Nigerian Exchange (NGX) Launches Exchange Traded Derivatives (ETD) Market
Local

Nigerian Exchange (NGX) Launches Exchange Traded Derivatives (ETD) Market

NGX yesterday launched its ETD market with the listing of two equity index futures contracts. The ETDs market to commence…

byakintundeApril 19, 2022April 19, 2022
Uganda: Completion Of Karuma Dam Pushed To 2022
Local

Uganda: Completion Of Karuma Dam Pushed To 2022

Following a regular inspection on June 25, the completion deadline for Uganda’s showpiece $1.7 billion hydroelectric project, the Karuma Dam,…

byakintundeApril 15, 2022April 15, 2022
Cashew nuts, Others’ Exports Hit N56bn In Q1 –Customs
Local

Cashew nuts, Others’ Exports Hit N56bn In Q1 –Customs

The Nigeria Customs Service’s TinCan Island Command reported that the total tonnage of products shipped from its command between January…

byakintundeApril 15, 2022April 15, 2022
Bosch Picks Up Five.ai After The Self-Driving Startup Pivoted To B2B And Then Put Itself Up For Sale
Local

Bosch Picks Up Five.ai After The Self-Driving Startup Pivoted To B2B And Then Put Itself Up For Sale

With the most recent development coming out of Europe, the world of autonomous driving is consolidating. Bosch announced that it…

byakintundeApril 15, 2022April 15, 2022
Fintech Brex Bets Big On Software, Lands DoorDash As A Customer
Local

Fintech Brex Bets Big On Software, Lands DoorDash As A Customer

We’re very focused on signing up net new large enterprise customers,’ CEO says. Today, decacorn Brex revealed that it is…

byakintundeApril 14, 2022April 14, 2022
Braid Aims To Untangle Pooling Money With Friends
Local

Braid Aims To Untangle Pooling Money With Friends

The founder of Braid , a company that wants to make shared wallets more mainstream among consumers, Entrepreneur Amanda Peyton…

byakintundeApril 14, 2022April 14, 2022
Amazon’s Cashierless Just Walk Out Technology Comes To Houston Astros’ Major League Baseball Stadium
Local

Amazon’s Cashierless Just Walk Out Technology Comes To Houston Astros’ Major League Baseball Stadium

Amazon announced today will bring its cashier-free checkout technology, Just Walk Out, to a Major League Baseball stadium for the…

byakintundeApril 14, 2022April 14, 2022
Nurse-Assisting Robotics Firm Diligent Raises $30M
Local

Nurse-Assisting Robotics Firm Diligent Raises $30M

Nursing shortages were a problem well before our hospitals were rocked by a pandemic. Two years in and overloaded systems…

byakintundeApril 14, 2022April 14, 2022
WhatsApp Permitted To Extend Payments Service To 100 Million Users In India
Local

WhatsApp Permitted To Extend Payments Service To 100 Million Users In India

The payments body that oversees the popular UPI (Unified Payments Interface) instrument, approved WhatsApp to extend its payments service to…

byakintundeApril 14, 2022April 14, 2022
Google Quietly Launches Its Awaited ‘Switch To Android App On IOS
Local

Google Quietly Launches Its Awaited ‘Switch To Android App On IOS

In 2021, Google was developing a “Switch to Android” app for iOS users looking to make the jump from iPhone…

byakintundeApril 14, 2022April 14, 2022
Better.com Said To Be Planning Third Round Of Layoffs
Local

Better.com Said To Be Planning Third Round Of Layoffs

Digital mortgage company Better.com is gearing up for another round of layoffs, multiple sources with knowledge of internal happenings at…

byakintundeApril 14, 2022April 14, 2022
Digital Bank Umba Raises $15M, Plans To Expand Into Three New African Markets
Local

Digital Bank Umba Raises $15M, Plans To Expand Into Three New African Markets

There’s no shortage of digital banks in Nigeria and, in general, in Africa. As the region continues to experience rapid…

byakintundeApril 14, 2022April 14, 2022
Central Bank Of Nigeria Begins RT 200 Rebate Payment To Exporters This Week
Local

Central Bank Of Nigeria Begins RT 200 Rebate Payment To Exporters This Week

The first disbursement of rebates to exporters under the RT 200 policy of the CBN commences this week. According to…

byakintundeApril 12, 2022April 12, 2022
DLM Gets CBN’s Nod On Microfinance Banks Acquisition
Local

DLM Gets CBN’s Nod On Microfinance Banks Acquisition

DLM Capital, a development investment bank, has received the final approval of the CBN for its acquisition of Links Microfinance…

byEkeminiApril 12, 2022April 12, 2022
46% of Firms Increased Prices in March
Local

46% of Firms Increased Prices in March

Stanbic IBTC has revealed that 46% of private enterprises in Nigeria increased the selling prices of their products and services…

byEkeminiApril 12, 2022April 12, 2022
Clearing Agents Plans Strike As Custom Slam 15% Levy On Imported Vehicles
Local

Clearing Agents Plans Strike As Custom Slam 15% Levy On Imported Vehicles

CLEARING agents operating in the nation’s maritime sector may withdraw their services following the reintroduction of a 15% National Automotive…

byEkeminiApril 12, 2022April 12, 2022
We’ll Crash Wheat Price With 2.7Million MT Production, Says Nigerian Government
Local

We’ll Crash Wheat Price With 2.7Million MT Production, Says Nigerian Government

FG on Monday said it would crash the price of wheat in Nigeria with the production of 2.7 million metric…

byEkeminiApril 12, 2022April 12, 2022
Russia-Ukraine War: EU Imports 40% Of Nigeria’s Gas, Demands More
Local

Russia-Ukraine War: EU Imports 40% Of Nigeria’s Gas, Demands More

According to the European Union ambassadors on Monday, at least 40% of NLNG was exported to Europe and this calls…

byEkeminiApril 12, 2022April 12, 2022
Russia-Ukraine War Creating Highly Volatile Oil Market, Says OPEC
Local

Russia-Ukraine War Creating Highly Volatile Oil Market, Says OPEC

THE ongoing war by Russia in Ukraine is making the global oil market highly volatile, OPEC declared on Monday. Speaking…

byEkeminiApril 12, 2022April 12, 2022
MTN Gets Final Approval To Operate Payment Service Bank
Local

MTN Gets Final Approval To Operate Payment Service Bank

CBN has granted Momo PSB Limited final approval to commence operations. According to the statement signed on Monday by Uto Ukpanah, company’s…

byEkeminiApril 12, 2022April 12, 2022
European Union Freezes Assets Of Sberbank, Its Boss, Putin’s Daughters
Local

European Union Freezes Assets Of Sberbank, Its Boss, Putin’s Daughters

The E.U freezes the assets of the boss of Russia’s top lender Sberbank, Vladimir Putin’s two daughters, and more oligarchs.…

byEkeminiApril 11, 2022April 11, 2022
GTCO Shareholders Endorse N3 Dividend Payment
Local

GTCO Shareholders Endorse N3 Dividend Payment

Shareholders of Guaranty Trust Holding Company (GTCO) have unanimously endorsed the payment of a total dividend of N3 per share…

byEkeminiApril 11, 2022April 11, 2022
Banks Fixed Deposit Rates Rise To 6.6%
Local

Banks Fixed Deposit Rates Rise To 6.6%

Interest rates on fixed deposit accounts rose to an 18-month high of 6.61 percent in February, indicating increased demand by…

byEkeminiApril 11, 2022April 11, 2022
Nigerian Government Targets 500MW From Mini-Grids, Blames Collapse On Sabotage
Local

Nigerian Government Targets 500MW From Mini-Grids, Blames Collapse On Sabotage

FG expects more than 500MW of electricity from interconnected mini-grids to be developed by the Rural Electrification Agency. FG blamed…

byakintundeApril 11, 2022April 11, 2022
Nigeria’s Non-Oil Exports Fall By 39%, Dollar Shortage May Worsen
Local

Nigeria’s Non-Oil Exports Fall By 39%, Dollar Shortage May Worsen

Nigeria’s non-oil exports have fallen by 39% from N6.914tn to N4.194tn in10 years, according to an analysis of the National…

byEkeminiApril 11, 2022April 11, 2022
E-payments Rise By 45%, N55tn Transferred In Two Months
Local

E-payments Rise By 45%, N55tn Transferred In Two Months

According to data from the Nigeria Inter-Bank Settlement System portal, about N54.98tn was processed through Nigeria’s electronic channels in the…

byakintundeApril 11, 2022April 11, 2022
Weak Digital Economy Hindering Nigeria, Other’s Growth – World Bank
Local

Weak Digital Economy Hindering Nigeria, Other’s Growth – World Bank

The World Bank has advised Nigeria and other African countries to focus on digital development as too many of Africa’s…

byakintundeApril 11, 2022April 11, 2022
Lekoil Files Winding Up Petition, Says Shareholders’ Interest Protected
Local

Lekoil Files Winding Up Petition, Says Shareholders’ Interest Protected

Lekoil Nigeria Limited has filed a petition in the Grand Court of Cayman Island Court to request a its “Just…

byakintundeApril 11, 2022April 11, 2022
CBN Finances 5 Large-Scale Agric Projects With N19.15bn
Local

CBN Finances 5 Large-Scale Agric Projects With N19.15bn

In line with its economic diversification blueprint, the Central Bank of Nigeria (CBN) released N19.15 billion to finance 5large-scale agricultural…

byakintundeApril 11, 2022April 11, 2022

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