Baidu’s Electric Vehicle Arm Jidu Raises $400 Mln In New Funding Round
Baidu’s electric vehicle (EV) arm Jidu Auto said on Wednesday that it had raised nearly $400 million from Baidu and…
Year: 2022
Ripples Buys Back It’s Series C Share
Ripple’s CEO, Brad Garlinghouse took to Twitter to announce that his company has bought back its Series C shares which…
SKC Consortium Invests $80 Million In UK Anode Startup Nexeon
A consortium including South Korean chemical company SK Co Ltd has invested $80 million in British battery materials startup Nexeon…
Toshiba Begins Partial Production In Quake Hit Plant
Toshiba Corp on Wednesday said it had partially restarted production at a semiconductor plant in Oita, southern Japan, that was…
Mixed Trade In Asia Stocks
Asia markets traded mixed on Wednesday, after U.S. equities tumbled overnight in another volatile session as investors await the Fed…
Swedish “Buy Now Pay Later” Fintech Firm To Launch Physical Card
Swedish fintech firm Klarna is embedding its “buy now, pay later” service into a physical card in the U.K. The…
LG Q4 Profit Drops By 30 Per Cent
South Korea’s LG Display Co Ltd posted on Wednesday a 30% drop in quarterly operating profit on the year, hit…
African Airlines’ Passenger Traffic Has Fallen By 65% Due To Omicron- IATA
The International Air Transport Association says African airlines’ passenger traffic has fallen by 65% due to the increasing impact of…
Three U.S. states, D.C. sue Google over location-tracking
Texas, Indiana, Washington State sued Google on Monday over deceptive location-tracking practices that invade users’ privacy. Google spokesperson Jose Castaneda…
Value Of PoS Transactions Hits N18.10trn In Five Years
The value of transactions through Point of Sale (PoS) terminals in the country rose to N18.10trillion between 2017 and 2021Breakdown…
NITDA to initiate code of conduct for social media activities in Nigeria
National Information Technology Development Agency said it is developing a code of conduct for social media activities in Nigeria. This…
Nigeria: FG to convert 200,000 vehicles
The Federal Government on Monday met with oil marketers in the downstream sector for the conversion of 200,000 commercial vehicles…
Tencent fires 70 people and blacklists 13 firms in anti-fraud campaign
Chinese internet giant Tencent fired 70 people and blacklisted 13 firms last year as part of an anti-graft campaign. Tencent…
Australian inflation surges in Q4, market bays for rate hikes
Australia’s core inflation flew to its fastest annual pace since 2014 in the December quarter as fuel and housing costs…
Nigeria: Truck Owners Threaten To Sue NPA Over ‘Extortion’
Truck owners under the aegis of the Council of Maritime Transport Unions and Associations (COMTUA) have threatened to sue the…
Nigeria Record N74.51bn Oil Revenue Lost In December
A new monthly report of the Organization of the Petroleum Exporting Countries has shown a plunge in Nigeria’s crude oil…
Ethos And BluePeak Co-invest In Grit Real Estate Group
Ethos Mezzanine Partners and BluePeak Private Capital Fund have co-invested $31.5m in Grit Real Estate Income Group (Grit), a Pan–African…
Boulben Withdraws From Race To Head French Telecom Firm
Verizon Chief Revenue Officer Frank Boulben has written to the board of Orange withdrawing from the race to head the…
Stock Market Bearish Bet Boost Short Sellers Profit
Short sellers are reaping huge profits this year, as the stock market’s brutal bloodbath fuel their bearish bets. The short-selling…
Poa Internet wraps up Africa50-led equity financing round
In 2020, Africa50, an infrastructure financier backed by the Africa Development Bank (AfDB) Group and a good number of African…
Nigeria’s Recorded $55.5bn Forex Inflow In Seven Months
The country recorded a foreign exchange inflow of $55.5bn in seven months, data obtained from the Central Bank of Nigeria…
Crypto Market Loses $356bn In 24 Hours — And $1 Trillion In Two Months
The value of the cryptocurrency market stood at $1.61 trillion on Saturday, representing 11.8 percent decline over the last day,…
Tesla Countersue Bank For Seeking Windfall
Tesla Inc on Monday fought back against JPMorgan Chase & Co over a disputed bond contract, countersuing the bank for…
Afreximbank Pan-African Payment And Settlement System (PAPSS) Explained
On the 28th of September, 2021, the Afreximbank in conjunction with the African Continental Free Trade Area (AfCFTA) secretariat officially…
Dangote Refinery And Fertiliser Projects To Kick Off Before September
Alhaji Aliko Dangote, President of Dangote Group, says the Dangote Refinery and Fertiliser projects will come on stream before the…
Non Fungible Token Marketplace “OpenSea” Lose Coin To Hackers
The world’s largest Non Fungible Token marketplace, OpenSea, has reportedly lost 332 Etherium to hackers on Monday. This amounts to…
Nigerian Breweries List Additional Shares
Additional 78,929,849 ordinary shares of 50 kobo each of Nigerian Breweries Plc (Nigerian Breweries or the Company) were today, Monday,…
Adiwale takes minority stake in West Africa drilling services company
Adiwale Partners, a private equity firm focused on Francophone West Africa, picked up a minority stake in Maintenance Climatisation Technique…
Toshiba Halts Operations At Chip Plant After Quake
Toshiba Corp said on Monday that it had suspended operations at a plant in Oita, southern Japan that makes semiconductors…
China Regulator Calls To Protect Minors Against Pornography
China’s State Administration for Market Regulation has called to strengthen protection of minors against food products containing hints of pornography…