Real Time Financial News Website
Google announced the launch of a product development center in Nairobi, its first in the continent today. This is set to build “transformative” products and services for the African market…
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…
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…
According to data from the Nigeria Inter-Bank Settlement System portal, about N54.98tn was processed through Nigeria’s electronic channels in the first 2months of 2022. This is a 45.49% increase from…
The World Bank has advised Nigeria and other African countries to focus on digital development as too many of Africa’s expanding youth population will be denied the opportunity to live…
Lekoil Nigeria Limited has filed a petition in the Grand Court of Cayman Island Court to request a its “Just and Equitable” winding up to avert value loss by shareholders…
In line with its economic diversification blueprint, the Central Bank of Nigeria (CBN) released N19.15 billion to finance 5large-scale agricultural projects under the Commercial Agriculture Credit Scheme. The latest effort…
Shareholders of Custodian Investment Plc have authorized the board of the company to raise additional capital as part of its strategic growth. Last weekend, shareholders approved resolutions empowering directors of…
The NNPC has revealed that the country recorded about $868.5 million or N361.43 billion from gas export in 2021. The domestic gas sale revenue within the period was N13.36 billion.…
The Group MD of the Nigerian National Petroleum Company Limited, Mele Kyari, has shown the House of Representatives Committee on Petroleum Resources (Upstream), in photos and videos, the vandalization and…
Strong indications emerged yesterday that the Federal Government of Nigeria may have finally taken over the management of the Unclaimed Dividend Trust Fund after years of discordance. The development confirms…
The CBN of Nigeria has imposed an N800m fine on three Deposit Money Banks in the country The imposed fine was for violating regulations barring customers from transacting in cryptocurrencies.…