CSO writes FG, demands details of N3tn budgeted for petrol subsidy in 2022
The People’s Alternative Political Movement has asked the federal government to provide details of the N3 trillion budgeted for petrol…
Author: akintunde
NGX: Total activity level declines on reduced local and foreign investors’ participation
NGX Domestic & Foreign Investment report for December 2021, The total value traded on the local bourse declined by 19.3%…
MTN mobile lending, VAS rakes in N70 billion in 2021
Giant telecom company MTN Nigeria reported a revenue of over N70 billion in 2021 from Value Added Services (VAS) Value-added…
AFEX seeks to raise $175m to finance agro-processors in Africa
AFEX one of Nigeria’s commodity players seeks to raise $175 million in its bid to provide low-cost financing to agro-processors…
Japan’s Dec Unemployed Rate Drops As Monthly Employment Gain Hits Near 36-Year High
The seasonally adjusted unemployment rate in December was lower than the 2.8% in the previous month, which was also the…
Sony To Acquire Videogame Developer ‘Bungie’ In $3.6 Bln Deal
Sony Interactive Entertainment will acquire Bungie Inc, the original creator of the “Halo” videogame and developer of “Destiny”, in a…
U.S. FTC To Review Microsoft Deal For Activision
An antitrust review of Microsoft Corp’s proposed acquisition of Activision Blizzard will be handled by the U.S. Federal Trade Commission…
CBN 100 For 100 Policy: 28 Companies Benefitted
Godwin Emefiele, governor of the Central Bank of Nigeria(CBN), says 28 companies benefitted from the first cycle of the 100 for…
Nigeria App For US Stocks, Bamboo Raises $15million Series A funding
Bamboo, a Nigerian brokerage app that lets Africans buy and trade US stocks in real-time has secured a $15 million Series…
Commercial Bank Gives N2.5Billion Loan To Cocoa And Plantain Farmers Association Of Nigeria
The Cocoa and Plantain Farmers Association of Nigeria says it has secured a loan of N2.5bn for its members from…
CBN Reduces Charges On Electronic Banking Transactions
The Central Bank of Nigeria (CBN) has reduced ATM withdrawal charges, inter-bank transfer fees as it issues a downward review…
FG pays $194m for Port Harcourt refinery, plans additional $98m, N17.2bn
The Federal Government has processed $98m as partial payments for the ongoing rehabilitation of the Port Harcourt Refining Company. Advance…
FUGAZ investors gain over N4 billion combined during the week
FUGAZ an acronym for the five biggest banks in Nigeria by market capitalization appreciated by 0.16% as investors in these…
Credit Suisse Faces $45.5 Million Claim – Court
Swiss prosecutors are pursuing around 42.4 million Swiss francs ($45.5 million) in compensation from Credit Suisse (CSGN.S) in a money-laundering…
Nigeria’s forex inflow hits $55.5bn in seven months
The country recorded a foreign exchange inflow of $55.5bn in seven months, data obtained from the Central Bank of Nigeria…
Stop introducing more taxes, financial experts urge FG
Financial experts have urged the Federal Government to stop the introduction of more taxes because of the nation’s weak economy.…
Knife Capital Backs HR Software startup’s latest round
Wamly a one-way video interview software startup based in South Africa secures funding from local venture capital firm Knife Capital…
TIDE Africa II raises almost half its final goal with first close
Africa-focused venture capital firm TLcom Capital, known to have made bets on Andela and Twiga, is raising $150 million for…
Oikocredit makes loan to C&I solar provider
Oikocredit has provided Ecoligo with a € 5 million loan for the purpose of solar energy growth used to power…
Naira Appreciates at Official Markets As FX Turnover Drops To Two-Week Low
The exchange rate between the naira and the US dollar closed at N416/$1 at the Investors and Exporters (I&E) window,…
Amazon, AliExpress, Twitter, Zoom To Pay Tax On Profit Or Income Made In Nigeria
The federal government says non-resident companies (NRC) are mandated to remit 6% of turnover from digital services provided to Nigerian…
AI Capital, Google, Others Back InstaDeep’s 9-Figure Series B
A recent survey carried out by CNBC reported that 81% of executives worldwide say AI will play a notable role…
Eiffel Partners With Finergreen For African Renewable Energy Deals
A new initiative will soon be launched in Africa to increase financing for renewable energy. It is a mechanism that…
Manufacturers Association Urges CBN To Extend e-Invoice Implementation
The Manufacturers Association of Nigeria has urged the Central Bank of Nigeria (CBN) to extend the implementation of the E-invoice…
Goodwell Leads Returning And New Investors For Copia’s Series C
Goodwell Investments has led a $50m Series C equity round in Copia Global, a B2C e-commerce platform with a distribution…
U.S. Treasury Secretary Janet Yellen To Participate Remotely In February G20 Meeting
U.S. Treasury Secretary Janet Yellen will participate in a February meeting of the G20 remotely because of a rise in…
Macau Legend Shares Fall Over 20% After CEO’s Arrest
Macau Legend reported Chan had been arrested in a statement to the Hong Kong stock exchange on Sunday, adding it…
Pearson Buys Certification Company Credly
Education group Pearson has agreed to buy the certification company Credly to expand its offering to businesses looking to train…
Asia Stocks Make Tentative Gains, Brent Tops $91
Asian shares swung higher on Monday as Wall Street futures stabilised, though tests loom ahead as UK interest rates are…
Goldman Sachs Forecast Five Rate Hikes In Federal Reserve This Year
Goldman Sachs is forecasting that the U.S. Federal Reserve will raise interest rates five times in 2022, versus four previously,…