Market Volatility Cause Wetransfer Owner To Cancel IPO
The company that owns the WeTransfer file service is cancelling its initial public offering (IPO), Europe’s first prominent tech offering…
Author: akintunde
Apple Smartphone Market Hit High Record In 2021 Q4
Apple’s smartphone market share in China hit a record high in the fourth quarter of 2021, with the iPhone maker…
Nigeria’s Credit Risk Spikes As FG Extend Fuel Subsidy Policy
The Federal Government’s decision to extend the implementation of the fuel subsidy removal policy has affected the cost of ensuring…
S&P 500 Trading Session Ended Bearish
Wall Street had a relatively bearish trading session with the S&P 500 ending the trading session lower on Wednesday, taking…
NNPC Advice Against Panic Buying Of Petrol
The Nigerian National Petroleum Corporation Group has urged Nigerians to disregard rumours of petrol shortages and not engage in panic…
Oil Price Hits $90 Per Barrel
Oil prices rose on Wednesday to $90 a barrel for the first time since 2014 — amid rising tensions between…
IMF Advice Nigeria To Prepare For Financial Turbulence
The International Monetary Fund has advised Nigeria and other developing economies with large foreign currency borrowings and external financing need…
Nigeria: Marketers Raise Diesel Price To N355 – N360
The upturn in global crude oil prices has pushed the landing cost of Premium Motor Spirit (petrol) imported into Nigeria…
Tesla Won’t Release Any New Model This Year- Elon Musk
Tesla CEO Elon Musk said during the company’s fourth-quarter earnings call that the company won’t release any new models this year,…
Uber Launch UberMoto In Ibadan, Nigeria
Uber, a mobility service provider, has launched UberMoto, a two-wheeler alternative and smart mobility option, in Ibadan. According to the…
Spanish Bank Santander Set To Launch “Buy Now Pay Later” Service
Spanish bank Santander is launching its own “buy now, pay later” service in Europe, in a bid to fend off…
Even And One To Be Acquired By Walmart Backed Startup
A financial technology start-up that Walmart created and backed said Wednesday it is acquiring two more companies as it aims…
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…
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…