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…
Author: akintunde
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…
Nigeria: Eko Electricity Distribution Company Appoints New Chairman
The Eko Electricity Distribution Company (EKEDC) has announced the appointment of Oritsedere Otubu as its new Chairman, to consolidate on…
QED Investors Hires Two Investment Professionals To Boost Africa Plans
QED an investment firm based in Alexandra, Virginia in the United States of America announced that it has recruited two…
Nigeria Stock Exchange Investors Gain N840bn In A Week
Investors in the Nigerian stock market saw the worth of their shares rise by N840bn last week as 47 firms…
World Bank And African Development Bank Approved The Sum Of $2.83Bn To Nigeria In 2021
The World Bank and the African Development Bank approved a total sum of $2.83bn to Nigeria in 2021, It has…
CBN Place Telecommunication Sector On Forex Priority List
The deployment of fifth generation technology has got a boost from the Federal Government. Federal government through the Central Bank…
Nigeria: Dangote Record $1.3 Billion Fortune Boost
Aliko Dangote recorded a boost of as much as $1.3 billion in his fortune in the year to January 21,…
File tax returns before Jan 31 or risk sanctions, orders Lagos
The Lagos State Internal Revenue Service has given firms based in the state till January 31, 2022, to file their…
Nigeria’s import bill rose to $8.92bn in nine months – Report
Nigeria’s total import bill for jan-sep 2021 rose to $8.92bn from $4.29bn in the same period of 2020. Dr Biodun…
MTN Awaits SEC Approval To Announce Offer Result, Share Allotments
MTN Nigeria Plc said it is waiting for approval from Securities and Exchange companies SEC to announce the offer result…
Foreign direct investment Into Africa Grew By 147 Percent In 2021
Foreign direct investment (FDI) into Africa showed a strong rebound in growth of 147 percent to an estimated $97 billion…
FG urges private sector to maximise AfCFTA
The Federal Government has called on the Nigerian private sector to maximize the African Continental Free Trade Agreement. The Minister…
IMF set to launch $50bn lifeline for Nigeria, others
The International Monetary Fund is set to launch a $50bn trust fund for low-income and vulnerable middle-income countries. The initiative…
DMO Record N139 Billion Oversubscribed Jan 2022 FGN Bond
Nigeria’s Federal Government bond issuance for the month of January 2021, by the Debt Management Office (DMO) recorded an oversubscription…
Import And Export Operations Requires E-Invoice- CBN
The Central Bank of Nigeria has said that all import and export operations will require the submission of an electronic…
Nigeria:OMLs Awarded To Addax Petroleum Has Been Revoked
The Federal Government has revoked oil mining licences awarded to Chinese firm, Addax Petroleum, for the second time in less…
Cryptocurrency Exchange”Crypto.com” Lost Over $30 Million To Hackers
In a blog post published in the early hours of Thursday morning, cryptocurrency exchange Crypto.com acknowledged that the company had…
U.S. Senate Panel To Debate App Store Reform Bill
A U.S. Senate panel is set on Thursday to debate a bill that aims to rein in app stores of…
Nigerian Tech Startup, Touch And Pay, Joins The W22 Y Combinator Accelerator Programme
Touch and Pay (TAP), a cowry card payment system, has now been listed in the W22 Y Combinator batch, bringing…