Four Banks Borrow $6.21bn From Foreign Market Amid Dollar Shortage
In a bid to support their balance sheets with foreign exchange, four banks in the country raised $6.21bn from foreign…
Author: akintunde
JPMorgan Sues Tesla For $162 Million In Warrants Dispute Around Elon Musk Take-Private Tweets
JP Morgan Chase filed suit against electric vehicle maker Tesla in a dispute over warrants, according to court filings out…
Bitcoin Drops Nearly 7% Toward $60,000 As Major Cryptocurrencies Plunge
Bitcoin and other cryptocurrencies fell sharply on Tuesday retreating from near-record highs. Bitcoin fell toward $60,000 during late morning trade…
Nigeria’s Inflation Rate Drops To 15.99% — Seventh Consecutive Decline In 2021
The consumer price index (CPI), which measures the rate of change in prices of goods and services, declined for the…
WeWork Shows More Losses In Its First Quarterly Report As A Public Company
WeWork shares were up more than 2% Monday after the company announced third-quarter earnings, the company’s first report since going…
Nigeria Home To 9,100 Dollar-Millionaires, Worth $207 Billion
Nigeria has recorded about 9,100 high net worth individuals (HNWIs) each with minimum net assets of one million dollars and…
Burger King Parent Restaurant Brands International Buys Firehouse Subs For $1 Billion
Burger King parent Restaurant Brands International announced Monday it bought Firehouse Subs for $1 billion. Shares of the restaurant conglomerate…
After PSB Approval, Airtel Gets CBN’s Nod To Operate As A Super Agent In Nigeria
Airtel Africa Plc says it has been granted approval-in-principle by the Central Bank of Nigeria (CBN) to operate as a…
Portugal Makes It Illegal For Bosses To Contact Employees Outside Working Hours
Portugal has passed new labor laws which include a ban on bosses contacting employees outside of working hours. The new…
African Fintech Startup Chipper Cash Raises $30M Backed By Jeff Bezos
African cross-border fintech startup Chipper Cash has raised a $30 million Series B funding round led by Ribbit Capital with participation…
Influenced By N4.28trn 2021 Budget Deficit Financing, FG Lists N812.2bn Bonds On NGX In One Month
Following the drive to raise funds to finance the N4.28 trillion 2021 budget deficit, the federal government listed a total…
AfricInvest’s Private Credit Unit Backs Kenya’s RFH Healthcare
AfricInvest, a pan-African asset management platform that makes private equity, venture capital and private credit deals, has inked a debt…
Oikocredit Makes Debt Investment In Senegalese Microlender CMS
Social impact investor Oikocredit has provided debt capital of €5 million ($5.8 million) to Union des Caisses de Credit Mutuel…
Ata Capital Completes RCA’s MBO
Ata Capital has completed a management buyout (MBO) of Respiratory Care Africa (RCA), a medical devices supplier, from South African…
MFS Africa Raises $100m For Massive Expansion Across Africa
MFS Africa, Africa’s largest digital payments network, has raised US$100 million through an equity and debt financing round. The fundraising…
Fidelity, Visa And Kingsway Back South African Fintech JUMO In $120M Round
JUMO, a South Africa- and London-based company that offers financial services to entrepreneurs and businesses in emerging markets, has raised…
Nigerian E-Health Pharmaceutical Distribution Startup DrugStoc Secures $4.4 Million Series A Funding, Embarks On Expansion Drive
The pharmaceutical supply chain across Africa has for decades remained fragmented leading to sourcing and distribution challenges as well as…
Telenor And Google Cloud Partner Up To Digitalise Telecom Operations
Telenor and Alphabet Inc’s Google Cloud have formed a partnership to digitalise the Norwegian telecom company’s global operations and are exploring ways…
Apple TV+ hopes to build on rivals’ success with first Korean series
Hot on the heels of Netflix’s breakout South Korean hit “Squid Game,” Apple has rolled out its first Korean-language original series…
IBM, Amazon Partner To Extend Reach Of Data Tools For Oil Companies
International Business Machines Corp and Amazon.com Inc’s Amazon Web Services said on Monday they would work together to extend the reach of…
Korean Proptech Startup Rsquare Raises $72M Series C To Fuel Its Expansion
The commercial real estate brokerage market in South Korea is fragmented, which makes finding a new office for tenants a…
Singaporean, French Firms, Bi-Courtney, 10 Others Jostle For Nigeria’s Four Int’l Airports
A total of 13 airport consortia, comprising local and foreign companies, have submitted bids to be prequalified for the planned…
FG To Auction N150 Billion Bonds In November
The Debt Management Office has said the Federal Government will offer N150bn bonds for subscription this month. A circular by…
FG Inaugurates Housing Portal, Urges Nigerians To Apply
The Federal Government, on Friday, inaugurated a portal for its National Housing Programme and urged Nigerians to apply for affordable…
Eight PFAs Meet N5 Billion Capital Requirement
Chief Executive Officer, Pension Fund Operators Association of Nigeria, Oguche Agudah, said on Friday that eight out of the 20…
Daniel Ford International To Host An Evening With Wole Soyinka
Daniel Ford International a leading property search and acquisition consultancy, is hosting 1986 Nobel Prize winner, Professor Wole Soyinka, for a…
Musk Continues To Sell Shares After Twitter Poll
Tesla Inc Chief Executive Officer, Elon Musk, has sold an additional portion of his share in his company worth about…
N58k For Single-Phase, N109k For Three-Phase’ — FG Raises Prices Of Prepaid Meters
The federal government has increased the prices of both single-phase and three-phase prepaid electricity meters. The Nigerian Electricity Regulatory Commission…
Alibaba, JD Enjoy Record Singles Day Despite Tech Crackdown
Chinese ecommerce titan Alibaba enjoyed record sales during its Singles Day shopping extravaganza, giving a much-needed boost to the firm…