Visa, Kuda Partner To Issue Physical, Virtual Cards
Kuda Technologies says it has partnered Visa, a leading global digital payment company, to offer digital and physical Visa cards to its customers. A company statement said the move was…
Rivian Prices IPO At $78 A Share, Valuing Electric Vehicle Company At $66.5 Billion
Rivian Automotive, the electric vehicle maker backed by Amazon and Ford, priced its IPO on Tuesday at $78 a share. The deal values Rivian at $66.5 billion. Should underwriters exercise…
Facebook Plans To Remove Thousands Of Sensitive Ad-Targeting Options
Facebook said on Tuesday it plans to remove detailed ad-targeting options that refer to “sensitive” topics, such as ads based on interactions with content around race, health, religious practices, political…
TSMC, Sony To Invest $7 Billion For New Japanese Chip Plant
Taiwan Semiconductor Manufacturing Co (TSMC) said on Tuesday it would build a $7 billion chip plant in Japan with Sony Group, a move that was welcomed by the Japanese government.…
Revenue Formula: FG Proposes 3.13% Increase To LGAs
As the debate for the review of revenue allocation amongst the three tiers of government gain traction, the federal government has proposed 3.13 percent revenue increase to the local government.…
Senate Passes Electoral Act Amendment Bill, Approves Electronic Transmission, Direct Primary
The Senate on Tuesday approved the conference committee report on the Electoral Act Amendment Bill. The report was approved after the Senate Leader, Yahaya Abdullahi, moved a motion on Tuesday.…
Meta Launches Facebook Business Coach For SMBs In Africa
Meta, an American multinational technology company, said it will be launching Facebook Business Coach, an innovative and easily accessible way for owners of Small, Medium-sized Businesses (SMBs). This, it said,…
Cooking Gas Price Jumps By 240%, Marketers Halt Imports
Importers of Liquefied Petroleum Gas, popularly called cooking gas, have stopped importing the commodity. Investigations also show that the cost of the product increased by 240 per cent for 12.5kg,…
Former Carlyle Exec Chigwende’s $250-mn Africa Fund Gets Anchor LPs
Admaius Capital Partners, a new private equity firm floated by Marlon Chigwende, has roped in anchor Limited Partner (LP) commitments for its maiden fund. Chigwende was co-head of Carlyle’s Sub-Saharan…
Five Dealer Managers To Handle UBA Dollar-Denominated Bond
United Bank for Africa Plc has contracted five dealer managers to administer its five-year fixed rate benchmark Dollar- denominated regulation S/144A senior unsecured bond under its Global Medium Term Note…
Uber Posts Net Loss Of $2.4 Billion In Q3, But Delivery Business Outperforms
On Thursday, November 4, 2021, Uber announced its third-quarter earnings. In after-hours trading, shares rose 1% after a dip.A drop in the value of Uber’s investment holdings, especially Didi, led…
Twitter Plans To Allow Space User Access Live Audio Session
Social media giant, Twitter is improving on its functionality to allow Spaces users access live audio sessions through the web, without necessarily logging into the platform—a development that will allow those who are not on Twitter to listen in. In…
Africa Requires $2.8 Trillion Investment To Transition To Clean Energy By 2050 – PWC
Energy experts at PricewaterhouseCoopers (PwC) have said that African countries will need an estimated $2.8 trillion investment to transit from its current energy base and achieve the global net-zero emission…
Jaiz Bank Recorded N3.3 Billion Q3 Profit Before Tax
Jaiz Bank Plc has declared a N3.3 billion profit before tax of N3.3 billion in the third quarter of this year. This was contained in its financial results for the…
New Cybersecurity Format Threatens Hybrid Workplace
Latest Security report, titled: Out of Sight and Out of Mind, a comprehensive global study highlighting how the rise of hybrid work is changing user behaviour and creating new cybersecurity…
Google Virtual Accelerator Programme Now Open For Startups In Nigeria
Google has said application to its three-month virtual accelerator programme is now open to startups in Algeria, Botswana, Cameroon, Côte d’Ivoire, Egypt, Ethiopia, Ghana, Kenya, Morocco, Nigeria, Rwanda, Senegal, South…
Meta (Facebook) Plans To Open It’s First Retail Store
Meta is in discussion and may soon open its first retail store as it looks to break into the metaverse to allow the former Facebook showcase devices like virtual reality…
U.S. Charges Ukrainian And Russian In Major Ransomware Spree
The U.S. Justice Department charged a Ukraine national and a Russian in one of the worst ransomware attacks against American targets, court filings showed on Monday. The latest U.S. actions…
Nigeria: Over 40 Million Unbanked Adult To Enjoy Mobile Money
Estimated at over 40 million, Nigeria’s unbanked adult population who are mostly in the hard-to-reach rural communities are expected to have access to financial services, thanks to the awaiting mobile…
Robinhood Said Third Party Obtained Access To Customers Email
Robinhood Markets said on Monday a third party had obtained access to the email addresses of about five million of its customers. The fee-free broker said the full names of…
SoftBank Shares Rise Above 10%
SoftBank Group Corp shares jumped 10% on Tuesday, the first trading session after the Japanese conglomerate said it would spend up to 1 trillion yen ($8.8 billion) buying back almost…
Shares In Asia-Pacific Market Mixed; Bitcoin Touches Record High
Shares in Asia-Pacific were mixed in Monday trade following overnight gains on Wall Street that took the major indexes to record closing highs. Meanwhile, bitcoin touched a record high. Shares…
Nigeria Stock Market Investors Gain N643.1 Billion
The Nigerian stock market began the week on a positive note as investors gained N643.14bn at the end of trading on Monday. The All-Share Index of the Nigerian Exchange Limited…
CBN 100 For 100 PPP Maximum Is N5 Billion
The Central Bank of Nigeria has fixed the maximum loan amount that a participant in its newly introduced initiative, called ‘The 100 for 100 PPP – Policy on Production and…
Rainoil Acquires Majority Stake In Eterna Plc
Rainoil Limited, a leading player in the downstream oil and gas industry, has completed the acquisition of majority shares in Eterna Plc, a publicly listed oil and gas company. The…
Twitter Users Suggest Elon Musk Should Sell Part Of Tesla Stake To Pay Tax
Twitter users have voted that Elon Musk, the billionaire founder of Tesla Inc., should sell 10 percent of his stake in the electric car company to pay tax. Musk is…