Real Time Financial News Website
The Foreign, Commonwealth, and Development Office has partnered with the Lagos State Employment Trust Fund to launch a program targeted at enabling a new and inclusive pathway to career-oriented learning…
Broadband penetration in Nigeria increased by 1.21 percent from July to August. Data from the Nigerian Communications Commission (NCC) showed. Despite this increase, there’s been a consistent decline from January…
Amazon has opened its first general store in the UK, selling items including books, technology and toys, as the online retail behemoth continues its expansion in physical retail. The US…
The Nigerian Communications Commission has disqualified anyone below the age of 18 from registering and owning a Subscriber Identity Module in Nigeria. This is according to the draft copy of…
Uber is trying to make it less of a hassle to get a ride home from the airport after your plane lands. The company announced Wednesday that customers can now…
The stock market of the Nigerian Exchange Limited (NGX) yesterday ended trading activities for the second day of the week on a positive note achieving a gain of N247billion in…
By all accounts, telehealth has transformed healthcare delivery over the past 18 months as droves of patients have adopted the technology as a safe, immediate and convenient way to access…
Google plans to invest $1 billion in Africa over the next five years to ensure access to fast and cheaper internet and will back startups to support the continent’s digital…
Interstellar Inc. has partnered with Interswitch Group to develop blockchain-powered infrastructure services and solutions. Both firms have been working over the last two years on blockchain technology research. As part…
Airtel Africa Plc has announced the resumption of duties of its new Managing Director and Chief Executive Officer, Olusegun Ogunsanya, as of October 1. With the assumption of office, he…
The National Pension Commission has said it is working with the Economic and Financial Crimes Commission to eradicate fraud in the pension sector. The Director-General, PenCom, Aisha Dahir-Umar, spoke while…
The company that makes Nokia-branded phones on Wednesday unveiled its first tablet, the Nokia T20, in a challenge to Apple’s iPad. HMD Global said the tablet, which runs on Google’s…
The Federal Government has approved the sum of N75,000 as a stipend per semester for students undergoing degree programmes in Education in public universities in Nigeria. Also, the Nigeria Certificate…
U.S. hedge fund Coatue Management is planning to set up a new office in Europe as part of an effort to capitalize on the continent’s growing tech industry. “We currently…
Oil prices climbed above $81 on Monday as the Organisation of Petroleum Exporting Countries and its allies announced that it would maintain its steady output increase by 400,000 barrels per…
BluePeak Private Capital, an alternative investment firm with a strong focus on Africa, announced that it has raised capital of more than US$100 million for the initial closing of its…
Cryptocurrency exchange, Yellow Card, has announced a $15M Series A, the largest ever by an African cryptocurrency exchange, to ramp up hiring and continue its expansion across the continent. The…
Private equity firm Development Partners International (DPI) said on Thursday it has sold about a third of its stake in African quick-service restaurant group Food Concepts to African Capital Alliance…
Andela, a startup that connects African software engineering talent to global companies has raised $200 million from investors led by SoftBank Group Corp., a Japanese tech investor. The seven-year-old, New-York…
In a historic first, Russia has launched an actor and a film director into space to make a feature film in orbit — a project the nation’s space chief has…
The Lagos-Ibadan rail line will employ 1,000 additional workers at the cost of N567.45m per annum. The Managing Director, Nigerian Railway Corporation, Mr Fidet Okhiria, disclosed this in Lagos when…
A San Francisco federal court decided that Tesla must pay a former worker, Owen Diaz, around $137 million after he endured racist abuse working for the company, his attorneys Said.…
Airtel Africa has announced that its subsidiary, Airtel Networks Ltd. (Airtel Nigeria), has initiated a process to buy back 8.27 per cent minority shareholdings at N55.81 per share. The Group…
Unfavorable exchange rate movement exerted pressure on cost, leading to a rise in purchase price inflation. Stanbic IBTC Bank Nigeria disclosed in its Purchasing Managers Index report for the third…
The global economy lost billions of dollars as Facebook, WhatsApp, and Instagram went down at about 4.42pm on Monday. According to NetBlocks, which tracks internet outages and their impact, the…
Nigeria spent N1.47tn on debt servicing payments in the first half of 2021, data obtained from the Debt Management Office have shown. In the first quarter of the year, the…
On the heels of Evergrande’s debt crisis, there are increasing signs of stress in China’s property market after one developer failed to make a bond payment on Tuesday. Ratings agencies…
Indebted developer Evergrande is set to sell part of its stake in its property services unit, the second asset sale in as many weeks as the liquidity-squeezed property giant scrambles…
British financial technology firm Monzo has withdrawn its application for a U.S. banking license following discussions with regulators at the Office of the Comptroller of the Currency. The London-headquartered mobile…
Jaiz Bank Plc has projected a net operating income of N4.68bn in the fourth quarter of the year 2021. An earnings forecast document signed by its Executive Director of services…