Instagram Announce Pausing Of Instagram Kids
Instagram announced that it is pausing its planned version of the social media platform geared towards children under the age of 13 called “Instagram Kids.” The company began the project…
Bank for International Settlements Says Digital Currencies Will Reduce The Cost Of Cross-Border Payment
The Bank for International Settlements has said digital currencies will reduce the cost of cross-border payments. BIS said this in a report titled ‘Inthanon-LionRock to mBridge: Building a multi CBDC…
Pan-African Payment and Settlement System Set To Boost Intra-African Trade
African Export-Import Bank (Afreximbank) and the African Continental Free Trade Area (AfCFTA) Secretariat have announced the commencement of the Pan-African Payment and Settlement System (PAPSS), a financial market infrastructure to…
Honor Smartphone Notched A 15% Market Share In China
Honor, the smartphone brand Huawei spun off last year, is beginning to regain share in China’s fiercely competitive mobile phone market. Honor notched a 15% market share in China in…
Critical Chip Machine Maker ASML Predicts Sales Boom To Last Over The Next Decade
ASML has raised its long-term outlook following a surge in demand for the semiconductors that its machines help to make. The Dutch company, which makes the lithography equipment that’s used…
Knowledge Hub 365 Now Offering E-courses In Nigeria
Knowledge Hub 365, an enterprise training portal, has begun offering e-courses in Nigeria. In a statement on Tuesday, the company said it offered over 80,000 courses from the biggest e-learning…
Heifer Nigeria Appoint New Country Director
Heifer International has appointed Rufus Idris as its new Country Director for its Nigeria operations. In a statement issued by the firm, Senior Vice President for Africa Programs at Heifer…
Mortgage Application Volume Fall By 1.1%
Higher interest rates took some recent wind out of the sails in the mortgage market. After gains the previous week, total mortgage application volume fell 1.1% last week from the…
House of Representatives Approves N4.89tn New Borrowings
The House of Representatives has passed the 2022–2024 Medium Term Expenditure Framework and Fiscal Strategy Paper as presented by the President, Major General Muhammadu Buhari (retd.). The passage followed consideration…
Chinese Automaker Geely Holding Dive Into Smartphone Business
Chinese automaker Geely Holding is jumping into the smartphone business after its founder set up a new company. Hubei Xingji Shidai Technology Co. Ltd, founded by Eric Li, signed a…
Naira Exchange At 414.83 To $1 Officially
The exchange rate between the naira and the US dollar closed at N414.83/$1, at the official Investors and Exporters window. Naira appreciated marginally against the US dollar on Monday, to…
E-Naira Website Goes Live Ahead Of October 1st
The Central Bank of Nigeria’s eNaira website has gone live ahead of October 1 official launch. According to the website, www.enaira.com, “eNaira is a CB -issued digital currency that provides…
SEC Considers Regulation Of Fintech Operations In The Capital Market
The Securities and Exchange Commission, SEC, is considering the regulation of fintech operations in the capital market in order to protect investors’ interest. SEC’s Director General, Mr Lamido Yugudu, disclosed…
Oil Prices Climbed To The Highest Level In Three Years
Oil prices climbed, Tuesday, to the highest level in three years on mounting expectations that the global natural gas crisis will spill over into other commodities at the same time…
Global Chip Shortage Is For A While Says AMD Ceo
The global chip shortage will become less severe in the second half of 2022, AMD CEO Lisa Su said on Monday, though she warned that the first half of the…
Asia-Pacific Stocks Mixed After China’s GDP Forecasts
Stocks in Asia-Pacific were mixed in Tuesday trade, as various firms downgraded China’s GDP forecasts. Goldman Sachs on Tuesday slashed its China GDP growth expectations to 7.8%, down from the…
E-Naira Will Aid Revenue Collection: CBN
The Central Bank of Nigeria has said the e-Naira will provide a secure and cheaper Diaspora remittance option, this was said on its newly launched website for the eNaira. According…
Nigerian: Investors Record N51.03 Billion Loss
Stock market activities on Monday declined as trading volume and value of shares dropped by 77.99 per cent and 73.49 per cent respectively, with investors losing N51.03bn as trading ended.…
Chartered Institute of Stockbrokers To Hold Session On Marketing Magic: The Art Of Marketing In Digital Age For It’s Member
The Chartered Institute of Stockbrokers has said it plans to hold a capacity building session on modern techniques of marketing financial products and services for its members. A statement from…
Nigeria: SuperTv Launch Zero Data Streaming App
The SuperTV has launched an online movie streaming terrain with matchless Zero Data as Nigeria marks 61st independence. A statement obtained on Sunday said that the Chief Executive Officer, SuperTV,…
Uphold Quality Standards:Standard Organisation Of Nigeria
The Standard Organisation of Nigeria has asked electrical dealers to uphold the quality standards for them to benefit from the African Continental Free Trade Agreement. The Director-General, Farouk Salim, gave…
Nigeria Need Over $400bn To Fund Its Critical Energy Needs
The President of the Federal Republic of Nigeria, Muhammadu Buhari (Retd.), has said that Nigeria needs over $400bn to fund its critical energy needs. Buhari said that $300bn would be…
China Cryptocurrency Exchange Huobi Cease New Account Opening
Huobi, one of the world’s largest cryptocurrency exchanges, said it has ceased new account openings for mainland Chinese users after Beijing renewed a crackdown on virtual currencies. The People’s Bank…
Singapore’s Logistics Startup Ninja Van Is The Newest Unicorn
Ninja Van raised $578 million from investors including Chinese e-commerce giant Alibaba Group, making the logistics startup Singapore’s newest unicorn. Besides Alibaba, existing investors B Capital Group—the venture capital firm…
Elon Musk Praise China For The Second Time In A Month
Elon Musk reassured Tesla’s commitment to China, saying the automaker will continue to expand its investments in the country. Musk’s comments came in a pre-recorded question-and-answer style stream at the…
African Legal Support Facility Celebrates Achievements As It Begins New 14-Year Mandate
The African Legal Support Facility, which is an initiative created to help governments avert losses from business deals, saved African countries $4bn in the last three years. The African Development…
Google Set To Reduce Take Rate
Google is reducing the amount of revenue it keeps when customers buy software from other vendors on its cloud marketplace, as the top tech companies face increasing pressure to lower…
The Largest Container Ship In The World Arrive In UK
A container ship said to be the largest in the world has arrived in the UK on its maiden voyage. According to inews, the Ever Ace, built in 2020 for…
Inflows From Foreign Portfolio Investors Dropped By N37.85bn: Nigerian Exchange Limited
The Nigerian Exchange Limited, formerly Nigerian Stock Exchange, revealed in its latest report that year-to-date inflows from foreign portfolio investors into the equity market dropped by N37.85bn, just as outflows…
capital Market Raised N176bn In Four Years: The Securities and Exchange Commission
The Securities and Exchange Commission has said that the capital market raised N176bn in four years and has the potential to bridge the infrastructure gap in the country. A statement…