Nigeria Cryptocurrency Market Experience Over 1000% Growth In One Year
The cryptocurrency market in Nigeria and other African countries have grown by 1200 per cent in one year. This was disclosed in a report by Chainalysis on Tuesday. According to…
Nigeria’s Inflation slides For Five Consecutive Month
The Consumer Price Index which measures inflation rate fell to 17.01 per cent in August, the National Bureau of Statistics said on Wednesday. According to the latest CPI report, this…
US Inflation Data Shows a Mixed Treasury Yeild
United State Treasury yields were mixed on Wednesday morning, following data which showed lower-than-expected inflation. The yield on the benchmark 10-year Treasury note rose less than a basis point to…
Nigeria’s Attorney General Dragged To Court Over Non Remittance Of Stamp Duties
The Attorneys-General of the 36 states of the federation have dragged the Attorney-General of the Federation, Abubakar Malami, before the Supreme Court over the failure of the Federal Government to…
Intra-African Trade Slows, Raises Concern For Stakeholders
Stakeholders have highlighted the underlying issues hampering the growth of intra-African trade despite the ratification of the African Continental Free Trade Agreement by 39 out of 54 countries on the…
S&P Futures Bounce After Four Days Of Losses, Dow Futures Gain 170 Points
United State stock index futures pointed to a market rebound on Friday, after the S&P 500 and Dow Jones Industrial average registered a fourth-straight day of losses on Thursday. Futures…
United Bank Of Africa Announced It’s Half Year Financial Result
Africa’s leading financial institution, United Bank for Africa (UBA) Plc, has announced its audited half year financial results for the half year ended June 30, 2021, showing impressive growth across…
Nigeria: MTN And Flutterwave In Mobile Money Partnership
MTN has announced a mobile money partnership with Africa’s leading payments technology company, Flutterwave. The partnership will allow businesses integrating Flutterwave in Cameroon, Côte d’Ivoire, Rwanda, Uganda and Zambia to…
Affirm Holdings, Toyota Motor And Others Are Making Moves In Pre-market
Affirm Holdings (AFRM) – Affirm soared 22.4% in the premarket as the “buy now, pay later” company’s revenue easily topped estimates. Active merchant numbers more than quintupled and Affirm issued…
Nigeria: Apapa Customs Command Generates 87.8 Billion Naira In August
Apapa Comptroller, Malanta Yusuf, disclosed at a media briefing in Lagos, noted that the remarkable feat was the first in the history of the command, he added that the command’s…
E-Naira To Strengthen The Banking System- Central Bank Of Nigeria
The Central Bank of Nigeria has said e-Naira will strengthen the banking system and make it easier to comply with existing laws such as anti-money laundering, customer protection against fraud…
Nigeria: MTN Renews Unified Access Service Licence And Spectrum Licence
The Nigerian Communications Commission has renewed the Unified Access Service licence and spectrum licence for wireless local loop in the 900MHz and 1800MHz band of MTN Nigeria. MTN made this…
General Motor Doubles Chip Shortage Impact To 200,000 Vehicles In Second Half
General Motors’ vehicle sales and production will be hit harder by the global chip shortage during the second half of the year than previously expected, this shortage will cut it’s…
Amazon Hourly Employees Set To Enjoy 100% Tuition Fee
The e-commerce giant is following the lead of other large United state companies who are dangling perks like education benefits or more pay to woo workers in a tight job…
Chinese Electric Car Start Up Xpeng Aim For Robots And Flying Car
For the foreseeable future, Chinese electric car start-up XPeng is trying to boost its sales in the world’s largest auto market, It is also exploring areas including robotics and flying…
Nigeria’s 36 States Generated 5.3 Trillion Naira Revenue And Got 10.19 Trillion FAAC Allocation In 5 Years
The 36 states in Nigeria earned N5.30tn as internally generated revenue from 2016 to 2020. The states got N10.19tn from the Federation Accounts Allocation Committee within the time under review…
Nigerian President Halts The Payment Of $418 Million To Paris Club Refund
President Muhammadu Buhari has placed the controversial payment of $418 million to consultants over the Paris Club refund on hold. He has instructed the Ministry of Finance on Thursday to…
US Jobless Claim Falls To 310,000
Data from the Labor Department on Thursday showed the number of jobless claims filed the week ended Sept. 4 fell to 310,000, the lowest since the coronavirus pandemic took hold.…
Nigeria: Investors Wealth Continues To Dip
Following sustained sell-off in the shares of most highly capitalised stocks, the Nigeria Exchange Limited (NGX), extended losses to three consecutive trading sessions yesterday, as investors’ wealth depreciated further by…
Chinese Firms In Partnership To Deliver Self Driving Cargo Vans
The strategic partnership between Chinese autonomous driving start-up WeRide, automaker Jiangling Motors (JMC) a top carmaker and delivery firm ZTO Express, launch a self-driving cargo van which is aim to…
La Liga Offers NFTs To All It’s Players
Spainish soccer league, La Liga on Thursday stated that it will offer NFTs to all its players, marking the latest move into cryptocurrencies by a major sports organization.
Fear Over Gaming Restrictions Causes Loss Of Share Price
Shares of Tencent and Netease plunged on Thursday after Chinese regulators called them and other gaming companies for an interview, reminding them of restrictions on game time for children. Tencent…
PayPal And Japanese Credit Specialist Paidy In Talks
US online payment giant PayPal is set to buy the online Japanese credit specialist Paidy for $2.7 billion, the US company said in a statement Tuesday, a new sign of…
Service Fees Fetch Ten Nigeria Banks 266 Billion Naira
Ten Nigerian banks made N265.96bn from account maintenance and electronic banking fees in 2020. This is as shown by analysing data from the annual reports of the 10 banks. The…
Technology Startups And Others In Nigeria Raise $1.6bn Funding
Africa’s technology ecosystem has raised $1.6bn in 2021 so far, compared to $701.5m in 2020, according to a report by Disrupt Africa. The report was titled ‘African tech startups funding…
Nigeria Ranks Behind In Business Process Outsourcing
Nigeria currently controls $285.8 million of the combined African domestic and international global business services (GBS) sub-sector estimated to be $15.1 billion and expected to grow to $19.8 billion by…
Nigeria Exchange Lists Potentials As Green Bonds Market Hits $136m
The value of Nigeria’s green bonds market has hit $136 million within three years with four issuances recorded since the debut issuance by the Federal Government. In 2017, the NGX…
Nigeria Exchange Group’s structure Get ASHON Belief
The Association of Securities Dealing Houses of Nigeria has restated its confidence in the leadership and structure of the Nigerian Exchange Group Plc as the exchange plans its first annual…
Mortgage Rate Stagnancy Leads To Lowest Fall in Two Months
Mortgage rates appear to be stuck in a holding pattern, giving borrowers no particular incentive to act, especially on refinances. Total mortgage application volume fell 1.9% last week compared with…
Ghana: SIM Card Registration To Resume In October
Ghana’s Minister of Communications and Digitalisation, Ursula Owusu-Ekuful, has announced that the delayed national SIM card re-registration exercise will begin on 1 October and run until 31 March 2022, after…