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Business
Dubai’s Global Ventures Close To Raising $100 Mln Target For Second Fund
Dubai-based Global Ventures is close to meeting a $100 million target for its new fund after attracting investments…
Alitheia IDF Hits Target With Gender-Lens Fund’s Final Close
The management of Alitheia IDF (AIF), Africa’s women-led and women-focused private equity fund. It announced the…
South African Court Asks Shell To Stop Seismic Survey
South Africa court has ordered Shell to halt a seismic campaign off the Wild Coast, in the nation’s Eastern Cape…
Apple Makes History, Hits $3trn Market Capitalisation
Apple Inc. yesterday became the first company with a $3 trillion stock market value. Lifted by investors’…
Norrenberger Enters Pension And Insurance Markets With Acquisition Of 100% Stake…
Norrenberger Advisory Partners Limited has acquired a 100 per cent equity interest in International Energy…
With 200 Deals, Nigeria Tops List Of Beneficiaries Of $5bn Investments
Nigeria tops the list of African countries that benefitted from the $5 billion raised by Africa’s technology…
The Evergrande Debt Crisis, Explained
Roselyn Hsueh, associate professor of political science at the College of Liberal Arts, talks about the…
Private Sector To Provide N298.3tr Needed For 2021 –2025 NDP
The private sector is expected to pool N298.3 trillion (89.7 per cent) of the 2021-2025 National Plan’s total…
Amid Currency Crisis, Nigeria Reserves Gain $5 Billion In 2021
Amid currency crisis and fluctuation in oil prices. The country’s gross foreign reserves dipped by nearly $600…
Spain’s Annual Inflation Jumps To 6.7% At End Of 2021, Highest Since 1989
Spanish consumer prices in December rose 6.7% from the same month last year. The fastest annual pace of inflation…
Defensives And Tech Lend Support To STOXX
On the last full trading day of the year in Europe, investors are opting for a defensive allocation with sectors…
IPhone 14 Series To Ditch Physical SIM Card Slot In Favour Of ESIM – Report
Apple is preparing to bring its new iPhone models without a physical SIM card slot starting September 2022,…
Seven Companies Delist, Three Lists On NGX In 2021
A total of seven companies delisted and three were listed on the Nigerian Exchange Limited (NGX) in 2021 amid…
Riot Games Agrees To Pay $100 Mln To Settle Gender Discrimination Lawsuit
Tencent Holdings' Riot Games on Monday said it has agreed to pay $100 million to settle a 2018 gender-based…
Nigeria’s Solar Industry Growing, Says US-Nased Firm
A United States-based solar product design and marketing company, SolAps, has said the Nigerian solar power…
Swissmedic Approves J&J COVID-19 Vaccine Booster
Swiss drugs regulator Swissmedic said on Monday it approved booster doses for Johnson & Johnson's COVID-19…
Elon Musk Sells Another $1bn Worth Of Shares In Tesla To Clear Tax Bill
Elon Musk, the billionaire founder of Tesla Inc., has sold another 934,090 shares in the electric vehicle…
Turkish Central Bank Says To Support Conversion Of Gold Deposits To Lira
The Turkish Central Bank said on Wednesday it had decided to provide an incentive to those who convert their gold…
Rivian Delays Deliveries Of Pickup, SUV With Big Battery Packs To 2023
Rivian Automotive will delay deliveries of its electric pickup truck and sports utility vehicle with big battery…
Nigeria Govt Should Support Businesses To Revive Economy’
The Group Managing Director/Chief Executive Officer, CFL Group, Mr Lai Omotola, has said it is important for the…
Austria’s S&T Hires Deloitte For External Audit After Activist Investor…
Austrian IT company S&T has commissioned Deloitte to conduct an external audit following allegations made by…
Starboard Acquires Stake Worth $800 Mln In GoDaddy
Activist investor Starboard Value LP has purchased a 6.5% stake in web services firm GoDaddy worth about $800…
Didi Bars Employees From Selling Shares Indefinitely
Chinese ride-hailing giant Didi Global has barred current and former employees from
Employees will not be able to…
Japan’s Shionogi Starts Phase III Clinical Trial In Vietnam For Covid-19…
Japan's Shionogi & Co. Ltd announced on Monday that phase III of its clinical trial for a new COVID-19…
MTN Nigeria Launches RCS Business Messaging With Google, Dotgo
MTN Nigeria is all set to launch RCS Business Messaging (RBM) Services in partnership with Google and Dotgo. Dotgo…
TikTok Surpasses Google To Become The Most Visited Site In 2021
According to Cloudflare’s 2021 Year in Review internet traffic statistics, popular video-sharing app TikTok has…
Mobile Gaming Company, i3 Interactive Inc, Records Growth Of 45,000% In A Trading…
Canadian mobile gaming company, i3 Interactive Inc, recorded over 45,000% growth in share price after yesterday’s…
Britain Announces £1 Billion Aid To Omicron Hit Businesses
Britain announced on Tuesday 1 billion pounds ($1.3 billion) of extra support for businesses hit hardest by the…
Russia Fines Twitter For Not Deleting Banned Content, Says Court
A Moscow court on Thursday said it had fined Twitter 3million roubles for failing to delete content Russia deems…
Petrol Subsidy Rises, Hits N1.16tn In 11 Months
The amount spent on subsidising Premium Motor Spirit, popularly called petrol, rose to N1.16tn between January and…