Naira Exchanges At N417.51 To $1 Officially
The naira continued its downward trend as the dollar was sold for N417.51 at the official market on Thursday. This…
Category: Business
Delivery Hero CEO Apologizes To Investors After Share Drops By 30%
The boss of European food delivery firm Delivery Hero has apologized to investors after shares of the company plummeted more…
MTN Pays $253.86 Million Balance To NCC For 5G Licence
MTN Nigeria has paid the remaining $253.86 million to complete the $273.6 million fifth generation (5G) licence fee to the…
Tesla To Recall 578,607 Vehicles In United States
Electric car maker Tesla Inc (TSLA.O) is recalling 578,607 vehicles in the United States because pedestrians may not be able…
US Appeal Court Permits Nigeria To Request Documents From P&ID Stakeholders
A US court of appeals for the second circuit has overturned orders which blocked Nigeria from obtaining documents to support…
Facebook Asks Nigerian Customers To Update Records By Feb 25
Meta, the parent company of Facebook, says Nigerian customers should update their value-added tax (VAT) identification numbers by February 25.…
Coca-Cola Beats Quarterly Revenue Estimates
Coca-Cola Co reported quarterly revenue on Thursday that beat analysts’ estimates, helped by higher prices for its soft drinks and…
CBN N50 Billion COVID-19 Loan: Nigerians React To NIRSAL’s Call For Repayment
The management of NIRSAL Microfinance Bank has requested for the payback of COVID-19 loans secured by many entrepreneurs across Nigeria…
Cristiano Ronaldo Is Now Making £1.7m Per Instagram Post
Superstar footballer, Cristiano Ronaldo , with over 400 million followers on Instagram, is now the most followed person on the…
Nigerian Insurers Association Paid Over #11 Billion For 2020 Loss Claim
The Nigerian Insurers Association (NIA) says insurers paid over N11 billion as claims for losses suffered during the 2020 #EndSARS…
Maxam Ghana Agrees To Pay $1Million Fine Imposed On The Company
Maxam Ghana Limited has agreed to pay the US$1 million fine imposed on the company, as well as comply with…
Kenya Treasury Drops Plan To Inject Sh1 Billion Into Smes
The Treasury has dropped plans to inject Sh1 billion into President Uhuru Kenyatta’s plan to derisk access to credit for…
Big Banks Seen Swallowing Smaller Loss-Making Rivals
Ratings agency Moody’s says small Kenyan banks suffering losses or facing insolvency are likely to become targets of acquisitions by…
Arla Foods And Partner Tolaram Group Agree To Build Dairy Farm In Kaduna, Nigeria
As part of efforts aimed at boosting local milk production, Arla Foods, makers of Dano Milk, says it has signed…
Chip Shortage: Toyota Cuts Productio
Toyota Motor Corp on Wednesday cut its annual production target by half a million more vehicles as a chip shortage…
Nigerian Stock Exchange Will Set Up Technology Board To Attract Start Up
The Nigerian Exchange Limited (NGX) says it will set up a technology board to attract more listing from the tech…
Ethiopia Shields M-Pesa From Licence Freeze
The suspension of bidding for a second telecoms operator permit in Ethiopia will not derail the introduction M-Pesa licence in…
CIIN Assures NCRIB Of Partnership On Driving Compulsory Insurances
The Chartered Insurance Institute of Nigeria (CIIN) has assured the Nigerian Council of Registered Insurance Brokers (NCRIB) of its collaboration…
Affirma And StonePine Back Egypt’s Nerhadou International
Affirma Capital and StonePine ACE Partners Limited have entered an agreement to jointly invest $20 million for a significant minority…
Brimore’s Series A Backed By New And Returning Investors
The Egyptian social e-commerce market will be worth over $14.8 billion by 2024. The opportunity in the market can be…
Ezdehar’s Second Fund Blasts Past Goals For First Close
TLcom Capital, the Africa-focused venture capital firm known to have made bets on Andela and Twiga, is raising $150 million…
Apple To Unveil Low Cost 5G IPhone March
Apple Inc is targeting a date on or near March 8 to unveil a low-cost 5G iPhone and an updated…
Mark Zuckerberg Lost $29 Billion After Facebook Users Reduce For The First Time
Mark Zuckerberg lost $29 billion in net worth on Thursday as Meta Platforms Inc’s stock marked a record one-day plunge,…
Meta Loses Over $200 Billion In Value
Facebook sees first-ever drop in daily active users as owner Meta takes $200bn share hit Facebook’s parent firm Meta on…
European Market Experience Little Change After Opening Bell
Europe markets opened flat on Friday as investors digested key updates from both the Bank of England and the European…
Full List Of CBN 100 For 100 Policy Beneficiary
The Central Bank of Nigeria (CBN) has released the list of 28 companies that took home N23.2 billion from the…
Indian Billionaire Gautam Adani Becomes Asia’s Richest Person
Indian businessman Gautam Adani has become the richest Asian, worth $90.1 billion, according to Forbes’ Real Time Billionaire calculations on…
Nigeria: Marketsquare Replaces Shoprite At Maryland Mall
Purplemaryland has said Marketsquare, a grocery retailer, will open its outlet at the mall following the exit of Shoprite. According…
Tesla To Recall Over 817,000 Vehicles In US Due To Seat Beat Alert
Tesla Inc (TSLA.O) is recalling more than 817,000 vehicles in the United States because an audible alert may not activate…