Alphabets Approves Plan For 20-For-1 Stock Split
As part of the tech company’s quarterly earnings statement on Tuesday, Alphabet’s (parent company of Google) board approved plans for…
Category: Business
Airtel Africa appoints Emeka Oparah as vice-president, corporate communications
Airtel Africa Plc has appointed Emeka Oparah, a communications professional, as vice-president, corporate communications. Airtel disclosed this in a statement…
Chip Shortage: Volvo Sales Drop By 20.2 Percent
Volvo Car Group’s sales fell 20.2% in January under pressure from the global component shortage, though demand for its products…
Panasonic Experience Rise In Operating Cost
Japan’s Panasonic on Wednesday posted a larger-than-expected 44% slide in third-quarter operating profit, hit hard by rising costs for raw…
Nigerian Stock Exchange Market Gains 1.04 Per Cent
The NGX closed on a positive note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) appreciated by 104…
Nigerian All Share Index Rose By 9% In January
The Nigerian All-Share Index posted a gain of 9.1% in the month of January, its best January return in about…
Nigeria: Over 15,000 Graduates Applied For Oyo State Traffic Control Job
No fewer than 15, 000 university graduates and other youths have applied for the Oyo Road Traffic Management Agency (OYRTMA)…
Citrix System Get Taken Into Private In $16.5 Bln Deal
Software company Citrix Systems said on Monday it would be taken private for $16.5 billion including debt by affiliates of…
Sony To Acquire Videogame Developer ‘Bungie’ In $3.6 Bln Deal
Sony Interactive Entertainment will acquire Bungie Inc, the original creator of the “Halo” videogame and developer of “Destiny”, in a…
Nigeria App For US Stocks, Bamboo Raises $15million Series A funding
Bamboo, a Nigerian brokerage app that lets Africans buy and trade US stocks in real-time has secured a $15 million Series…
CBN Reduces Charges On Electronic Banking Transactions
The Central Bank of Nigeria (CBN) has reduced ATM withdrawal charges, inter-bank transfer fees as it issues a downward review…
Credit Suisse Faces $45.5 Million Claim – Court
Swiss prosecutors are pursuing around 42.4 million Swiss francs ($45.5 million) in compensation from Credit Suisse (CSGN.S) in a money-laundering…
Amazon, AliExpress, Twitter, Zoom To Pay Tax On Profit Or Income Made In Nigeria
The federal government says non-resident companies (NRC) are mandated to remit 6% of turnover from digital services provided to Nigerian…
Eiffel Partners With Finergreen For African Renewable Energy Deals
A new initiative will soon be launched in Africa to increase financing for renewable energy. It is a mechanism that…
Goodwell Leads Returning And New Investors For Copia’s Series C
Goodwell Investments has led a $50m Series C equity round in Copia Global, a B2C e-commerce platform with a distribution…
U.S. Treasury Secretary Janet Yellen To Participate Remotely In February G20 Meeting
U.S. Treasury Secretary Janet Yellen will participate in a February meeting of the G20 remotely because of a rise in…
Macau Legend Shares Fall Over 20% After CEO’s Arrest
Macau Legend reported Chan had been arrested in a statement to the Hong Kong stock exchange on Sunday, adding it…
Pearson Buys Certification Company Credly
Education group Pearson has agreed to buy the certification company Credly to expand its offering to businesses looking to train…
Employee Of Deutsche Bank’s “Postbank” To Stage Strike
Some employees of Deutsche Bank’s Postbank will stage a strike on Monday to raise pressure on management to meet their…
FG’s Marginal Oil-Field Awards: 33 Successful Bidders Lose
Govt rakes in N174bn as other awardees make full, part payments A total of 128 awardees that emerged as successful…
Chevron Report Fourth Quarter Profit
Chevron Corp on Friday reported a fourth quarter profit, which missed estimates by analysts on weaker than expected oil and…
Elon Musk’s Net Worth Dropped By $25.1 Billion
A massive sell-off of Tesla shares slashed Elon Musk’s net worth by $25.1 billion, one of the biggest declines ever…
Google To Invest $1 Billion In Airtel
Alphabet Inc’s Google will invest up to $1 billion in Bharti Airtel in a move that could help bolster the…
Unilever Nigeria Generated N52.21 Billion Revenue In 12-Months Ended December 2021
Unilever Nigeria Plc reported its Q4 12-months unaudited Annual Financial Statement, revealing a 35.07% growth in revenue from N52.21 billion…
Facebook’s Cryptocurrency Venture To Wind Down And Sell Tech Asset
Meta Platforms Inc’s digital currency venture Diem Association is winding down and selling its technology to California-based Silvergate Capital Corp for…
Market Volatility Cause Wetransfer Owner To Cancel IPO
The company that owns the WeTransfer file service is cancelling its initial public offering (IPO), Europe’s first prominent tech offering…
Apple Smartphone Market Hit High Record In 2021 Q4
Apple’s smartphone market share in China hit a record high in the fourth quarter of 2021, with the iPhone maker…
Tesla Won’t Release Any New Model This Year- Elon Musk
Tesla CEO Elon Musk said during the company’s fourth-quarter earnings call that the company won’t release any new models this year,…
Uber Launch UberMoto In Ibadan, Nigeria
Uber, a mobility service provider, has launched UberMoto, a two-wheeler alternative and smart mobility option, in Ibadan. According to the…
Spanish Bank Santander Set To Launch “Buy Now Pay Later” Service
Spanish bank Santander is launching its own “buy now, pay later” service in Europe, in a bid to fend off…