Swedish “Buy Now Pay Later” Fintech Firm To Launch Physical Card
Swedish fintech firm Klarna is embedding its “buy now, pay later” service into a physical card in the U.K. The…
Category: Business
LG Q4 Profit Drops By 30 Per Cent
South Korea’s LG Display Co Ltd posted on Wednesday a 30% drop in quarterly operating profit on the year, hit…
African Airlines’ Passenger Traffic Has Fallen By 65% Due To Omicron- IATA
The International Air Transport Association says African airlines’ passenger traffic has fallen by 65% due to the increasing impact of…
Value Of PoS Transactions Hits N18.10trn In Five Years
The value of transactions through Point of Sale (PoS) terminals in the country rose to N18.10trillion between 2017 and 2021Breakdown…
Nigeria: Truck Owners Threaten To Sue NPA Over ‘Extortion’
Truck owners under the aegis of the Council of Maritime Transport Unions and Associations (COMTUA) have threatened to sue the…
Nigeria Record N74.51bn Oil Revenue Lost In December
A new monthly report of the Organization of the Petroleum Exporting Countries has shown a plunge in Nigeria’s crude oil…
Boulben Withdraws From Race To Head French Telecom Firm
Verizon Chief Revenue Officer Frank Boulben has written to the board of Orange withdrawing from the race to head the…
Stock Market Bearish Bet Boost Short Sellers Profit
Short sellers are reaping huge profits this year, as the stock market’s brutal bloodbath fuel their bearish bets. The short-selling…
Tesla Countersue Bank For Seeking Windfall
Tesla Inc on Monday fought back against JPMorgan Chase & Co over a disputed bond contract, countersuing the bank for…
Afreximbank Pan-African Payment And Settlement System (PAPSS) Explained
On the 28th of September, 2021, the Afreximbank in conjunction with the African Continental Free Trade Area (AfCFTA) secretariat officially…
Dangote Refinery And Fertiliser Projects To Kick Off Before September
Alhaji Aliko Dangote, President of Dangote Group, says the Dangote Refinery and Fertiliser projects will come on stream before the…
Non Fungible Token Marketplace “OpenSea” Lose Coin To Hackers
The world’s largest Non Fungible Token marketplace, OpenSea, has reportedly lost 332 Etherium to hackers on Monday. This amounts to…
Nigerian Breweries List Additional Shares
Additional 78,929,849 ordinary shares of 50 kobo each of Nigerian Breweries Plc (Nigerian Breweries or the Company) were today, Monday,…
Adiwale takes minority stake in West Africa drilling services company
Adiwale Partners, a private equity firm focused on Francophone West Africa, picked up a minority stake in Maintenance Climatisation Technique…
Toshiba Halts Operations At Chip Plant After Quake
Toshiba Corp said on Monday that it had suspended operations at a plant in Oita, southern Japan that makes semiconductors…
Nigeria: Eko Electricity Distribution Company Appoints New Chairman
The Eko Electricity Distribution Company (EKEDC) has announced the appointment of Oritsedere Otubu as its new Chairman, to consolidate on…
QED Investors Hires Two Investment Professionals To Boost Africa Plans
QED an investment firm based in Alexandra, Virginia in the United States of America announced that it has recruited two…
Nigeria Stock Exchange Investors Gain N840bn In A Week
Investors in the Nigerian stock market saw the worth of their shares rise by N840bn last week as 47 firms…
Import And Export Operations Requires E-Invoice- CBN
The Central Bank of Nigeria has said that all import and export operations will require the submission of an electronic…
Nigeria:OMLs Awarded To Addax Petroleum Has Been Revoked
The Federal Government has revoked oil mining licences awarded to Chinese firm, Addax Petroleum, for the second time in less…
Nigerian Tech Startup, Touch And Pay, Joins The W22 Y Combinator Accelerator Programme
Touch and Pay (TAP), a cowry card payment system, has now been listed in the W22 Y Combinator batch, bringing…
Indonesia Non-Government Islamic Organizations Issue Warning Against Crypto Use
The Tarjih Council and the Central Executive Tajdid of Muhammadiyah, one of the largest non-government Islamic organizations in Indonesia, issued…
Amazon Set To Open It’s First Apparel Store
The first Amazon Style store, located in the Los Angeles suburb of Glendale, Calif., will open its doors later this…
10-Year U.S. Treasury Yield Rise Above 1.83 Percent
The sudden spike in the 10-year U.S. Treasury yield eased on Thursday morning, with it rising slightly to hover above…
Norway “Telenor” Partners With Amazon To Modernize Its Telecoms Systems
Norway’s Telenor said on Thursday it had partnered with Amazon Web Services (AWS) to speed up the modernisation of its…
Nigeria: FEC Approves N56.2 Billion For Road Construction
The federal executive council (FEC) has approved contracts worth N56.2 billion for the construction of roads and a car park…
Nigerian Food-Tech Startup “Orda”Raises $1m In Pre Seed Round
Orda, a Nigerian food-tech startup, says it has raised a pre-seed round capital of $1.1 million to expand its operations…
Nigeria: Tinubu, Alpha Beta Ex-MD Considers Out-Of-Court Settlement
A former Managing Director of Alpha Beta Consulting, Dapo Apara, the All Progressives Congress leader, Bola Tinubu; and the current…
OpenSea Monthly Trading Volume Exceeds $3.5 Billion
The world’s largest Non-Fungible token (NFT) marketplace, OpenSea, has seen its monthly trade volume in Ether (ETH) exceed $3.5 billion…