VoxCroft Analytics Raises Series A From Knife Capital
VoxCroft Analytics, an open-source intelligence and risk analytics venture with operations in South Africa and the US, said Thursday it…
Category: Business
Chinese Internet Giant Tencent Invests In Fintech OZOW’s Series B
According to a 2019 report by Deloitte, about 80% of South Africans have a bank account but only 24% of…
Trade Deficit Declined To $340m In July – CBN
Nigeria’s trade deficit declined to $340m in July from $2.4bn in June, figures obtained from the Central Bank of Nigeria…
Amethis’s MENA Fund II Buys Minority Stake In Tarjama
Africa-focused private equity firm Amethis said Tuesday it has made its second investment from the new fund that invests in…
Analysts See Nigeria’s Inflation Rate Rising In Nov, Dec
Amid the steady decline in headline inflation rates over the past few months, analysts have predicted an uptrend for the…
Remittances To Nigeria, Others Grow 7.3% To $589b
Remittances to low- and middle-income countries are projected to have grown a strong 7.3 per cent to reach $589 billion…
Seven Banks Rake In N403.6bn From Fees, Commissions
Seven deposit money banks in Nigeria generated the sum of N403.6bn in nine months from fees and commissions, 24.7 per cent…
The Apple Car Is Coming And Tesla Had Better Watch Out
Apple Inc. venturing into cars might shake up the electric vehicles market in the same way the iPhone revolutionized the…
FG Begins 10,000MT Wheat Cultivation To Cut Imports
The Federal Government has announced the commencement of dry season wheat cultivation to produce 10,000 metric tonnes of the commodity and…
Agric Fund Diversion May Attract Five-Year Jail Term – CBN
The Central Bank of Nigeria has said borrowers who divert the funds provided under the Agricultural Credit Guarantee Scheme may…
UK To Require Charge Points For Electric Vehicles In New Buildings
Charging points for electric vehicles will be required to be installed in new buildings in Britain from next year under…
Net Forex Inflow Rose To $2.77bn July, Says CBN
The net foreign exchange inflow into the Nigerian economy rose slightly to $2.77bn in July from $2.27bn in June, the…
Firm Launches Global Lottery Game In Nigeria
MegaMillions Naija has launched a global jackpot lottery in Nigeria to drive access to lottery games that will give the…
Investors Lose N18bn As 49 Stocks Drag Market Lower
Investors in the equities market of the Nigerian Exchange Limited saw an N18.05bn weekly loss at the end of trading…
External Reserves Resume Decline, Lose $410m In 17 Days
After rising by a record $5.05bn last month, Nigeria’s external reserves dropped by $410m in the past 17 weeks, the…
Microsoft Empowers Nigeria’s Financial Services Providers for Digital Transformation
Microsoft, on Wednesday, hosted a virtual digital transformation roundtable for financial services industry (FSI), where it unpacked its digital transformation…
Insurers Run From Ransomware Cover As Losses Mount
Insurers have halved the amount of cyber cover they provide to customers after the pandemic and home-working drove a surge…
AfDB Approves $150m To Support Agriculture In Africa
The African Development Bank Group has approved a $150m facility for ETC Group Limited to address the working capital requirements…
BoI Offers Funding Opportunities For Startups
The Bank of Industry has unveiled new funding opportunities for tech startups with creative solutions to problems faced by Nigerians.…
Investors Lose N33bn, Banking, Industrial Stocks Decline
Stock investors in the Nigerian Exchange Limited recorded a loss of N33.36bn at the end of trading on Thursday as…
Coca-Cola Empowers 1,000 Lagos Women
Coca-Cola Nigeria Limited has announced the completion of its women empowerment programme, tagged ‘Catalyst for change 2.0, with the graduation…
Fuel Marketers Predict N170/litre, Claim Supply Drop, NNPC Disagrees
The pump price of Premium Motor Spirit, popularly called petrol, may rise from the current N162-N165/litre to N170/litre, while its…
Nigeria’s GDP Growth Fell To 4.03% In Q3 -NBS
The nation’s economy grew more slowly in the third quarter of the year than it did in the second quarter,…
Turkish Lira Hits All-Time Low Before Country’s Central Bank Meeting
The Turkish lira on Thursday continued its slide ahead of the country’s central bank meeting. The currency fell to a…
Ford Partners With GlobalFoundries To Increase Chip Supplies
Ford Motor plans to increase its short- and long-term supply of semiconductor chips through a new partnership with GlobalFoundries. The…
NCS To Boost Innovation Among Tech Startups With N50 Million
The Nigeria Computer Society (NCS), the umbrella body for all Information Technology (IT) practitioners in Nigeria, is set to spur…
FG Raises Power Tariff December, Begins Free Meters Purchase
Power consumers nationwide may start to pay more for electricity, following plans by the Federal Government to carry out a…
South Africa’s MTN, IHS In $410m Towers Deal
MTN Group Ltd. and IHS Holdings Ltd. agreed to a 6.4-billion-rand ($410 million) tower-deal in South Africa, according to a…
Bitcoin Needs To Drop 80% Before Marathon Loses Money On Mining
Bitcoin has a long way to drop before mining the digital token becomes unprofitable for North America’s largest crypto mining…
Text-Checking Software Maker Grammarly Is Worth $13 Billion In Latest Funding Round
Grammarly, a start-up whose software highlights issues as people write in its web app and other programs, said Wednesday that…