Nigerians Are Safe With 5G Network – FG Clarifies
The Executive Vice Chairman of the National Communications Commission, Prof. Umar Danbatta on Monday in Abuja again clarified that Nigerians…
Category: Business
As Inflation Bites, Nigeria Small Businesses Struggle To Survive
Every morning, Esther George rises before dawn to prepare a cooler of rice and a large pot of beans, as…
Former Carlyle Exec Chigwende’s $250-mn Africa Fund Gets Anchor LPs
Admaius Capital Partners, a new private equity firm floated by Marlon Chigwende, has roped in anchor Limited Partner (LP) commitments…
Uber Posts Net Loss Of $2.4 Billion In Q3, But Delivery Business Outperforms
On Thursday, November 4, 2021, Uber announced its third-quarter earnings. In after-hours trading, shares rose 1% after a dip.A drop…
Jaiz Bank Recorded N3.3 Billion Q3 Profit Before Tax
Jaiz Bank Plc has declared a N3.3 billion profit before tax of N3.3 billion in the third quarter of this…
Google Virtual Accelerator Programme Now Open For Startups In Nigeria
Google has said application to its three-month virtual accelerator programme is now open to startups in Algeria, Botswana, Cameroon, Côte…
Meta (Facebook) Plans To Open It’s First Retail Store
Meta is in discussion and may soon open its first retail store as it looks to break into the metaverse…
Yuan Steady Against A Firm Dollar After Strong China Trade Data
The yuan hovered around 6.40 per dollar on Monday as strong Chinese trade data lent support and helped offset strength…
Customs Explores E-Naira For Duty Collection
The Nigeria Customs Service (NCS) has expressed readiness to begin collection of import duty with the e-naira that was recently…
Freight Forwarders Vowed To Resume Industrial Action
Freight forwarders have vowed to resume the suspended industrial action at the expiration of a new notice issued to international…
N4tr Power Liquidity Crisis: Stakeholders Urge CBN To Review Interventions
Stakeholders in the Nigerian power sector are unsettled on the need for the Central Bank of Nigeria (CBN) to continue…
CBN Confiscates 67,000 Counterfeit Naira Notes In 2020
Higher banknotes’ share of value of currency in circulation is 98% A total of 67,265 banknotes with a nominal value…
Japan Economic Stimulus Seen Topping $265 Billion, Require New Debt
Japan is considering an economic stimulus package worth more than 30 trillion yen ($265 billion) aimed at easing the pain…
China’s Crude Oil Imports Plunged In Oct Fall To Lowest In Three Years
China’s crude oil imports plunged in October to the lowest since September 2018, as large state-owned refiners withheld purchases because…
CBN’s Suspension Of Foreign Exchange Supply To BDCs Boosts Banks’ Income As 6 DMBs Rake In N145.6bn
With Central Bank of Nigeria (CBN) suspending Foreign Exchange (FX) supply to Bureau De Changes (BDCs), a total of six…
Still On Osinbajo’s Call To Float Naira
What other options do we have to increase the supply side of forex to the Nigerian economy, or do we…
Forex Scarcity: How We Help Manufacturers Get Dollars – Adebayo, Trade & Industry Minister
Otunba Richard Adeniyi Adebayo, Minister of Industry, Trade and Investment, giving his mid-term report, explains how his ministry supports manufacturers…
Delivery Platform Breadfast Lands $26 Million For Its Series A
The market for food and grocery delivery across Africa and the Middle East is worth nearly $1 trillion. And Egypt,…
US-Based At One Ventures Leads Round For Electric Vehicle Manufacturer
Opibus, the first company in Kenya to commercially future-proof diesel and gasoline vehicles by converting them to electric, is set…
OP Finnfund Backs Moroccan Healthcare Business
OP Finnfund Global Impact Fund I, a Finnish global emerging markets impact fund anchored by Finnfund, has invested $10 million…
Creadev Leads Series C Round For Twiga
Years ago, Americans spent most of their disposable income on food, but consistent investment in retail infrastructure has changed that.…
SoftBank Group Reported $3.5 Billion Q3 Loss
SoftBank Group Corp reported a 397 billion yen ($3.5 billion) net loss for the July-September quarter, dragged down by a…
Berkshire Hathaway Report Operating Income Of $6.47 Billion In Q3
Berkshire Hathaway saw another double-digit increase in its operating profit thanks to a continuous rebound in it railroad, utilities and…
Ant Group Begins Differentiation Of Consumer Loan Business Jiebei From Bank Loans
China’s Ant Group said on Monday that it is making efforts to “differentiate” part of its short-term consumer loan business…
Tesla Opens Battery Manufacturing Factory In Canada
Tesla opened a factory to produce battery manufacturing equipment in the Canadian city of Markham, Ontario, the city said on…
SolarWind Investors Sues Software Directors
SolarWinds Corp investors have sued the software company’s directors, alleging they knew about and failed to monitor cybersecurity risks to…
