Bitcoin Rose Above The $50,000 Mark For First Time In Four Weeks
Bitcoin, the world’s biggest cryptocurrency by market value, rose above the $50,000 mark for the first time in four weeks…
Category: Business
Facebook Outage Shows Need For More Rivals, Says Margrethe Vestager
Facebook’s six-hour outage the previous day shows the repercussions fn relying on just a few big players and underscores the…
Stocks Drop Low As Investors Fear Oil Rally Fuels Inflation
Asian shares tracked a broad sell-off on Wall Street to weaken for a third straight session on Tuesday, as investors…
Development Partners International (DPI) Sells Stake In Food Concepts To ACA
Private equity firm Development Partners International (DPI) said on Thursday it has sold about a third of its stake in…
Cloud Exchange Collaborate With Huawei
Cloud Exchange has launched Africa’s first uptime institute tier IV modular prefabricated data centre in collaboration with Huawei. According to…
Nigerian Business Has Long Term Potential: Procter & Gamble Company
Procter & Gamble (P&G) is raising Nigeria’s capability to earn foreign exchange (forex) through its ongoing strengthening of manufacturing and…
OYO To Issue New Shares Worth $1.16 Billion
Indian hotel chain Oyo is planning to raise about 84.3 billion rupees ($1.16 billion) in an initial public offering, according…
U.S. Fintech Start-up “Upgrade” Is Set To Join Buy Now Pay Later Market
U.S. fintech start-up Upgrade is set to enter the increasingly crowded buy now, pay later market. Upgrade, which was founded…
U.S. Stock Index Futures Rose, Tech Stocks Dipped
U.S. stock index futures rose during early morning trading on Thursday, after tech stocks dipped again as investors digest the…
China International Marine Containers Acquire Danish Shipping Giant “Maersk”
Danish shipping giant, AP Moller-Maersk, will bank close to $1bn after agreeing a sale of its refrigerated container making business.…
Local Chinese Government Halt Factory Production
Abrupt power cuts in parts of China are pushing some foreign companies to invest in other countries instead. In the…
Honor Smartphone Notched A 15% Market Share In China
Honor, the smartphone brand Huawei spun off last year, is beginning to regain share in China’s fiercely competitive mobile phone…
Critical Chip Machine Maker ASML Predicts Sales Boom To Last Over The Next Decade
ASML has raised its long-term outlook following a surge in demand for the semiconductors that its machines help to make.…
Heifer Nigeria Appoint New Country Director
Heifer International has appointed Rufus Idris as its new Country Director for its Nigeria operations. In a statement issued by…
Chinese Automaker Geely Holding Dive Into Smartphone Business
Chinese automaker Geely Holding is jumping into the smartphone business after its founder set up a new company. Hubei Xingji…
Global Chip Shortage Is For A While Says AMD Ceo
The global chip shortage will become less severe in the second half of 2022, AMD CEO Lisa Su said on…
China Cryptocurrency Exchange Huobi Cease New Account Opening
Huobi, one of the world’s largest cryptocurrency exchanges, said it has ceased new account openings for mainland Chinese users after…
Google Set To Reduce Take Rate
Google is reducing the amount of revenue it keeps when customers buy software from other vendors on its cloud marketplace, as…
62% Of Nigeria Business Enterprises Make Use Of Mobile Banking
The National Bureau of Statistics has said that 62 per cent of enterprises use mobile banking for their business operations.…
Nigerian Stocks Extend Decline Amid Investors’ Hesitation To Hold Bank Shares
Nigerian stocks encountered more strain on Wednesday as the benchmark index slowed 0.05 percent to its lowest point in more…
OPEC Nations Warn Of Oil Market Instability From Gas Crisis
As the global natural gas crunch hits suppliers and consumers alike, OPEC nations are warning of the knock-on impact for…
SoftBank Backed Oyo To Arrange For $1.2 Bln IPO Next Week
SoftBank Group backed Indian hospitality startup Oyo Hotels and Rooms is expected to file for an initial public offering (IPO)…
Chinese Glassmaker Raise $100 Million To Fund International Expansion And Development
Chinese augmented reality (AR) glasses maker Nreal has raised $100 million to fund international expansion and develop new products. Augmented…
Surge In UK Fraud Becomes A National Security Threat
A surge in fraud attacks on consumers since the pandemic has become a ‘national security threat’ for Britain requiring government-coordinated…
Development Of Seaports Will Magnify Revenue Drive In Nigeria – NPA
The Nigerian Ports Authority (NPA), has stated that Nigeria’s maritime industry accounts for 70% of cargo trade in West and…
Federal Government Pens OPEC, Requesting Higher Oil Production Quota
Nigeria has now officially written the Organisation of Petroleum Exporting Countries (OPEC), requesting a higher production quota under the OPEC+…
Foreign Airlines Grow Their Interest In Nigeria As Travel Rebounds
The return of foreign airlines into the Nigerian airspace and arrival of new entrants show that foreign airlines are increasing…
CBN Urges Against Speculation, Manipulation Of Forex
The Central Bank of Nigeria has warned Nigerians to be wary of the activities of speculators who sought to manipulate…
