Appzone Secures $10m Series A, Biggest Investment Led By Nigerian VC
Nigerian-founded venture capital firm CardinalStone Capital Advisers is leading a $10 million Series A funding in Appzone that delivers best-in-class…
Category: Business
Fed Looks Poised To Step Up Buying In Belly Of Treasuries Curve
The Treasury market’s weight has shifted around in the past year, meaning the Federal Reserve’s $80 billion monthly purchases no…
Grab To Unveil World’s Biggest SPAC Merger, Valued At Nearly $40 Billion: Sources
Southeast Asia’s biggest ride-hailing and food delivery firm Grab Holdings will announce as early as Tuesday a merger with U.S.-based…
Software Maker UiPath Aims For Nearly $26 Billion Valuation In U.S. IPO
Robotic process automation startup UiPath Inc is targeting a valuation of nearly $26 billion in its U.S. initial public offering…
We’re Not Aware Of Currency Printing – Finance Ministry, Central Bank Of Nigeria
The Central Bank of Nigeria had denied knowledge of claim that Nigeria printed billions of naira last month to cushion…
No One Cares’: Lebanon’s Financial Crisis And Domestic Workers
abrina, a Bangladeshi domestic worker, is barely 127cm (4 feet 2 inches) tall and extremely thin. Her shoulder blades protruded…
Revealed! Real Reason Segun Agbaje Will Not Handover GTB to A Woman
The tussle for who succeeds Segun Agbaje as the Group Managing Director/Chief Executive Officer of Guaranty Trust Bank has reached…
Firm Drives Home Rentals With Artificial Intelligence
Digital Landlord Nigeria Limited said it has adopted the use of artificial intelligence to drive rentals of its short-let apartments.…
Mitsubishi Motors To Cut Output In Japan And Thailand Due To Chip Shortage
Mitsubishi Motors Corp will cut production by a combined 7,500 vehicles at three plants in Japan and Thailand in April,…
South Korean PM Arrives In Iran To Help Try To Revive Nuclear Deal
South Korean Prime Minister Chung Sye-kyun arrived in Iran on Sunday to help try to restore a 2015 nuclear deal…
Fed’s Powell: U.S. Economy At An ‘Inflection Point’ – CBS ’60 Minutes’
The U.S. economy is at an “inflection point” with expectations that growth and hiring will pick up speed in the…
Commodities Trader Trafigura Launches Carbon Trading Desk
Trafigura has begun launching a carbon trading desk led by Hannah Hauman, the global commodities trading firm said on Friday,…
Will Corporate Earnings Be Strong Enough To Justify The Record Stocks Rally?
The Dow and S&P 500 are at record highs thanks to Wall Street optimism about Covid-19 vaccines, federal government stimulus, a rebounding global economy and a…
CAC Sets Three-Hour Circle For Company Registration
The Corporate Affairs Commission on Sunday stated that following the successful deployment of an end-to-end registration module, it was now…
Ogun Farmers Eager For Our Fertiliser Rollout – Dangote
Farmers in Ogun State are eagerly awaiting the commencement of operations of the Dangote fertiliser plant, which is expected to…
Shares In SK Innovation Surge After Settlement With Rival Brightens U.S. Prospects
Shares in South Korean auto battery maker SK Innovation Co Ltd soared on Monday after it buried the hatchet with…
Big U.S. Treasury Auctions Could Restart Rise In Yields
U.S. Treasury auctions offering $271 billion of new debt and a key inflation report this week could end a recent…
China’s Exports, Imports Seen Staying Buoyant In March
Improved global demand and a favorable base effect are likely to have kept China’s exports buoyant in March, while higher…
Dollar Pinned Down By Lower U.S. Yields; Inflation Data In Focus
The dollar languished near 2-1/2-week lows against major peers on Monday as a decline in Treasury yields restrained the U.S.…
Alibaba Says Does Not Expect Material Impact From Antitrust Fine, Shares Rally
China’s Alibaba does not expect any material impact from changes to its exclusivity arrangements with merchants, CEO Daniel Zhang said…
Asia Shares Anxious For Earnings Season, U.S. Data Deluge
Asian shares faltered on Monday as anxious investors wait to see if U.S. earnings can justify sky-high valuations, while a…
Sterling Falls, Set For Biggest Weekly Loss Since 2020
Sterling fell on Friday, touching a two-month low against the dollar in early London trading, and was set for its…
Digital Pound Would Boost Post-Brexit City Of London, Think-Tank Says
A digital pound must be at the heart of Britain’s efforts to strengthen the City of London’s global attraction as…
FMDQ To Deepen Market With Derivatives
FMDQ Securities Exchange Limited will soon launch a standardised market for exchange traded derivatives, a move that will deepen the…
MTN, Banks Working On Sustainable USSD Pricing Model
MTN Nigeria has said that it is currently engaging the banking community to align on a longer-term pricing structure for…
HP Seizes Over 4.5m Counterfeit Products In 2020 — Official
The HP Anti-Counterfeiting and Fraud (ACF) team said it confiscated over 4.5 million fraudulent print products, parts, and components, including…
IMF Seeks Support For Nigeria, Other Low Income Countries
The International Monetary and Financial Committee, the policy advisory committee of the Board of Governors of the International Monetary Fund,…
Nigeria: Dangote, Flour Mills, BUA In Bitter Sugar War
Three Nigerian conglomerates – Dangote Group, Flour Mills and BUA Group are currently locked in a bitter war over production…
Hope For Nigeria As Africa Awaits 428 New Oil, Gas Projects
Over 428 oil and gas projects are expected to be developed in Africa’s oil and gas sector before 2025, a…
CBN Gets Court Order To Freeze 193 More Bank Accounts
The Central Bank of Nigeria (CBN) has obtained three different court judgments from the Federal High Court, Abuja to freeze…