Airtel Africa Sells $200M Mobile Money Business Stake To TPG’s Rise Fund
In February, London-listed telecom Airtel Africa said it was looking to sell a minority stake in its mobile money business in a…
Category: Business
Sweden To Bring In Banks In Next Stage Of E-Krona Project
Sweden’s central bank will bring in banks in the coming year to test how its proposed digital currency – the…
Europe’s STOXX 600 Hits Record High On Global Recovery Optimism
Europe’s benchmark equity index hit a record high on Tuesday, recovering all of its pandemic-driven losses as investors bet on…
Stocks Scale Fresh Peak As U.S. And China Lead Recovery
Stocks hovered near a record high on Tuesday, supported by strong economic data from China and the United States, while…
Sterling Bank Reports N12.4bn Profit
Sterling Bank Plc, a full service national commercial bank, said it recorded N12.4bn profit before tax in the financial year…
Dolce & Gabbana CEO Denies Talks With Kering Over Possible Tie-Up-Paper
Dolce & Gabbana is not in talks with French luxury group Kering over a possible tie-up, the chief executive of…
Payment Giant Stripe Expands To Middle East With Dubai Office
– Digital payments giant Stripe on Tuesday announced the opening of an office in United Arab Emirates financial capital Dubai,…
Credit Suisse To Reveal Losses From Archegos; 2 Execs To Depart: Sources
Credit Suisse Group AG will on Tuesday detail losses from its relationship with Archegos Capital Management LP after dumping over…
Dollar Drops With U.S. Yields Despite Strengthening U.S. Recovery
The dollar sank to an almost two-week low versus a basket of its peers on Tuesday, moving in tandem with…
Nigeria Moved Out Of Recession Earlier Than Expected – World Bank
In its latest Africa Pulse Report for April 2021 titled, ‘COVID-19 and the Future of Work in Africa: Emerging Trends…
Bank Of Canada Finds Inflation Target Preferred To Alternatives
Most Canadians prefer the Bank of Canada’s existing inflation targeting mandate to any other alternative frameworks, even though there appears…
Bitcoin Booms In Nigeria As Naira Flags
When Nigerian office worker Chigoziri Okeke bought cryptocurrency for the first time in 2016, he was only looking to make…
Shippers’ Council Moves To End Indiscriminate Boarding Of Vessels
The implementation of the Nigerian Ports Process Manual (NPPM) has recorded some progress with the decision to stop indiscriminate boarding…
OPEC+ Decides To Gradually Curb Output Cuts As Demand Concerns Persist
A group consisting of some of the world’s most powerful oil producers on Thursday decided to gradually curb existing output…
Global Banks Warn Of Market Chaos If Court Were To Abolish Libor
Some of the world’s biggest banks are urging a U.S. judge not to immediately terminate Libor after a group of…
China’s Central Bank Warns Of Financial Risks, Including Potential Defaults
BEIJING — China’s central bank warned on Thursday of financial risks in the country that have accumulated over the years,…
External Reserves Lost $178m In March – CBN
The country’s foreign reserves continued its downward trend, losing $178m in March, figures obtained from the Central Bank of Nigeria…
CBN Warns Against Abuse As MFBs Float Liquidity Placement Platform
To address the short-term liquidity challenges in the sub-sector, microfinance banks in Nigeria, in collaboration with Microfinance Development Company Limited…
Diaspora Nigerians with expired passport can now travel home – NIS boss
Comptroller General of Nigeria Immigration Services Muhammad Babandede has disclosed that diaspora Nigerians who could not travel back home due…
South Africa’s MTN, Looking to Build a Monopoly, Blocks Access to USSD Services for Nigerians
Fresh off its hiking of transfer charges on USSD and just over a year after the Nigerian government somewhat pardoned…
Dollar Consolidates Q1 Gains With Biden’s Spending Plan
Backed by a $2 trillion U.S. government spending plan, the dollar consolidated its first-quarter gains on Thursday, holding near multi-month…
Investors Have Committed N100bn Into Our Oil Palm Sector – Edo
The Minister of Finance, Budget and National Planning, Zainab Ahmed, on Wednesday disclosed that the Federal Government has succeeded in…
Bank Of Canada Governor Sees ‘Worrying’ Signs In Housing Market
The Bank of Canada is seeing “worrying” signs that some Canadians are taking on too much debt to buy into…
SSA Holds Nearly Half Of Global Mobile Money Accounts
There are more mobile money accounts in Sub-Saharan Africa (SSA) than in any other region in the world in 2020.…
Africans Unwilling To Quit WhatsApp, Despite Cybercrime Threats’
Africa’s mobile users are getting worried about the increase in cybercrime threats, considering the mobile risks and the potential for…
‘30m People Worldwide Acquire Digital Skills During COVID-19’
Microsoft Corporation has disclosed that it has helped over 30 million people in 249 countries and territories gain access to…
Tech Start-up Set To Launch Virtual Meeting Solution
A Nigerian tech start-up firm, Newwaves Ecosystems Limited, is pitching for a major stake in the multi-billion-dollar global online meeting…
PayPal Allows US Shoppers To Make Cryptocurrency Purchases
PayPal on Tuesday began allowing people in the United States to use cryptocurrency to make purchases from millions of merchants…
FG Implementing EEF To Save Economy From Shocks’
The Ministry of Industry, Trade and Investment has disclosed that it was currently implementing the Export Expansion Facility (EEF), which is…
Leveraging Customer Data For Growth Acceleration
Raheem Akingbolu writes on how businesses can leverage on customer data to drive sales and accelerate brand growth in the…