Nigerian Payments Startup Flutterwave Now Valued At Over $1Bn. Raises $170m
Nigerian payments startup, Flutterwave, has closed a $170m Series C funding round, the largest amount ever secured by an African…
Category: Business
Stakeholders Canvass Policies to Regulate Cryptocurrency
The Nigerian Technology Industry Group has said there should be core policies that would help in regulating cryptocurrency providers in…
Nigeria, Largest Economy In Africa – UAE
The United Arab Emirates (UAE) on Wednesday, said Nigeria remained the largest economy in Africa. This was contained in a statement…
Smarter Dressing In Store For Hugo Boss As Lockdowns Lift
Hugo Boss expects its business will continue to suffer in the first quarter but forecast a gradual recovery from April…
UBA Group MD Explains Conservative Dividend Payout
The Group Managing Director/CEO of United Bank for Africa Plc, Mr. Kennedy Uzoka, has said the bank reduced its dividend…
Stakeholders Foresee Growth Opportunities In NSE’s Demutualisation
Stakeholders in the capital market have hailed the final approval given by the Securities and Exchange Commission (SEC) and the…
Australia To Subsidise Airfares As Part Of $928m Tourism Boost
The Australian government unveiled a 1.2 billion Australian dollars ($928m) tourism support package on Thursday, aimed at boosting local travel…
Investors Turn Up Heat On HSBC To Phase Out Fossil Fuel Funding
HSBC will phase out its support for the coal industry in the developed world by 2030 and in the developing…
With Green Energy, Japanese Governor Wants To Take Fukushima Out Of Nuclear Shadow
A decade after Japan’s devastating nuclear meltdown, the governor of Fukushima hopes the prefecture can step out of the shadow…
Nigerian Stock Market Rises By N128bn On Demutualization
The nation’s bourse on Wednesday overcame its negative posture growing by N128bn following bargain buying in Dangote Cement and Nestle…
Best Nigerian Stocks In 2020 Based On Dividend Yield
These are stocks that offered their investors the highest dividends for every naira invested in 2020 based on announced dividends…
China Semiconductor Trade Association Establishes Work Group With U.S. Counterpart
The Chinese Semiconductor Industry Association (CSIA), a major trade association for China’s chip industry, will establish a working group with…
Shell CEO Takes Large Pay Cut After Bruising 2020
Royal Dutch Shell Chief Executive Ben van Beurden’s pay package dropped by 42% to $7 million in 2020, a year…
How To Make PIB Beneficial To The Nigerian Govt. And Nigerians By Stakeholders
Some stakeholders, yesterday, brainstormed on some of the issues delaying passage of the 20-year old Petroleum Industry Bill (PIB), suggesting…
Warren Buffett’s Net Worth Surpasses $100bn, Forbes Says
US businessman Warren Buffett on Wednesday joined the small circle of executives worth more than $100 billion, which also includes…
Dangote Set To Earn N13bn In Dividend From Sugar Business
Chairman of Dangote Group, Aliko Dangote, is expected to earn a dividend of N13.1bn for the financial year 2020 from…
FCMB Introduces Paperless And Cardless Transactions At Branches, ATMs And POS Terminals
Customers of First City Monument Bank (FCMB) can now seamlessly carry out an array of transactions with just their fingerprints…
Turkey’s Nuclear Power Dilemma
Turkish and Russian officials laid the foundation for the third reactor of Turkey’s first nuclear power plant Akkuyu in the…
Nokia Signs Patent License Pact With Samsung
Nokia has struck a deal with Samsung to license patents covering its innovations in video standards, the Finnish telecom company…
Tesla Raises Price Of Variants Of Model Y, Model 3, Model S
Tesla Inc has increased price of its Model Y Long Range and Model S Plaid plus by $10,000, the electric-car…
SoftBank-Backed Coupang Raises $4.6 Billion In U.S. IPO
Coupang LLC, South Korea’s largest e-commerce company, raised $4.6 billion in the biggest share offering in the United States this…
Rolls-Royce Plunges To Worse Than Expected $5.6 Billion Loss
British engine-maker Rolls-Royce plunged to a worse than expected 4 billion pound ($5.58 billion) loss in 2020 as the pandemic…
Asia Stocks Soar As Receding Inflation Worries Bolster Confidence
Asian stocks extended their rebound from a two-month low on Thursday after a report on U.S. consumer prices calmed concerns…
China’s Smartphone Shipments Build On Post-Pandemic Rebound In February
China’s smartphone shipments increased more than threefold in February 2021 from a year ago, government data published on Thursday showed,…
NPA Issues New Guidelines To Truckers Curbing Confusion, Irregularities
Following the challenges limiting the efficiency of the newly introduced electronic call-up system for management of truck traffic into Lagos…
Nigeria Provisionally Awards Tenders To Develop 57 Marginal Oilfields -Sources
Nigeria’s petroleum regulator has provisionally awarded tenders to develop 57 of its marginal oilfields, four sources familiar with the matter…
CBN’s Naira-For-Dollar Policy Will Boost Economy
The African Centre for Justice and Human Right (ACJHR), by Nduka Edede Chinwendu, has hailed the introduction of the ‘Naira-for-Dollar’…
Investors Bracing For Bank Of Canada To Taper As Decision Looms
The Bank of Canada could soon start pulling back stimulus from the nation’s surprisingly robust economy, with the first clues…
Pound-Dollar Rate Still An “Undervalued” Buy At CBA
The Pound-to-Dollar rate is this week struggling to recover back above 1.39, but Sterling remains significantly undervalued on at least…
Nigerian Stock Exchange Wins Approval For Public Listing
The Nigerian stock exchange said on Wednesday it has won regulatory approval paving way for a public listing of its…