Browsing Category
Investing
Musk Says ‘Can Now Buy A Tesla With Bitcoin’
Tesla Inc's Elon Musk tweeted here on Wednesday, "you can now buy a Tesla with bitcoin."
-Reuters
Asian Shares Hit Two-Week Lows, Dollar Gains As Investors Scurry For Cover
Asian shares skidded to a two-week trough on Wednesday and the dollar neared four-month highs as coronavirus…
Toyota To Reinvest In Isuzu To Partner On Connected Commercial Vehicles, Fuel…
Toyota Motor Corp will reinvest in Isuzu Motors Ltd to work together on connected commercial vehicles and fuel…
Brazil Central Bank Aims To Prevent 2021 Inflation From Infecting 2022
Brazil’s central bank stands ready to raise interest rates by another 75 basis points in May in order to bring…
AfCTA: Nigeria Plans $50bn Intra-Africa Exports
The National Action Committee on African Continental Free Trade Area Agreement has disclosed plans to achieve…
AB Volvo Shares Fall 7% After Warning Chip Shortage To Hit Output
Shares in AB Volvo fell 7% on Tuesday after the Swedish truckmaker warned of a substantial hit on production in the…
Flourish Ventures Opens Up New Office In Nairobi, Kenya To Support African Fintech…
The African fintech startup scene is set for a boost after Flourish Ventures, a global fintech venture capital…
Valar Ventures Makes First Investment In Africa With Neo Bank Kuda
Launched in 2016 as lending platform Kudimoney, Kuda rebranded in June of 2019 and received a banking licence from…
RisCura Launches Impact Fund-Of-Funds For South Africa
Purpose-driven investment firm RisCura is applying its institutional investment experience to impact…
China’s JD.com To Invest $800million In Dada Group
Chinese e-commerce firm JD.Com said on Monday it will invest $800 million in Dada Group, giving it a 51% stake in…
Union Bank’s Annual Profit Rises To N25.4bn
Union Bank of Nigeria Plc has posted an increase of 2.8 per cent in its profit before tax for the 2020 financial…
Central Bank Of Nigeria Reopens N50bn Covid Loan Portal For Households, Businesses
The Central Bank of Nigeria (CBN) is receiving applications for its N50 billion targeted credit facility (TCF)…
Forex Scarcity Hampering Airlines’ Operations, Says Onyema
Air Peace has said that it placed a firm order of Boeing 737 Max, which recently was recertified to resume…
UBA: Strong Performance In A Difficult Year
United Bank for Africa (UBA) Plc’s total assets last year leapt two spaces to N7.70 trillions from N5.62 trillion…
Stock Market Records N140bn Weekly Loss
The Nigerian stock market extended its decline last week as investors lost N140bn.
The Nigerian Stock Exchange…
US-Nigeria Investment Summit To Hold In New York
The US-Nigeria Investments Summit has announced it will hold a global trade and investment event for 2021 in…
Capital Group Becomes Second-Biggest Investor In ABB
U.S.-based investment manager Capital Group has increased its stake in ABB to 5.05%, a regulatory filing showed on…
Federal Government Discovers Gold Deposit Along Abuja-Nasarawa Border
Adegbite paid Abdullahi Sule, the Nasarawa state governor, a courtesy visit in Abuja on Wednesday.
The minister…
Futures Rise As Spike In Bond Yields Eases
U.S. stock index futures edged higher on Friday following a steep pullback in the prior session as bond yields…
Don’t Spend Over $1.5bn Embalming On A Dead Refinery – Dino Melaye Tells…
Former Senator representing Kogi West Senatorial district, Dino Melaye has also faulted the approval of $1.5bn for…
Bond Managers Say Pace Of Rise In U.S. Bond Yields ‘Unsettling’
The recent pace of the rise in yields in the U.S. Treasury market has been unsettling, according to several major…
Oil Extend Losses Amid Gloomy Demand Outlook
Oil prices fell on Friday for a sixth day in a row, down nearly 9% for the week, as a new wave of COVID-19…
Pakistani Province Plans To Build Pilot Crypto Currency Mining Farms
The Pakistani province of Khyber Pakhtunkhwa is planning to build two hydroelectric-powered pilot “mining farms” to…
Britain Sets Sights On ‘Big Four’ Auditors In Market Shake-Up
Britain proposed weakening the market grip of “Big Four” auditors on Thursday and making company directors…
Steeper And Higher: U.S. Bond Tantrum Averted, But Worries Remain
Markets may be less fearful of a “taper tantrum” after the Federal Reserve’s latest meeting, but the prospect of…
Stellar Development Foundation Invests $750K In Nigeria Remittance Platform
The Stellar Development Foundation (SDF) just pumped $750,000 into Cowrie, a Nigeria-based fintech platform…
FG Approves $1.5bn For Rehabilitation Of Port Harcourt Refinery
The Federal Executive Council on Wednesday approved the plan by the Ministry of Petroleum Resources to rehabilitate…
Lenovo’s Parent Company Invests $237 Million In Chinese Chipmaker Fullhan
Legend Holdings, the parent of the world’s biggest PC maker Lenovo, said it purchased about 12.8 million shares of…
Coinbase To Float About 114.9 Million Shares In U.S. Listing
Coinbase said on Wednesday it had registered about 114.9 million shares for its direct listing on the Nasdaq,…
NEITI Pursues Recovery Of $5.31bn, N69.51bn Unremitted Funds
The Nigeria Extractive Industries Transparency Initiative (NEITI), yesterday said it had begun tracking over $5.31…