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 facilitating crypto remittance transfers. SDF said…
Category: Investing
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 the Port Harcourt…
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 Chinese…
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, setting the…
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 billion and a separate N69.51…
Trade Restrictions Policy To Protect Local Industries, Emefiele Tells Okonjo-Iweala
The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, yesterday defended the apex bank’s restrictive trade policy, stressing that…
Elumelu: Foreign Investors Need Long-Term Plan For Africa
Foreign investors should have long-term investment plans for Africa, because it boasts of huge returns on investment, Chairman, Heirs Holdings,…
Stock Market Sheds N193bn As Investors Await Clarity On Demutualisation
The market capitalisation of the Nigerian Stock Exchange (NSE) has declined by N173 billion as the euphoria that greeted the…
Nigeria Has Only 0.33% Share In Global Trade, WTO DG Decries
The Director-General of the World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, has said that Nigeria’s 0.33 per cent share in…
Stakeholders To Explore Africa Commodity Ecosystem At Investment Summit
Following the impacts of the COVID-19 pandemic on African economies, stakeholders are to meet to review solutions to the continent’s…
‘Federal Government Of Nigerian Must Reposition Capital Market To Accumulate Global Savings’
Experts have stressed the need for the Federal Government to reposition the local bourse to make it more attractive to…
Developers To Pay Lower Fees To Google’s App Store For First $1 Million In Revenue
Alphabet Inc’s Google said on Tuesday that it was cutting the service fee that app developers pay to Google Play…
Ford’s Turkish Joint Venture To Produce Electric Vans From 2023
Ford Motor Co said on Tuesday that the next version of its Transit van for the European market will go…
I Wish Dangote Refinery Existed Years Ago – Okonjo-Iweala
The Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, said Nigeria would have started producing its own refined…
Federal Government Inaugurates National Livestock Breed Improvement Programme
The Federal Government on Monday inaugurated the National Livestock Breed Improvement Programme with the aim of curbing incessant clashes between…
Zalando Aims For More Than 10% Of Europe Fashion Market
German online fashion retailer Zalando said it aims to capture more than 10% of the 450 billion euro ($536.54 billion)…
Brexit Won’t Mean Lower Capital For Insurers, Says Bank Of England
A review of rules for the insurance sector after Brexit will take time to complete, but it will not lead…
Brent Crude Heads Toward $70 As China Energy Demand Outlook Brightens
Oil prices rose on Monday, with Brent heading toward $70 a barrel, as data showed China’s economic recovery accelerated at…
European Markets Set To Open Higher On Recovery Hopes; Fed In Focus
European stocks are expected to open higher Tuesday as market attention focuses on the global economic recovery and the latest…
Diginex Projects Bitcoin Will Reach $175,000 By Year-End
The Trust Project is an international consortium of news organizations building standards of transparency Richard Byworth, CEO of Diginex, said…
Microsoft Could Reap More Than $150 Million In New U.S. Cyber Spending, Upsetting Some Lawmakers
Microsoft stands to receive nearly a quarter of Covid relief funds destined for U.S. cybersecurity defenders, sources told Reuters, angering…
Nigeria’s NNPC, Accounting For Unremitted N4 Trillion Funds
A storm of controversy is raging again over the unremitted funds by the revenue-generating public agencies. At a recent…
Why Federal Government Is Constructing Narrow Gauge On Eastern Rail —Minister
The Federal Government on Sunday explained why it was constructing a narrow gauge railway on the Eastern rail line as…
Xiaomi Wins Temporary Reprieve From US Ban On American Investment
Xiaomi has won at least a temporary reprieve from a US ban on Americans investing in the Chinese smartphone maker.…
UK PM Pledges 3 Billion Pounds For England’s Bus Network
British Prime Minister Boris Johnson will invest 3 billion pounds ($4.17 billion) in England’s bus network, aiming to provide more…
Roche Agrees To Buy GenMark Diagnostics In $1.8 Billion Deal
Roche will buy GenMark Diagnostics, a U.S.-based maker of molecular diagnostic tests in a $1.8 billion deal, the Swiss pharmaceuticals…
India To Propose Cryptocurrency Ban, Penalising Miners, Traders – source
India will propose a law banning cryptocurrencies, fining anyone trading in the country or even holding such digital assets, a…
Crypto Exchanges Move To Control Scam Activities In Nigeria
Cryptocurrency exchanges in Nigeria are taking measures to ensure a safe trading environment for investors with upgraded security protocols. The…
Global Central Banks Confront Enthusiasm Of Investors: Eco Week
Central bankers from Washington to Tokyo will this week confront the enthusiasm of investors betting on a return of inflation,…
Bitcoin Intraday Trading Pattern Emerges As Institutions Pile In
Bitcoin has shown a tendency lately to clock its intraday low in the Asian or European session, and end near…