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Investing
BoI Offers Funding Opportunities For Startups
The Bank of Industry has unveiled new funding opportunities for tech startups with creative solutions to problems…
Bitcoin Needs To Drop 80% Before Marathon Loses Money On Mining
Bitcoin has a long way to drop before mining the digital token becomes unprofitable for North America’s largest…
Text-Checking Software Maker Grammarly Is Worth $13 Billion In Latest Funding…
Grammarly, a start-up whose software highlights issues as people write in its web app and other programs, said…
Bitmama Launches Programme For Youths Interested In Blockchain Technology
Bitmama, a Nigerian fintech startup, has launched a programme to help young people transition into the…
Ardova Issues N25.3bn Bonds, Completes Enyo’s Acquisition
Ardova Plc has issued N25.3 billion fixed-rate bonds to fund its expansion project in the downstream petroleum…
South African Payments Gateway Ozow Raises $48M Series B Led By Tencent
According to a 2019 report by Deloitte, about 80% of South Africans have a bank account but only 24% of them make…
Reps Probe Alleged Fraud Of W’Bank Funds For Assets Insurance
The House of Representatives has urged the Federal Ministry of Finance, Budget and National Planning, the National…
How Euro-Area Inflation Could Overshoot 2% In 2023
European Central Bank Governing Council member Pierre Wunsch just said that it “won’t take much” for euro-area…
US Launches Project To Empower 300 Osun Schoolgirls
The United States Consulate General has launched a project aimed at empowering 300 high school girls in Osun State…
FMDQ Lists MTN Nigeria’s N110bn Bond
FMDQ Securities Exchange Limited has agreed to list MTN Nigeria’s N110 billion series 1 senior unsecured fixed rate…
$6b Bolt Shuns American Market, Focuses On Nigeria, Africa
America may arguably be the most stabilised economy by many indices, but $6b-valued ride-hailing company, Bolt is…
UNICEF, Jumia Plan Internet For Nigerian Schools
The United Nations Children’s Fund and Jumia, an African e-commerce platform, have partnered in support of Giga’s…
Large-Cap Stocks Drag Market Lower, Investors Lose N11.83bn
The Nigerian equities market started the week on a negative note as declines in some large-cap stocks saw the…
Insurance Firms Rake In N2.1tn Premiums In Five Years – Report
Nigerian insurance companies earned a total gross premium of N2.1tn between 2016 and 2020, according to figures…
Burger King Parent Restaurant Brands International Buys Firehouse Subs For $1…
Burger King parent Restaurant Brands International announced Monday it bought Firehouse Subs for $1 billion.…
AfricInvest’s Private Credit Unit Backs Kenya’s RFH Healthcare
AfricInvest, a pan-African asset management platform that makes private equity, venture capital and private credit…
Oikocredit Makes Debt Investment In Senegalese Microlender CMS
Social impact investor Oikocredit has provided debt capital of €5 million ($5.8 million) to Union des Caisses de…
MFS Africa Raises $100m For Massive Expansion Across Africa
MFS Africa, Africa’s largest digital payments network, has raised US$100 million through an equity and debt…
Fidelity, Visa And Kingsway Back South African Fintech JUMO In $120M Round
JUMO, a South Africa- and London-based company that offers financial services to entrepreneurs and businesses in…
Nigerian E-Health Pharmaceutical Distribution Startup DrugStoc Secures $4.4…
The pharmaceutical supply chain across Africa has for decades remained fragmented leading to sourcing and…
Telenor And Google Cloud Partner Up To Digitalise Telecom Operations
Telenor and Alphabet Inc's Google Cloud have formed a partnership to digitalise the Norwegian telecom company's…
FG To Auction N150 Billion Bonds In November
The Debt Management Office has said the Federal Government will offer N150bn bonds for subscription this month.…
FG Inaugurates Housing Portal, Urges Nigerians To Apply
The Federal Government, on Friday, inaugurated a portal for its National Housing Programme and urged Nigerians to…
Musk Continues To Sell Shares After Twitter Poll
Tesla Inc Chief Executive Officer, Elon Musk, has sold an additional portion of his share in his company worth…
Equities Extend Losses As Capitalisation Dips Further By N82 Billion
The market capitalisation of listed equities depreciated further by N82 billion yesterday, following the extension…
Stock Market Sheds N51bn As Investors Take Profits
The Nigerian equities market fell for the second consecutive day on Thursday, with the total market value losing …
FG Makes New N20 Million Investment In Start-Up Ecosystem
The Federal government has pumped N20 million into the Nigerian start-up ecosystem. The investment came through the…
Dangote Committed To Bridging Unemployment Gap
Dangote Industries Limited has restated its commitment to contributing to significant reduction in the number of…
Nigeria’s Lending Startup Payhippo Raises $3 Million For SMEs
A lending startup, Payhippo has raised $3 million to support the small and medium enterprises (SMEs) across the…
Women Empowerment: Nigeria Firm, 33 Others Among $25M Google Awardees
A Nigerian firm, ImpactHer and 33 organisations from other countries are to receive $25 million grants for creating…