U.K. House Prices Gain for a Fourth Month, Halifax Says
A shortage of homes for sale and a buoyant labor market are expected to underpin the U.K. housing market as consumers come under pressures from soaring inflation and higher interest…
U.S. Senate Introduce Bill To Limit Big Tech Mergers
Two U.S. senators have introduced bipartisan legislation that seeks to make it harder for Amazon.com and other tech giants to make acquisitions. The office of Senator Amy Klobuchar, a Democrat…
Gold Jumps 1% As Fed Signals Patience On Rate Hikes, BoE Holds Fire
Gold prices jumped 1% on Thursday after the Federal Reserve indicated it would be patient on raising interest rates and as the Bank of England defied expectations of more hawkish…
Square Shareholders Approves Issuance Of New Shares
Square Inc shareholders have approved the issuance of new shares for the U.S. company’s $29 billion purchase of Afterpay Ltd, bringing Australia and the buy now, pay later sector’s largest…
NIPC Announce $8.99 Billion Investment With Lagos State Topping The List With 81 Percent
The Nigerian Investment Promotion Commission (NIPC) said it tracked $8.99 billion as investment announcements in the third quarter of 2021 (Q3 ’21), with Lagos State accounting for 81 per cent…
Indian Fintech “Paytm” Allocates $1.11 Billion Shares To Over 100 Investors
Ant Group-backed fintech firm Paytm said it has allocated shares worth 82.35 billion rupees ($1.11 billion) to more than 100 institutional investors, including the government of Singapore, ahead of what…
Facebook Parent Meta Platforms Will Invest In New Zealand To Boost Digital Capabilities
Facebook parent Meta Platforms Inc. said on Thursday it would invest in New Zealand to promote up and coming news publishers and boost their digital capabilities, a month after the…
Elon Musk To Help Fight World Hunger With $6 Billion But With A Clause
Elon Musk is now worth more than $300 billion, and he’s apparently ready to start spending. The Tesla and SpaceX CEO — whose net worth has ballooned by more than…
Dangote Cement Records 34.2 Percent Revenue Growth In Nine Month
Dangote Cement Plc, the largest Cement producer with nearly 48.6Mta capacity across Africa, published nine-month results, showing a strong 34.2 percent and 49.1 percent year-on-year growth in revenue and profit…
SEC Urge Stockbrokers To Create Innovative Financial Products
The Securities and Exchange Commission (SEC) has urged operators to create innovative financial products that would support businesses, boost market liquidity and enable the market to play its role of…
Equities Market Resumes November Trading On A Downturn Note
The equities market resumed trading for the month of November on a downturn note yesterday, as market capitalisation declined by N32 billion, following profit taking by investors. Market activities were…
Tesla Is Yet Sign A Contract With Rental Car Company “Hertz”: Elon Musk
Tesla CEO Elon Musk said on Monday night that his electric vehicle company has yet to sign a contract with rental car company Hertz. The tweet from Musk seemingly contradicted…
Insecurity, Others Cut Nigeria’s Foreign Investments To $875m, Lowest In 5 Years
The spate of security crises, a tough business climate, and policy inconsistency are among the factors that cut Nigeria’s Foreign Direct Investment (FDI) to $875 million in the second quarter…
Central Bank of Nigeria Commence 100 For 100 Policy On Production And Productivity
The Central Bank of Nigeria has commenced the 100 for 100 Policy on Production and Productivity with the unveiling of an operational framework to guide interested companies in participating in…
ARCH EM’s Cold Chain Solutions Fund Lands Another LP
The Board of Directors of the African Development Bank has approved an equity investment of $10 million in the ARCH Cold Chain Solutions East Africa Fund (CCSEAF) to support the…
Sega Says It’s Exploring A Strategic Alliance With Microsoft
Sega Sammy Holdings on Monday said it is exploring a strategic alliance with Microsoft to develop big budget titles using the Xbox maker’s cloud gaming tech, driving anticipation the move…
Investor Group Partners For Sustainable Finance Facility For Greenlight
Standard Bank Group, Citi, CDC Group Plc and Norfund have teamed up to provide a $75 million equivalent Kenyan shilling-denominated sustainable finance facility for Greenlight Planet Kenya, an off-grid solar…
Pearl Capital Backs Poultry Business With Mix Of Equity And Debt
Yield Uganda Investment Fund, an agribusiness impact vehicle managed by Pearl Capital Partners, has struck its third deal in as many months by investing UGX6.79 billion ($1.8 million) in Sekajja…
Euro Hovers Ahead Of ECB Meeting, Yen Looks Past BOJ Doves
The euro dipped below $1.16 ahead of the European Central Bank meeting on Thursday as investors wait to hear policymakers’ views on the outlook for inflation and an expected push…
Federal Government Launch Made In Nigeria Barite
The Federal Government, on Thursday, launched the made-in-Nigeria barite, saying it would save the country the foreign exchange spent on the importation of the product. Barite is used as a…
Panic As Bitcoin Crashes, Wiping Millions Of Pounds In Cryptocurrency Markets
Bitcoin’s price has crashed yet again, wiping hundreds of millions of pounds from cryptocurrency markets and sending traders into a huge panic. The world’s most popular cryptocurrency plummeted below $59,000…
Nigeria Stock Exchange Query FBN Holdings Over Shares
The Nigerian Exchange Limited (NGX) has queried FBN Holdings Plc, the holding company of First Bank of Nigeria, for classifying the shareholdings of Tunde Hassan-Odukale and his related parties into…
FBN Holdings Confirms Hassan-Odukale Leads Femi Otedola With 0.29% Shareholding
FBN Holdings Plc has confirmed that Mr Tunde Hassan-Odukale is the single-largest shareholder in the company. A statement signed by the company secretary, Seye Kosoko, on Wednesday confirmed that Hassan-Odukale…
Crypto Startup QuickNode Raises $35 Million In Series A Funding Round
Blockchain development platform QuickNode has raised $35 million in a Series A funding round, the company said Wednesday. The round was led by Tiger Global with participation from Alexis Ohanian’s…
Twitter Suffer $537 Million Net Loss In 2021 Q3
Twitter said Tuesday it had posted a $537 million net loss in the third quarter after settling a lawsuit alleging investors were misled about slowing user growth. Despite revenue rising…
Tesla Major Investor Has Made $6 Billion On His Investment
Major Tesla investor Ron Baron on Wednesday said that he’s made $6 billion on his investment into the electric automaker and plans to remain a shareholder for at least another…