‘Obscene inequality’: Oxfam says taxing the world’s richest could help save lives
According to a report titled “Inequality Kills” by new Oxfam, The pandemic has made the rich richer while the income…
Category: Local
Twitter Spaces To Allow Users Record Sessions
Twitter Spaces, a feature that allows users to host or take part in live audio conversations on the platform, will…
Take-Two To Buy Farmville Creator Zynga For $12.7 Bn
Take-Two Video game publisher sets to acquire “Farmville” creator Zynga for $12.7 billion, in a major mobile gaming push by…
Macro and technical headwinds accrue for bitcoin
A weak start to 2022 and a host of looming macro and technical headwinds are setting cryptocurrencies up for a…
Citi to sell consumer business in Malaysia, Indonesia, Thailand and Vietnam to UOB Group
Citigroup will sell its consumer banking businesses in Indonesia, Malaysia, Thailand and Vietnam to Singapore’s United Overseas Bank, the banks…
Pakistan’s Central Bank ‘Wants To Ban’ Crypto
The State Bank of Pakistan (SBP) is reportedly seeking to ban all cryptocurrency transactions in Pakistan. Pakistan’s Sindh High Court…
Nigeria MSMEs Contribution Rises By 3.7% – SMEDAN
The Director-General of Small and Medium Enterprises Agency of Nigeria (SMEDAN), Dikko Umaru Radda, said the contribution of the Micro…
FSD Africa backs Fintech factoring firm
The investing arm of FSD Africa, has invested £3 million in IMFact, a Kenyan fintech firm. The Kenyan fintech firm…
Nigeria: Association of Bureaux De Change Operators Of Nigeria Urge CBN To Remove Restrictions
Association of Bureaux De Change Operators of Nigeria (ABCON) has called on the Central Bank of Nigeria (CBN), to remove…
Nigeria Customs To Generate N4.1trn Revenue In 2022
The Nigeria Customs Service (NCS) says it has a revenue target of N4.1 trillion in 2022. NCS had said it…
Oil Price Hits $85: More Subsidy To Be Paid By Nigerians
Oil prices continued their surge yesterday, hitting a two-month high amid projections that lack of production capacity and limited investment…
Pay tax, support government to manage prohibited content… FG lists agreements reached with Twitter
President Muhammadu Buhari has approved the lifting of the suspension on the Twitter operations in Nigeria. The lifting will be…
Nigeria: FG Appoints New Director For NSIA
The Federal Government has approved the appointment of Dr Ogechi Paschal-Ejiogu to the board of directors of the Nigeria Sovereign…
Cardinalstone Securities Trades N143.6bn On NGX
Cardinalstone Securities Limited has said it traded a total value of N143.6bn on the Nigerian Exchange Limited. A statement on…
CBN Fails To Curb Inflation, Halt Naira Slide, Says Report
Bayelsa State Governor Douye Diri on Thursday granted the Nigerian Air Force request. Diri granted request for land to build…
The Nigerian Exchange Gains Over N23 Billion In A Single Day
The Nigerian Exchange has commenced the new week on a positive note to sustain the rally amidst sell-offs and buy-interests…
Nigeria’s Private Sector Borrows N5.16 Trillion From Banks In 11 Months 2021
Private sector credit rose to a record high of N35.31 trillion as of November 2021, representing N5.16 trillion net new…
World Bank slashes global growth forecast and warns about growing inequality
World Bank slashed its global growth forecast for 2022 and 2023 and cautioned a rise in inflation, debt and income…
Stanbic, Standard Chartered, Citi Lead As Banks Record $38.2bn Foreign Inflows
Stanbic IBTC, Standard Chartered Nigeria, and Citibank Nigeria lead as capital importation from banks hit $38.18bn in almost three years.…
We Are Not Affiliated With Access Capital Investment Platform, Says Access Bank
Access Bank Plc says it has no business engagement or affiliation with Access Capital Investment Platform, an online investment entity.…
FG Lifts Suspension On Twitter Operations
President Muhammadu Buhari has approved the lifting of the suspension on the Twitter operations in Nigeria. The lifting will be…
‘No Staff Will Be Affected In 2022’ — Standard Chartered Confirms Closure Of Nigerian Branches
Standard Chartered Bank has confirmed the closure of 50 percent of its Nigerian branches. Dayo Aderugbo, Head, corporate affairs, brand…
Days After Listing, BUA Foods’ Shares Jump 46.25%, Market Cap Hits N1.053trn
The shares of BUA Foods Plc have appreciated by 46.25 percent on the Nigerian Exchange Limited (NGX) after its formal…
COVID-19: Nigeria Yet To Vaccinate 50% Of Target Population, Says FG
The federal government has said the country was yet to vaccinate 50 per cent of its eligible population since the…
WhatsApp co-founder Acton named Signal’s interim CEO
Messaging app Signal’s founder Moxie Marlinspike will step down and WhatsApp co-founder Brian Acton will become the interim CEO. Acton…
Nigeria President Cancels Restoration Of INTELS’ Pilotage Contract
INTELS Nigeria Limited set to retain its service boat contract in the pilotage district of Lagos, Warri, Bonny, PortHarcourt and…
UBA’s Leo clocks 4, set to further transform digital banking in Nigeria, Africa
Africa’s global bank, United Bank for Africa has said that it has concluded plans to commemorate the 4th year anniversary…
Globacom Lifts Nigeria’s Mobile Subscribers To 140 Million — Highest In Six Months
The Nigerian Communications Commission (NCC) says the country’s internet subscribers rose to 140.41 million in November 2021. The commission said…
Higher Oil Prices’ll Drive Nigeria’s Economy By 2.5% In 2022 – World Bank
The World Bank has projected a 2.5 % economic growth for Nigeria in 2022, and 2.8% by 2023 as the…