Category: Market
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…
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…
Bitcoin Drops Nearly 7% Toward $60,000 As Major Cryptocurrencies Plunge
Bitcoin and other cryptocurrencies fell sharply on Tuesday retreating from near-record highs. Bitcoin fell toward…
CBN: Bridging Unbanked Space, Stimulating Digital Transactions
When the Central Bank of Nigeria (CBN) mooted the idea of the e-Naira in 2017…
Nigeria’s Inflation Rate Drops To 15.99% — Seventh Consecutive Decline In 2021
The consumer price index (CPI), which measures the rate of change in prices of goods…
WeWork Shows More Losses In Its First Quarterly Report As A Public Company
WeWork shares were up more than 2% Monday after the company announced third-quarter earnings, the…
Nigeria Home To 9,100 Dollar-Millionaires, Worth $207 Billion
Nigeria has recorded about 9,100 high net worth individuals (HNWIs) each with minimum net assets…
Burger King Parent Restaurant Brands International Buys Firehouse Subs For $1 Billion
Burger King parent Restaurant Brands International announced Monday it bought Firehouse Subs for $1 billion.…
Fresh Loans To Push Nigeria’s Debt Stock To N52tr
The fresh $16.23 billion and 1.02 billion approved for the Federal Government will push Nigeria’s…
Outrageously Expensive Nigerian Ports
The recent revelation that Chinese shipping lines and their agents in Nigeria have introduced double…
Oil Was Almost $150 The Last Time U.S. Gasoline Cost This Much
U.S. retail gasoline prices are poised to average more than $4 a gallon in three…
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…
Ata Capital Completes RCA’s MBO
Ata Capital has completed a management buyout (MBO) of Respiratory Care Africa (RCA), a medical…
Nigerian E-Health Pharmaceutical Distribution Startup DrugStoc Secures $4.4 Million Series A Funding, Embarks On Expansion Drive
The pharmaceutical supply chain across Africa has for decades remained fragmented leading to sourcing and…
Apple TV+ hopes to build on rivals’ success with first Korean series
Hot on the heels of Netflix’s breakout South Korean hit “Squid Game,” Apple has rolled out…
Chinese Investors Acquire 120 Hectares Of Land In Akwa Ibom For Hendai City
A multibillion dollars modern city development project promoted by the Chinese investors , Hendai Investment…
IBM, Amazon Partner To Extend Reach Of Data Tools For Oil Companies
International Business Machines Corp and Amazon.com Inc’s Amazon Web Services said on Monday they would work together…
FG To Auction N150 Billion Bonds In November
The Debt Management Office has said the Federal Government will offer N150bn bonds for subscription…
FG Inaugurates Housing Portal, Urges Nigerians To Apply
The Federal Government, on Friday, inaugurated a portal for its National Housing Programme and urged…
Musk Continues To Sell Shares After Twitter Poll
Tesla Inc Chief Executive Officer, Elon Musk, has sold an additional portion of his share…
Alibaba, JD Enjoy Record Singles Day Despite Tech Crackdown
Chinese ecommerce titan Alibaba enjoyed record sales during its Singles Day shopping extravaganza, giving a…
Foreign Investors Prefer Nigerian Banks’ Eurobonds To Their Stocks
Foreign investors can’t get enough of Nigerian banks’ Eurobonds but won’t touch their stocks with…
Federal Government of Nigeria To Use NIN To Identify, Monitor Internet Users In Nigeria – Pantami
The Federal Government has stated that it plans to use the mandatory National Identification Number…
CBN Urges Nigerians To Embrace E-Naira
The Central Bank of Nigeria (CBN) yesterday called on Nigerians to embrace e-naira, the nation’s digital…
Reps Ask CBN To Recover NNPC’s Funds In Banks
The House of Representatives has sought the intervention of the Central Bank of Nigeria (CBN)…
Twitter To Launch Dedicated Crypto Team
Twitter is expanding further into the world of cryptocurrencies as the social media giant is…
Flutterwave Acquires Disha, A Creator Platform That Planned To Shutter In February
In February, Disha, a Nigeria-based platform that allows digital creators to curate, sell digital content,…