MTN Record Oversubscription Of 139.47 Per cent In Share Sales
126,720 retail investors submitted valid applications and received full allotment as MTN Nigeria Communications Plc…
Citrix System Get Taken Into Private In $16.5 Bln Deal
Software company Citrix Systems said on Monday it would be taken private for $16.5 billion including debt by…
NASS moves to reduce budget deficit as it sets N3 trillion revenue target for…
The National Assembly said if resources are prudently spent the Federal Government were capable of generating N3…
FG probes 17 firms over breach of customers’ private data, hikes fines
A new report reveals the National Information Technology Development Agency engaged in 17 data breach…
MTN subscribers spend N46 billion on SMS
According to the earnings press release, MTN Nigeria raked in N46.41 billion from SMS revenue in 2021, representing…
Shoprite nigeria closes Maryland store, reopens Lekki outlet looted during…
Retail Supermarket owners of Shoprite in Nigeria, have announced plans to reopen the Circle Mall Store located in…
Solana’s ecosystem wallet, Phantom, clinches unicorn status as it raises $109…
Phantom, a software wallet and browser extension for the Solana ecosystem has raised $109 million in Series B…
Lawan: Government-owned enterprises can generate N3trn revenue annually
Senate President Ahmad Lawan says revenue generating agencies of the federal government are capable of generating…
CSO writes FG, demands details of N3tn budgeted for petrol subsidy in 2022
The People’s Alternative Political Movement has asked the federal government to provide details of the N3 trillion…
NGX: Total activity level declines on reduced local and foreign investors’…
NGX Domestic & Foreign Investment report for December 2021, The total value traded on the local bourse declined…
MTN mobile lending, VAS rakes in N70 billion in 2021
Giant telecom company MTN Nigeria reported a revenue of over N70 billion in 2021 from Value Added Services (VAS)…
AFEX seeks to raise $175m to finance agro-processors in Africa
AFEX one of Nigeria’s commodity players seeks to raise $175 million in its bid to provide low-cost financing to…
Japan’s Dec Unemployed Rate Drops As Monthly Employment Gain Hits Near…
The seasonally adjusted unemployment rate in December was lower than the 2.8% in the previous month, which was…
Sony To Acquire Videogame Developer ‘Bungie’ In $3.6 Bln Deal
Sony Interactive Entertainment will acquire Bungie Inc, the original creator of the "Halo" videogame and developer…
U.S. FTC To Review Microsoft Deal For Activision
An antitrust review of Microsoft Corp's proposed acquisition of Activision Blizzard will be handled by the U.S.…
CBN 100 For 100 Policy: 28 Companies Benefitted
Godwin Emefiele, governor of the Central Bank of Nigeria(CBN), says 28 companies benefitted from the first cycle of…
Nigeria App For US Stocks, Bamboo Raises $15million Series A funding
Bamboo, a Nigerian brokerage app that lets Africans buy and trade US stocks in real-time has secured a $15 million…
Commercial Bank Gives N2.5Billion Loan To Cocoa And Plantain Farmers Association…
The Cocoa and Plantain Farmers Association of Nigeria says it has secured a loan of N2.5bn for its members from a…
CBN Reduces Charges On Electronic Banking Transactions
The Central Bank of Nigeria (CBN) has reduced ATM withdrawal charges, inter-bank transfer fees as it issues a…
FG pays $194m for Port Harcourt refinery, plans additional $98m, N17.2bn
The Federal Government has processed $98m as partial payments for the ongoing rehabilitation of the Port Harcourt…
FUGAZ investors gain over N4 billion combined during the week
FUGAZ an acronym for the five biggest banks in Nigeria by market capitalization appreciated by 0.16% as investors…
Credit Suisse Faces $45.5 Million Claim – Court
Swiss prosecutors are pursuing around 42.4 million Swiss francs ($45.5 million) in compensation from Credit Suisse…
Nigeria’s forex inflow hits $55.5bn in seven months
The country recorded a foreign exchange inflow of $55.5bn in seven months, data obtained from the Central Bank of…
Stop introducing more taxes, financial experts urge FG
Financial experts have urged the Federal Government to stop the introduction of more taxes because of the nation’s…
Knife Capital Backs HR Software startup’s latest round
Wamly a one-way video interview software startup based in South Africa secures funding from local venture capital…
TIDE Africa II raises almost half its final goal with first close
Africa-focused venture capital firm TLcom Capital, known to have made bets on Andela and Twiga, is raising $150…
Oikocredit makes loan to C&I solar provider
Oikocredit has provided Ecoligo with a € 5 million loan for the purpose of solar energy growth used to power small…
Naira Appreciates at Official Markets As FX Turnover Drops To Two-Week Low
The exchange rate between the naira and the US dollar closed at N416/$1 at the Investors and Exporters (I&E)…
Amazon, AliExpress, Twitter, Zoom To Pay Tax On Profit Or Income Made In Nigeria
The federal government says non-resident companies (NRC) are mandated to remit 6% of turnover from digital services…
AI Capital, Google, Others Back InstaDeep’s 9-Figure Series B
A recent survey carried out by CNBC reported that 81% of executives worldwide say AI will play a notable role in…