Turkish Lira Hits All-Time Low Before Country’s Central Bank Meeting
The Turkish lira on Thursday continued its slide ahead of the country’s central bank meeting.
The currency…
Ford Partners With GlobalFoundries To Increase Chip Supplies
Ford Motor plans to increase its short- and long-term supply of semiconductor chips through a new partnership with…
NCS To Boost Innovation Among Tech Startups With N50 Million
The Nigeria Computer Society (NCS), the umbrella body for all Information Technology (IT) practitioners in Nigeria,…
FG Raises Power Tariff December, Begins Free Meters Purchase
Power consumers nationwide may start to pay more for electricity, following plans by the Federal Government to…
South Africa’s MTN, IHS In $410m Towers Deal
MTN Group Ltd. and IHS Holdings Ltd. agreed to a 6.4-billion-rand ($410 million) tower-deal in South Africa,…
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…
Alibaba Misses Expectations As Earnings Plunge 38% In The September Quarter
Alibaba on Thursday missed revenue and earnings expectations for the September quarter, as slowing economic growth…
Germany’s $9 Billion Digital Bank N26 To Withdraw From The U.S.
German digital bank N26 is shutting down its U.S. operations, less than two-and-a-half years after it launched in…
Emirates Could Return To Nigeria Under New Testing Agreement
The end of a travel ban between The United Arab Emirates (UAE) and Nigeria could happen if both countries are…
EU Lawmakers Agree On Rules To Target Big Tech- FT
European Union lawmakers have reached a deal on how to target big tech companies, as part of a move to limit…
China’s WeRide To Launch Robotaxis On GAC’s Ontime Ride-Hailing App
WeRide, a China-based autonomous driving startup, said on Thursday it plans to make its robotaxis available for…
Google Signs 5-Year Deal To Pay For News From AFP
Alphabet Inc's Google will begin paying Agence France-Presse for its news content as part of broad five-year…
Nigeria To Exploit $10.5bn Potential In Shipping Industry
With its long coastline, unique location, large oil and gas deposit, large and growing population, among others,…
US Removes Nigeria From Religious Violators’ List
The United States has removed Nigeria from its list of religious violators, even as it blacklisted Russia, China…
Fuel Scarcity Looms Across Nigeria As Abuja Groans
Scarcity of Premium Motor Spirit (PMS) worsened in Abuja, yesterday, amid signs the trend could spread across the…
U.S. FTC Says Court Should Allow Antitrust Lawsuit Against Facebook To Proceed
The U.S. Federal Trade Commission said on Wednesday that a federal court should allow an antitrust lawsuit it filed…
CBN Signs Up 488,000 ENaira Wallets, 78,000 Merchants Globally
Transactions cross N60m as experts express reservation over economic impacts
Apex Bank explains its intervention…
Oil Exploration: NNPC Gets $1.04 Billion Facility From Afreximbank
The African Export-Import Bank, Afreximbank, has signed a $1.04 billion dollar facility with the Nigerian National…
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…
Nigeria’s Remittance Inflow Rebounds, Hits $17.6bn, Says W’Bank
Nigeria’s remittance inflow is set to hit $17.6bn and push inflows to Sub-Saharan Africa to $45bn in 2021, a new…
VAT Declines As FG, States, LGs Share N672bn
The Federal Government, 36 states of the federation and the 774 local government areas of the country shared the…
Inflation May Push 91 Million Nigerians Below Poverty Line – W’Bank
The World Bank says the general increase in food prices which occurred between June 2020 and June 2021 may have…
ENaira Will Reduce Tax Evasion, Says CITN
The President, Chartered Institute of Taxation of Nigeria, Mr Adesina Adedayo, has said the introduction of eNaira…
British Council Unveils Programme To Boost Entrepreneurship
The British Council has launched a new programme to foster and strengthen universities’ support for innovation and…
25 Million Nigerians Will Be Taken Out Of Poverty’ – Osinbajo
The Vice President, Professor Yemi Osinbajo, has said that the Nigerian Diaspora Investment Summit (NDIS) is one of…
Nestle Loses N7.93 Billion In Market Value As Share Price Drops By N10
At the end of today’s trading session, Nestle Plc share price depreciated by 0.71% to close at N1390.00 per share,…
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…