Foreign Inflows Fall By 32%, UK, South Africa, Others Slash Nigeria Investments
The Central Bank of Nigeria has disclosed that capital importation into the country fell by 32 per cent to $500m in…
International Airlines Cancel Flights To US Over 5G
It’s strange that 5G will cause interference, says telcos
International airlines are beginning to cancel scheduled…
Nigeria To Partner Egypt On Technical Support For Power Transmission
The Federal Government has announced plans to partner Egypt in the areas of technical support in the transmission…
WeTransfer Owner WeRock Seeks $714-813 Million Valuation In IPO
The company that owns the WeTransfer file service will be valued at between 629 million and 716 million euros…
Amazon Set To Open It’s First Apparel Store
The first Amazon Style store, located in the Los Angeles suburb of Glendale, Calif., will open its doors later this…
10-Year U.S. Treasury Yield Rise Above 1.83 Percent
The sudden spike in the 10-year U.S. Treasury yield eased on Thursday morning, with it rising slightly to hover…
Dangote Oil Refinery To Reduce Importation Of Petroleum Products By 36 Per cent
The African Petroleum Producers Organisation (APPO) has said that Dangote Oil Refinery would reduce importation of…
Norway “Telenor” Partners With Amazon To Modernize Its Telecoms Systems
Norway's Telenor said on Thursday it had partnered with Amazon Web Services (AWS) to speed up the modernisation of…
Nigeria: FEC Approves N56.2 Billion For Road Construction
The federal executive council (FEC) has approved contracts worth N56.2 billion for the construction of…
Naira depreciates as banks shift BTA/PTA rates to N419 per dollar
The value of the Nigerian naira depreciated by 1.5 percent as banks shifted personal travel allowance (PTA) and…
Oracle Opens Data Centre In South Africa
Oracle, a cloud infrastructure firm, says it has opened a data centre in South Africa — its first cloud region in…
Nigerian Food-Tech Startup “Orda”Raises $1m In Pre Seed Round
Orda, a Nigerian food-tech startup, says it has raised a pre-seed round capital of $1.1 million to expand its…
Nigeria: Tinubu, Alpha Beta Ex-MD Considers Out-Of-Court Settlement
A former Managing Director of Alpha Beta Consulting, Dapo Apara, the All Progressives Congress leader, Bola Tinubu;…
Oil Hit Highest Price Since 2014
Oil jumped to a seven-year high early on Tuesday, a day after Yemeni Houthis attacked targets in the United Arab…
Nigeria: President Buhari to unveil CBN rice pyramids
President Buhari will unveil one million pyramid-shaped sacks of rice paddy in Abuja today.
The pyramids which…
After eight months of decline, Nigeria’s inflation rate rises to 15.63%
After eight months of decline, Nigeria’s headline inflation rate rose to 15.36% in December 2021, from 15.50%…
Parallex transforms from microfinance to commercial bank
Parallex Bank says it has officially transitioned from a microfinance institution to a commercial bank.
The bank…
Insurance firms’ assets hit N2.09tn amidst recapitalisation suspension
The insurance sector’s total assets have risen by N228.24bn in 15 months despite the suspension of the National…
NGX reopens bearish as losses in 22 stocks drag indices by N29bn
Nigerian Exchange Limited NGX resumed trading for the week on a downturn yesterday, as losses in 22 stocks dragged…
OpenSea Monthly Trading Volume Exceeds $3.5 Billion
The world’s largest Non-Fungible token (NFT) marketplace, OpenSea, has seen its monthly trade volume in Ether (ETH)…
Ford Signs Five-Year Payments Deal With Stripe
Online payment processor Stripe has signed up Ford Motor Company as a customer, in a five-year deal aimed at…
China Delivery “Starbucks” Partners With Meituan Tie-Up
Starbucks said on Tuesday it has entered into a partnership with China's Meituan that will allow its Chinese…
EU Spike Fines For Breaches Of EU Privacy Law
Fines for violations of the European Union’s landmark privacy law have soared nearly sevenfold in the past year,…
UK Self-Driving Startup Wayve Raises $200 Mln From Investors
British self-driving technology startup Wayve said on Tuesday it has raised $200 million from investors to scale up…
Twitter Expand Test Feature For Flagging Misleading Content To Brazil, Spain And…
Twitter Inc said on Monday it will expand its test feature which allows users to flag misleading content on its…
Chinese E-Commerce Giant JD.Com Sets Challenge To Amazon With First ‘Robotic…
Chinese e-commerce giant JD.com has opened two retail stores in the Netherlands that it says will be manned…
FG records N307.49bn revenue shortfall in four months
According to data obtained from CBN, the Federal Government recorded a revenue shortfall of N307.49bn from July to…
Ronchess Global Resources Plc. Restructures Company Board
Following a successful listing on the Nigerian Exchange on January 12, 2022, Ronchess Global Resources Plc notified…
AgDevCo sells commercial farm to Ghanaian agribusiness
BFC is a 356 hectare irrigated commercial farm developed by AgDevCo from greenfield. The project was a proof of…
Verdant holds first close for hybrid capital Fund
Hybrid Fund initially has $36 million of committed capital Support for micro, small and medium-sized enterprises…