Investor Warburg Cuts Ant Valuation By 15% To Below $200 Bln – Source
Warburg Pincus, a major global investor in Ant Group, has cut its valuation of the Chinese fintech company by 15%…
Ecobank Warns Prospective Buyer Of Honeywell Flour LTD Says Company Facing Winding…
Consequent upon media reports on the move by Flour Mills Nigeria PLC to acquire 71.69 percent of Honeywell Group…
Agricorp Invests N4bn In Poultry Production
Agricorp International, Nigeria’s agriculture producing, processing and export company, has invested N4bn into…
Dollar Shortage, Subsidy, Deficit Financing Threatening Nigeria’s Growth – W’Bank
The World Bank has said that economic growth in Nigeria is being threatened by certain macroeconomic challenges,…
CBN Disburses N41.2bn To Cut Wheat Imports
The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said the bank has disbursed N41.2bn…
Apple Sues Israeli Spyware Maker NSO Group Over IPhone Attacks
Apple is suing Israeli spyware firm NSO Group and its parent company for allegedly targeting iPhone users with a…
First Bank Too Big To Be Owned By One Person — CBN
The Central Bank of Nigeria (CBN) has said that it would be guided by the decision of the Securities and Exchange…
SEC Approves MTN Offer For Sale Of 575 Million Shares
MTN Nigeria Communications Plc has obtained the approval of the Securities and Exchange Commission for the offer…
India Announces Bill To Ban Cryptocurrencies
India’s government will introduce a bill to ban private cryptocurrencies and create a framework for a central…
US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices
The US has said it is releasing 50 million barrels of oil from its reserves in an attempt to bring down soaring…
Stock Trading Volume Drops, Market Cap Stalls At N22.58tn
The market capitalisation of stocks listed on the Nigerian Exchange Limited remained unchanged at the end of…
BREAKING: CBN Retains Lending Rate At 11.5%
The Monetary Policy Committee of the Central Bank of Nigeria has left the Monetary Policy Rate unchanged at 11.5…
Railway: 24 Firms Jostle For E-Ticketing Contract
No fewer than 24 companies have bidded for the electronic ticketing solutions for the Lagos-Ibadan and the…
Musk Chides Binance CEO On Dogecoin Glitch
Tesla founder Elon Musk on Tuesday delivered a stinging rebuke to Binance Chief Executive Changpeng Zhao on Twitter…
Asia Stocks Fall, Dollar Firm On U.S. Rate Hike Bets After Powell’s…
Asia stocks faltered on Tuesday, tracking a retreat on Wall Street as traders bolstered their bets on U.S. rate…
Citigroup To Create 100 Roles In Digital Asset Push
Citigroup is looking to create 100 roles focused on digital assets including blockchain and digital currencies at…
ENaira’ll Work With Other Countries’ Digital Currencies – CBN
The Central Bank of Nigeria has said that the implementation of the country’s digital currency will be done in four…
Pokemon Go Creator Niantic Valued At $9 Bln After Coatue’s Investment
Niantic Inc, the augmented reality (AR) platform behind Pokemon Go, raised $300 million from hedge fund Coatue at a…
Zoom Shares Fall After Results As Wall Street Turns Cautious On Growth
Zoom Video Communications Inc's third-quarter revenue growth rate slowed to 35% as demand for its…
Italy’s Antitrust Fines Amazon, Apple More Than 200 Mln Euros For Alleged…
Italy's antitrust authority has fined U.S. tech giants Amazon and Apple a total of more than 200 million euros…
Chinese Tech Giant NetEase Launches $500 Million Hong Kong IPO For Its Music…
NetEase has launched the Hong Kong initial public offering (IPO) of its music business Cloud Village which…
Dismantle Trade Barriers To Grow Africa’s Economy, Dangote Urges Leaders
African leaders have been urged to dismantle trade barriers stifling their individual countries, in a bid to ensure…
Capital Inflow Crashes By 80%, Foreign Investors Shun Nigerian Market
Capital inflow to Nigeria has crashed by 80 per cent in two years, the Central Bank of Nigeria reports have…
Naira Loses Steam, Sides To 555/Dollar In Parallel Market
The naira lost steam at the parallel market on Monday, sliding to 555 per dollar.
The local currency had crashed…
Powell Tapped For Second Term As Fed Chair
Federal Reserve Chair Jerome Powell was nominated for a second four-year term by President Joe Biden on Monday,…
FMN, Honeywell Flour Mills Merge Under N80billion Shares Transfer Deal
Flour Mills of Nigeria Plc (FMN) and Honeywell Group Limited On Monday announced that they have signed an agreement…
Illiquidity: BMBs, Merchant Banks Borrow N215.7bn From CBN In One Week
Following scarcity of liquidity in the interbank money market, banks and merchant banks borrowed N215.7billion from…
Forex Row Threatens Fuel Supply, Price Stability
The lingering row between private depot owners and the Federal Government over dollar payment of dues and levies is…
OPEC+ Exceeded Quota By 116% In October As Nigeria, Angola Underperformed
The compliance by members of the Organisation of Petroleum Exporting Countries (OPEC) and their allies known as…
KKR Buyout Offer Sends Telecom Italia Shares Surging 27%
Telecom Italia shares jumped more than 27% on Monday morning after U.S. private equity giant KKR launched a 10.8…