$6b Bolt Shuns American Market, Focuses On Nigeria, Africa
America may arguably be the most stabilised economy by many indices, but $6b-valued ride-hailing company, Bolt is…
Nigeria, Eight Others Top African Countries With High Airport Charges – Report
Nigeria and eight others have been ranked as African countries with high airport taxes, a new report has revealed.…
Reps Extend NDDC’s 2020 Budget By Nine Months
The House of Representatives on Tuesday extended the expiration date of the 2020 budget of the Niger Delta…
Delta Airlines Records Surge In Bookings As US Opens Up
Delta Air Lines says it will be increasing flights from key European cities into the United States following the…
UNICEF, Jumia Plan Internet For Nigerian Schools
The United Nations Children’s Fund and Jumia, an African e-commerce platform, have partnered in support of Giga’s…
Crypto Firms Practise High-Level Illegality, Alleges Emefiele
The Governor of the Central Bank of Nigeira, Godwin Emefiele, has again expressed the apex bank’s disapproval for…
ENaira May Reduce Deposits In Commercial Banks, IMF Warns CBN
The International Monetary Fund has said the eNaira wallet may function as a deposit at the Central Bank of Nigeria…
Microlenders Leverage Cloud Software To Tackle Rising Default Rate
Amid the growing rate of default in the micro-credit ecosystem, Configure, a bank-level core lending platform that…
BoI: We Disbursed N1trn Loans To Over 327,000 Businesses In Five Years
The Bank of Industry (BoI) says it has disbursed N1 trillion worth of loans to over 327,000 micro, small and medium…
Evergrande Chief’s Luxury Assets In Focus As His Company Scrambles To Pay…
As developer China Evergrande Group scrambles to meet its debt obligations, its founder is freeing up funds from…
Alleged Importer Of Fake Tramadol Gets N10m Bail
A Federal High Court sitting in Lagos, on Monday, granted a N10 million bail to a 43-year-old businessman,…
States Get Reduced Rate On Loans, N656bn Bridging Facility
The federal government has cut down to 5 per cent, the interest rate on intervention facilities to state…
EFCC Drags CEO To Court Over $100m Fraud
Economic and Financial Crimes Commission (EFCC) has dragged the Group Managing Director (GMD) of an oil marketing…
Vodafone Raises Free Cash Flow Guidance After ‘Solid’ First Half
Mobile operator Vodafone raised its forecast for this year's free cash flow on Tuesday after it reported 6.5%…
Tesla’s Musk Sells $930 Million In Shares To Cover Stock Option Tax –…
Tesla CEO Elon Musk has sold $930 million in shares to meet tax withholding obligations related to the exercise of…
U.S. States File Updated Antitrust Complaint Against Alphabet’s Google
A group of U.S. states led by Texas have filed an amended complaint against Alphabet Inc's Google accusing the…
Poverty Rate In Most North-East States Is 70% – World Bank
The World Bank has put poverty rate in most states of the North-East at 70 per cent, adding that the region suffers…
Keystone Bank Denies Reports On Its Meeting With Reps Committee On Recovery
Keystone Bank Limited has said that reports in some sections of the online media on its meeting with the House of…
ALERT: Iranian Hackers Targeting Telcos In Nigeria, NCC Warns
The Nigerian Communications Commission (NCC) has alerted Nigerians about the existence of a hacking group…
Dave Chappelle For Gender Realism
How does a millionaire celebrity comedian with a boatload of awards retain his subversive edge? The great Richard…
Amazon Settles With California Over Claims It Concealed Covid-19 Cases From…
Amazon on Monday reached a settlement with California’s attorney general over claims it concealed Covid-19 case…
Nigeria To Benefit As Afreximbank Pledges $40bn For Intra-African Trade
The African Export-Import Bank (Afreximbank) says it will disburse $40 billion to support intra-African trade over…
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 large-cap stocks saw the…
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 to figures…
Four Banks Borrow $6.21bn From Foreign Market Amid Dollar Shortage
In a bid to support their balance sheets with foreign exchange, four banks in the country raised $6.21bn from…
JPMorgan Sues Tesla For $162 Million In Warrants Dispute Around Elon Musk…
JP Morgan Chase filed suit against electric vehicle maker Tesla in a dispute over warrants, according to court…
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…
CBN: Bridging Unbanked Space, Stimulating Digital Transactions
When the Central Bank of Nigeria (CBN) mooted the idea of the e-Naira in 2017 as part of the CBN Governor, Godwin…
FG To Review 41-Year-Old Map Of Nigeria
The Federal Government has concluded plans to review the current map of Nigeria, which was produced by the Canadian…
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 and services, declined for the…