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…
WeWork Shows More Losses In Its First Quarterly Report As A Public Company
WeWork shares were up more than 2% Monday after the company announced third-quarter earnings, the company’s first…
Nigeria Home To 9,100 Dollar-Millionaires, Worth $207 Billion
Nigeria has recorded about 9,100 high net worth individuals (HNWIs) each with minimum net assets of one million…
Burger King Parent Restaurant Brands International Buys Firehouse Subs For $1…
Burger King parent Restaurant Brands International announced Monday it bought Firehouse Subs for $1 billion.…
After PSB Approval, Airtel Gets CBN’s Nod To Operate As A Super Agent In Nigeria
Airtel Africa Plc says it has been granted approval-in-principle by the Central Bank of Nigeria (CBN) to operate as…
Portugal Makes It Illegal For Bosses To Contact Employees Outside Working Hours
Portugal has passed new labor laws which include a ban on bosses contacting employees outside of working hours.…
Fresh Loans To Push Nigeria’s Debt Stock To N52tr
The fresh $16.23 billion and 1.02 billion approved for the Federal Government will push Nigeria’s debt stock to…
Outrageously Expensive Nigerian Ports
The recent revelation that Chinese shipping lines and their agents in Nigeria have introduced double charges on the…
Oil Was Almost $150 The Last Time U.S. Gasoline Cost This Much
U.S. retail gasoline prices are poised to average more than $4 a gallon in three states for the first time in 13…
African Fintech Startup Chipper Cash Raises $30M Backed By Jeff Bezos
African cross-border fintech startup Chipper Cash has raised a $30 million Series B funding round led by Ribbit…
Influenced By N4.28trn 2021 Budget Deficit Financing, FG Lists N812.2bn Bonds On…
Following the drive to raise funds to finance the N4.28 trillion 2021 budget deficit, the federal government listed…
AfricInvest’s Private Credit Unit Backs Kenya’s RFH Healthcare
AfricInvest, a pan-African asset management platform that makes private equity, venture capital and private credit…
Oikocredit Makes Debt Investment In Senegalese Microlender CMS
Social impact investor Oikocredit has provided debt capital of €5 million ($5.8 million) to Union des Caisses de…
Ata Capital Completes RCA’s MBO
Ata Capital has completed a management buyout (MBO) of Respiratory Care Africa (RCA), a medical devices supplier,…
MFS Africa Raises $100m For Massive Expansion Across Africa
MFS Africa, Africa’s largest digital payments network, has raised US$100 million through an equity and debt…
Fidelity, Visa And Kingsway Back South African Fintech JUMO In $120M Round
JUMO, a South Africa- and London-based company that offers financial services to entrepreneurs and businesses in…
Nigerian E-Health Pharmaceutical Distribution Startup DrugStoc Secures $4.4…
The pharmaceutical supply chain across Africa has for decades remained fragmented leading to sourcing and…