Uber Posts Net Loss Of $2.4 Billion In Q3, But Delivery Business Outperforms
On Thursday, November 4, 2021, Uber announced its third-quarter earnings. In after-hours trading, shares rose 1%…
World Bank: Moving Goods Locally In Nigeria Is Expensive
The World Bank says it costs more to move goods locally in Nigerian than in the United States of America, stating…
Twitter Plans To Allow Space User Access Live Audio Session
Social media giant, Twitter is improving on its functionality to allow Spaces users access live audio sessions …
Africa Requires $2.8 Trillion Investment To Transition To Clean Energy By 2050 –…
Energy experts at PricewaterhouseCoopers (PwC) have said that African countries will need an estimated $2.8…
E-Naira Complete N46.3Million Transactions Since Launching
The eNaira, Africa’s first digital currency, successfully completed N46.3 million worth of transactions in less…
Jaiz Bank Recorded N3.3 Billion Q3 Profit Before Tax
Jaiz Bank Plc has declared a N3.3 billion profit before tax of N3.3 billion in the third quarter of this year.…
New Cybersecurity Format Threatens Hybrid Workplace
Latest Security report, titled: Out of Sight and Out of Mind, a comprehensive global study highlighting how the…
Google Virtual Accelerator Programme Now Open For Startups In Nigeria
Google has said application to its three-month virtual accelerator programme is now open to startups in Algeria,…
Meta (Facebook) Plans To Open It’s First Retail Store
Meta is in discussion and may soon open its first retail store as it looks to break into the metaverse to allow the…
Nigeria: Private Sector Credit Hit N33.8 Trillion
Nigeria’s credit to the private sector ballooned to another all-time high of N33.8 trillion as of September 2021.…
U.S. Charges Ukrainian And Russian In Major Ransomware Spree
The U.S. Justice Department charged a Ukraine national and a Russian in one of the worst ransomware attacks…
Nigeria: Over 40 Million Unbanked Adult To Enjoy Mobile Money
Estimated at over 40 million, Nigeria’s unbanked adult population who are mostly in the hard-to-reach rural…
Robinhood Said Third Party Obtained Access To Customers Email
Robinhood Markets said on Monday a third party had obtained access to the email addresses of about five million of…
SoftBank Shares Rise Above 10%
SoftBank Group Corp shares jumped 10% on Tuesday, the first trading session after the Japanese conglomerate said it…
Shares In Asia-Pacific Market Mixed; Bitcoin Touches Record High
Shares in Asia-Pacific were mixed in Monday trade following overnight gains on Wall Street that took the major…
Nigeria Stock Market Investors Gain N643.1 Billion
The Nigerian stock market began the week on a positive note as investors gained N643.14bn at the end of trading on…
CBN 100 For 100 PPP Maximum Is N5 Billion
The Central Bank of Nigeria has fixed the maximum loan amount that a participant in its newly introduced…
Rainoil Acquires Majority Stake In Eterna Plc
Rainoil Limited, a leading player in the downstream oil and gas industry, has completed the acquisition of majority…
Twitter Users Suggest Elon Musk Should Sell Part Of Tesla Stake To Pay Tax
Twitter users have voted that Elon Musk, the billionaire founder of Tesla Inc., should sell 10 percent of his stake…
Cryptocurrency Market Now Worth Over $3 Billion
The world cryptocurrency market is worth more than $3 trillion for the first time, according to calculations…
EFCC Operatives Clash With Prison Officials Over Custody Of Maina
There was a commotion at the federal high court in Abuja on Monday after the sentencing of Abdulrasheed Maina,…
FMDQ Securities Exchange Limited Partners With Luxembourg Stock Exchange
FMDQ Securities Exchange Limited has partnered with Luxembourg Stock Exchange (LuxSE) to facilitate the dual…
Yuan Steady Against A Firm Dollar After Strong China Trade Data
The yuan hovered around 6.40 per dollar on Monday as strong Chinese trade data lent support and
helped offset…
Customs Explores E-Naira For Duty Collection
The Nigeria Customs Service (NCS) has expressed readiness to begin collection of import duty with the e-naira that…
Freight Forwarders Vowed To Resume Industrial Action
Freight forwarders have vowed to resume the suspended industrial action at the expiration of a new notice issued to…
N4tr Power Liquidity Crisis: Stakeholders Urge CBN To Review Interventions
Stakeholders in the Nigerian power sector are unsettled on the need for the Central Bank of Nigeria (CBN) to…
CBN Confiscates 67,000 Counterfeit Naira Notes In 2020
Higher banknotes’ share of value of currency in circulation is 98%
A total of 67,265 banknotes with a nominal…
Japan Economic Stimulus Seen Topping $265 Billion, Require New Debt
Japan is considering an economic stimulus package worth more than 30 trillion yen ($265 billion) aimed at easing…
China’s Crude Oil Imports Plunged In Oct Fall To Lowest In Three Years
China’s crude oil imports plunged in October to the lowest since September 2018, as large state-owned refiners…
CBN’s Suspension Of Foreign Exchange Supply To BDCs Boosts Banks’ Income As 6 DMBs…
With Central Bank of Nigeria (CBN) suspending Foreign Exchange (FX) supply to Bureau De Changes (BDCs), a total of…