Inflation May Push 91 Million Nigerians Below Poverty Line – W’Bank
The World Bank says the general increase in food prices which occurred between June 2020 and June 2021 may have…
ENaira Will Reduce Tax Evasion, Says CITN
The President, Chartered Institute of Taxation of Nigeria, Mr Adesina Adedayo, has said the introduction of eNaira into the Nigerian…
British Council Unveils Programme To Boost Entrepreneurship
The British Council has launched a new programme to foster and strengthen universities’ support for innovation and entrepreneurship. It said…
25 Million Nigerians Will Be Taken Out Of Poverty’ – Osinbajo
The Vice President, Professor Yemi Osinbajo, has said that the Nigerian Diaspora Investment Summit (NDIS) is one of the surest…
Nestle Loses N7.93 Billion In Market Value As Share Price Drops By N10
At the end of today’s trading session, Nestle Plc share price depreciated by 0.71% to close at N1390.00 per share,…
South African Payments Gateway Ozow Raises $48M Series B Led By Tencent
According to a 2019 report by Deloitte, about 80% of South Africans have a bank account but only 24% of them…
Reps Probe Alleged Fraud Of W’Bank Funds For Assets Insurance
The House of Representatives has urged the Federal Ministry of Finance, Budget and National Planning, the National Insurance Commission and…
Dollar Soars On Upbeat U.S. Data But Asian Stocks Wobble
The dollar strengthened through key resistance levels on Wednesday, propelled by better-than-expected U.S. retail data, although the upbeat news was…
Qualcomm Hits Record High After It Tells Investors It Will Grow Without Apple
Qualcomm stock closed up 7.9% on Tuesday after it issued bullish forecasts at an investor’s conference in New York and said…
Chinese Tech Giant NetEase Revives Hong Kong IPO Of Its Music Streaming Arm
China — Cloud Village — the music streaming arm of NetEase — is pushing ahead with an initial public offering in Hong…
Carlyle Agrees To Buy Swiss Industrial Software Firm AutoForm
U.S. buyout fund Carlyle said on Wednesday it had agreed to acquire Swiss industrial software firm AutoForm AG from private…
Nokia To Launch Cloud-Based Software Subscription Service
Nokia said on Wednesday it plans to launch a cloud-based software subscription service targeting telecom companies for providing software around…
Amazon To Stop Accepting Visa Credit Cards Issued In UK
Amazon.com Inc will stop accepting payments made using Visa Inc credit cards issued in the United Kingdom starting next year.…
Baidu Quarterly Results Top Estimates On Ad Sales, AI
China’s Baidu Inc beat Wall Street estimates for quarterly revenue and adjusted profit on Wednesday, helped by stronger advertising sales…
How Euro-Area Inflation Could Overshoot 2% In 2023
European Central Bank Governing Council member Pierre Wunsch just said that it “won’t take much” for euro-area inflation to hit…
Dubai Starts Issuing Five-Year Entry Permits For Foreign Workers
Dubai started issuing five-year multi-entry permits for employees of international companies, the latest in a series of moves aimed at…
Three Pharma Firms Rake $93.5m From Covid-19 Daily
Pfizer, BioNTech and Moderna are making combined profits of $93.5million daily from their highly successful Covid-19 vaccines while the world’s…
US Launches Project To Empower 300 Osun Schoolgirls
The United States Consulate General has launched a project aimed at empowering 300 high school girls in Osun State to…
FMDQ Lists MTN Nigeria’s N110bn Bond
FMDQ Securities Exchange Limited has agreed to list MTN Nigeria’s N110 billion series 1 senior unsecured fixed rate bond. Karl…
$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 not playing in…
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. Niger,…
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 Development Commission…
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 reopening…
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 work in Nigeria…
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 cryptocurrency transactions…
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 enables users to…
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…
Evergrande Chief’s Luxury Assets In Focus As His Company Scrambles To Pay Debts
As developer China Evergrande Group scrambles to meet its debt obligations, its founder is freeing up funds from luxury assets including…