NIPOST Alleges Shady Deals In Capital Market, Raids Firm Over N15m Illegal Contract
The Courier and Logistics Regulatory Department (CLRD) of the Nigerian Postal Service (NIPOST), at the weekend, uncovered some of the…
Stocks Making The Biggest Moves In The Premarket: Sanderson Farms, U.S. Foods, Tyson Foods And More
Sanderson Farms (SAFM) – The poultry producer agreed to be acquired for about $4.5 billion, or $203 per share, by…
SPACs are getting hit by a rising number of class-action lawsuits as more hyped-up deals turn out to be flops.…
Deliveroo Shares Rise After German Rival Takes Stake In The Business
Shares of food delivery firm Deliveroo climbed over 10% Monday after the company announced larger German rival Delivery Hero has…
Treasury Yields Start The Week Higher With Job Openings And Inflation Data In Focus
Treasury yields rose early on Monday, with investors focusing on job openings data set to come out later in the…
Helios Fairfax Taps Ujiri As Non-Executive Director
Helios Fairfax Partners Corporation (“Helios Fairfax”) (TSX:HFPC.U) announces that it has appointed Masai Ujiri as an independent director. Ujiri grew…
Oikocredit Provides Loan To Malian Mango Processor
Social impact investor Oikocredit provided a loan of € 1.6 million to Comafruits, a fruit processing company in Mali. Comafruits…
Kenya Wapi Pay Secures $2.2m Pre-Seed Round To Ease Payments Between Africa And Asia
Investors that took part in the round include MSA Capital, EchoVC, Kepple Africa, Future Hub, Transsion Holdings and Gobi Ventures.…
Naspers Foundry Makes Second Insuretech Deal In Two Weeks
Naspers has been making news headlines in the past few weeks, with Naspers’ subsidiary Prosus coming under pressure due to…
Kuda Valued At $500 Million After Quick Series B
The Nigerian fintech company, Kuda, announced Monday it has closed a $55 million Series B funding co-led by Valar ventures…
African Utilities Group Eranove Gains New Key Shareholder
Africa-focused public utilities manager Eranove Group has a new key shareholder after a $200 million investment by a company formed…
Asia-Pacific Markets Advance, With Hong Kong Shares Up Almost 1%
Asia-Pacific markets traded mostly higher on Monday, with indexes in Australia, Hong Kong and the Chinese mainland posting gains. Australia’s…
Stock Futures Are Flat After Dow Closes At Record Friday
Stock futures were flat in overnight trading Sunday after the Dow Jones Industrial Average notched a record close Friday following…
Southeast Asia’s Tech Start-Ups Could be valued at $1 trillion By 2025, VentuCapital Firm Predict
Southeast Asia’s technology start-ups had a combined valuation of $340 billion last year and that figure may jump more than…
European Markets Set To Start The Week On A Negative Note
European stocks are expected to open in negative territory on Monday, bucking more positive sentiment overnight in Asia. London’s FTSE…
Dollar Hits Four-Month High On Euro As Markets Bet On Earlier Fed Taper
The dollar climbed against major peers on Monday, reaching a four-month high versus the euro, as traders positioned for an…
Capitalism Alone Won’t Deliver Herd Immunity
Get the shot or stay away: That’s what U.S. companies from United Airlines (UAL.O) to BlackRock (BLK.N) are telling employees as Covid-19 continues to…
Exxon Suspended From Climate Advocacy Group It Helped Form
Exxon Mobil Corp (XOM.N) was suspended from advocacy group Climate Leadership Council (CLC) that looks to make policies to address climate change,…
Oil Slides On China COVID-19 Curbs, Strengthening U.S. Dollar
Oil prices fell nearly 2% on Monday, extending last week’s steep losses on the back of a rising U.S. dollar…
Ritchie Bros To Buy Euro Auctions For $1 Bln
Asset management company Ritchie Bros (RBA.TO) said on Sunday it would acquire plant and machinery auction house Euro Auctions for an enterprise…
Asia Stocks Spooked By Sudden Slide In Gold
Asian shares wobbled on Monday amid sharp losses in gold and oil prices, while the dollar held near four-month highs…
TikTok Owner ByteDance Aims For Hong Kong IPO By Early 2022 – FT
ByteDance, the Chinese owner of short video platform TikTok, has revived its plan to go public with a listing in…
Cisco Denies Report Of Developing Private-Cloud Subscription Service
Cisco Systems Inc (CSCO.O) said on Friday it was not planning to offer a solution to help companies shift to private data…
New EV Battery Designs Unlikely To Dampen Metals Demand, Miners Say
Mining companies say they do not fear a plan by China’s CATL (300750.SZ) to make an electric vehicle (EV) battery without lithium…
Apple To Roll Out Photo Checking System On Country-By-Country Basis
Apple Inc (AAPL.O) will roll out a system for checking photos for child abuse imagery on a country-by-country basis, depending on local…
NetEase Delays $1 bln Hong Kong Listing Of Music Streaming Firm – Sources
NetEase Inc (9999.HK) has delayed the $1 billion Hong Kong initial public offering of its music streaming service Cloud Village because of…
United Airlines Will Require Its 67,000 United State Employees To Get Vaccinated, A First For United State Carriers
United Airlines will require its 67,000 U.S. employees to get vaccinated against Covid by no later than Oct. 25 or risk…
Flutterwave To Drive US Expansion As It Appoints Silicon Valley Veteran As Head Of US Growth
African payments startup, Flutterwave, has announced the appointment of Jimmy Ku as the Head of US Growth. With plans to…
Nigeria Can Generate Billions of Dollars From Cloud Computing Services To Unlock Growth Opportunities
The Director General/CEO, National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi has stated that Nigeria can generate huge sums…
Experts Proffer Solutions For Nigeria’s Economic Recovery In Q2′ August 6, 2021
Some economists on Thursday said that unlocking Nigeria’s dead capital in residential real estate, agriculture and driving its export diversification…