Business
Disagreement over Borrowings as Debt Servicing Gulps 76% of Revenue
January 6, 2022
Disagreement over Borrowings as Debt Servicing Gulps 76% of Revenue
The Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed that the federal government spent N4.2tn on debt servicing…
Tesla recalls more than 475,000 US cars on Technical Issues
January 1, 2022
Tesla recalls more than 475,000 US cars on Technical Issues
Tesla Inc. recalled some 475,000 cars in the U.S. — nearly equivalent to its global deliveries last year — because…
TOP STORY: Mouka Changes Ownership to Dolidol, Reinforces Market Leadership
December 29, 2021
TOP STORY: Mouka Changes Ownership to Dolidol, Reinforces Market Leadership
Mouka, Nigeria’s leading brand of mattresses, pillows and other bedding products, recently announced its change of ownership to Dolidol, the…
New Story: Bitcoin Loses $3K, over 129, 600 Investors get Liquidated
December 28, 2021
New Story: Bitcoin Loses $3K, over 129, 600 Investors get Liquidated
Bitcoin, the world’s largest cryptocurrency by market value, lost nearly $3K as it traded at its $48K support level, a…
Rite Foods Partners With Food Meets Naija Initiative to End Hunger in Nigeria
December 20, 2021
Rite Foods Partners With Food Meets Naija Initiative to End Hunger in Nigeria
Rite Foods Limited, Nigeria’s leading food and beverage company has restated its commitment to end hunger in Nigeria with its…
Loans from China now $3.59bn, says DMO
December 19, 2021
Loans from China now $3.59bn, says DMO
The Debt Management Office has clarified that loans from China to Nigeria, which presently stood at $3.59bn, constitutes only 9.4…
CBN intensifies adoption of eNaira as payment gateway
December 9, 2021
CBN intensifies adoption of eNaira as payment gateway
The Central Bank of Nigeria (CBN) is contemplating a series of options to push the adoption of the eNaira, including…
Jack Dorsey’s ‘Square’ Rebrands to ‘Block,’ Expands beyond Payments
December 2, 2021
Jack Dorsey’s ‘Square’ Rebrands to ‘Block,’ Expands beyond Payments
Payments giant Square will change its corporate name to Block, effective Dec. 10. The move comes as Square expands beyond…
Nigeria’s Diaspora Remittances rose 15% to hit $9.3bn in H1 2021
December 2, 2021
Nigeria’s Diaspora Remittances rose 15% to hit $9.3bn in H1 2021
Inflows of diaspora remittances into the country registered an upward movement in the first half of 2021. According to Nigeria’s…
Bigi Emerges Most Innovative CSD Brand of the Year at Brandcom 2021 Awards
November 26, 2021
Bigi Emerges Most Innovative CSD Brand of the Year at Brandcom 2021 Awards
The Bigi carbonated soft drink (CSD) brand produced by Rite Foods has emerged as the “Most Outstanding CSD Brand of…
Fearless emerges ‘Most Outstanding Energy Drink of the Year’
November 26, 2021
Fearless emerges ‘Most Outstanding Energy Drink of the Year’
The market leadership position of Fearless energy drink has been validated with the laurel of the “Most Outstanding Energy Drink…
Binance calls on Lawmakers on Crypto Regulation
November 17, 2021
Binance calls on Lawmakers on Crypto Regulation
Binance, the world’s leading blockchain ecosystem, has called on national lawmakers around the world to work with their constituents and…
Nigerians can use eNaira without Internet Enabled Phones – CBN
October 19, 2021
Nigerians can use eNaira without Internet Enabled Phones – CBN
Nigerians without access to internet-enabled phones would also be able to utilize the eNaira currency. This was revealed by the…
GDP: CBN Projects three Per cent Growth by End of 2021
September 15, 2021
GDP: CBN Projects three Per cent Growth by End of 2021
The Central Bank Governor, Godwin Emefiele, has said that the country’s Gross Domestic Product can rise to three per cent…
UK warns on Cryptocurrency ads after Kardashian Post
September 8, 2021
UK warns on Cryptocurrency ads after Kardashian Post
Cryptocurrency advertisements, particularly from social media influencers, should face regulation according to the head of Britain’s financial watchdog, who highlighted…
Digital Currency: Nigeria Partners Barbados-based Bitt Inc. for ‘e-Naira’
September 3, 2021
Digital Currency: Nigeria Partners Barbados-based Bitt Inc. for ‘e-Naira’
The Central Bank of Nigeria (CBN) has announced the engagement of a Barbados-based fintech, Bitt Inc, as its technical partner…
Telecoms Sector Attracts $3.9billion Foreign Investments in 5years
September 1, 2021
Telecoms Sector Attracts $3.9billion Foreign Investments in 5years
•NIN-SIM forces 6.3% decline in industry’s growth in Q1 2021 The 2021 Telecommunications Industry report released by Agusto & Co,…
Paralex Logistics Limited Introduces Tech-Driven Legal Support Services
August 26, 2021
Paralex Logistics Limited Introduces Tech-Driven Legal Support Services
Paralex Logistics Limited, an information and communication technology (ICT) managed logistics company, is set to launch its mobile app platform…
CBN To Freeze Accounts Of Fintechs For 180 Days
August 18, 2021
CBN To Freeze Accounts Of Fintechs For 180 Days
Central Bank of Nigeria (CBN) has reportedly been granted the request to freeze accounts of six financial technology (fintech) companies…
Mouka Launches Eco-Comfy Fibre Mattress
August 5, 2021
Mouka Launches Eco-Comfy Fibre Mattress
Mouka, Nigeria’s leading manufacturer of mattresses, pillows and other bedding products has once again reinforced its position as the innovation…