The leading infrastructure solutions provider on the continent, Africa Finance Corporation (AFC), earlier signed a $300 million loan facility agreement with the Export-Import Bank of China (CEXIM). Th...
Streaming giant companies have come together to form a new trade group called the Streaming Innovation Alliance (SIA). This unity gives Netflix, Disney, Warner Bros., Discovery, Paramount, and other p...
Amazon on Monday announced that it will invest up to $4 billion in artificial intelligence firm Anthropic as it moves to take a minority ownership position in the company.This shows Amazon’s readine...
The Federal Government of Nigeria has declared its readiness to finance education in the country by allocating 25% of the national budget to the education sector. This is in line with the FG's plans t...
A recent development shows that the Federal Government of Nigeria and the Ministry of Communications, Innovation, and Digital Economy are teaming up to collaborate with the Nigerian Exchange Limited (...
MultiChoice investors have lost $1.7 billion over the past six months as the DStv owner finds it hard to keep on to high-end subscribers and also find new revenue streams.Africa’s leading entertainm...
In the first half of 2023, the stock of global debt rose to $10 trillion, bringing the total to a record high of $307 trillion. This data was reported on September 9, 2023, by the Institute of Interna...
The naira on Thursday depreciated to its worst ever since the negative trend began. At the parallel market, it reads 1,050/$ due to the shifting of the CBN Monetary Policy Committee meeting.On Wednesd...
Bloomberg reports that Nigeria's Finance Minister, Olawale Edun, announced that the fall in the naira was because of the overdue forward payments in the foreign exchange, which totaled $6.8 billion.&n...
The newly appointed Acting Chairman of the Federal Inland Revenue Service (FIRS), Zach Adedeji, said on Monday that it would work on generating an 18% tax-to-GDP ratio in the next three years.He took ...