Amazon and Microsoft are under investigation by Britain’s anti-competition regulators over their dominance of the cloud computing market. On Thursday, media watchdog Ofcom said the Competition and M...
Africa's richest man, Aliko Dangote, the Chairman of Dangote Group, has partnered with some billionaire investors in the United States to provide $500 million in funding specifically for developing Af...
Nigerian Exchange Limited (NGX) says it’s planning to admit the Nigeria Infrastructure Debt Fund (NIDF), which is a N200 billion public infrastructure investment fund by Chapel Hill Denham.The NGX, ...
Paystack, one of the top Nigerian fintech companies, recently introduced virtual terminals to help merchants receive payments through bank transfers. Before now, Paystack operated on physical ter...
Oil prices recovered on Tuesday after witnessing a massive three-week , which was a result of the pressure of the United States dollar and the global economic negative trend. Brent crude oil rose...
The federal government focuses on boosting the telecommunications industry, as it believes that the sector will increase its revenue by 100% between 2023 and 2027.The Minister of Communications and Di...
The Central Bank of Nigeria (CBN) has revealed that Nigeria recorded a total of $10.7 billion in foreign exchange inflows into the country from April to May.The CBN made this known in its May economic...
Records show that Nigerian banks have borrowed N12 trillion from the Central Bank of Nigeria (CBN) in the past eight months. The CBN data showed that money borrowed from the apex bank from January to ...
The Nigerian Stock Exchange (NGX) All-Share Index gained 29.52% to close at 66,382.14 index points in Q3 2023. This growth has pushed the market to its 15-year high based on strong positive sentiments...
Billionaire Elon Musk's satellite company, Starlink, is set to collaborate with e-commerce company Jumia Technologies AG to widen its satellite broadband services across Africa.Jumia, alongside its pa...