Finance
Moove Secures $100M Led by Uber for Ride-Hailing
According to TechCrunch, car-financing startup Moove has raised $100 million in a Series B round reportedly led by Uber. This funding round brings...
Dr Adaora Umeoji Makes History as Zenith Bank’s First Female CEO
Dr. Adaora Umeoji has been appointed the first female CEO of Zenith Bank in Nigeria, a historic move. She has a distinguished academic...
Telegram Raises $330 Million Through Bond Sales, Eyes Profitability and Potential IPO
Telegram founder and CEO Pavel Durov announced today on his channel that the company successfully raised $330 million in investment through bond sales...
Federal Court Orders Binance to Disclose Names and Details of its Nigerian Users to EFCC
A Federal High Court in Abuja has ordered Binance Holdings Limited to furnish the Economic and Financial Crimes Commission (EFCC) with details regarding...
Niger State Govt Allocates N976m for Ramadan Feeding
The Niger State Government has approved an allocation of N976 million for Ramadan feeding across the eight emirate councils of the state. This...
Nigerian Entrepreneurs Gather for Growth at DBNC 2024
Despite economic headwinds, Nigeria’s business community is gearing up for the 4th annual Doing Business in Nigeria Conference (DBNC) on April 13, 2024....
Unity Bank Plc to Suffer Financial Loss of N20.7 billion
Unity Bank Plc released its financial earnings projections for the second quarter of 2024 on Monday. The company’s pre-tax record was a loss...
FG yet to charge detained Binance executives, family laments
Two Binance executives, Tigran Gambaryan and Nadeem Anjarwalla, have found themselves detained in Nigeria without any formal charges being brought against them. The...
Interswitch Ventures into Nigeria’s Telecom Sector with MVNO License
Payments leader Interswitch is making a strategic move into Nigeria’s telecommunications sector. The company, known for its Verve debit cards, acquired a Tier...
Nigeria’s Trade Recovery Lags Behind Despite AfCFTA Implementation
Nigeria’s trade with African countries has struggled to regain momentum following the COVID-19 pandemic despite the enactment of the African Continental Free Trade...
Emefiele awarded contracts to wife and in-law’s company – Witness tells Court
A witness of the Economic and Financial Crimes Commission (EFCC), Agboro Omowera, testified on Monday at the Federal Capital Territory High Court in...
Telegram Eyes Profitability and Public Offering After User Boom
The popular messaging app Telegram is nearing financial independence and setting sights on a future initial public offering (IPO). In a recent Financial...