Facebook to employ 1,000 London-based staff to improve safety
In a bid to improve safety on its social media site, Facebook has announced that it would employ 1,000 more London-based staff.
Netflix stands tall against competition, adds 8.8million subscribers to its base
Netflix seems to be doing really well as the company’s 2019 fourth-quarter results show it has added 8.8 million subscribers.
Airtel partners Western Union to expand its own mobile money service
Airtel Africa Plc announced that it had gone into partnership with Western Union to provide a reliable mobile money service for its customers.
Network glitch: Poor internet speed impedes banking services
Several internet customers have continued to experience slow internet, as poor internet speed continues to impede banking transactions.
Customs officers must declare their assets annually – Customs boss
The Comptroller-General, NCS, retired Col. Hameed Ali, has said customs officers would henceforth be asked to declare their assets every year.
Paga acquires Ethiopian-based startup, Apposit, announces other subsidiaries
Nigerian tech startup, Paga, has acquired Ethiopian-based software development firm, Apposit.
PFAs boost investment in infrastructure to N40.52 billion
The Pension Fund Administrators have increased investments in infrastructure to N40.52 billion, according to the latest PenCom's monthly report.
Obasanjo opens garment factory, competes with Nike Art Gallery, Sam & Sara
Former President Olusegun Obasanjo has established a garment factory, Heritage Apparel, in Abeokuta, Ogun State.#Obasanjo #NIKEARTGALLERY
Loan scam: Lekoil Limited seals payment extension deal to prevent losing oilfield
Weeks after Lekoil Limited was submerged in a loan scam, the company has secured a postponement agreement to keep its shares
Herbert Wigwe sells 28.8 million Access Bank shares
Access Bank's Chief Executive Officer, Herbert Wigwe, has sold 28.86 million shares worth N297.82 million, which represents 2.33% of his stakes in the bank. The transaction, which was done through Trust Capital Limited, was disclosed in a notice filed at the Nigerian Stock Exchange.
Law Union, Lafarge, Unity Bank lead gainers’ chart on Tuesday
The stock exchange market traded negatively on Tuesday as the all-share index dipped 0.83% to close at 29,462.76 index points.
Experts outline what SMEs must do to attract fund, investors in 2020
In order to bridge the gap between funding and SMEs, business experts at the Nairametrics 2020 Economic Outlook discussed factors discouraging investors and proffer solutions
Economy: IMF & World Bank differ on Nigeria’s growth outlook
The IMF released its Global Economic Outlook where the fund announced it expects global growth to slow in 2020 to 2.9% (World Bank – 2.5%).
Trump may extend travel ban to Nigeria, Tanzania, Belarus, others
President Donald Trump may consider his travel ban to Nigeria, Burma, Belarus, Eritrea, Kyrgyzstan, Sudan and Tanzania. A source in the White House disclosed.
Flutterwave raises $35 million to expand operations
Flutterwave has disclosed expansion plans to Francophone and northern Africa as it raises a $35 million Series B round.
Pipeline explosion: Over 45,000 incidents recorded in 18 years – NNPC
The Nigerian National Petroleum Corporation (NNPC) has disclosed that 45,347 incidents of pipeline explosion had occurred in the last 18 years.
Afreximbank pledges $500 million to support African creative products
Afreximbank has pledged $500 million for the production and trade of African cultural and creative products over the next two years.
Blueprint Consulting denies involvement in N574 million fraud
Blueprint Consulting has denied its involvement in a scheme organised by one of its partners through which 354 forex trade investors were defrauded of N574.2 million.
PwC highlights key focus areas for FIRS’ newly-inaugurated directors
PricewaterhouseCoopers has enumerated important areas the Federal Inland Revenue Service, under Muhammad Nami, should be focusing on.
World Bank, IMF forecast sluggish growth for Nigeria in 2020
The World Bank has forecasted that Nigeria’s economy will further slowdown in 2020 with a growth of 2.1% amidst several policy uncertainties. On the other hand, the IMF disclosed that Nigeria’s economy will continue its sluggish trend. #IMF #WORLDBANK
FSD Africa invests $3.2 million in two African fintech firms operating in Nigeria
Two fintech companies in Africa, MFS Africa and Frontclear, have secured $3.2 million worth of investments from FSD Africa Investments.
FG exempts tuition fees, basic food items, others from 7.5% VAT
FG has exempted about 20 basic food items and some other transactions/items from the new 7.5% Value Added Tax (VAT) set to kick off on February 1.
Konga’s CEO discloses secrets of firm’s huge growth
The Co-CEO of Konga, Prince Nnamdi Ekeh has disclosed how the company made it into becoming a clear leader in the competitive e-commerce market.
Electricity Tariff: FG, electricity stakeholders to work on equitable rate
FG is working with all relevant stakeholders in the electricity sector to establish an equitable rate in the perspective of payers and investors.
Buhari reveals when border will be reopened
Nigerian President Muhammadu Buhari has disclosed that he will not order the reopening of the country’s land borders till the final report of the committee set up on the matter was submitted and considered.
Nigerian traders urge ECOWAS to solve barriers before adopting ECO
NANTS has called on the ECOWAS Heads of State and Government to address the issues of trade barriers and corruption at the borders. #ECOWAS #NANTS
U.K signs £6.5 billion commercial deals with Nigerian firms, others
British firms have announced commercial deals worth over £6.5 billion across the African markets. This was disclosed at the opening of the UK-Africa Investment Summit in London on Monday
Devaluation: Experts highlight trends clouding economy’s growth in 2020
Financial experts and analysts say structural imbalances like revenue shortfall, development in the global oil market and CBN policies among others pose very bleak outlook for the economy.
Ghanaian President begs Buhari to open border
The President of Ghana, Nana Akufo-Addo has pleaded with President Muhammadu Buhari to reopen the closed borders.
Here’s why Continental Reinsurance is delisting from NSE
Continental Reinsurance Plc has reverted to a private limited liability company after two decades of operating as a public limited liability company.