Africa’s Global Bank, United Bank for Africa (UBA) Plc, has unveiled its vastly improved Point of Sale (POS) Terminal as well as the UBA MONI App to redefine the digital payment landscape and empowering small and medium-scale enterprises across Africa.…
The Africa Centres for Disease Control and Prevention (Africa CDC) has urged African governments to harness the continent’s annual US$95 billion in diaspora remittances towards supporting national health priorities. According to a statement released on Friday, taking advantage of the…
Bitcoin recovered, surging towards $84,000 on Saturday amidst trade war uncertainties between the United States and other countries. It rebounded from losses sustained earlier in the week. The price of Bitcoin dipped as low as $74,700 on Monday, fueled by…
The naira edged up slightly against the US dollar at the official foreign exchange market to close the week at N1,626.00/$1 on Friday. The gain is based on data published by the Central Bank of Nigeria (CBN), when compared to…
Oil producer Oando Plc said three sabotage attacks had targeted its pipelines in the oil-rich Bayelsa State over the past week. In a statement as reported by Reuters, Oando, which now owns Eni’s former unit Nigerian Agip Oil Co, said…
MTN Group President, Ralph Mupita, has announced plans to reduce its shareholding in MTN Nigeria through a public offer after it returns to profitability. The group aims to cut its stake from 76 percent to 65 percent in line with…
The cryptocurrency market surged above $ 82,000 on Thursday after U.S. President Donald Trump announced a temporary 90-day pause on tariffs for the majority of trading partners, excluding China. The cryptocurrency market resumed optimism after tariff fears caused tension among…
The US dollar plunged against the euro and other main rivals again on Thursday after President Donald Trump abruptly paused higher tariffs on all countries except China, adding to investor uncertainty. The greenback lost over one percent against the European…
Oyo State Governor, Seyi Makinde, has expressed the state’s readiness to partner with the United States in exploring investment opportunities in solid minerals development, agribusiness, education, energy, and other critical sectors. The governor made this known on Wednesday during a…
The Federal Government says its naira-for-crude initiative with local refineries is not a temporary measure but a “key policy directive designed to support sustainable local refining”. The government also said the initiative is still in effect and will continue immediately,…
The Nigerian economy shows signs of growth, as the Central Bank of Nigeria (CBN) has announced a Balance of Payments (BOP) surplus of $6.83 billion for the 2024 financial year. The development marks a decisive turnaround from deficits of $3.34…
Amazon has made a last-minute bid to buy TikTok, which faces a US ban if not sold by its Chinese owner, the New York Times reported on Wednesday. The offer arrived in a letter to officials involved in talks regarding…
The cryptocurrency market rebounded on Tuesday, with Ethereum (ETH) rallying back to around $1,550, about a 10% gain within the past 24 hours. The surge follows a dramatic decline to a two-year low of $1,410 earlier in the week, during…
The Nigerian Aviation Handling Company (NAHCO) Plc said it is increasing dividend payout to shareholders by 134 per cent, riding on the back of record revenue and profitability. The latest audited report and accounts of NAHCO, for the year ended…
Spotify’s royalty payments to artists from Nigeria and South Africa – its two biggest African markets – increased to around $59 million last year. The audio streaming giant paid out some $10 billion in royalties worldwide in 2024 as performers…