CBN, AMCON Sells Polaris Bank for N50bn to SCIL
The Central Bank of Nigeria (CBN) and AMCON have disclosed the culmination of the sale of shares in Polaris Bank to Strategic Capital Investment Limited (SCIL).
NCC remits N463b in seven years, attracts $2b foreign investments
The Nigerian Communications Commission (NCC) remitted N463 billion to the Federal Government’s Consolidated Revenue Fund from 2015 to April 2022. This was disclosed by the Executive Vice Chairman, NCC, Prof.…
Netflix Ramps Up Investment In African Stories With Large Slate Of Exciting Titles
Netflix today presented a preview of what will be its programming for the end of 2022 and the beginning of 2023. Bringing together talent, filmmakers and press from South Africa…
Equity market sheds N6bn, index drops 0.03%
The Nigerian equity market extended loses on Thursday, as the capital market closed on a negative note, making the market capitalisation to stand at N27.28 trillion. Equity market sheds N6bn,…
IMF pegs capital outflows from Nigeria, other emerging markets at $50b
The International Monetary Fund (IMF) estimated the volume of capital that has left emerging markets, including Nigeria, following the ongoing interest rate cycle at $50 billion. It linked the flight,…
World’s Largest Crypto Trading Competition Breaks Records Despite the Bear Market
By VOXPRA The world’s largest crypto trading competition, ended on a high note with traders divvying up a record-breaking $8 million prize pool. After 20 days of intense competition, the…
NDDC, Chamber Of Commerce To Boost Small Businesses
NDDC, Chamber Of Commerce To Boost Small Businesses Channels TelevisionUpdated August 1, 2022 The Niger Delta Development Commission, NDDC has pledged to collaborate with the Port Harcourt Chamber of Commerce,…
Microsoft Earnings Fall Short As Computer Sales Sag
Microsoft Earnings Fall Short on Computer Sales and Demand Microsoft on Tuesday said that its earnings in the recently ended quarter fell shy of expectations as personal computer sales suffered…
Eutelsat, OneWeb Plan To Merge
Eutelsat, OneWeb Plan To Merge French and British satellite operators Eutelsat and OneWeb on Tuesday announced plans to merge and create a “global champion” in the fast-growing broadband internet market,…
Unilever Sales Jump On Higher Prices, But Profit Slips
Unilever Sales Jump On Higher Prices, But Profit Slips Channels TelevisionUpdated July 26, 2022 British consumer goods group Unilever said Tuesday that first-half revenues jumped on higher prices, but net…