CATEGORY
Companies
China Property Giant Evergrande Files For Bankruptcy
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China’s Evergrande Group, the world’s most indebted property developer, has filed for bankruptcy protection in the United State (U.S) as it attempts to restructure...
NBC To Sanction Companies Offering ’Extraordinary’ ROI
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The Financial Services Regulation and Coordinating Committee (FSRCC) and the National Broadcasting Commission (NBC) have asked the public to report illegal financial operators (IFOs)...
Jumia Shares Drop 17% After Q2 Results, Investors React
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Jumia once called the "Amazon of Africa" just released their financial results for Q2 & they are not looking good. The former unicorn, has...
Remita Crowned Africa’s Fintech Company of the Year 2023
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Remita has earned a prestigious award as Africa’s Fintech Company of the Year 2023, solidifying its position as a global trailblazer. The renowned Acquisition...
Transcorp Power Acquires 60% Stake in Abuja DisCo
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A consortium led by Transcorp Power Limited has acquired a 60 percent stake in Abuja Electricity Distribution Company (AEDC).
Following the acquisition, Christopher Ezeafulukwe has...
CBN Approves Femi Otedola Director of FBN Holdings
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The Central Bank of Nigeria (CBN) has approved the appointment of Femi Otedola as Director of FBN Holdings Plc.
FBN Holdings stated this in an...
FBN Holdings Shareholders Approve N150bn Rights Issue
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Shareholders of First Bank of Nigeria Holdings (FBNH) have approved the appointment of Lagos businessman, Mr. Femi Otedola as a non-executive director of Nigeria’s...
Vietnam EV Maker VinFast Stock Market Soars Above Ford, General Motors
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Vietnamese electric vehicle (EV) maker VinFast stock market valuation has soared above Ford and General Motors (GM) on its first day of trading.
Shares in...
Intel Cancels $5.4bn Tower Deal With China
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Intel Corp is set to drop its $5.4 billion deal to acquire Israeli contract chipmaker Tower Semiconductor Ltd once their contract expires later on...
MTN to Sell Minority Stake in $5.2 Billion Fintech Unit to Mastercard
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MTN Group Ltd., Africa’s biggest wireless carrier, said Mastercard Inc. agreed to take a minority stake in its financial-technology business, which the company values at $5.2...