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Monday, October 18, 2021
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Markets

Piggyvest Releases Statement to Address Rumors of Insolvency

Piggyvest an online savings and investment platform has released a statement amid rumors that the fintech firm may be facing insolvency after an alleged...

FairMoney Receives Investment Grade Ratings from GCR

FairMoney Nigeria, a digital bank, has obtained investment-grade ratings, BBB (NG) Long Term, and A3 (NG) Short Term with a stable outlook by Global...

China GDP Disappoints as Third-Quarter Growth Slows to 4.9%

China’s third-quarter GDP grew a disappointing 4.9% as industrial activity rose less than expected in September.The National Bureau of Statistics said Monday that gross...

How is Africa Positioned as a Destination for Data Centres?

OverviewData centres (DCs) are the lifeblood of the global digital economy. Consisting of large groups of networked computer systems and servers, they remotely store,...

Stakeholders Call for Amendment of Contributory Pension Scheme

When Prince (Dr.) Feyisayo Soyewo clocked 70 last year he got a call from his pension administrator that he had hit the age where...

MTN Nigeria Compensates Subscribers With Data for Network Downtime

MTN Nigeria Communications Plc has announced compensation for its subscribers to make up for the network disruptions experienced last Saturday.On Saturday, 9th October 2021,...

Nollywood Boom Could Unlock 20m African Film Jobs – Report

Africa’s film and audiovisual industry could create over 20 million jobs and an extra $20bn in annual revenues with further investment, according to a major...

NGX Group Lists at N16.15 per Share for Market capitalization of N31.7bn

Nigerian Exchange Group Plc (NGX Group) has successfully listed its shares on the Main Board of Nigerian Exchange Limited (NGX) at N16.15 per share...

Azura IPP Loan Not Considered Authentic Sovereign Dollar Debt – Emefiele

Nigeria’s Central Bank Governor has said that the dollar denominated loan obtained to construct the Azura Independent Power Plant (IPP), is not considered an...

CFTC Fines Bitfinex, Tether $43MM For “Misleading” Claims About Reserves

The Commodity Futures Trading Commission (CFTC) said Friday that tether and Bitfinex will pay a combined fine of $42.5MM, with $41MM of that coming...

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