Some Uber and Bolt e-cab drivers in Lagos on Saturday asked the e-hailing companies to immediately increase fares being charged by the operators, failing which they would go off the roads on Monday. The e-cab operators, under the aegis of Professional E-hailing Drivers and Private Owners Association (PEDPA), threatened to...
Minister of Information and Culture, Lai Mohammed, on Thursday said that unfair criticism of the Nigerian government by Nigerians caused Twitter to locate its headquarters in Ghana instead of Nigeria. Co-founder of the social networking service, Jack Dorsey, on Monday announced that Twitter had finally decided to set up an...
United Bank for Africa (UBA) Plc on Thursday assured its shareholders and investors of enhanced returns on investments in the coming months. This, the bank said, followed its establishment of a diversified business model that would ensure impressive performance. The Chairman, UBA Group, Mr Tony Elumelu, gave the assurance at the...
The nation’s bourse opened the month of April with a loss of N67 billion, amid profit taking ahead of Easter celebrations. Specifically, the market capitalisation which opened for the month at N20.428 trillion dipped N67 billion or 0.33 per cent to close at N20.361 trillion. The downturn was supported by investors...
DUBAI, United Arab Emirates: March 30, 2021: Ethio Life and General Insurance S.C, (ELiG) a leading composite insurer in Ethiopia, providing innovative life and non-life insurance products in the country have signed up Beyontec Suite, a core insurance solution from Beyontec, to transform its operations to digital. Insurers in Ethiopia...
Western Union, a cross-border, cross-currency money movement and payments, announced it has expanded real-time digital payout capabilities into 100 countries reaching billions of bank accounts.i For decades, Western Union already paid out in minutes into 550,000 agent locations in 200 countries and territories. The goal to expand real-time payout...
Air Transport Services Group, Inc. (NASDAQ:ATSG) announced the delivery by its Cargo Aircraft Management subsidiary of a Boeing 767-200 converted freighter to Astral Aviation of Kenya under a five-year lease. This is the first aircraft ATSG has leased to Astral, as well as the first Boeing 767 that Astral...
The dollar paused on Friday as concerns about a surge in coronavirus infections in the United States and elsewhere supported the safe haven Japanese yen, while risk-sensitive currencies lost ground. More than 60,000 new COVID-19 cases were reported across the United States on Thursday, the largest single-day tally by any...
Kaduna State Government has completed the first phase of the ultra modern market being constructed at Kasuwan Magani in Kajuru Local Council in Kaduna State. Facilities in the market which include police post, clinic, banks, fire service station, warehouses and administration block have been completed. The Special Assistant to the Governor...
As world stock markets end a turbulent six months near record highs, investors appear to be betting heavily that economies will recover quickly from the coronavirus crisis, fuelled by zero interest rates and abundant monetary and fiscal stimulus. Despite the economic ravages of the pandemic, the total market capitalization of...
Countries in sub-Saharan Africa have been advised to not rush into re-opening their economies post-COVID-19 but to take their time and consider every step. The advice, given by the International Monetary Fund (IMF) in an outlook for the region on Monday, was based on the fact that the novel coronavirus...
The equity market rallied on Friday with stocks gaining N104.307 billion after 6 days of consecutive losses. Today’s rebound hinged on gains by heavyweight blue-chip stocks including Airtel Africa, Nestle, UACN, ETI and Nigerian Breweries. The Oil and Gas Index posted the worst sectorial performance, going down by 0.45% to close...
The greenback steadied on Friday but was set for its biggest weekly drop in three weeks as caution over growing coronavirus infections cast doubt over the U.S. economic outlook while a bounce in stocks pushed the kiwi dollar higher. Though an easing in European lockdown rules bodes well for sentiment...
Britain, France, Italy and Spain suggested a “phased approach” to global digital taxation talks in a joint letter to the U.S. treasury secretary last week, which they said could open the way for a deal this year. The four countries sent the letter to Secretary Steven Mnuchin after he called...
Gold prices surged to their highest in nearly eight years on Wednesday, while global shares cooled as signs of an acceleration in coronavirus cases kept investors on edge. Fuelling concerns about the prospects for an economic recovery was data showing several U.S. states seeing record infections and the death toll...
Tokyo stocks were higher Tuesday morning, as investor sentiment was bolstered by the U.S. technology shares rising overnight sending the Nasdaq Composite Index to a record high. The 225-issue Nikkei Stock Average gained 184.57 points, or 0.82 per cent, from Monday to 22,621.84. The broader Topix index of all First Section...
New Zealand police have frozen 140 million New Zealand dollars (90 million dollars) in funds thought to be linked to a crypto-currency firm whose owner has been accused of money laundering. Police Commissioner Andrew Coster said in a statement on Monday that “the money is linked to the Canton Business...