investments
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Business
Taiba Investments and Hilton to Introduce Madinah’s first Waldorf Astoria
Taiba Investments, a leader in Saudi hospitality and real estate, has unveiled a strategic partnership with Hilton (NYSE: HLT) to bring the iconic Waldorf Astoria Hotels & Resorts brand to the holy city of Madinah. Signed during the Future Hospitality Summit (FHS) World in Dubai, this agreement underscores Taiba Investments’ ongoing expansion into the high-end hospitality market and further reinforces…
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Featured
Tinubu assures Chinese executives safety of investments
President Bola Tinubu says Nigeria is a safe hub for investments and that his administration will provide the needed support to ensure that businesses thrive in the country. Tinubu gave the assurance when he received a delegation led by the Chairman of the China Railway Construction Corporation (CRCC), Mr Dai Hegen, at the State House on Friday. He assured the…
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NEWS
Robinhood raises $320 million in latest funding drive
Robinhood Markets Inc, the fintech start-up credited with helping popularize trading among millennials, said on Monday it has raised another $320 million in latest funding from new and existing investors at a valuation of $8.6 billion. The new round includes investors such as TSG Consumer Partners and IVP, and brings the seven-year-old online brokerage’s total fundraise to $600 million in…
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NEWS
PepsiCo records surge in snack sales, as global lockdown persists
PepsiCo Inc beat analysts’ estimates for quarterly revenue on Monday, as its snacks business benefited from a surge in at-home consumption of salty snacks such as Fritos and Cheetos during lockdowns triggered by the COVID-19 pandemic. Net income attributable to the company fell to $1.65 billion, or $1.18 per share, in the second quarter ended June 13, from $2.04 billion,…
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NEWS
U.S. commerce Secretary, Elumelu canvass for increased US-Nigeria investments
The U.S. Secretary of Commerce, Penny Pritzker and Chairman Heirs Holdings Mr. Tony Elumelu on Wednesday called for increased US-Nigeria Investments. Both leaders spoke at a gathering of business leaders in Lagos. Pritzker, who is leading 20 American companies on an Energy Business Development trade mission to Ghana and Nigeria, said American companies would invest in countries that observe the…
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