Business & Finance

Stripe acquires Nigeria’s Paystack for $200 Million to expand into Africa

When Stripe announced earlier this year that it had picked up another $600 million in funding, it said one big reason for the funding was to expand its API-based payments services into more geographies. Today the company is coming...

Buhari to Okonjo-Iweala: We’ll push and push until you win WTO post

President Muhammadu Buhari Monday in Abuja assured Nigeria’s former Minister of Finance, Dr Ngozi Okonjo-Iweala, that the country will explore every opportunity and deploy its entire energy to ensure that she becomes the Director-General of World Trade Organisation (WTO). Dr...

China funds targeting Ant IPO rake in $9 billion from over 10 million investors

Five newly launched Chinese funds targeting Ant Group’s upcoming mega stock listing raised 60 billion yuan ($8.93 billion) cumulatively from more than 10 million retail investors, selling out within days, the funds’ distributor said. An average of eight investors placed...

U.S. imposes new Iran sanctions that may spook European banks

The United States on Thursday slapped fresh sanctions on Iran’s financial sector, targeting 18 banks in an effort to further choke off Iranian revenues as Washington ramps up pressure on Tehran weeks ahead of the U.S. election. The move freezes...

Asian markets to inch up as U.S. stimulus talks restart

Asian shares were set to track Wall Street gains on Friday as revived hopes for a U.S. stimulus deal helped investors overlook weaker-than-expected jobs data and growing global coronavirus cases. In energy markets, oil prices rallied on production shutdowns ahead...

Dollar drifts downward as investors cling to stimulus hopes

The dollar drifted toward a second consecutive weekly loss on Friday, as higher commodity prices and persistent hopes for U.S. stimulus supported investor sentiment and riskier currencies. Talks have resumed between U.S. House Speaker Nancy Pelosi and Treasury Secretary Steven...

Apple to extend some free subscription to video-streaming service through February

Apple Inc said on Thursday that it would extend free Apple TV+ subscriptions, which were set to end within the next three months, through February. The company had bundled a one-year free subscription to its video-streaming service, which debuted in...

IBM to break up 109-year old company to focus on cloud growth

International Business Machines Corp IBM.N is splitting itself into two public companies, capping a years-long effort by the world's first big computing firm to diversify away from its legacy businesses to focus on high-margin cloud computing. IBM will list its...

Billions stolen from Airtel, MTN, Stanbic and others as hackers break into mobile money system

Unknown hackers broke into the systems of Pegasus Technologies, a company that integrates mobile money transactions between telcos, banks, and other local, regional, and international money transfer services, making off with a yet to be known sum, but said...

FirstBank disburses N17bn loans through FirstAdvance

First Bank of Nigeria Limited has announced that it has disbursed loans worth over N17 billion to individuals across the country. The loan disbursement is carried-out through FirstAdvance, its digital lending solution. According to a statement, FirstAdvance was designed to offer...
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Oyo Police parade nine suspects over attack on Iseyin police station

Oyo Police parade nine suspects over attack on Iseyin police station. The Oyo State Police Command has arrested 9 suspected...
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Boko Haram kills pregnant woman and five others in Borno

Boko Haram kills pregnant woman and five others in Borno. An attack reportedly launched by Boko Haram insurgents in Damboa community of Borno state has...

iRoko TV boss, Jason Njoku and wife, Mary Remmy test positive for COVID19

iRoko TV boss, Jason Njoku and wife, Mary Remmy test positive for COVID19. Jason Njoku, the co-founder, and CEO of iROKOtv, and his wife, Mary...

FEC approves N2.9 billion for printing of examination papers

FEC approves N2.9 billion for printing of examination papers. The Federal Executive Council has approved N2.9 billion contracts for the printing of sensitive and non-sensitive...

Man sentenced to 50 years in prison for raping and impregnating his 14-year-old biological daughter

Man sentenced to 50 years in prison for raping and impregnating his 14-year-old biological daughter. A High Court in Jinja, Uganda on Tuesday, October 27,...