finance

Nigeria’s financial technology, Flutterwave says it has raised another $250 million in Series D funding, valuing the company at over $3 billion. The latest investors include some of the world’s most respected investors led by B Capital…

Central Bank of Nigeria (CBN) has announced plans to stop selling foreign currency (forex) – US dollar, euro, pound sterling, among others – to banks by the end of the year.  The apex bank had put Deposit Money Banks (DMBs) on notice…

Facebook’s parent firm, Meta has on Thursday lost over $200 billion in stock value — comparable to the size of New Zealand’s economy — after results that raised doubts about the troubled social media giant’s future. In addition to costs…

President Muhammadu Buhari has appointed a foremost professor of economics, Doyin Salami, as his Chief Economic Adviser. Mr Salami was until now the Chairman of the Presidential Economic Advisory Council (PEAC). Femi Adesina, special…

Apple has become the first company to reach a market capitalization of $3 trillion, raising $1 trillion in less than 16 months as the coronavirus pandemic turbocharged big techs. The tech giant surpassed the $182.86 mark on Monday,…

Union Bank Nigeria Plc has announced that it has reached an agreement to sell a majority stake to Titan Trust Bank Ltd. Titan Trust Bank is chaired by former Deputy Governor of the CBN and Chairman of Flutterwave, Tunde Lemo.…

Online saving and investment platform, PiggyVest has on Sunday, October 7 debunked rumors that it lost N2 billion to an investment scam. The rumors started after an Instagram user @_trapselena_ alleged that Piggyvest and some other top…

Mark Zuckerberg has seen his net worth plummet by billions in a matter of hours after a global outage of Facebook services and ongoing scrutiny of the company from US lawmakers sent its stock plummeting. Facebook stock closed down 4.9%…

Central Bank of Nigeria have on Thursday announced the postponement of the planned unveiling of the digital currency, eNaira. The launch was initially scheduled for October 1, but was postponed due to other activities lined up to…

China's central bank on Friday ruled that all financial transactions involving crypto currencies are illegal, the latest in a series of regulatory measures to crack down on crypto trading. “Virtual currency-related business activities…

President of El Salvador, Nayib Bukele, has announced that his country has “bought the dip” to the tune of 150 bitcoin, putting the country’s total BTC holdings at 700 bitcoin. The world’s oldest cryptocurrency slumped by nearly $4,000…

AbokiFX has reacted to Central Bank of Nigeria Governor, Godwin Emefiele declaring its owner, Oniwinde Adedotun wanted on grounds of allegedly manipulating Nigerian forex market with the platform and allegedly engaging in “illegal foreign…

Federal Government through Central Bank of Nigeria (CBN) has on Friday said it will shut down the operations of ‘Aboki FX’ over publication of exchange rate. ‘Aboki FX’ is a website that provides currency exchange information, which the…

President Muhammadu Buhari is seeking the approval of National Assembly to borrow another $4 billion ($4,054,476,863) and €710 million loans from bilateral and multilateral organisations to fund the deficit in 2021 budget. Buhari is also…