Blog

Singapore grants Coinbase payments license
Crypto

Coinbase receives nod to trade crypto in U.S

A prominent player in the cryptocurrency space, Coinbase, has received a significant nod from regulators, a move that has propelled its shares up by 5% in premarket trading. The approval, granted by the National Futures Association, marks a pivotal moment for Coinbase, underscoring its unwavering dedication to maintaining a business that adheres to regulatory standards. […]

Intel to cut over 20% of workforce in major restructuring push
Tech

Intel terminate $5.4 billion Tower deal amid regulatory challenges

Intel and Tower Semiconductor’s $5.4 billion deal has been mutually terminated due to challenges in securing timely regulatory approvals, the companies announced on Wednesday. Shares of Tower Semiconductor witnessed a decline of about 9% in both the United States and Tel Aviv markets. Intel, which had previously committed to acquiring Tower, will pay a termination […]

Aradel Holdings, two others increase NASD OTC bourse by 1.13%
Business

NASD OTC stock market depreciates by 0.64%

The NASD Over-the-Counter Securities Exchange fell 0.64 percent on Tuesday, August 15, as the health of three admitted equities on the trading platform deteriorated. Following a loss of N1.91 to sell for N74.03 per unit as opposed to Monday’s closing price of N75.94 per unit, FrieslandCampina Wamco Nigeria Plc was the biggest loser in terms […]

Access Bank, Qatar airways partner, offer discounted flight tickets
Banking

Access Holdings postpones HY results over subsidiary audit

Access Holdings Plc’s board of directors has indicated that the publishing of its Half-Year financial results would be delayed due to an ongoing audit of its subsidiaries. According to a mid-July report after gaining the required regulatory clearances from CBN and Angola’s central bank, Access Holdings completed its acquisition of a majority share in Finibanco Angola. The […]

Business

Nigeria’s economy to grow more rapidly in 2023 – NESG

The Nigeria Economic Summit Group has stated that Nigeria’s economy will grow more strongly in 2023 as a result of rising firm new orders, output growth rates, and inventory activities. This information was provided by the NESG’s Chief Executive Officer, Mr. Laoye Jaiyeola, at the third edition of the Mid-Year Review of 2023 Economic Outlook, which was […]

Apple, Foxconn partner to manufacture airpods in India
Tech

Apple, Foxconn partner to manufacture airpods in India

Apple is said to produce its renowned wireless earphones, AirPods, at Foxconn’s factory in Hyderabad according to reports. This move is expected to further solidify India’s position as a key hub in Apple’s global supply chain. Foxconn, a major player in electronic manufacturing, has greenlit a substantial investment of $400 million for the Hyderabad facility. […]

IPMAN threatens strike over Soludo's taxation
Oil and Gas

No intention to hike fuel pump price – IPMAN

The president of the Independent Petroleum Marketers Association of Nigeria, Chinedu Okoronkwo, has stated that the group has no intentions to raise fuel pump prices in the country. According to Arise News, he claimed during an interview that because IPMAN has not yet begun importing petroleum into the country, there is no chance that pump prices will go […]

Kuda relaunches cross-border remittance with multi-currency wallet
Business

Kuda CTO applauds FG’s policy on digital economy

Chief technology officer and co-founder of Kuda Technologies Limited, Mr. Musty Mustafa, has praised the federal government for its digital economy policy and said that it is a move on the right path. According to The Times, Mr. Mustafa described fintech as a critical non-oil contributor to national socio-economic progress in an interview, asserting that cashless […]

Binance files protective court order against SEC
Crypto

Binance files protective court order against SEC

Global cryptocurrency company, Binance, made a bold move seeking refuge under a protective court order against the US Securities and Exchange Commission. This audacious maneuver comes in direct response to what Binance terms the regulator’s relentless pursuit of information through “overbroad” and “unduly burdensome” requests. In an emphatic legal salvo, BAM Trading, the operational nucleus […]

Bakers, caterers lament as baking ingredients prices soar
Business

Bakers, caterers lament as baking ingredients prices soar

The Association of Master Bakers and Caterers of Nigeria in Abuja expressed worry on Tuesday that the country’s escalating cost of baking supplies had become unsettling. In an interview with the Nigerian News Agency of Nigeria in Abuja, some Association members expressed concern over the country’s escalating costs for flour, sugar, yeast, and other baking supplies. […]

Why outsourcing is key to tackling unemployment - HR experts
Business

Why outsourcing is key to tackling unemployment – HR experts

Human resource professionals have advocated for the use of outsourcing as a powerful technique for addressing the country’s unemployment issues. In an exclusive interview with The Punch, the immediate past president of the Association for Outsourcing Professionals of Nigeria, Dr. Obiora Madu, stated that outsourcing would be helpful to the economy in the long run. “In […]

X to launch long-form video on smart TVs soon
Tech

Musk’s X allegedly delaying news source links

Social media powerhouse X, previously recognized as Twitter, has been accused of postponing access to content links from renowned news sources including Reuters and New York Times. This eyebrow-raising claim extends to competitors like Bluesky, Facebook, and Instagram, as reported by The Washington Post on Tuesday. An investigation conducted by The Washington Post uncovered a […]