First Citizens considers acquiring Silicon Valley Bank
First Citizens BancShares Inc is considering the acquisition of the Silicon Valley Bank that was closed down by the United State regulators…
Business
FG to provide subsidies for solar power developers
The Rural Electrification Agency has revealed that the Federal Government intends to provide subsidies to developers of mini-grids powered by solar energy.…
Meta launches paid IG, Facebook blue tick in US
Meta has on Friday announced the launch of its subscription service in the United States. The service will allow Facebook and Instagram…
MTN to merge Momo, Yello financial subsidiaries
Telecommunications company, MTN Nigeria, plans to merge two of its finance subsidiaries – Momo Payment Service Bank Limited and Yello Digital Financial…
SVB Financial seeks bankruptcy protection
SVB Financial Group has on Friday filed for Chapter 11 bankruptcy protection in order to reorganize and find potential buyers for its…
China cuts bank reserve first time in 2023
China’s central bank announced on Friday that it will reduce the amount of cash that banks must retain as reserves for the…
Hundreds of flights cancelled over German airport strike
German airport’s strikes over pay and work conditions have resulted in the cancellation of hundreds of flights on Friday. In addition to…
NCC to regulate data depletion for telecom consumers
The Nigerian Communication Commission stated on Thursday that it will take steps to regulate data depletion and make sure telecom consumers got…
Weekly jobless claims in US drops below prediction
The number of Americans submitting new unemployment benefit claims dropped more than anticipated last week, indicating ongoing labor market strength in the…
TLG Capital, OnePipe sign N2.25bn agreement to finance Nigerian SMEs
TLG Capital, a pan-African alternative investment firm today declared that it has teamed up with OnePipe to offer financial services to Nigeria’s…
Apple supplier Foxconn plans $200m AirPod factory in India
Apple’s largest IPhone assembler, Foxconn has won an order to make AirPods for Apple and plans to establish the factory for the…
Lagos community begs Ikeja Electric foe new transformer
Members of Alimosho Local Government Area of Lagos, have appealed to a Nigerian Distribution Company, Ikeja Electric to fulfil the promise it…