Zoom raises profit forecast amid strong hybrid work demand
Zoom Video Communications raised its fiscal 2025 revenue and adjusted profit forecast on Monday, citing robust demand for its online video conferencing…
News
Nigerian banks, others raise N2.7tn from capital market, reports SEC
The Securities and Exchange Commission announced on Monday that Nigerian banks and other companies have raised a total of N2.7 trillion from…
CBN extends BDC operators recapitalisation deadline by six months
The Association of Bureaux De Change Operators of Nigeria has announced that the Central Bank of Nigeria has extended the deadline for…
PalmPay names ex-Opay exec Femi Hanson as Marketing head
Pan-African fintech firm PalmPay has appointed Femi Hanson as the new head of marketing and public relations for its Nigerian subsidiary. With…
Microsoft Outlook, Teams suffer widespread outage
Microsoft has confirmed that a fix has been deployed to restore email and calendar services to thousands of users worldwide, following a…
Coffee prices soar to highest levels since 1997
Coffee futures in New York have surged to their highest levels since 1997, driven by concerns over crop shortages in major producing…
NEC urges states to utilize NASENI innovation for industrialization
The National Economic Council has urged state governments to adopt and support technological innovations developed by the National Agency for Science and…
Union Bank raises employee salaries by 40% amid rising cost of living
Union Bank of Nigeria, acquired by Titan Trust Bank in 2022, has announced a 40% salary increase for its staff, aimed at…
Indonesia rejects Apple’s $100m offer, maintains iPhone 16 sales ban
Indonesia has rejected Apple’s $100 million investment proposal, deeming it insufficient to meet the country’s 40% local content requirement for smartphones. The…
Developing nations slam UN’s $300bn climate deal as insufficient
Developing nations have criticized the UN’s $300 billion climate deal, claiming it falls short of what is needed. Representatives from developing nations…
FG announces plans for privatization of refineries
The Federal Government has announced plans to fully privatize its state-owned refineries, including those in Port Harcourt, Warri, and Kaduna. This was…
Tether mints $3bn USDT in 24hrs
The world’s largest stablecoin by market share, Tether, has minted approximately $3 billion USDT in just 24 hours, further solidifying its dominance…