Tencent rivals Amazon, Microsoft in cloud marketing
Chinese tech giant, Tencent is using its WeChat super-app ecosystem to differentiate itself from major global cloud service providers, according to Tencent…
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Samsung shares rise by 7% amid $7bn buyback plan
Samsung Electronics’ stock on Monday saw a significant rise after the company announced a surprise buyback plan worth 10 trillion South Korean…
NGX proposes tougher rules for large-volume trades
The Nigerian Exchange Limited has proposed amendments to its Trading Licence Holders Rules (Part XIIIA) regarding block divestments and large-volume trades. The…
FG pays $1.36bn to service debt
The Federal Government spent $1.36 billion to service debts owed to 12 international and multilateral creditors in the first half of 2024.…
Stock market turns bullish, investors gain N295bn
The Nigerian Exchange reversed its losing streak last week, gaining N295 billion despite weaker trading activities. The All-Share Index’s year-to-date performance improved…
Foreign inflow on NGX falls to N11bn
The latest Domestic & Foreign Portfolio Investment Report from the Nigerian Exchange Limited shows that foreign inflow into the market dropped to…
Nigeria, India finalize key agreements to boost trade
President Bola Tinubu and India’s Prime Minister, Narendra Modi have directed their officials to finalize key trade agreements aimed at boosting economic…
W’Bank uncovers $32m unaccounted funds in Nigeria’s water project
The World Bank has uncovered $32 million in unaccounted funds in a Nigerian water sector project, sparking concerns over possible embezzlement and…
Bitcoin mixer bags three years sentence for money laundery
Larry Harmon, the operator of the cryptocurrency mixing service Helix, was sentenced to three years in prison for his role in facilitating…
Dangote Cement to raise new bonds
Dangote Cement PLC has announced plans to raise medium- to long-term debt funding from the domestic capital markets to enhance its financial…
CITN moves to improve tax education
The Chartered Institute of Taxation of Nigeria has revised its tax education syllabus as part of efforts to enhance the quality of…
No plans to sack Kyari, says NNPCL
The Nigerian National Petroleum Company Limited has denied reports suggesting that the Group Chief Executive Officer, Mele Kyari, might be removed. NNPC…