The share price of online e-commerce giant Jumia is up 14% in pre-market days after an online news site, Nairametrics had reported a possible acquisition bid by rival Zinnox Technologies, owners of Konga. Shares of Jumia fell 11.32% on Wednesday…
Digital payments company, Interswitch has secured a $110 million in joint investment from LeapFrog Investments and Tana Africa Capital to scale its digital payment services across Africa. The two investors confirmed this in a statement. Interswitch Group CEO, Mitchell Elegbe,…
The Management of FBN Holdings, owners of First Bank, has confirmed it will release its audited results for the year ended December 2021 on or before the end of May 2022. FBN Holding is yet to release its 2021 audited…
Following Central African Republic’s recognition of Bitcoin as a legal tender without consulting its regional monetary authority, the Central African bank is cracking down on Bitcoin transactions. The Bank of Central African States, which already does not recognize cryptocurrencies, is…
The Naira on Thursday depreciated further at the Investors and Exporters window, exchanging at N420 to the dollar, a 0.30 per cent depreciation, weaker than N418.75 traded on Wednesday. The open indicative rate closed at N416.50 to the dollar on…
The Institute of Chartered Accountants of Nigeria (ICAN) Ojo, Badagry, Agbara (OBA) District Society on Thursday mentored not less than 500 teenagers in secondary schools within the Badagry axis of Lagos on how they could become successful chartered accountants. The…
The Association of Bureaux De Change Operators of Nigeria (ABCON) has developed a roadmap campaign plan needed to save the naira from further decline and enhance exchange rate stability. The ABCON National Executive Council said the move to save the…
The Federal Inland Revenue Service (FIRS) has reached out to other African countries to collaborate with it to effectively tax digital businesses. Executive Chairman (FIRS) Muhammad Nami, made the call at a Technical Assistance Programme organised by African Tax Administrators’…
The Nigerian Communications Commission (NCC) and the Federal Inland Revenue Service (FIRS) have set up a Joint Committee of senior and management staff of the duo agencies for the implementation of inter-agency strategies for enhancing national revenues in the telecommunications…
Airtel Nigeria has raked in N304 billion ($734 million) from data service alone between April 2021 and March 2022. This was driven by a sharp increase in data consumption by its customers. This represents a 41.1per cent growth in data…
