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Bolt Launches Car-Renting Service In Europe

Bolt, the Estonian firm best known for its ride-hailing business, announced Tuesday that it has launched a car-sharing service in Europe as it looks to diversify its revenue streams. Like ZipCar and Drivy, Bolt Drive will allow customers to rent a car on demand for a brief period via the Bolt app, which can also […]

N120bn Intervention: Deliver Stable Electricity, Consumers tell Discos

Power consumer groups have called for increased and stable electricity from distribution companies following the N120bn capital expenditure fund provided by the Central Bank of Nigeria for the improvement of distribution infrastructure. Officials of Electricity Consumers Association of Nigeria and the Nigeria Electricity Consumers Advocacy Network commended the Federal Government for the intervention through the […]

Capitalsage launches Capiflex, A Payment Solution Platform for Africa

To meet the increasing demand for seamless digital payments by individuals and businesses, CapitalSage Technology, a fin-tech start-up has launched CapiFlex, an integrated payment and business solution that meets the needs of all businesses regardless of size and scale. Capiflex aims to bridge the payment gap both for small-time entrepreneurs or large-scale corporations by providing […]

Altcoins With At least 100% Weekly Returns

The world’s most popular crypto, Bitcoin is presently trading above the $55,000 price levels amid profit-taking seen across market spectrums that currently leaves the world’s flagship crypto with weekly gains of about just 3.71%. Still, 4 cryptos are outperforming Bitcoin by a long distance, having registered weekly gains of at least more than 100% at […]

PayPal Records Highest Revenue In Q1, With Net Profits of $1.10 billion

The fintech juggernaut posted impressive growth in its revenues in Q1 bolstered by the growing usage of the digital economy. PayPal stated it had revenues of $6.03 billion in Q1 and earnings per share of $1.22, which outperformed market analysts’ forecast of $1.01. Altogether PayPal currently has 392 million active accounts with net profit in […]

Lagos State Inaugurates 9-member Committee To boost Entertainment & Tourism

The Lagos State Government inaugurated a Committee Chaired by veteran actor, Richard Mofe-Damijo, to boost tourism and entertainment in the state. The Committee was inaugurated by Lagos State Governor, Babajide Sanwo-Olu on Wednesday at the Lagos House in Marina, citing that intervention and schemes by the state Committee will boost and fund the sector most affected by […]

MTN Records 18% Revenue Increase with Contribution From Nigeria, Ghana

Africa’s largest Mobile operator MTN Group on Wednesday posted a near 18% jump in first-quarter revenue, led by a double-digit growth in commercial operations across South Africa, Nigeria and Ghana. MTN and its peer Vodacom Group which together control over 70% of the South African mobile market in terms of subscribers, hugely benefited last year […]

Nigeria Nears 5G Deployment as NCC, NigComSat Sign MoU

Nigeria inched towards the deployment of 5G communications technology on Wednesday as the Nigerian Communications Commission and Nigerian Communications Satellite Limited signed a Memorandum of Understanding for the use of C-Band spectrum on Nigerian communications satellite for 5G services. The C-Band spectrum is expected to play a critical role in helping the nation achieve enhanced […]

Crude Nears $70, Raises Fear of Federation Account Depletion

The international oil benchmark, Brent Crude, was less than 30 cents from hitting $70 amid market optimism on the United States and Europe reopening. The benchmark had gained $0.83, to trade at $69.71 as of 2:44 pm on Wednesday, Nigerian time, according to data from Oilprice.com. A rise in oil prices in the international market […]

ICT Missing in $8.4bn NIPC Q1 Investment Announcement

The ICT sector was conspicuously absent on investment announcement released on Monday by the Nigerian Investment Promotion Commission. From 33 per cent ($1.61bn) in Q1 2020, ICT contributed nothing to investment announcement in Q1 2021. This is despite an increase in total investment announcement in Q1 2021. Director Strategic Communications, Mr Emeka Offor, told our […]

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