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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 […]

US Multinational says Customers Can Pay With Crypto

Sotheby, an American multinational corporation that auctions fine art, has said it will start accepting cryptocurrency for its auctions. The company, one of the world’s largest auction houses, made this known on Tuesday. It said it would begin accepting Bitcoin and Ethereum via Coinbase. The CEO of Sotheby, Charles Stewart, made this known on CNBC. […]

Oil Prices Jumps To Seven-week High on Strong Demand Recovery

Oil prices took a jump to the highest level in seven weeks on Tuesday, as the market continued to be propelled by economic and oil demand rebound in the United States and Europe. The losses from India, Brazil and other countries that are suffering hugely from the COVID-19 pandemic weren’t enough to stop the gains […]

Samsung Regains Top Position As Global Smartphone leader

Samsung has regained its top global spot as the tech giant shipped more smartphones in Q1 of 2021 than any other brand. According to the counterpoint, global smartphone shipments rose 20% YoY in Q1, 2021 to 354 million units with revenue reaching $113 billion, the highest in Q1 of any year. This is how the top smartphones […]

Kano Disco Signs $100m Deal with Foreign Firm

Kano State Electricity Distribution Company on Tuesday signed a $100m Memorandum of Understanding with a foreign investor, Konexa, for the generation, storage, and distribution of electricity. Konexa would invest $100m on the provision of cutting-edge technology in deploying renewable energy. The Chief Executive Officer of Konexa, Pradeep Pursnan, who said this at the British High […]

Tesla Reports Higher Profits, says Expansion on Track

Tesla reported a jump in first-quarter profits Monday on surging electric vehicle sales, and the manufacturer said it was on track to boost automotive capacity at factories in three countries. The electric car maker set production and delivery records in the quarter, with the auto industry upstart’s Model 3 becoming the best-selling premier sedan in […]

inq. Digital Calls for More Girls in ICT

Digital solutions provider, inq.Digital Nigeria, has joined the global call for the increased involvement of the girl child in ICT on the International Girls in ICT Day. The firm made the call at the 2021 International Girls in ICT Day event themed ‘Connected Girls, Creating Brighter Futures’, which held in Lagos, according to a statement […]

Nigeria Now our Biggest Market –Crypto Trading Platform

Paxful, a global peer-to-peer fintech, has said Nigeria is now its biggest market with a volume of $1.5bn. It disclosed this on Tuesday in a statement, titled ‘Nigeria emerges as Paxful’s biggest market, hits $1.5bn in volume with over 1.5 million users’. The Chief Executive Officer and Co-founder of Paxful, Ray Youssef, said, “Our mission […]

Nigeria’s Central Bank Licenses 10 More International Money Transfer Operators

The Central Bank of Nigeria (CBN) has granted operating licences to 10 additional international money transfer operators (IMTOs) as part of efforts to boost diaspora remittances. With the new licences issued, the total number of IMTOs operating in the country now stands at 57. In an updated post on its website on Monday, CBN listed […]

BioNTech Officials Say User May Need Third Shot Of Covid-19 Vaccine to Effect Immunity

The chief medical officer of BioNTech has said that people will likely need a third shot of its two-dose Covid-19 vaccine as immunity against the virus wanes, agreeing with previous comments made by Pfizer CEO Albert Bourla. Ozlem Tureci, co-founder and CMO of BioNTech, which developed a Covid vaccine with Pfizer, said she also expects […]

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