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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 […]

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 […]

Economic Growth: NACCIMA Partners National Productivity Centre

The National Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has partnered with the National Productivity Center to develop the economic growth of the country. The partnership would build on the existing and future interest of both parties. President of NACCIMA, Hajiya Saratu Iya Aliyu while signing the MoU with the Director General […]

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 […]

Reps To Investigate Train Ticket Racketeering

Legislators in the House of Representatives are set to investigate alleged railway ticket racketeering, after Nairametrics uncovered the menace in a special report in March. The House of Representatives resolved to do this after they allegedly found that ticket racketeering activities were being carried out by operators of the Abuja and Kaduna railway stations. What […]

Ekiti State Records Deficit of N1.5 billion In Q1 2021

The Ekiti State government has disclosed a deficit of N1.5 billion for Q1 2021. This was disclosed in the State of the State Accountability Report for Q1 2021 released by the Ekiti State Government on Tuesday. State finances for  Q1 2021 For January 2021, the State reported revenue of N4.4 billion and a total recurrent expenditure of […]

The 4 Pillars of The National Poverty Reduction with Growth Strategy (NPRGS)

Nigeria’s Federal Executive Council last week approved the National Poverty Reduction with Growth Strategy (NPRGS), a scheme they say will accelerate the reduction in poverty through economic growth, social protection programs, and others. The FEC also announced the establishment of a Nigeria Investment and Growth Fund to invest in commercially viable projects in priority sectors that will promote growth […]

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