Airtel Money, Flutterwave to Explore East African Markets

By Kestér Kenn Klomegâh Vladivostok, located in Russia’s Far East, hosted the 8th Eastern Economic Forum (EEF) from 12th to 13th September 2023 in an attempt to define further the development of this remote region. Since the beginning of the EEF in 2015, it has, until COVID-19 was followed by Russia’s own ‘special military operation’ in neighbouring Ukraine, the focus was largely on harnessing resources from the United States and Europe to the Far East region of the Russian Federation. Speeches and all kinds of remarks highly praised Western, European and Asia-Pacific participating countries and corporate enterprises under resonating themes

By Adedapo Adesanya India on Wednesday became the first nation to land a spacecraft near the Moon’s south pole and the fourth country – after Russia, the United States, and China – to land on the moon. This has been regarded as a historic triumph for the world’s second most populous nation and its ambitious, cut-price space programme. The unmanned Chandrayaan-3, which means Mooncraft in Sanskrit, touched down at 6:04 pm India time (1:34 pm Nigerian time). Its landing comes days after a Russian probe crashed in the same region and four years since the previous Indian attempt failed at

By Adedapo Adesanya In an unprecedented response to the devastation caused by the recent earthquake in Morocco, Binance, through its charity arm, has announced plans to airdrop up to $3 million in Binance Coin (BNB) to Binance users identified as living in the areas affected by the tragedy. Last Friday, a 6.8 magnitude earthquake struck Marakkesh in the North African country and has left close to 3,000 dead, with at least 2,500 injured and a host of others missing. In the aftermath of natural disasters, people often lose access to traditional banking at the exact moment when extra funds are

By Edwin Uhara Before Nigeria finally got her independence from Great Britain on October 1, 1960, several unsuccessful attempts were made to lower the Union Jack on our soil before the said year. From the formation of the first political party, the Nigerian National Democratic Party (NNDP), in 1923 to the incorporation of the Daily Times Newspaper in 1925 before publishing its first title in 1926, our nationalists had always wanted to live in a free nation where their rights, liberty and pursuit of happiness is guaranteed. Before I continue, I want to point out that the first newspaper was

By Dipo Olowookere Making video calls on WhatsApp, a popular messaging platform owned by Meta, the parent company of Facebook and Instagram, is taking another dimension. This is because the chief executive of the organisation, Mr Mark Zuckerberg, has announced the addition of a screen share feature on video calls. In a post on his page on Facebook on Tuesday afternoon, Mr Zuckerberg said, “We’re adding the ability to share your screen during a video call on WhatsApp.” This feature will enable WhatsApp users to share a live view of their screens during the call through their smartphones, tablets or

By Adedapo Adesanya ‘ Oil prices witnessed a 2 per cent rise on Thursday on expectations of tighter supplies through 2021 as economies recover from the coronavirus crisis. The Brent crude extended previous gains by $1.63 or 2.1 per cent to close at $73.57 while the West Texas Intermediate (WTI) crude rose by $1.67 or 2.4 per cent to trade at $71.67 per barrel. In what started as a very hectic week with prices falling more than $5 on Monday, the market has recouped all of those losses as investors expect overall crude demand to stay strong. Following the recent

By Dipo Olowookere Private Equity Africa (PEA) has announced the shortlist for its 7th Annual GP & Advisor Awards (PEA Awards). A statement issued by the organisers said this year’s Awards Gala Dinner would be hosted at the prestigious 5-Star Langham Hotel in London on Tuesday, June 12, 2018. This follows the PEA LP-GP Investor Summit, a full day event and the summit includes hosted sector-focused round-tables, lunch discussions and an open room debate session. The PEA Awards celebrate the achievements in the African private equity market, focusing solely on the best-in-class achievements of investors and advisors in the industry.

By Aduragbemi Omiyale Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, is having a meeting with key members of the Monetary Policy Committee (MPC) in Abuja to deliberate on the way forward for Nigeria in terms of monetary policies. The meeting, which started on Monday, May 23, 2022 (today), is taking place at the MPC Meeting Room, 11th Floor, CBN Headquarters, Abuja. It will conclude tomorrow after which Mr Emefiele will address the press on the outcome of the gathering. It will be the first MPC meeting the apex bank chief is presiding over since his alleged

By Dipo Olowookere Renowned coffee maker, Starbucks, has announced its intention to fully license its operations in France, the Netherlands, Belgium and Luxemburg to its longstanding strategic partner Alsea, the largest independent chain restaurant operator in Latin America. A statement issued by Starbucks explained that under this proposal, which is subject to relevant local laws, and discussions with relevant employee representatives, Alsea will have the rights to operate and develop Starbucks stores in these markets, building on Starbucks regional growth agenda that drives value through strategic licensed relationships. At the same time the company would introduce a new support structure

By Dipo Olowookere Since the Nigerian government introduced a new excise duty regime last year, which saw a rise in tax on alcohol and tobacco, Nigerian Breweries has been struggling. This had an effect on the company’s financial statements for the year ended December 31, 2018. On Wednesday, the brewery giant, which faces a huge competition from other firms in its industry, released its financial scorecard for the first quarter of 2019. A brief analysis of the results by Business Post showed that things are still gloomy, though revenue generated by the brewer improved in the period under review. According

By Dipo Olowookere Both the Securities and Exchange Commission (SEC) and the Central Bank of Nigeria (CBN) have been urged to grant operators in the country’s capital market a single dealing license to access Discount Window. This call was made at the annual workshop of Capital Market Association of Nigeria (CAMCAN) held in Lagos with the theme ‘Deepening the Nation’s Capital Market for Economic Growth.’ In his lecture, Group Managing Director of Dunn Loren Merrifield, Mr Sonnie Ayere, emphasised that the single access will boost liquidity of the operators in the market. He further noted that this license will facilitate