Tuesday, 17th May 2022: The exchange rate between the naira and the US dollar closed at N418.5/$1 at the official Investors and Exporters (I&E) window, appreciating by 0.71% from N421.5/$1 recorded the previous day.
Naira gained against the US dollar on Tuesday, following the record-high depreciation recorded in the previous trading session. Likewise, FX turnover improved by 48.7% to $105.1…
Kwaba, a Nigerian fintech firm that helps low and middle-income earners divide their annual rent into manageable monthly instalments, has received pre-seed capital to help it expand across Nigeria and Africa.
Kwaba, which was founded by Obinna Molokwu in January 2020 and is…
Olubusayo Adeniyi, the Chief Executive Officer of Cedrus Group Africa, has stated that the company is bridging the infrastructural gap in order to increase investment in Nigeria and in Africa as a whole.
He addressed journalists during a press conference organized in Lagos…
Multigate.io, a Nigerian financial technology firm formed in 2017, leads the future of FinTech and cross-border payments from the continent by providing immediate cross-border funds transfer and enhanced treasury and cash management to businesses and individuals within and outside of Africa.
The company focuses on providing simple solutions to solve the complicated payment and cash management…
Popular video games publisher Electronic Arts says it is going to stop making Fifa branded football titles.
It is one of the most profitable brands in gaming history, but the cost of the licence was one reason why the decision was made to ditch the partnership.
EA will…
Apple has lost its position as the world’s most valuable company amid a broad sell-off of technology stocks.
Saudi Arabian oil and gas producer Aramco has reclaimed the top spot from the iPhone maker for the first time in almost two years.
Investors have been selling…
Zinox Technologies is reportedly set to acquire foremost e-commerce company,Jumia.
The billionaire Leo Stan Ekeh led company is set to make the move as Junmia’s shares price continues to dip.
According to ENigeria Newspaper, the shares price of Jumia, Africa’s e-commerce behemoth, slumped 11.32 percent to $4.78 on Wednesday as investors fled IT companies’ stocks amid a market sell-off that…
Google on Wednesday and Thursday held its annual developer conference where it revealed an expanded line of new products and services.
At its first in-person developer conference in 3 years, the tech giant announced 3 new smartphones and its first in-house smartwatch as well…
Interswitch, a Nigerian digital payments company that is Africa’s second unicorn, has raised $110 million to help it expand, according to multiple news reports.
The strategic investment came from LeapFrog Investment and Tana Africa Capital, which will work with Interswitch…
On this series of 5QUESTIONS BY RANKS BUSINESS, we introduce you to Actress Tega Dominic the CEO of Effanga’s Kitchen.
Against all odds Former Bbnaija Housemate Tega Dominic recently unveils her Effanga’s Kitchen to redefine meals taste in Nigeria.
Read our brief interview with her below, In this interview, she gives us her insight into her business:
View this…