eToro to Stop Offering Most Cryptocurrencies in US Due to SEC Settlement
The US Securities and Exchange Commission (SEC) has reached a settlement with eToro, a retail trading platform, over charges that it operated as an...
Emerging Market Stocks and Currencies Remain Subdued Amid U.S. Inflation Concerns
On Wednesday, September 11, 2024, most emerging market assets showed little movement as investors waited for key U.S. inflation data. The cautious mood was...
Nigeria Faces International Arbitration Over Multibillion-Dollar Contract Scandal
The Nigerian government led by President Bola Tinubu is embroiled in a high-stakes legal battle with a private company, Donnington Nigeria Ltd, and its...
Heineken Launches New Sleek Bottle Designed for Younger Nigerian Drinkers
Heineken, a popular beer brand known worldwide, has unveiled a brand new bottle size specifically for the Nigerian market. The 45cl bottle was introduced...
Kuda Launches New Payment Solutions for Small Businesses
Kuda, a digital banking platform, has introduced new payment tools aimed at helping small and medium-sized enterprises (SMEs) in Nigeria. The company has launched...
GTBank Transitions to New Core Banking Platform, Finacle
Guaranty Trust Bank (GTBank), one of Nigeria's leading banks, is in the final stages of switching its core banking software to Finacle, a system...
Naira’s Value Rises After Successful Bond Launch
Nigeria's naira experienced a significant boost after the successful launch of the country's first domestic dollar-bond issue, which drew strong interest from investors. On...
FCMB Raises N110.94 Billion in Successful Capital Raise
FCMB Group Plc has successfully raised N110.94 billion through a capital increase exercise. The funds raised will be used to strengthen the bank's balance...
GTCO Becomes First Nigerian Bank to Hit N1 Trillion in Pre-Tax Profit
Guaranty Trust Holding Company (GTCO) Plc has become the first Nigerian bank to report over N1 trillion in pre-tax profits for the first half...
Moove, the Nigerian Startup Backed by Uber, Expands to the United States
Moove, a Nigerian startup that finances vehicles for ride-hailing companies, is expanding its operations to the United States. This move is part of the...