United Capital Plc, a Pan-African financial services conglomerate, has announced its 13 per cent year-on-year increase in profit before tax to N13.50 billion for the 2022 financial year. A statement by the organisation said the amount was announced by its Board of Directors at the company’s 10th Annual […]
Flutterwave, Africa’s leading payments technology company, has been named in the Y Combinator’s 2023 top companies list for the third consecutive year. Flutterwave’s inclusion in the list is a reflection of the company’s impressive growth as a major driver of commerce and economic growth in Africa, serving more […]
The Presidency Monday evening said the Central Bank of Nigeria had no reason not to comply with the ruling of the Supreme Court on the naira redesign policy. It stated that the President, Major General Muhammadu Buhari (retd.), did not instruct the CBN governor, Godwin Emefiele, and the […]
United States regulators pulled the plug on Silicon Valley Bank on Friday in a spectacular move that sent global banking shares sputtering, as markets fretted over possible contagion from America’s biggest banking failure since the 2008 financial crisis. US authorities swooped in and seized the assets of SVB, […]
The widespread rejection of the old N500 and N1,000 which persisted yesterday was worsened by banks’ refusal to accept deposits of the notes without registration on the Cash Return Portal, CRP of the Central Bank of Nigeria, CBN. Following the February 10th CBN deadline for the old N200, […]
Markus Villig, the founder and CEO of ride-hailing company Bolt, recently visited Kenya and South Africa to meet with local teams, try out Bolt’s products, and hold meetings with government officials and industry stakeholders. In an exclusive interview with Capital Business, Villig discussed Bolt’s plans for expansion and investment […]
No one likes weeding, but new technology is helping farmers around the world tackle weeds in a more efficient and environmentally friendly way. Deanna Kovar from US farming equipment giant John Deere says that the company’s new tractor-pulled weed sprayer can reduce herbicide use by two-thirds. The system, […]
Starbucks illegally fired six workers in New York state in a pushback against unions, a US National Labor Relations Board (NLRB) judge has ruled. The judge says the firm committed “egregious and widespread” violations of federal labour law at its stores in cities of Buffalo and Rochester. The […]
President Muhammadu Buhari has signed the Business Facilitation (Miscellaneous Provision) Bill 2022 also known as the Omnibus Bill into law. Dr Jumoke Oduwole, Special Adviser to the President on Ease of Doing Business and Secretary, Presidential Enabling Business Environment Council (PEBEC) said this in a statement on Monday […]
Capital importation into Nigeria’s economy fell year-on-year (y/y) by 24.6 percent to $4.56 billion in the first 10 months of 2022 (10M’22) from $6.05 billion in the corresponding period of 2021. According to findings from the Monthly Economic Report of the Central Bank of Nigeria, CBN, also showed that […]
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