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British luxury carmaker, Rolls-Royce, has delivered the highest-ever first quarter sales results in 2021, reporting a 62 per cent increase over the same period in 2020. This was made known in a statement on Tuesday signed by the General Manager, Marketing and Corporate Communications of Coscharis Group, the exclusive franchise […]
Bitcoin hit a record high above $62,000 on Tuesday as the cryptocurrency exchange Coinbase prepares to launch shares on Wall Street. Bitcoin reached $62,377, a huge gain of 114 percent since the beginning of the year. After crashing in 2018, the value of bitcoin rebounded and it has set records […]
Finance ministers of G-20 countries have given the approval for an extension of debt relief for the world’s poorest nations till December 2021. World Banks President, David Malpass, made the announcement at the virtual spring meeting, on Wednesday. The G-20, is a group of finance ministers and central bank governors […]
Audio-chat app Clubhouse said on Monday that it will launch a monetization feature for its creators on the platform and any payment won’t be received from it. According to Clubhouse, starting from Monday, all users will be able to send payments through the platform. The feature to receive payments will […]
MTN subscribers have been reconnected to banking channels after commercial banks had blocked them from using their channels, which includes the Unstructured Supplementary Service Data (USSD) and banking apps on Friday. The channels were blocked due to MTN’s reduction of the banks’ commission on USSD airtime to 2.5 per cent. […]
The South Korean electronics manufacturer, LG is closing its loss-making mobile phone business. This decision was approved by the company’s board of directors on Monday, LG Electronics said in a statement released in Seoul. The shutdown of LG’s mobile phone sector is expected to be finalised by the end of […]
The Bank of Japan (BOJ) has kicked off experiments on Monday to study the feasibility of issuing its own digital currency, joining efforts by other central banks aiming to match the innovation in the field achieved by the private sector. According to the bank in a statement, the first phase […]
The World Bank in says Nigeria made an early exit out of recession than projected its October 2020 forecast for Sub-Saharan Africa (SSA). The bank made this known in its latest Africa Pulse Report for April 2021 titled, ‘COVID-19 and the Future of Work in Africa: Emerging Trends in Digital […]
The Director-General of the World Trade Organisation (WTO), Ngozi Okonjo-Iweala, says multilateral debt relief for low-income countries will boost investment and trade globally. Okonjo-Iweala said this on Monday while speaking at a meeting with heads of state and government on the International Debt Architecture and Liquidity. Okonjo-Iweala recalled that the […]
