The Central Bank of Nigeria (CBN) has announced a new forex policy designed to encourage diaspora remittance through Money Deposit Banks (MNOs) that will fuel dollar liquidity in Nigeria. The initiative tagged, ‘Naira 4 Dollar Scheme’ for diaspora remittances, offers…

Over the past 10 years, Elon Musk and Jeff Bezos have been working to make their dream to create commercial transport service that will put people in space, come true. The SpaceX idea was conceived to build spaceships that will…

Square is acquiring Tidal, a music streaming company owned by rapper Shawn Carter, aka Jay-Z. Square, owned by Twitter founder and CEO Jack Dorsey will take a majority ownership stake in Tidal through a new joint venture. The deal, worth…

The UK’s Competition and Markets Authority (CMA) has launched an antitrust inquiry into Apple, due to many complaints coming from developers about the iPhone maker’s App Store. Apple released the iOS 14 late last year, the newest version of its…

After the OPEC+ alliance virtual meeting on Thursday where members reached a decision to keep current oil output unchanged, oil price has surged to its highest in nearly two years. It is a relieving development for the oil industry that…