On Thursday, disappointing revenue from Snap Inc. raised concerns about the outlook for online advertising as Social media giants shed nearly $47 billion in market value in extended trading Snapchat …
Radarr Africa Business Desk
Radarr Africa Business Desk
The Radarr Africa Business Desk reports daily on companies, markets, banking, energy, technology and policy across Nigeria and Africa. Stories are reviewed and edited by The Radarr Africa Editorial Team in Lagos. Story tips and corrections: business@radarr.africa.
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- AfricaBusiness and EconomyNewsNigeriaWestern Africa
Nigeria’s fuel subsidy is estimated at N6.7tn for 2023
The Federal Government of Nigeria will spend N2.7 trillion on fuel subsidy payment in 2023. The Minister of Finance, Budget, and National Planning, Zainab Ahmed, who disclosed this during the …
Kenya has disowned promises of a July tender made to Dubai Port (DP) World that would have allowed the UAE-based firm to offer a bid for development, operation and management …
Traders are seeking more than Sh175million from the government to cover the reduction of the cost of maize flour to Sh100. In a statement, the traders through the Retail Trade …
- AfricaBusiness and EconomyFinance & ServicesNewsNigeriaWestern Africa
Nigeria’s debt payment exceeds revenue in Q1
Debt servicing surpassed Nigeria’s generated revenue in the first quarter of this year, the Ministry of Finance revealed on Thursday. In the fiscal performance report released by the ministry, the …
- AfricaFinance & ServicesNewsSouth AfricaSouthern Africa
South Africa central bank raises key rate to 5.5%
South Africa’s central bank raised its benchmark interest rate by three-quarters of a percentage point to 5.5 percent on Thursday — the steepest hike in a decade. The move — …
- AfricaBusinessTechnologyWestern Africa
Phase3 Telecom partners Yahclick for improved broadband services
Phase3 Telecom, an aerial fiber optic network infrastructure provider is partnering with YahClick (powered by Hughes) to offer high-speed, low-latency satellite broadband services. Consequently, satellite broadband services would be available …
Moto Business Service Nigeria (MBSN), a subsidiary of Japan’s Yamaha Motor Corporation has announced a strategic partnership with Metro Africa Xpress Inc. (MAX) – Africa’s first mobility technology platform to …
Payment technology and card business, Verve International has welcomed its first francophone e-commerce and merchant aggregator, CinetPay into the Verve ecosystem. CinetPay, the Ivorian-based FinTech provides online and Point-of-Sale (POS) …
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Microsoft Corp’s MS Teams back up for most users after global outage
Microsoft Corp’s MS Teams was back up for most users, the company said on Thursday, after an hours-long outage that disrupted the chat application for tens of thousands of customers …