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The African Development Bank (AfDB) has formed partnerships with Calvert Impact Capital (CIC), Global Environment Facility (GEF) and the Nordic Development Fund (NDF) to drive investments in off-grid energy across Africa. via TODAY.NG – http://ift.tt/2DedQev Get more: Nigeria Business News

Twitter is under fire this week after media organization Project Veritas published undercover footage of engineers from the company saying that employees – “at least, three or four hundred people” read users’ posts and supposedly private Direct Messages. The company denied the claim, telling...

Nigerian football legend Nwankwo Kanu has sold his pet project Papilo FC. Kanu’s manager, Onyebuchi Abia, confirmed Kanu no longer owns the Nigeria National League (NNL) side. Kanu was reported to have sold the team over frustrations that teams don’t win based on their performance in the league...

While most of the world’s institutional investors watched from the sidelines as cryptocurrencies surged last year, a small group of hedge fund managers piled in. Call them visionaries or just plain lucky, but boy did they hit the jackpot. The nine cryptocurrency hedge funds tracked by...

Researchers found that a single actor was “likely” behind several accounts that bought millions of dollars worth of bitcoin and drove the exchange rate in the US from $150 to $1,000 over the course of two months. In a paper published in a recent issue of the Journal of Monetary … via RT...

Joseph Parker, the WBO heavyweight titleholder from New Zealand, expects to face a “rattled and angry” Anthony Joshua on March 31 in Cardiff, Wales, when the two unify belts. Parker (24-0, 18 KO) also expects it’ll be the best version of Anthony Joshua, acknowledging that he’s in the fight of...

Significant policy decisions taken last year including N701billion payment assurance to Generation Companies (GenCos), declaration of eligible customer, enactment of the Power Sector Recovery Programme (PSRP) and increased transmission investments helped Nigeria achieve a peak on-grid capacity...

Oil prices hit $70 per barrel for the first time in more than three years weekend. The last time Brent traded that high, prices were falling off a cliff after the November 2014 OPEC meeting left members producing without restraint, leading to a global glut of … via BusinessDay : News you...

Stanbic IBTC Stockbrokers (SISB) Limited has outperformed peer rivals in terms of value as it traded N403.4 billion or 15.85 percent of the total value of shares traded on the Nigerian Stock Exchange (NSE), according brokers performance report. Data from the report shows the top 10 … Via...

Directors of some of the most capitalised companies on the Nigerian Stock Exchange (NSE) became N70 billion richer in 2017, as stocks recovered from a blighting downturn to reach record highs. Powered by the mammoth return on stocks (up 42 percent in 2017), the cumulative value … via...

Stories by Chinwendu Obienyi Equities trading on the floor of the Nigerian Stock Exchange (NSE), yesterday, reversed its previous loss of 0.33 per cent as the All Share Index (ASI) was up by 0.51 per cent, on the back of gains recorded by FCMB and Skye Bank , to … via The Sun News –...

AUSTRALIAN OPEN World number one Rafael Nadal powered into the Australian Open second round with a routine win over the Dominican Republic’s Victor Estrella Burgos. The Spaniard, playing his first tournament match since suffering a knee injury in November, won 6-1 6-1 6-1 in 94 minutes on Rod...

* Libya too strong for Equatorial Guinea Duro Ikhazuagbe Home-based Eagles began their African Nations Championship (CHAN) campaign in Tangier, Morocco sluggishly last night sharing points with Rwanda in a 1-1 game Nigeria had the chance to take the driver’s seat of Group C. With Libya’s...

Germany’s central bank has said it will include China’s yuan in its reserves, giving another boost to Beijing’s drive to internationalise the currency and helping send the unit to two year highs. The Bundesbank said its board had decided in July to invest in the renminbi, as it is also …...

By Chika Izuora With Agency Report The price of brent crude oil rose to $70 per barrel yesterday, supported by ongoing output cuts led by OPEC and Russia, and ignoring a rise in United States and Canadian drilling activity that points to higher future output in North America. Brent … Via...

More than three million tickets have been requested in the second phase of applications for this year’s FIFA World Cup in Russia. The second window for fans seeking to attend the event opened on December 5, after the draw for the group stage of the tournament on December 1. … via The Sun...

Nigeria will be represented for the first time at a Winter Olympics in Pyeongchang Nigeria’s women’s bobsleigh team will make history in Pyeongchang as the first African sled to compete at the Winter Olympics. Seun Adigun, Ngozi Onwumere, and Akuoma Omeoga hit the qualifying standard in November...

Chelsea’s £1bn development of Stamford Bridge can go ahead after Hammersmith and Fulham Council passed a motion that will prevent an injunction blocking the plans. It was taken out by a neighbouring family, the Crosthwaites, who argue that the stadium expansion would block light into their home...

Image copyright Getty Images Image caption Ford used the show to unveil its new Ranger 2019 pick-up truck Ford says it will boost its investment in electric vehicles to $11bn (£8bn) in the next five years, more than doubling a previous commitment. Chairman Bill Ford said the car maker would …...

The tablet is an interesting companion when it comes to electronic devices. Depending on your needs, you can find one that’s capable of basically anything — whether it’s watching movies, sketching art, or being used as a full-on laptop. But what about those who don’t need all the bells and …...