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FG to probe Nigerian airline for alleged aircraft smuggling as fares rise Nexovant
The Nigerian government has disclosed that relevant agencies would probe the allegations of aircraft smuggling to Iran by Azman Air The spokesman for the Nigerian Civil Aviation Authority (NCAA), Mike Achimugu, said the allegations against the airline are heavy He said that Nigerian Customs usually handles smuggling issues and that the authority cannot act until […]
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Ethena Labs launches new stablecoin backed by Blackrock Nexovant
Ethena labs have joined the race to launch stablecoins launching a new stablecoin backed by Blackrock. The new stablecoin is USDtb and is backed by BlackRock’s USD Institutional Digital Liquidity Fund. Ethena Labs announced the development via its official Twitter Page, revealing details of the launch and BlackRock’s’ involvement in it. “Today we are launching […]
Billionaire Patrice Motsepe’s Tyme worth $1.5 billion becomes Africa’s 9th unicorn Nexovant
Tyme Group, the Singapore-headquartered digital banking group backed by South African billionaire Patrice Motsepe, has officially become Africa’s 9th unicorn after raising $250 million in its Series D funding round. The capital injection propelled the fintech’s valuation to $1.5 billion, marking a significant milestone for the multi-country digital lender. The Series D round was led […]
African investors contribute 22.76% of Nigeria’s foreign capital in Q3 2024 Nexovant
The National Bureau of Statistics (NBS) has revealed that African investors (excluding those from Nigeria) contributed 22.76% of the total foreign capital imported into Nigeria in the third quarter of 2024. This amounted to $285.11 million, showing a significant role played by African countries in the capital importation landscape. However, an analysis of the capital […]
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