Other News

Tinder pushes Match Group to beat estimate
Global Tech

Tinder pushes Match Group to beat estimate

Match Group, the company behind dating sites and adult apps such as Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs, and Hinge has beaten its earnings estimates. The company said in a statement that Tinder, attracted more subscribers, sending its shares up as much as 12 percent in extended trading. Overall […]

Nigeria passes new competition and consumer protect law
Policy

Nigeria passes new competition and consumer protect law

Nigeria’s President Muhammadu Buhari has just assented to the Federal Competition and Consumer Protection Bill, thereby making it the Federal Competition and Consumer Protection Act 2019. The country’s consumer protection agency, CPC said in a statement that “by this, Nigeria has promulgated perhaps the most prolific legislation for promoting consumer […]

Pagaya issues $100 million asset backed securities
Global Tech

Pagaya issues $100 million asset backed securities

Israel’s Pagaya said it issuing and overseeing $100 million in actively managed asset-backed securities led by structuring agent Cantor Fitzgerald. Pagaya uses machine learning and big data to manage institutional money. According to data compiled by Reuters News, the latest addition brings Pagaya’s assets under management to $450 million since […]

ExxonMobil announces two oil discoveries offshore Guyana
Global

ExxonMobil announces two oil discoveries offshore Guyana

ExxonMobil said today it made two additional discoveries offshore Guyana at the Tilapia-1 and Haimara-1 wells, bringing the total number of discoveries on the Stabroek Block to 12. The discoveries build on the previously announced estimated recoverable resource of more than 5 billion oil-equivalent barrels on the Stabroek block. Tilapia-1 […]

Lagos proposes $2.3 billion budget for 2019
Policy

Lagos proposes $2.3 billion budget for 2019

Lagos, Nigeria’s commercial capital is proposing to spend $2.3 billion for the year 2019. This is about N852.13 billion real-time forex rate. Lagos is West Africa’s largest economy and Africa’s 5th largest economy by gross domestic product. At the belated budget presentation, the outgoing state governor, Akinwunmi Ambode said the […]