Dreaded ‘down rounds’ shave billions off startup valuations
Several high-flying startups are being brought down to earth, as a recent carnage in global equity markets and lackluster demand for new listings force companies to raise funds at a…
Several high-flying startups are being brought down to earth, as a recent carnage in global equity markets and lackluster demand for new listings force companies to raise funds at a…
Nigeria’s broadband usage has continued on the rise, moving up from 40.9% in February 2022 to 44.5% in July 2022, a figure considered hopeful for achieving the national broadband target…
Oil prices pulled back slightly on Tuesday on the latest progress in last-ditch talks to revive the 2015 Iran nuclear accord, which would clear the way to boost its crude…
The Minister of Agriculture and Rural Development, Dr. Mohammad Mahmood Abubakar has reiterated the Ministry’s commitment to collaborate with stakeholders in the Cashew Value chain towards enhancing the quality seedlings,…
The Federal Government has declared Dala Inland Dry Port as port of origin for export of goods and final destination for goods brought into the country via the nation’s seaports.…
Nvidia Corp (NVDA.O) on Monday warned its second-quarter revenue would drop by 19 per cent from the prior quarter on weakness in its gaming business, sending the chip designer’s shares…
Axios has agreed to sell itself to Cox Enterprises in a deal that values the digital media firm at $525 million, a source familiar with the matter said on Monday.…
European budget airline Wizz Air (WIZZ.L) will resume flights from Abu Dhabi to Moscow from October, it said on Thursday, more than five months after the carrier suspended all services…
Qualcomm (QCOM.O) agreed to buy an additional $4.2 billion in semiconductor chips from GlobalFoundries’s (GFS.O) New York factory, bringing its total commitment to $7.4 billion in purchases through 2028, according…
Russian airlines, including state-controlled Aeroflot (AFLT.MM), are stripping jetliners to secure spare parts they can no longer buy abroad because of Western sanctions, four industry sources told Reuters. The steps…