Six Nigerian fintech startups have each received N3 million ($8,300) in equity-free funding after taking part in the ARM Labs corporate acceleration programme. The ARM Labs accelerator, managed by Ventures Platform, was designed to help idea and growth stage fintech companies commercialise and distribute their innovations. Startups were provided with co-working space and hands-on mentoring, […]
Read MoreThe absence of a witness for the Attorney General of the Federation on Wednesday forced the Federal High Court in Lagos to adjourn till October for hearing of a suit filed by MTN Nigeria Communication Limited against the AGF over N242bn and $1.3bn import duties and withholding tax assessments. MTN in statement however said:”We are […]
Read MoreA Nigerian utility firm, Arnergy has raised $9 million in a Series A round of funding led by Breakthrough Energy Ventures and Norwegian Investment Fund for Developing Countries (Norfund), EDFI ElectriFI and Shells’ All On. Arnergy is a distributed utility company that provides energy solutions tailored towards emerging markets. Its distributed renewable energy systems harness […]
Read MoreMAX.ng a motor bike transport company that easy traffic for commuters in the city of Lagos has secured $7 million in funding to expand across West Africa and add to its product offering. Founded in 2015, MAX.ng is a mobility platform that connects users to vetted professional motorcycle-taxi drivers via a mobile app. The startup […]
Read MoreLagos ed-tech startup ScholarX, which was part of the Google Launchpad three class has raised $100,000 towards an intended $200,000 pre-seed funding round to launch new products and grow its team. Launched in Nigeria in July 2016, the ScholarX app allows users to select parameters and scroll through lists of available scholarships that match their […]
Read MoreVendor revenue from sales of IT infrastructure products (server, enterprise storage, and Ethernet switch) for cloud environments, including public and private cloud, grew 11.4% in the first quarter of 2019 (1Q19), reaching $14.5 billion. Report from International Data Corporation (IDC) Worldwide Quarterly Cloud IT Infrastructure Tracker, showed it also lowered its forecast for total spending […]
Read MoreEnrolment for Nigerians in Diaspora into the National Identity Database, has been extended to those in the Republic of India by the National Identity Management Commission in the programme. The Director General/CEO NIMC, Engr. Aliyu Aziz reiterated that the extension is in line with NIMC’s mandate to ensure that all Nigerian citizens, Legal Residents and […]
Read MoreMainOne, West Africa’s leading connectivity and data centre solutions provider, on the heels of the expansion of its network into Edo State has assured the University of Benin of its support towards continued ICT development at the University. The CEO of MainOne reiterated her commitment towards improving access to ICT on campus with the investment […]
Read MoreThe Management of the Nigerian Communications Commission (NCC) has conveyed its decision to appoint Dr. Henry Nkemadu as Director Public Affairs. A graduate of veterinary medicine from the University of Nigeria, Nkemadu has traversed the length and breadth of NCC acquiring experiences that qualify him for his new role. A former Controller of the Lagos […]
Read MoreTechnologies such as the Internet of Things (IoT), artificial intelligence (AI), virtual reality and augmented reality (VR/AR) have been a hot topic for both businesses and governments for some time now. Their disruptive potential is no longer subject to debate, with leaders now focused on capturing the opportunities that these technologies present. In this article, […]
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